Perlin (PERL) IEO
August 24, 2019 - August 25, 2019
Sale Type: IEO
IEO Exchange: Binance Launchpad
Short Description: A scalable PoS smart contract platform
Category: Enterprise Blockchain
Hard Cap: $52,950,000
- Bosnia and Herzegovina
- Congo, Republic of the
- Myanmar (Burma)
- Korea, North
- Côte d’Ivoire
KYC/AML Required: yes
Token price in fiat pre-sale: $0.2
Token price in fiat ICO: $0.07
- Offers scalable, leaderless, PoS smart contract platform
- Platform ensures security properties of Bitcoin with private chain speed
- Company has established relationships with distribution partners
- Team is highly skilled in blockchain development
Perlin (PERL) offers a scalable, PoS smart contract platform with a throughput of 31,000+ TPS and a zero to four-second time to finality, made possible by its DAG-based consensus mechanism known as Wavelet. Perlin uses a leaderless PoS protocol, without delegation. The Perlin platform is intended to provide the security of the Bitcoin blockchain, but with much quicker speeds.
The Wavelet emphasizes minimal configuration, resource consumption and system requirements in order to prohibit only a certain demographic (i.e. the ultra-wealthy) from benefiting from its decentralized network, while also allowing for a large diversity of decentralized applications to be built.
Wavelet uses a secure pruning mechanism that reduces system requirements for running a full Wavelet node, requiring users only have an internet connection and 512 MB of RAM. There are no committees nor leaders and no trust required; Wavelet is open, permission-less and functions on a fair, green voting protocol where noes are incentivized through rewards.
The PERL token is built on the Ethereum network, and Perlin is launching an IEO on Binance's Launchpad, with additional information in the above tabs.
Company has established distribution partners and team is highly skilled in blockchain development
Perlin's global distribution partners include the Dubai Chamber of Commerce, the International Chamber of Commerce, Telkom Indonesia, Diginex, DX Exchange and more. Thanks to the company's connections, organizations and communities around the world are ready to deploy Wavelet. Perlin is committed to building a DLT network that 45 million ICC members can experience, not just large corporations with big pockets.
The Perlin team is highly skilled. CEO Dorjee Sun has led numerous successful projects in and outside the space, and was COO of the successful crypto data platform, Santiment.net. CTO Kenta Iwasaki has participated in projects in conjunction with IBM, General Electric, the University of Pennsylvania and more.
Possible red flags to look out for:
Perlin has a promising product, but it also has a lot of competition in the space with other companies all trying to build the "Ethereum Killer." While many IEOs on Binance launch successfully and provide a positive return on investment for IEO investors, it's worth noting that 50% of the total token supply has already been sold to ICO investors, meaning potentially all tokens have been unlocked for trading. Further, Perlin has already conducted three rounds of funding throughout 2018.