On March 31st, 2023, Parcl will be updating Price Feed methodology to provide you with an even better trading experience. This update is part of our ongoing commitment to delivering the most accurate and reliable data for our users. In this blog, we would like to share the reasons behind these changes, how they will benefit your trading experience, and what actions you need to perform to take advantage of this upgrade.
What this means for traders?
- Increased Accuracy: Our upgraded price feeds will offer more accurate data, ensuring that your trades are based on the most precise representation of the real world property market.
- Expanded Market Coverage: Introduced a more scalable approach to support additional price feeds. This will allow for a more efficiency when adding new markets to Parcl.
- Improved Market Insights: The updated price feeds will include a wider range of data points, allowing you to gain more comprehensive insights into global real estate markets. This information will enable you to make more informed decisions when investing or shorting properties directly from the Details page.
How to upgrade to the new price feeds.
Upgrading to the new price feeds is easy. All current traders will need to close all open positions before using the upgraded price feeds.
- Visit app.parcl.co and connect your wallet
- A notification will appear about the update
- Close any open positions. Utilize the “Close All Positions” button to close all open positions at once. Note: this action cannot be undone.
- Thats it, you’re done! Now, all new positions opened will be using the new price feeds.
We want to ensure a smooth transition as we implement these updates, and we encourage you to reach out to our customer support team if you have any questions or concerns. Our team is always here to assist you and ensure that you continue to have a seamless real estate investing experience with Parcl.
We are confident that these improvements to the Parcl Price Feeds will further solidify our platform as a leader in the real estate investing space. Our goal is to provide the best tools and resources for our users, and we believe that these changes will help us achieve that.
As we continue to innovate and develop new features, we want to thank you for being a part of the Parcl community. We appreciate your support and look forward to helping you build generational wealth through real estate investing.
The Parcl Team