PERP Token

Overview
PERP is Perpetual's native protocol token and is issued by Perpetual DAO.
The PERP token is a standard ERC-20 token on Ethereum.
Token contract address: 0xbc396689893d065f41bc2c6ecbee5e0085233447
The PERP token is primarily a utility token designed to facilitate and incentivize the decentralized governance of the protocol. As such, holders of PERP tokens accrue voting rights proportional to their holdings.
To incentivize governance participation, we have designed the following incentive structure:
Staking rewards & trading fee rewards increase > 2. PERP token value increases > 3. PERP token awareness increases > 4. Protocol awareness increases > 5. Trading volume increases > 6. Trading fees increase > Back to 1.
In addition, the Perpetual Protocol team marketing efforts, as well as programs such as Transaction Mining, feed into this loop.
Token links
 - Coin Gecko
 - Etherscan
 - CoinMarketCap​
Token specs 
Token Name
Perpetual Protocol Token
Token Ticker
PERP
Token Type
ERC-20
Token Supply
150,000,000
Use Cases
Governance
Once PERP token holders have staked their tokens, they can then use their staked PERP tokens to vote on or propose new ideas that can be used to improve Perpetual Protocol. Before the on-chain governance voting platform is ready for PERP token holders, core protocol contributors will guide critical decisions. We believe it’s important to keep governance nimble in the early days of the Perpetual Protocol.
You can learn more about the governance plan here.
Staking
PERP holders can lock-up, or “stake,” their PERP for a fixed amount of time in the Staking Pool. In return, stakers receive rewards. Learn more 👉 Staking.
Exchange backstop
In extreme cases, the exchange insurance fund may be depleted. In such an event, PERP tokens may be sold at market in order to make up for any shortfall.
PERP Token Distribution
Lot
Description
Balancer Liquidity Bootstrapping Pool (LBP)
​
7,500,000 PERP tokens (5.0%)
Balancer LBP token launch, held September, 2020.
Seed investors
​
6,250,000 PERP tokens (4.2%)
Binance Labs, invested in early protocol development in 2018.
Note: tokens are vested; 25% unlocked at mainnet launch; see release schedule below.
Strategic investors
​
22,500,000 PERP tokens (15%)
Strategic investors, to the extent they fully exercise their rights to purchase PERP tokens.
Note: tokens are vested; 25% unlocked at mainnet launch; see release schedule below.
Team & advisors
​
36,000,000 PERP tokens (21%)
Team helps launch the initial version of Perpetual Protocol and other initiatives beneficial to the protocol.
Note: tokens are vested; progressive unlock begins 6 months after mainnet launch; see release schedule below.
Ecosystem & rewards
77,750,000 PERP tokens (54.8%)
Ecosystem and rewards, which will benefit traders, stakers, and community developers who participate in the Perpetual Protocol ecosystem. 
As Perpetual Protocol transitions to community governance, distribution of ecosystem rewards will be decided by the Perpetual Protocol community.
The total PERP token supply is set at 150,000,000. The token supply can be inflated via two mechanisms, both of which have a low chance of occurring: Governance may decide to mint more tokens; the insurance fund is exhausted and PERP are minted to make up the shortfall.
PERP Release Schedule
Different lots of PERP tokens unlock at different times, according to their purpose.
Token release schedule
Balancer Liquidity Bootstrapping Pool
​🔓 No lockup -- tokens are liquid upon purchase.
Team and advisors
​🔒 Team tokens begin unlocking 6 months after mainnet launch at a rate of 2.1% per 3-month period.
​🔓 Unlock period begins June 15, 2021
Seed and strategic investors
​🔒 Seed and strategic investors receive 25% of their tokens at mainnet launch, and 25% per 3-month period afterward.
​🔓 Unlock period begins December 15, 2020
Ecosystem and Rewards
​🔓 Tokens are unlocked according to votes by governance.
Comparison with other projects
Below is a Google Spreadsheet with PERP’s new token distribution and a comparison to other recently launched IDO projects.
Token Distributions of Related Projects​

Funding Payments

Next - Getting Started

Limit Orders

Last updated 1 month ago

Token Name	Perpetual Protocol Token
Token Ticker	PERP
Token Type	ERC-20
Token Supply	150,000,000

Lot	Description
Balancer Liquidity Bootstrapping Pool (LBP)	7,500,000 PERP tokens (5.0%) Balancer LBP token launch, held September, 2020.
Seed investors	6,250,000 PERP tokens (4.2%) Binance Labs, invested in early protocol development in 2018. Note: tokens are vested; 25% unlocked at mainnet launch; see release schedule below.
Strategic investors	22,500,000 PERP tokens (15%) Strategic investors, to the extent they fully exercise their rights to purchase PERP tokens. Note: tokens are vested; 25% unlocked at mainnet launch; see release schedule below.
Team & advisors	36,000,000 PERP tokens (21%) Team helps launch the initial version of Perpetual Protocol and other initiatives beneficial to the protocol. Note: tokens are vested; progressive unlock begins 6 months after mainnet launch; see release schedule below.
Ecosystem & rewards	77,750,000 PERP tokens (54.8%) Ecosystem and rewards, which will benefit traders, stakers, and community developers who participate in the Perpetual Protocol ecosystem. As Perpetual Protocol transitions to community governance, distribution of ecosystem rewards will be decided by the Perpetual Protocol community.