Find Parsl on the web here www.parsl.co
Join us on telegram here: https://t.me/parslio
PARSL RewardDrop update
What is PARSL?
Parsl is a platform that utilises leading edge technologies to create a supply chain that is efficient, transparent and safe.
The cannabis industry faces many varied challenges with different rules and regulations around the world. This includes banking, product and financial tracking, compliance, legitimacy, safety, marketing, packaging and a lack of standardisation.
Parsl has developed a unified approach that will pave the way for greater standardisation across the cannabis industry. This will be achieved through the deployment of the ITHACA eco-system, a platform which customises Parsl’s technology for the cannabis industry.
What is a rewarddrop?
The traditional airdrop model is broken. EOS holders receive airdrops and quickly send them to market not taking the time to engage the community or really find out about what the project stands for. At Parsl, we wanted to engage the EOS community but also create a chance for an equitable and fair stake and reward those who follow the project and support our mission and goals.
The rewarddrop will be distributing 900 million tokens in monthly airdrops over the course of the next 12 months.
The SEED utility token/ Rewardrop quick facts
PARSL uses a dual token economy. One is a stable coin used for transactions while SEED is the main token used to pay for access to the platform and pay for subscriptions. The value of the SEED token will be dictated by the free market economy and token holders will later be entitled to a portion of inflation through a staking mechanism, when the platform is live and functional. Inflation will be set at five percent 5% per year.
– 2 billion
Allocated for initial airdrop and 11 subsequent monthly airdrops
– 900 million
– 500 million
Marketing and platform development
– 250 million
– 250 million
ITHACA foundation (supporting advocacy and awareness of the legalization of medical marijuana)
– 100 million
You must hold over 100 EOS in your account to be eligible. For people with less than 100 EOS, read about the SEEDgrab at the bottom of this article.
1000 tokens will be dropped to each EOS account based on the snapshot taken on October 24th, 2018
RewardDrop Distribution date: October 29th, 2018
Exchange accounts will have their tokens held in escrow, until that exchange publicly agrees to support the airdrop.
Why ongoing Rewardrops?
After our initial distribution is done, we want to ensure we incentivize our SEED token holders to enjoy the developments and participate in the platform for the long haul.
Over the course of the following 11 months we will be doing monthly airdrops based on your weekly average holdings of SEED tokens.
An unannounced snapshot will be taken each week and your share of the monthly airdrops will be based on an average of the four snapshots. SEED purchased on exchanges will be eligible towards your totals but even those who hold the initial airdrops will be rewarded for doing so with more SEED tokens.
Hold more SEED, get rewarded with more SEED tokens. Our thanks to you for being a part of our community
What do I need to do?
Because we want to encourage participation, each subsequent drop after the first will be dependent on the completion of a quick task (fast survey or social share – which may vary from month to month and have multiple options). Log in, complete the quick task, and ensure you get your distribution for being a loyal participant in our token economy
Support the project and get bonuses
Not only are we going to thank you for your support by holding our tokens, we are going to reward the top SEED token holders with bonuses.
Each of the 11 drops after the initial one will be allocated 70 million SEED tokens, as follows
-50 million SEED tokens are airdropped evenly to all accounts
-15 million SEED tokens will be airdropped evenly to accounts in the top 25% of SEED token holdings
-5 million SEED tokens will be airdropped evenly to accounts in the top 5% of SEED token holdings
The additional SEED airdrops are a way of incentivizing our supporters to follow through with the project and stay engaged and excited with updates while promoting a stable token economy for our investors.
If you have less than 100 EOS in your account at the time of the initial Parsl snapshot, then you are eligible for the Parsl SEEDgrab. To participate, you must register before the 1st of January and you will be part of the pool of users that receive a reward.
If you had over 100 EOS in your account at the time of the initial Parsl snapshot, then you are not eligible for the SEEDgrab.
There are 10,000,000 SEED tokens allocated for the Parsl SEEDgrab. When registration closes, all 10 million SEED tokens will be evenly split between all of the users that have registered. The tokens will be available in wallets on by 1st February.