perl

building @perl | alum South Park Commons | previously cofounder SBLY.com, eng at Stripe | peter-kim.com

Appreciate the transparency. So will $PERL have its own price or is it solely dependent on price of $DEGEN? 🤔  I'm bad at tokenomics. 😅

$PERL will initially be a offchain token (similar to warps) that will have a fixed conversion rate (to be announced) with $DEGEN (onchain)

building @revealcam | previously @perl, cofounder SBLY.com, eng at Stripe | alum South Park Commons | peter-kim.com

Hmm good thought. I feel making perl token might be good idea in future as you don't need to be dependent on degen. Never know which project goes which side.

agree, we are operating under the assumption that 1 $DEGEN = 1 $DEGEN and people are looking to hold $DEGEN long term

Warps price is always constant but then perl price  might be volatile in degen mode.

not in this first release, maybe in the future!

1000 $DEGEN

@degentip !tip @peter 222

Will there be an inverse dynamic adjustment to the conversion rate based on amount of perl held? 😏