A governance token for reliable payments, lucrative rewards and offsetting carbon emissions
TL;DR
- onePERL is our governance token with stable value.
- Use onePERL across the PERL.eco ecosystem.
- Earn ICHI rewards by staking onePERL.
- All carbon emissions from minting onePERL throughout our launch will be offset.
- Do all of these: Stabilise your portfolio, earn rewards and contribute to the environment.
We are excited to announce our collaboration with ICHI, a protocol that created the world’s first Decentralized Monetary Authority (DMA), to launch our new governance token: onePERL.
What can you do with onePERL?
Participate in the governance of PERL.eco using a token with stable value
The onePERL community coin could help you stabilise or diversify your portfolio in times of volatility, and has multiple additional use cases. You can use it as:
- Governance tokens across the PERL.eco ecosystem;
- Collateral under PerlinX UMA rewards program for creation of synthetic assets.
Note: onePERL treasury will be regulated by onePERL holders. PERL will keep its current functionality.
Earn ICHI rewards
PERL.eco and ICHI are running a special 8 week liquidity rewards program for users depositing onePERL that is starting around 22:00 UTC+8 on August 14, 2021. The rewards will be 0.1 ICHI per block to $onePERL depositors in weeks 1–4 and 0.05 ICHI per block in weeks 5–8.
Make a difference
In keeping with PERL.eco’s mission to democratise ecological assets and protect the environment, we pledge to offset all of the carbon emissions arising from the minting of onePERL throughout the launch.
“The market is unpredictable and onePERL can protect against these volatilities, but you can also use it as a governance token across our ecosystem and earn rewards. Most importantly, we’re staying true to our mission,” said Dorjee Sun, co-founder of PERL.eco. “We will be offsetting any emissions that come out of minting onePERL. Earning money and keeping crypto sustainable can co-exist.”
“Our mission is to give any crypto community complete freedom over how to spend, invest, save and otherwise use their money,” said Bryan Gross, ICHI Steward. “We’re thrilled to partner with PERL.eco to release the onePERL token and support its mission to offset greenhouse gas emissions.”
How do I mint onePERL?
You can mint $onePERL on ICHI by providing part $PERL and part $USDC. You pay exactly $1 of value for each $onePERL.
The initial Minting Ratio is 80% $USDC, 20% $PERL.
How does onePERL benefit the PERL.eco community?
ICHI’s DMA means that the individual user does not have to provide excess collateral to obtain the community coin as coins created through its protocol are minted by blending fiat-backed tokens and the community’s native token.
As onePERL is minted by blending USDC and the $PERL token, value is driven back to you, the PERL.eco community.
To increase demand and keep the value locked in PERL tokens, the PERL.eco team is providing $100,000 in PERL for collateral, which will enable the onePERL tokens to be minted using 80% USDC and 20% PERL — and 0% greenhouse gas emissions!
Future plans
We will report back in 6–8 weeks to confirm that we have retired the carbon associated with the minting of onePERL.
Given the chief executive of the Institute of International Finance’s prediction that the voluntary carbon credit market will be a $100 billion a year market by 2050, we are working hard to bring you even closer to the opportunities presented by the carbon markets.
onePERL will offer even more uses and incentives in the future, and these could include:
- Users can participate in loss-less carbon credit lottery
- Users can earn carbon credits if they stake onePERL
- Users can use onePERL as settlement currency for carbon credits
- Protocols or miners can park their funds in onePERL and receive continual carbon offsets.
Stay tuned! Keep in touch with us on Telegram and Twitter.
This article is also available in Simplified Chinese.
Disclaimer: Please be aware that no portion of this article should be construed as financial advice or a solicitation of investment. We recommend that you consult a licensed financial advisor before investing, speculating or trading in any digital currency or in any other asset class. Always do your research and don’t use any funds you can’t afford to lose.
