The claim checker for the initial community allocation of PRCL is now live on Parcl users’ Points pages. The claim itself will go live at 12:59 UTC on Tuesday, April 16th via Parcl Limited. Trading will begin on centralized exchanges at 1:00 p.m. UTC on the same day.
Based on data from the Points program and extensive scenario modeling, the fairest distribution for PRCL is a linear model with a clamp for the very top users to protect decentralization. While this methodology favors users that deployed more capital into the Parcl Protocol, the way early adopters received the most PRCL allocation on a relative basis was to be loyal and consistent (and an HOA holder). For example, there were several sizable loyalty/consistency boosts in efforts to reward early users throughout each season of the Points Trilogy, and these dynamics will remain in place throughout the ongoing Perpetual Points program. Note that Perpetual Points will feature a completely linear distribution for future PRCL incentives.
Distribution details:
- To be eligible for the distribution, users needed to earn at least 6,000 Points. Wallets that did not meet this criteria represented about 25% of total wallets
- Eligible users were broken into three groups based on how many points they earned:
- The top five wallets (above 1.9 billion points) were manually adjusted. These users were allocated 3.75M PRCL, 2.5M, 1M, 1M, and 1M, respectively. Wallets 3-5 were modestly sub-linear.
- 40,000 to 1.3 billion Points (~48% of total wallets): provided a linear distribution proportionate to the number of Points earned.
- 6,000 to 40,000 Points (27% of total wallets) were provided a constant allocation of 20 PRCL tokens. Note that a portion of the redistribution from the top several wallets was directed to this cohort to promote decentralization. The majority of users in this group were above linear.
- Sybil Analysis was run to remove users who were deemed to exploit the Point system brazenly and/or repeatedly failed to adhere to announcements provided by the protocol.
- Certain Sybil groups of LP depositors were combined into a single user. The tokens earned by these users were then treated as a single entity evenly distributed across wallets contained in the group. As a result, many wallets from this cohort will claim less than 20 PRCL tokens.
Parcl partnered with OpenBlock Labs to provide insights, analytics, and economic guidance for the initial retroactive airdrop. The two teams collaborated to build methodologies for understanding user returns and other profile metrics to achieve Parcl’s long-term goals.
Separately, the HOA snapshot is in the books! All HOA holders as of April 11, 2024 have been recorded. Approx. 1,700 @Homeowners (~3,300 NFTs) made the Diamond Hands snapshot. The remaining holder base will receive the Common tier. HOA allocations are as follows:
- Diamond Hands: 655 PRCL
- Common: 420 PRCL
As a reminder, this is in addition to the significant, HOA-only loyalty boosts earned throughout the Points Trilogy. Thanks you to all HOA members for their continued steadfast support!
Lastly, the snapshot for Mad Lads holders was taken on April 5, 2024. Nearly 4,400 unique Mad Lads participated (~6,700 NFTs), meaning that approximately 150 PRCL will be allocated to each participating Mad Lad NFT.
The information provided on this blog is for general informational purposes only and is not intended as investment advice or as a recommendation of any particular security, strategy or investment product. The information on this blog is not intended to be, and should not be, relied upon as a substitute for individualized investment advice. The company and its management make no representation or warranty, express or implied, as to the accuracy or completeness of any information or opinions contained on this blog. Be sure to review all rules & terms that apply to this and any other contest offered by Parcl or its affiliates.
