After being included on Coinbase’s roadmap for listing, a decentralized platform that trades real estate using smart contracts built on Solana’s platform (SOL), is gaining popularity.
Coinbase Assets announced in a thread posted on social media platform X that it has added decentralized exchange Parcl (PARCL), a DEX to its roadmap. This announcement triggered a rally of nearly 50% within 24 hours.
Coinbase’s listing roadmap is used to ensure transparency, and prevent the insider trade of coins before they are listed. The listing roadmap indicates that the company has decided the asset is likely to be traded in the future.
Parcl, a blockchain-based platform allows users to trade and invest real estate through synthetic assets. They do not need any actual property. Synthetic assets represent real assets such as securities, stocks and properties on the blockchain.
Parcl provides users with global indexes of cities and allows them to purchase tokens which represent an investment in that index.
City Indexes are the total value of all real estate within a city. You can instead of trading individual property, trade an index that represents the average price per square foot, or square meter. This gives you exposure to the entire real estate market for a city .”
Parcl tracks trading in many cities, including New York, Miami Beach and San Francisco. It also monitors trade in Austin, Los Angeles. Chicago, Dubai, Chicago and more.
Parcl was trading at $0.516 as of the time this article is written, down more than 5% for the day.
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The post Solana-based Decentralized Real Estate Trading Platform Rallys After Coinbase Places Altcoins on Listing Roadmap might be updated as new information becomes available.
