Perion Credits Price (PERC)

About IDO

• All participants to the IDO need to be whitelisted. To whitelist join the discord and access the #ido-whitelist channel
• The IDO event will allow for commitments over a 7 day period, beginning January 21st, followed by a 24 hour last look period
• 4,000,000 PERC will be available throughout the IDO event, with all participants receiving PERC at the same price point of between $1.20 and $4.80
• The final price per PERC is determined by the total number of commitments, capped at $4.80 once commitments reach US $19.2MM
• Once commitments surpass US $19.2MM, up to the US $38.4MM max cap, a proportional private farming split is globally applied
• All event participants will receive the same proportionate split across PERC and the private farming period, with the private farming period lasting 2 weeks
• Individual wallets will be able to commit a maximum of US $100,000 in USDC
• SushiSwap PERC/ETH LP staking and single-sided PERC staking will be launched after the last look period

Mechanics

• Whitelisted participants will be able to commit USDC only
• There is no minimum commitment
• There are several caps on maximum commitments, in order to provide access to all participants, as well as healthy price discovery:
• Individual whitelisted Ethereum addresses will be able to commit a maximum of $100,000 USDC
• A total notional value of US $19.2MM across all participants wallets can be converted to PERC
• The total value that may be committed across all participants over the course of the event is US $38.4MM
• If commitments total <$4.8MM USD, the PERC price will be $1.20
• PERC will begin limited price discovery up to $4.80, until a time commitments surpass US$19.2MM. Commitments beyond US $19.2MM will not increase the price of PERC

About Perion

Perion is a decentralized autonomous organization (DAO) that purchases, leases and manages NFT assets, for use in play-to-earn economies. Perion engages gamers as independent contractors, allowing them to leverage their skillsets to earn exceptional remuneration. Perion is built upon a community of globally ranked gamers, skilled developers and finance professionals.

Perion connects the best gamers in the field with a rapid turnover tech pipeline and training programs that continue to foster the highest achieving player-base in the play-to-earn ecosystem

In leveraging its collective strengths in metagame analysis and resource allocation, Perion will seek out supernormal returns and create ideal scenarios for our vast network of dedicated members to participate in the play-to-earn ecosystem.