Binance Launchpad––Binance’s token launch platform for transformative blockchain projects––has announced support for its eighth project of the year, Perlin, a Singapore-based startup behind a new blockchain protocol project. Perlin is developing the Wavelet distributed ledger, built on a new and pioneering ‘leaderless proof of stake’ consensus mechanism developed for easily deploying decentralized apps. Perlin’s Wavelet aims to provide the fastest public blockchain, processing over 31,240 payment transactions per second and finalizing transactions in 1-4 seconds across millions of nodes.
Perlin has secured major partnerships with organizations including the Singapore government, which has provided funding, network and strategic support for Perlin and its service for various financial organizations through Enterprise Singapore, the government agency championing enterprise development. Perlin has recently raised investments from Kakao Investments, Arrington XRP Capital, FBG Capital, and Bitmain, among others. Perlin’s token sale on Binance Launchpad will follow an updated lottery format and begin on August 9, 2019, at 00:00 UTC.
Perlin opens the way for mainstream integration of distributed ledger technology (DLT) in global trade and commerce, by addressing scalability issues and dilemmas plaguing all other public blockchains through Wavelet, which is built on a directed-acyclic-graph (DAG)-based consensus protocol.
“At Binance Launchpad, we continue to support blockchain startups striving to bring sustainable development to the crypto industry and make blockchain technologies more accessible to individuals and companies. Perlin has great potential with its team providing a new blockchain scaling solution and unique leaderless consensus algorithm that will facilitate digital global trade, cloud computing, and other decentralized apps,” said Binance CEO and Founder, CZ (Changpeng Zhao).
Perlin is also focused on attracting developers to its platform and provide them with advanced solutions for building dApps. The platform supports WebAssembly smart contracts, decentralized governance, and system upgradeability. Additionally, since running a Wavelet node only requires 512MB RAM and a healthy internet connection, validators will be able to earn staking rewards using just their phones and laptops.
Perlin will be the eighth project to be hosted on Binance Launchpad this year. The previous project, Wink, successfully completed its token sale in late July, having managed to raise funds from 40,870 investors from around the world.
Learn more about Perlin in Binance Research’s in-depth report: https://info.binance.com/en/research/PERL-2019-08-08.html
About Binance Launchpad
Binance Launchpad is the exclusive token launch platform for entrepreneurs to bring the most transformative crypto projects to life, with the help of Binance users around the world. Projects accepted to launch on Binance Launchpad will have greater access to resources and support from across the Binance ecosystem.
Binance is a blockchain ecosystem comprised of several arms to serve the greater mission of blockchain advancement and the freedom of money. The Binance ecosystem is comprised of Binance Exchange (the leading global cryptocurrency exchange), Labs (venture capital arm and incubator), Launchpad (token sale platform), Academy (educational portal), Research (market analysis), Charity Foundation (blockchain-powered donation platform and non-profit for aiding in sustainability) and Trust Wallet (Binance’s official multi-coin wallet and dApps browser), as well as Binance Chain, a blockchain software system developed by Binance and the community. For more information, visit: https://www.binance.com