What is the total supply of Parcl (PRCL) coins?

Parcl's (PRCL) capped supply of 500 million ERC-20 tokens powers its decentralized platform for virtual land and assets, offering a range of use cases and governance opportunities.

Dec 20, 2024 at 10:18 am

Key Points:

• Overview of Parcl (PRCL)
• Tokenomics and Supply
• Distribution of Tokens
• Use Cases of PRCL Tokens
• Advantages of Using PRCL

Tokenomics and Supply

Parcl (PRCL) is an Ethereum-based ERC-20 token that powers the Parcl platform, a decentralized marketplace for virtual land and assets. The maximum supply of PRCL is capped at 500 million tokens.

• Total Supply: 500,000,000 PRCL
• Circulating Supply: The circulating supply of PRCL fluctuates based on market demand and supply dynamics. The exact circulating supply can be tracked on CoinMarketCap or other crypto exchanges.

Distribution of Tokens

The initial distribution of PRCL tokens was as follows:

• Seed Round: 20%
• Private Sale: 30%
• Public Sale: 25%
• Team and Advisors: 15%
• Reserved for Ecosystem Development: 10%

Use Cases of PRCL Tokens

PRCL tokens have various use cases within the Parcl ecosystem:

• Purchasing Virtual Land: PRCL tokens are used to purchase virtual land parcels on the Parcl platform. Landowners can then build experiences, host events, or monetize their land.
• Governance: PRCL token holders can participate in the governance of the Parcl platform by voting on proposals and shaping the future of the ecosystem.
• Rewarding Content Creators: PRCL tokens can be used to reward content creators and developers for contributing valuable content and experiences to the platform.
• Staking: PRCL holders can stake their tokens to earn additional tokens as rewards. Staking also contributes to the security and stability of the Parcl network.
• Purchasing Assets: PRCL tokens can be used to purchase virtual assets, such as buildings, avatars, and other in-game items, within the Parcl ecosystem.

Advantages of Using PRCL

There are several advantages to using PRCL tokens:

• Decentralization: PRCL is a decentralized token, meaning it is not controlled by any central authority. This provides security, transparency, and resilience to the Parcl platform.
• Utility: PRCL has clear utility within the Parcl ecosystem, enabling users to purchase virtual land, participate in governance, and access various platform features.
• Scarcity: The capped supply of 500 million PRCL tokens creates scarcity and potential value appreciation over time.
• Community: The Parcl community is actively involved in the development and governance of the platform, providing a sense of ownership and collaboration.

FAQs

Q: What was the price of PRCL when it was first introduced?
A: The initial public sale price of PRCL was $0.08 USD.

Q: Where can I buy PRCL tokens?
A: PRCL tokens can be purchased on cryptocurrency exchanges such as Uniswap, Gate.io, and KuCoin.

Q: Is PRCL a good investment?
A: The value of PRCL tokens, like any other cryptocurrency, can fluctuate based on market demand and supply factors. It is important to conduct thorough research and consider your financial situation before making any investment decisions.