Pericles token (PERL)

The Pericles token (PERL) is the primary token supporting the Pericles Project ecosystem. The PERL acts as the central tool for participation in the decentralized community, allowing its holders not only to engage in voting, managing and contributing to projects but also to take full control over the management of ecosystem projects. This gives holders the ability to have complete control over all ecosystem functions, ensuring continuous growth and prosperity. The PERL token is built on the Cardano network, ensuring secure and transparent transactions through smart contracts, allowing users to participate in key decisions and contribute to the development of new projects.

PERL Token information

  • Initial supply: The total initial supply of PERL is set at 10,000.000000 tokens.
  • Subdivisions: The PERL token is subdivided into pearls, with 1,000,000 pearls equaling 1 PERL.
  • Decimal places: Each PERL can be subdivided up to 6 decimal places, with the smallest unit being 0.000001 PERL.
  • Minting and burning restrictions: For the first year after the creation of the PERL token, minting or burning will not be permitted. After this period, minting and burning processes will be governed by community decisions, which will be executed through smart contracts. This approach empowers the community to have direct control over the token supply through decentralized governance mechanisms.

Token distribution goals

The distribution of PERL tokens is designed to ensure the sustainable growth and active participation of the community in the Pericles ecosystem. By carefully allocating tokens to various categories, the project aims to:

  • Liquidity pool: A portion of tokens is allocated to the liquidity pool to facilitate easy access for community members and promote healthy market activity.
  • Airdrops: Pericles project airdrops will be distributed on a monthly basis during phases 1 and 2 to those holding PERL tokens from the liquidity pool.
  • Community rewards: A significant share of the tokens is reserved for community rewards, ensuring that active participants are incentivized to contribute to the project' success.
  • Development: Development funds are allocated to ensure the continuous improvement of the Pericles platform, including technological advancements, upgrades, and new features.
  • Marketing: A dedicated portion of the token supply will be used for marketing efforts to raise awareness of the Pericles Project and attract new users to the ecosystem.
  • Treasury: The project will also reserve tokens in the treasury to fund future initiatives and proposals, governed by the community, ensuring long-term growth and adaptability.
Token Distribution Chart

Liquidity pool (15%)

PERL tokens will be allocated to the creation of a liquidity pool in the early days of the Pericles Project. The goal is to provide the community with easy access to PERL tokens and encourage active participation from the beginning. The Liquidity Pool will enable community members to become part of the initial phase of the ecosystem and facilitate their involvement in the ecosystem’s development.

Airdrops (12.5%)

PERL tokens will be distributed as monthly airdrops during the initial stages of the Pericles Project. These airdrops are designed to reward early adopters and active participants who hold PERL tokens. The amount of airdrops received will be proportional to the duration for which a participant holds the tokens. The percentage of airdrops will decrease each quarter, with 25% of the allocated tokens distributed in the first quarter, 12.5% in the second quarter, 6.25% in the third quarter, and 3.125% in the final quarter. Holders will benefit from ongoing rewards while contributing to the early development and growth of the ecosystem.

Community rewards (22.5%)

Community rewards will be activated with the launch of the voting processes, providing an additional incentive for PERL holders to participate. These rewards are designed to encourage active involvement in governance, as holders will not only have a say in the ecosystem' direction but also benefit from their participation. Once the voting begins, PERL holders will establish the complete set of operational rules for the ecosystem. The distribution of community rewards will be governed by a dedicated smart contract, ensuring transparency and fairness throughout the process. This mechanism promotes a decentralized governance model, where the community shapes the future of the Pericles Project while being rewarded for their contributions.

Development (18%)

Development funds will be allocated to support the continuous growth and technical advancement of the Pericles ecosystem. These funds will be used for the creation and maintenance of smart contracts, platform upgrades, and the integration of new features that enhance the ecosystem' functionality. The distribution of development funds will be governed by a smart contract to ensure transparency and accountability. As the ecosystem evolves, these funds will play a crucial role in driving innovation and ensuring the long-term success of the Pericles Project.

Treasury (22.5%)

The Treasury funds will serve as a reserve to ensure the long-term stability and sustainability of the Pericles ecosystem. These funds will be managed by a dedicated smart contract, with transparent governance mechanisms in place to allow the community to vote on their usage. The Treasury will be used for strategic investments, ecosystem expansion, and to support unforeseen circumstances or future development needs. This reserve ensures that the Pericles Project remains resilient and adaptable, providing financial security for the ecosystem as it continues to grow and evolve.

Marketing (9.5%)

Marketing funds will be allocated to promote the growth and visibility of the Pericles Project, helping to attract new participants and expand the ecosystem. These funds will be used for various marketing initiatives, including advertising, community outreach, partnerships, and campaigns designed to raise awareness about PERL and its benefits.