PERL Token 101

Everything you need to know about the PERL token in one place.

More information can be found in the official Binance Report: https://research.binance.com/en/projects/perlinx

Overview

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

What is a PERL and what can I use it for?

On PerlinX, PERL can be used as a liquidity and a collateral asset. You may stake PERL to provide liquidity to the PerlinX platform and receive rewards for doing so, or you may collateralize your PERL in order to generate synthetic assets eg. pxCarbon, pxGold, pxOil.

Initial Token Distribution

Area

Percentage (%)

No. of Tokens

Binance Initial Exchange Offering

8.38%

86,530,500

Private Round

8.36%

86,375,520

Strategic Round

19.49%

201,370,680

Seed Round

20.00%

206,640,000

Early Adopters / Advisors

9.65%

99,703,800

Team

15.00%

154,980,000

Treasury

19.12%

197,599,500

TOTAL

100%

1,033,200,000

Token Sale Information

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 development of the technology at the time. All prices are in $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 would help in the long term growth of the project. 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 public through Binance Launchpad.

Token Unlock Schedule

  • 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.

Months after Listing

Public Sale

Private Sale

Team

Early Adopters/ Advisors

Seed Sale

Strategic Sale

Token Treasury

1

86,530,500

28,791,840

80,548,272

65,866,500

2

3

4

5

6

7

28,791,840

12,915,000

4,843,128

40,274,136

8

9

10

11

12

13

28,791,840

19,372,500

4,843,128

41,328,000

40,274,136

14

15

16

17

18

19

24,215,625

7,264,689

41,328,000

40,274,136

37,884,000

20

21

22

23

24

25

22,601,250

14,529,375

41,328,000

51,660,000

26

27

28

29

30

31

19,372,500

19,372,500

41,328,000

42,189,000

32

33

34

35

36

37

19,372,500

19,372,500

41,328,000

38

39

40

41

42

19,372,500

29,478,480

43

44

45

46

47

48

17,758,125

TOTAL

86,530,500

86,375,520

154,980,000

99,703,800

206,640,000

201,370,680

197,599,500

%

8.38%

8.36%

15.00%

9.65%

20.00%

19.49%

19.12%

Public Sale Details

  • Tokens Available: 86,530,500

  • PERL Price - $0.07743

Launchpad Page: https://launchpad.binance.com/en/lottery/8459a668fdec4c39bca47f7d02224df4#lpd1