Singapore is already the epicenter of blockchain technology development and with user-centric projects lined up, Binance fans can look forward to getting amazed yet again after the success of Wink’s token sale. Binance Launchpad will conduct the Perlin (PERL) token sale through a lottery and airdrop format.
Binance launchpad announced support for the eighth consecutive project this year – Perlin – a Singapore-based startup behind a new blockchain protocol project.
This news was shared over the official Twitter handle of Binanace,
“#Binance Launchpad announces @PerlinNetwork token sale. Perlin has secured major partnerships with organizations including the Singapore government & recently raised investments from Kakao Investments, @arringtonXRPcapl, & @BITMAINtech, among others.”
Perlin is in the works of developing Wavelet, a distributed ledger that is entirely built upon Proof-of-Stake consensus mechanism. This developed ledger can be used for easing the process of deploying the DApps. Perlin’s Wavelet is directed towards providing the fastest public blockchain. It targets to process over 31,240 payment transactions per second in addition to finalizing transactions within 1-4 seconds across millions of nodes. Wavelet is specifically designed, for addressing scalability issues and dilemmas plaguing all other public blockchains, with the aim of opening the gate for mainstream adoption of Distributed Ledger Technology [DLT].
In addition to this, Perlin has plans to attract app developers towards its platform by providing advanced solutions for building DApps. It is important to note that, validators will also be able to get their hands on rewards. The specialty of this high-speed ledger is that it partnered with the International Chamber of Commerce. Moreover, it is supported by the Singapore Government that will help generate better outputs for the token users in the offing.