Binance Launchpad has undoubtedly created a hype within the cryptocurrency community as the projects initiated through it provide their investors with massive returns. The latest announced project, Perlin, focuses on decentralized cloud and mobile computing and envisions the creation of a pseudo universal basic income (UBI) for device owners. We recently had the chance to interview Perlin’s management team.
Connecting To 45 Million Businesses In 130 Countries
Perlin introduces a leaderless, proof of stake-based smart contract platform which doesn’t use delegation or committees in order to ensure the security properties characteristic of Bitcoin’s network. At the same time, it also provides speed which is comparable to private chains, achieving a massive throughput upwards of 31,000 transactions per second and boasting zero to four seconds finality time continuously.
Before we dive deeper, however, it’s worth noting that the project has already managed to secure substantial funding prior to their Initial Exchange Offering on the Binance Launchpad platform. Back in 2018, Perlin went through three rounds of funding, namely its seed, strategic, and private sale, which raised a combined amount of $46.2 million.
The Singapore-based startup also entered into a number of key partnerships which should allow the project to achieve what it sets out to.
Speaking on the matter was Dorjee Sun, CEO at Perlin, exclusively for Cryptopotato, who noted: “All our partnerships will be game-changers that drive crypto adoption altogether. To give a short context of our partnerships: With the International Chamber of Commerce (“ICC”), they will actively connect us to over 45 million businesses with 1.3 billion employees in 130 countries. Together with the Singapore Government (Enterprise SG), we have established the Centre of Future Trade (“CoFT”), an open digital platform to deploy blockchain commercial pilots and drive innovation in the global commodities industry.”
It’s worth noting that the International Chamber of Commerce (ICC) is the world’s largest business organization.
Going further, the project has partnered up with Dubai’s Chamber of Commerce, the ICC’s Chambers Climate Coalition and, of course, with Binance, the world’s leading cryptocurrency exchange.
“We do not just focus on enterprise adoption as well, we absolutely believe that the key to commercialization is through developers.”, Perlin’s CTO Kenta Iwasaki told Cryptopotato. “With Wavelet, our technology is the first to be truly decentralized, highly scalable and highly secure – not only that, we have effectively mobilized more than 11.7+ million active developers with our WebAssembly support which significantly lowered the barrier to entry for developers to start developing decentralized applications.”
Different Than The Rest
When asked about the differences between major players in the cloud computing field such as GOLEM and Storj, the CEO explained that they are not really competing with the likes of Storj because they are focused on storage. Moreover, he also outlined that Storj has been one of Perlin’s early strategic partnerships as their cloud computing capability actually compliments Storj.
What is more interesting, though, is that Perlin is taking a challenging yet very promising and socially beneficial approach.
“Another big difference is that our vision is the decentralised cloud and mobile compute creating a pseudo universal basic income(“UBI”) for device owners. Imagine the estimated $300Billion cloud market having a proportion redirected to the poorest of the poor.”, according to Sun.
Additionally, the PERL token holders will also be able to run a validator node with minimal hardware requirements (Two CPUs and 512MB of RAM) and join the share of the network’s transaction fees.
Perlin is also in the early stages of the development of a decentralized cloud computing marketplace which is what led to the inception of their Wavelet – an open ledger for the development of mission-critical, scalable, and decentralized WebAssembly applications.
The Work With Binance
On top of all the other impressive partnerships that Perlin has managed to enter into, the fact that their IEO will be hosted on Binance Launchpad only adds more merit.
Sun revealed that they are currently working with the World Economic Forum and the Binance Charity Foundation on an initiative known as the “Global Ledger.” It’s powered by Wavelet and it leverages the growth of information received from nano-satellites, drones, sensors, cameras, and IoT-based devices. It provides open access to Governments, businesses, and NGOs, allowing them to track the performance of sustainability commitments from various fields.
“For example, in the past where car companies have gamed laboratory-based emissions tests, now they would be obliged to put IoT sensors on every vehicle and publish the emissions levels publicly and in real-time on Global Ledger where any NGO, individual or government agency could readily access and see the results.” – Sun Said.
The Coming Up Perlin’s Initial Exchange Offering
Perlin’s IEO is already in its preparation period where Binance takes snapshots of the BNB holdings of each participant to calculate the average amount of their holdings. There are 9 more days left of that.
The lottery draw will take place on August 25th. This time, Binance has once again altered its participation requirements, reducing the amount of winning tickets, as well as increasing the amount and the period for the average holding of BNB.
Each winning ticket will be allowed to make an investment of $500 in the project, which will buy them 6,457.45 PERL tokens at a price of $0.07743 each. The hard cap is $6.7 million and the total supply of PERL tokens is 1,033,200,000.
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