On Dec 17, Parcl (PRCL), a Solana based decentralized real estate trading platform will be listed on Coinbase. Trading will begin at or after 9:Liquidity conditions subject to 00 AM Pacific Time.
Once enough supply is available, the U.S.-based crypto exchange also plans to offer the trading pair PRCL-USD. At launch, Parcl token transfers will be both available on Coinbase and Coinbase Exchange and the rollout will be phased and limited to jurisdictions based on regulations.
Parcl Enables Decentralized Real Estate Trading, Joins RWA Council
With city indexes, like New York, San Francisco and London, Parcl enables decentralized real estate trading. Users can invest in liquid real estate with up to 50x leverage on the platform. Assets are represented by index prices computing average prices per square foot or meter in a given area, and investors can speculate on or hedge against real estate price fluctuations.
Real-World Assets (RWA) Council, with which Parcl is also a part, wants to accelerate the Real World Assets adoption on the Solana blockchain. Council members also include AgriDex, Baxus and Collector Crypt.
Generation of the token concluded in April 2024 and 800 million PRCL tokens were distributed after an April 8 snapshot. On December 14, the token hit the listing roadmap of Coinbase, pushing its price up; this happened as PRCL attempted to make a move out of the bottom 15 on CoinMarketCap.
The token dropped alongside broader market trends after hitting a multi month high above $0.60. Parcl’s price surged over 13% in the past 24 hours and is hitting an eight-month high. The bullish momentum continues so should see the token attempt an all-time high of $0.73 on April 22.
