Binance Launchpad, the exclusive token launch platform of Binance that helps transformative blockchain startups raise funding to develop their products and drive user adoption, has completed the sale of Perlin (PERL) tokens. This is the eighth token sale of Binance Launchpad this year and the fifth token sale under the lottery rules.
The token sale was conducted through a single session where participants purchased Perlin (PERL) tokens using Binance Coin (BNB). In this session, all 86,530,500 PERL tokens were sold to Launchpad participants who drew and claimed winning lottery tickets. In addition, 3,874,500 PERL tokens will be split and airdropped to all Launchpad participants that do not have a winning ticket. Click here for more details of the airdrop.
The timeline below provides an overview of how the Perlin (PERL) token sale was conducted:
August 24, 2019, 00:00 (UTC): Binance Launchpad ended the 15-day period for recording BNB balances on an hourly basis each day.
August 24, 2019, 06:00 (UTC): The ticket claim process opened for all eligible users for a 24-hour period. Users could also sign the Token Purchase Agreement during this time.
August 25, 2019, 06:00 (UTC): The ticket claim process closed. 40,695 users participated in the lottery claiming a total number of 245,602 tickets. Binance Launchpad began the lottery draw.
August 25, 2019, 08:00 (UTC): Binance Launchpad announced that there are 13,400 winning tickets, held by 10,940 total winners. That puts the percentage of winning tickets at 5.46%, among all 245,602 tickets claimed. Lottery winners will get 6,457.5 PERL tokens per winning ticket. The winners’ BNB balances will be deducted based on their number of winning tickets within 24 hours. If you won ticket(s) in the lottery, please ensure that you have sufficient BNB in your account.
August 26, 2019, 08:00 (UTC): Binance Launchpad will airdrop a total of 3,874,500 PERL to the 29,755 participants who did not hold any winning tickets. We will distribute 24.40445446 PERL for each of the 158,762 tickets held by those who did not win in the lottery.
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.
For more information about Perlin (PERL) tokens, read this comprehensive Perlin research paper provided by Binance Research on the project.