Parcl Limited Community Allocation of PRCL Tokens

Parcl Limited has announced a new community allocation of PRCL tokens with the following details:

• Total Allocation: 6% of PRCL tokens
  • 4% will be allocated linearly based on the S1 leaderboard.
  • 2% will be allocated to S1 traders.

Vesting and Streaming Schedules:

• The distribution includes vesting and streaming components to align with the ecosystem.
• There are three different vesting/streaming schedules determined by the amount of PRCL staked by each eligible user.
• Tokens will be streamed only during specific periods until each schedule is complete.

Important Dates:

• Staking Live: Users can now visit their points page to see their allocation and begin staking.
• Snapshot Date: A snapshot will be taken on July 11, 2024, to determine each user's vesting schedule.
• Claims Begin: Token claims will start on July 15, 2024, but vesting began on July 1, 2024.

To be eligible for the snapshot that determines streaming schedules, users must stake their PRCL tokens by the next epoch, which is Thursday, July 11th at 00:00.

Other Utilities of Staking:

• PPP Season 2 Boost: Future boosts will migrate from soft staking to hard staking. A grace period for this transition will be communicated shortly.
• Governance: Stakers will have governance rights over certain elements of the Parcl Protocol.
• Parcl Labs API Access: Stakers will gain access to the Parcl Labs API.

For more details, visit the official announcement.