Parcl [PRCL]
Parcl is a DEX on the Solana blockchain that focuses on perpetual futures contracts for synthetic real estate assets.
Parcl is a decentralized real estate trading platform that offers synthetic contracts that track real estate indexes from various global markets, allowing users to trade real estate assets without owning the physical properties. Parcl specializes in perpetual futures contracts, enabling leveraged trading and indefinite position holding.
Parcl aggregates and updates physical real estate market data from multiple sources to create detailed indices for various localities. These indices are highly granular, accounting for prices per square foot or meter. As of mid-April 2024, Parcl maintains indices for 26 locations, including major U.S. cities, Paris, London, and Solana Beach - a small Californian community that inspired the name of the Solana blockchain, on which Parcl itself is built.
Parcl allows real estate investors to open long and short positions on city-specific indices that closely track real-world property values. Unlike traditional real estate investing, which typically focuses on individual properties, Parcl’s indices represent the overall market of a particular city, enabling traders to speculate on broader city-wide price movements. To trade, users must deposit USDC stablecoin as collateral.
Parcl aggregates and updates physical real estate market data from multiple sources to create detailed indices for various localities. These indices are highly granular, accounting for prices per square foot or meter. As of mid-April 2024, Parcl maintains indices for 26 locations, including major U.S. cities, Paris, London, and Solana Beach - a small Californian community that inspired the name of the Solana blockchain, on which Parcl itself is built.
Parcl allows real estate investors to open long and short positions on city-specific indices that closely track real-world property values. Unlike traditional real estate investing, which typically focuses on individual properties, Parcl’s indices represent the overall market of a particular city, enabling traders to speculate on broader city-wide price movements. To trade, users must deposit USDC stablecoin as collateral.
DeFiPerpetualsRWAReal Estate
Current price
24h:7.2%Market cap
Trading volume 24h
Fully diluted market cap
All time high price
49.42%All time low price
223.56%Token supply
0 PRCL (0%)
1B PRCL (100%)
$0
$0.378
$0
$378.44M
222.94M PRCL (22.29%)