- 1 So what is Perion?
- 2 What’s it all for?
- 3 How does the Perion DAO function?
- 4 Key Aspects
- 5 Tokenomics of Perion
- 6 DAO Structure
- 7 Goals
- 8 Pools
- 9 Smart contracts
- 10 Functions and oversight
- 11 CoreDAO
- 12 GameDAO
- 13 Roadmap
- 14 Team
- 15 Consultants
NFT gaming has unlocked the potential of blockchain, creating a point of convergence between developed and developing countries through collaborative interaction in NFT gaming ecosystems, offering an accessible channel through which funds can flow between economies on a global scale. In a future world, once-forgotten communities of gamers can become the driving force behind economic prosperity.
In the old gaming systems, payments were a one-way mechanism, transferring assets from gamer to developer. Moving to the present day, one can see the potential for a transparent digital economy where users get real payment for their time, skills, and dedication. Transactions are secured via blockchain, and players gain digital ownership of their in-game items.
Overall, the NFT, P2E and meta-universe market is in its infancy and is currently dominated by a few pioneering companies. We are witnessing the beginning of a new wave of innovation for one of the largest industries in the world, opening up significant opportunities. As of 2021, there are 2.81 billion gamers worldwide.
So what is Perion?
Perion is a decentralized autonomous organization (DAO) that buys, leases and manages NFT assets for use in the play-to-earn ecosystem. Perion engages gamers as independent contractors, allowing them to use their skills for profit. Perion is built around a community of globally ranked gamers, skilled developers and financial professionals.
Perion advantages have several principles:
- games are won by skill
- technology enhances efficiency
- the most important thing is the team
What’s it all for?
Most Perion players come from developing countries. NFT gaming represents an invaluable opportunity, allowing these players to earn and open once-closed doors. While this space currently provides opportunities for all participants, Perion believes that it will inevitably strive for efficiency. Through this change, Perion wants to establish itself as a major player in the ecosystem and give its team every opportunity to succeed and become leaders in the future.
How does the Perion DAO function?
Perion consists of two separate DAO structures working in tandem to meet the needs of the organization.
CoreDAO seeks to harness the economic potential of the Metaworld and functions as a revenue-generating arm of the organization. Economic activities are conducted within CoreDAO’s treasury and currently include:
- NFT leasing;
- Purchase of NFT assets, tokens and SAFTs;
- In-game activities;
- Racing (Zed run game);
- Streaming payments;
- Capital rotation between USD and ecosystem tokens;
- Acting as a venture capitalist / lunchpad using community and understanding of p2e mechanics.
Future plans include :
- Long term strategic holding of gaming assets and NFT;
- Promotional partnerships with NFT game platforms;
- Creating in-game NFTs, apparel, and content;
- Creating and executing NFT game-related events;
- Developing addictive process in pay-to-play games (Sandbox, etc.);
- Creating NFT game tools, software, and financial tools.
GameDAO will function as the distribution arm of the Perion ecosystem; it will seek to directly develop innovative ways to collaborate with third-party NFT games and blur the line between revenue sharing and gaming.
A key aspect for Perion is how to make the best use of assets today. Perion expects the NFT gaming space to evolve rapidly, and like any new market, it will be full of opportunities and risks. Perion plans to take justifiable risks and take a “quality first” approach, because when the NFT gaming market starts moving toward efficiency, only the most efficient ones will survive.
Great approach in my opinion.
Tokenomics of Perion
Allocation of tokens:
Total tokens: 100,000,000 (PERC)
3% unlocking after 6 months. Remainder: 1 year lock-in. Once locked, tokens are released linearly over a 3-year vesting period.
Private rounds: 24.33%
Seed round: 10%. 10% unlocking on TGE. Remainder: 1 year lock-in. Once locked, tokens are unlocked linearly for 1 year of vesting.
Early Access: 14.33%. 10% unlocking on TGE. Remainder: 1 year lock-in. Once locked, tokens are released linearly over 1 year of vesting
Advisors: 3.5%. 1 year lockout. After locking, tokens are released linearly during 2 years of vesting
Community / Partners: 39.17%
4% IDO. Instant unlock.
1% Community Airdrop. Instant unlock
9.17% Strategic Partners. Instant Unlock*
10% Steaming and participation rewards. 4 years vesting
15% Contests, promotions, giveaways, leaderboard rewards. 4 years vesting
Treasury: 15%. No lock-in period, for use at treasury’s discretion.
