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 the 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
0	Aug 2019	86,530,500	28,791,840				80,548,272	65,866,500
6	Feb 2020		28,791,840	12,915,000	4,843,128		40,274,136
12	Aug 2020		28,791,840	19,372,500	4,843,128	41,328,000	40,274,136
18	Feb 2021			24,215,625	7,264,689	41,328,000	40,274,136	37,884,000
24	Aug 2021			22,601,250	14,529,375	41,328,000		51,660,000
30	Feb 2022			19,372,500	19,372,500	41,328,000		42,189,000
36	Aug 2022			19,372,500	19,372,500	41,328,000
42	Feb 2023			19,372,500	29,478,480
48	Aug 2023			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