Logo Phantom
Logo PhantomLogo Phantom
LearnCrypto 101

Parcl airdrop: The PRCL token guide

Jonathan G.
parcl airdrop

    At its core, the sector leverages blockchain technology—enabling you to tokenize and trade real-world assets digitally.

    Real-world assets can range from traditional financial instruments such as stocks, bonds, and commodities, to more unconventional assets such as art, intellectual property, and real estate.

    Speaking of real estate, on Parcl, you can speculate on the rise and fall of real estate markets, such as New York, Las Vegas, and Los Angeles—with as little as one dollar.

    In this guide, we'll take a closer look at Parcl and explore the protocol's governance token—$PARCL—which was recently airdropped.


    • Project: Parcl
    • Token ticker: $PRCL
    • Blockchain: Solana
    • Sector: Decentralized finance (DeFi)
    • Business Model: Decentralized exchange (DEX) / Perpetual Futures

    What does Parcl do?

    Parcl is a decentralized exchange that specializes in perpetual futures for real estate markets.

    A perpetual futures contract is a type of derivative financial instrument that tracks the price of an underlying asset, such as stocks, bonds, crypto, or real estate. Unlike traditional futures contracts, perpetual contracts do not have an expiration date. As such, perpetual futures contracts are often used for leveraged and speculative trading.

    Simply put, Parcl enables you to go long or short on real estate markets with as little as one dollar—making the sector more divisible, tradable, and accessible to a broader range of investors.

    As such, RWA platforms, such as Parcl, hold the potential to democratize access to investment opportunities and unlock new avenues for capital formation and asset ownership in the digital age.

    What is the $PRCL token?

    $PRCL is the governance token of the Parcl protocol, with the primary aim of progressively decentralizing the platform’s product ecosystem.

    As such, $PRCL holders are expected to govern over certain aspects of the protocol—as is the case with most governance tokens.

    Also, $PRCL will be integrated into Parcl’s API and used as a gating mechanism for access to high-quality residential real estate data.

    $PRCL distribution details:

    • Airdrop: April 16th, 2024
    • Total token supply: 1,000,000,000
    • Initial community supply: 8%
    • Estimated initial float: 10-12%

    Further tokenomics details can be found here.

    How to qualify for the $PRCL airdrop?

    Similar to protocols such as Tensor, Drift, and marginfi, Parcl rolled out a points program, which culminated in an airdrop on April 16th, 2024.

    As always, the premise of the points program was simple: the more points you collected, the larger your airdrop allocation turned out to be.

    On Parcl, you could collect points by trading (longing and shortening perpetual futures) or by providing liquidity—called “LP-ing.”

    Also, you could boost your points by holding HOA NFTs in your Parcl trading wallet. Additionally, you could take part in the Parcl Referral Program. When you refer someone to Parcl, you receive 10% of the points they earn, while they enjoy a 5% boost on their points—forever.

    When will the $PRCL airdrop take place?

    The $PRCL airdrop took place on April 16th, 2024.

    As expected, the $PRCL airdrop functioned like other ones on Solana. Generally, token rewards aren’t sent directly to your wallet; You must go to a dedicated website to claim them.

    ⚠️ Beware: During airdrop season, scammers create imitation accounts to trick you into clicking phishing links and wallet drainers. Please exercise caution. Only click on, and visit, links from Parcl’s official 𝕏 account, and do not respond to direct messages from unknown parties related to the $PRCL airdrop—regardless if you’re on 𝕏, Discord, Telegram, or other platforms.

    For more, read our Solana Airdrops guide.

    How to trade $PRCL with Phantom?

    Note: You need to hold SOL in your Phantom wallet to complete this process.

    1. Log-in to your Phantom wallet on the browser extension or mobile app
    2. Select the tokens you’d like to trade
    3. Click the swap icon (arrow) at the bottom
    4. Review the order
    5. Submit!

    How to set up a Phantom wallet?

    If you’d like a friendly multichain wallet for crypto, DeFi, and NFTs, try us out. We offer browser extensions for Firefox, Chrome, Brave, and Edge, as well as apps for iOS and Android.

    First, download Phantom. Then, create a new wallet.

    If you’d like to fund, or send funds to, your Phantom wallet, you can do so via the “Buy” button on your asset tab. We offer various funding options, such as MoonPay, PayPal, and Robinhood to make it easy for you to fund your wallet.

    Once you do that, you're ready to go.