Perion
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Ecosystem token

Perion Credits (PERC)

The native cryptographically-secured, fungible protocol token of Perion, Perion Credits (PERC) is a transferable representation of attributed governance and utility functions specified in the protocol/code of Perion, and is designed to be solely used as an interoperable utility token therein. PERC would facilitate the governance and evolution of the community managed DAOs and create novel ways of rewarding gamers for their skill

Distribution

Total: 100,000,000 (PERC)

Founders: 18%

  • 3% unlocked after 6 months
  • Remainder: 1 years lockup
  • After lockup tokens release linearly over 3 year vesting period

Private rounds: 24.33%

  • Seed round: 10%
    • 10% unlock at TGE
    • Remainder 1 year lockup
    • After lockup tokens release linearly over 1 year vesting period
  • Early access: 14.33%
    • 10% unlock at TGE
    • Remainder 1 year lockup
    • After lockup token release linearly over 1 year vesting period

Advisors: 3.5%

  • 1 year lockup
  • After lockup tokens release linearly over 2 year vesting period

Community / Partners: 39.17%

  • 4% IDO
    • Immediate unlock
  • 1% Community Airdrop
    • Immediate unlock
  • 9.17% Strategic partnerships
    • Immediate unlock*
  • 10% Staking and participation rewards
    • 4 year vesting
  • 15% Competitions, promotions, giveaways, leaderboard incentives
    • 4 year vesting

Treasury: 15%

  • No lockup period, for use as outlined in treasury documentation
*Any tokens allocated from the strategic partnership allocation will be distributed through a vesting schedule, they will not be sold on the open market

PERC token usage

PERC primarily functions as the Perion ecosystem governance token, while subsequently providing economic incentives that will be distributed to encourage maximum contribution and participation to the Perion ecosystem, thus creating a mutually beneficial system where every participant is fairly rewarded for effort
PERC is an integral and indispensable part of Perion--Without PERC, there would be no incentive for users to expend resources, participate in activities, or provide services for the benefit of the overall Perion ecosystem. Given that additional PERC will be awarded to a user based only on their activity and efforts made for Perion and/or proportionate to the frequency and volume of transactions, users of Perion and/or holders of PERC who did not actively participate will not receive any PERC incentives
Notes:
i) PERC does not in any way represent any shareholding, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will PERC entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in any relevant jurisdiction. PERC may only be utilised on Perion, and ownership of PERC carries no rights, express or implied, other than the right to use PERC as a means to enable usage of and interaction within Perion
ii) All token vesting will be managed via https://sablier.finance
Last modified 2d ago