Today, real estate company Solana Protocol Parcl Limited announced the airdrop news for PRCL in April. This release follows other major announcements from the Ethereum Pixels and Optimism projects.
Solana's Parcl real estate protocol boosts trust in the network with a planned airdrop of community members in April.
Parcl will mint 1,000,000,000 tokens and send 7-8% of them to the community. About 10-12% of the tokens are currently in circulation.
The new token will give its holders decentralized application management and access to real estate data. Grant holders will also be eligible for future incentive programs, while the Parcl Foundation will coordinate governance decisions. The Parcl team will unveil the tokens in March.
In the meantime, Parcl assures those eligible for Airdrop that they will be informed via official channels. The actual airdrop event will take place on an undisclosed date in April.
Parcl is a Solana protocol that provides access to global real estate indices and provides permanent futures margin trading. It also provides access to real-time real estate data in popular areas such as New York, London, Paris, and Miami. The project received funding from Dragonfly Capital and Coinbase Ventures.
The protocol has $78.6 million in total locked value and $63.5 million in open interest in futures contracts. Trading volume during the past 24 hours reached $234.2 million. This is despite a recent Solana outage, which prompted cryptocurrency influencer Beanie to encourage a boycott of the network.
"We gave Solana the benefit of the doubt a few years ago when he was routinely crashing. But I don't see how the market can allow this much inefficiency to deteriorate now. Send this broken central VC chain to zero in a hurry," Beanie stated.
What Cryptocurrency Drops to Watch for?
Meanwhile, other airdrops are also preparing to launch in 2024. Friend.tech, a social media platform that drives cryptocurrency influencer interactions, has hinted at an upcoming airdrop. The Ethereum Optimism Layer 2 project will also conduct an airdrop of 10 million OP tokens.
Earlier this month, Web3 Pixels gaming project announced an airdrop of RON tokens. The Airdrop event will release 20 million PIXEL tokens in two tranches. The maximum rewards can be up to 3,955p per eligible wallet.
While airdrops can be profitable, they can also provide fertile ground for cryptocurrency scams. In Singapore, police recently warned the public about so-called dumping tools that criminals are promoting as a service on the dark web.
These groups send users to a phishing website to conduct a supposed airdrop, where they are asked to authorize themselves and connect a cryptocurrency wallet, after which a smart contract tricks them into revealing their funds. The hackers then send the stolen cryptocurrencies through a series of cryptocurrency mixers that scramble the money trail. BeInCrypto reached out to Parcl to inquire about how recipients' funds are secured, but did not receive a response at the time of publication.