PERC token usage
PERC primarily functions as a Perion ecosystem management token, and subsequently provides economic incentives that will be distributed to encourage contribution and participation in the Perion ecosystem, thus creating a mutually beneficial system where each participant is fairly rewarded for effort. PERC is an integral and indispensable part of Perion – without PERC, users would have no incentive to spend resources, participate in activities, or provide services for the benefit of the entire Perion ecosystem. Given that additional PERC will only be awarded to a user based on their activity and effort for Perion and/or in proportion to the frequency and volume of transactions, Perion users and/or PERC owners who have not actively participated will not receive any PERC rewards.
The overarching goal of Perion’s merged DAOs is a system that gives experienced players a chance to change their destiny in the world of competitive gaming in order to make money from the games. By combining several new structures, Perion seeks to harness the abilities of players and community experts and explore the potential of a community-driven organization.
Each pool in Perion’s DAO ecosystem represents a Gnosis-safe. Determining whether a pool falls under the GameDAO or CoreDAO governance model reflects their individual use cases and desired outcomes in terms of balancing economic decision-making and community engagement.
The Perion ecosystem will be designed to use smart contracts for all processes, eliminating the need for controlling and responsible authorities. This will be an ongoing process and will be at the forefront of all future developments.
Functions and oversight
The primary function of the treasury is to oversee CoreDAO assets and maximize the opportunities available to all DAO members, within the play-to-earn ecosystem. Initially, the treasury will be overseen by the core Perion team, but as CoreDAO governance is launched, decisions related to the distribution of rewards and the acquisition of play-to-earn assets will be made by the community in the CoreDAO division by voting for changes.
CoreDAO will gradually evolve and function as an autonomous entity governed by a CoreDAO unit elected by the DAO community through voting using the PERC management token.
Perion will initially have limited voting functions, but its goal is to transition to a decentralized, self-managed DAO in accordance with the rules, in particular ensuring that PERC is not considered a security and/or share-like share under any circumstances.
Voting rights in the management of CoreDAO will be directly dependent on the PERC’s said. Token holders will vote to elect unit members, who in turn will carry out the development of the project as directed by the community.
Voting rights are proportional to PERC’s sais and this system of vote distribution has been agreed upon as a safe method of managing CoreDAO member elections, as it can reasonably be assumed that the holders will be the most involved when considering the robust functioning and governance of the ecosystem. Acting on their diverse experience, these individuals will serve all DAO members.
GameDAO is a great solution because it extends the use of the PERC token.
The distribution of GameDAO tokens and overall management will be done through a voting mechanism, which is ensured by the placement of PERC tokens. This ensures the participation of all DAO members and a fair distribution, maintaining the spirit in which the project is conceived.
The interconnectedness of DeFi and NFT games leaves a great deal of room for ways to distribute tokens. It could be any number of methods, including partnering with NFT game platforms, developing your own contests, and NFT.
The most important requirement for GameDAO PERC distribution will be that it occurs in a format that is inclusive to all participants in the ecosystem.
The total cost of PERC payouts will be tied in part to the size of the PERC stack, though it will ultimately depend on gaming prowess.
Amos Whitewolf – Amos lives and breathes games – his knowledge has enabled Perion to develop systems that allow players to succeed at the highest level.
Mitch Penman-Allen – Mitch has a deep understanding of markets and investment strategy development. He has a well thought out and pragmatic approach to risk and risk control and is well versed in portfolio construction.
Jan Hartmann – Jan discovered his passion for cryptocurrencies in early 2017 when he joined Bitcoin Australia as a project manager. Since then, he has held many roles in the industry, from managing payments for crypto-assets globally to being directly involved in the transformation of Bitcoin Australia into Banxa. With Ian at the helm of business development, Banxa has evolved into a global payment service provider for the digital asset industry, serving major global exchanges including Binance, KuCoin, ByBit, OKEx and many others. Jan brought with him a wealth of connections and business know-how.
Daniel Maegaard is an NFT pioneer who needs no introduction. He owns the rarest Cryptopunk, has been featured in many articles, and holds a respected place in the NFT community.
Rupert Hackett is the co-founder of Caleb and Brown, Australia’s largest crypto-asset broker. In conjunction with his work at C&B, Rupert is a thought leader.
Chris Laurent is the CEO and co-founder of Virtually Human Studio, the creator of ZED RUN. Chris is an innovator with a decade of experience in the creative and technology industry and has previously co-founded several successful startups.
Henrik Andersson – Henrik has more than 17 years of experience in global financial markets, with nearly a decade on Wall Street. Henrik has extensive experience across three continents as a quantitative analyst, senior research analyst and in institutional equity sales.
Joshua Green – Josh spent 2 years as Head of Trading at Digital Asset Capital Management, where he was responsible for cryptocurrency trading and portfolio management across linear, synthetic and options strategies. Prior to that, Joshua had 5 years of experience as a macro portfolio manager in ANZ’s in-house proprietary trading division.