Solana real estate project Parcl set for $160m airdrop in April

Parcl is the latest project to confirm that the points it gives users for interacting with the protocol will convert to tokens. The conversion will take place in April.

The Solana-based protocol lets users trade on the prices in certain real estate markets with up to 10-fold leverage.

The platform uses its own data feed that tracks changes in the price per square foot for residential properties in select markets and feeds that data into a smart contract that allows traders to bet on the price movements in each real estate market.

Traders and liquidity providers can earn points on Parcl by using the platform. Issuing points typically precedes an airdrop. The points then become tradable tokens.

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