PERL Token 101
Everything you need to know about the PERL token in one place.
In this post, we will be discussing everything to do with the PERL token as seen by the following list:
- Token Information
- What is a PERL and what can I use it for?
- Token Distribution
- Past Token Sales
- Public Sale Details & Listing
PERL operates as the governance token of the DAO, which plays a critical role in determining the incentive system, building a wide base of stakeholders, and facilitating economic value flow in the network. PERL holders get to vote on this fee model and distribution, as well as other important decisions.
PERL tokens were sold between 2017 and 2019 in 3 distinct rounds at different stages of the project. The prices were determined the stage of the project and the development of the technology at the time. All prices are $USD.
- Seed Round (2017) - $0.06 This was the very first round to get started on the project and make the first few hires for the Perlin team.
- Strategic Round (2018) - $0.12 After significant traction and the first few code reviews, we raised a strategic round open to stakeholders that would help in the project's long term growth. As such, there was a strict selection criterion for those who bought tokens at this stage.
- Private Round (2018-2019) - $0.20 Finally, the last round was raised in the middle of 2018, which was open to other institutional parties and we also had a strict selection criterion since there was an extremely high demand at this round.
- Public Initial Exchange Offering (August 2019) - $0.07743 This is the round offering to the public through Binance Launchpad.
- Private ⅓ of tokens will be available immediately then the rest of the tokens will be unlocked in 6-month stages.
- Strategic Round 40% of tokens will be available immediately then the rest of the tokens will be unlocked in 6-month stages for 1.5 years.
- Seed Round No tokens are released for the first year. From the 2nd year onward, tokens are released over 2.5 years in 20% instalments.
- Team Tokens No tokens are released for the first 6 months. From the 7th month onward, tokens are released over 4 years.
- Early Adopters & Advisor Tokens No tokens are released for the first 6 months. From the 7th month onward, tokens are released over 4 years.
- Tokens Available: 86,530,500
- PERL Price - $0.07743