How much is the Parcl (PRCL) currency issued?

With a maximum supply of 250 million PRCL tokens and a circulating supply of approximately 143 million as of [date], the Parcl platform ensures scarcity and potential value appreciation over time.

Dec 22, 2024 at 01:21 am

Key Points:

• Parcl (PRCL) is the native token of the Parcl platform, a decentralized real estate metaverse.
• PRCL has a maximum supply of 250 million tokens.
• The current circulating supply of PRCL is approximately 143 million tokens.

Article:

Understanding Parcl (PRCL) and Its Issuance

Parcl (PRCL) is an ERC-20 token that serves as the backbone of the Parcl metaverse, a virtual world where users can own, build, and monetize virtual properties. The token plays a crucial role in various aspects of the ecosystem, including governance, transaction fees, and rewards.

1. Total Issuance

The total issuance of Parcl (PRCL) is capped at 250 million tokens. This maximum supply is predetermined and cannot be increased, ensuring scarcity and potential value appreciation over time. The finite issuance also prevents excessive inflation and maintains the token's long-term stability.

2. Token Distribution

Parcl (PRCL) was initially distributed through a public token sale in 2022. The sale allowed investors to purchase PRCL tokens using other cryptocurrencies, such as Ethereum (ETH) or Bitcoin (BTC). The funds raised from the token sale were used to finance the development of the Parcl metaverse and ecosystem.

3. Circulating Supply

The circulating supply of Parcl (PRCL) refers to the number of tokens that are currently in circulation. As of [date], the circulating supply of PRCL is approximately 143 million tokens. This means that approximately 57% of the total issuance is currently available on the market.

4. Token Usage

Parcl (PRCL) is a versatile token with various use cases within the Parcl metaverse:

• Governance: PRCL holders can participate in the governance of the Parcl platform by voting on proposals that shape the future of the metaverse.
• Transaction Fees: PRCL is used to pay transaction fees when buying or selling virtual properties in the Parcl metaverse.
• Staking: PRCL can be staked to earn rewards and generate passive income.
• NFT Purchase: PRCL can be used to purchase non-fungible tokens (NFTs) that represent virtual properties in the Parcl metaverse.

FAQs:

Q: How do I buy Parcl (PRCL)?
A: Parcl (PRCL) can be purchased on various cryptocurrency exchanges, such as Uniswap and Gate.io.

Q: What is the current market capitalization of Parcl (PRCL)?
A: The current market capitalization of Parcl (PRCL) is approximately [market cap].

Q: What is the future potential of Parcl (PRCL)?
A: The future potential of Parcl (PRCL) is tied to the growth and adoption of the Parcl metaverse. As the platform gains traction and integrates innovative features, the demand for PRCL is likely to increase, driving its price appreciation.