Perlin is a decentralized, trustless and practical infrastructure blockchain which supports Dapps running and cloud computing, utilizes computational power in smart devices to facilitate cloud computing, make it accessible, economical and applicable to them.

General Information:

Wesite: https://www.perlin.net/

Telegram news channel: https://t.me/perlinnetwork

Discord: https://discord.gg/dMYfDPM

Whitepaper: https://ipfs.io/ipfs/perlin/whitepaper

To become a high-throughput and low latency blockchain infrastructure, Perlin utilizes DAG model- support to build DApps and cloud computing. As we know, existing blockchains and consensus algorithms still face throughput and security problems… Perlin is created with the outstanding characteristics such as fast confirmation time, more secure system and higher throughput.

First of all, Perlin makes use of DAG-modeled distributed ledger, Avalanche consensus algorithm, possessing necessary characteristics of an infrastructure blockchain, supporing computational resources which is shareable among underutilized resources.

The characteristics are:

+ A Blockchain with 1300 TPS, with the average latency of 4 seconds.

+ A decentralized and effective consensus algorithm, resources- efficient

+ A security layer for the network, even the problem with Byzantine consensus algorithm

+ DAps- supportive

Decentralized Cloud Computing- Layer 2

Perlin's computing layer will be put on Perlin's top-of-the-line blockchain (model ledger of DAG ), which support to use the unexploited resources in smart devices in everyday life. Miner can be a smartphone user on a daily routine, they could rent unused computer’s resources out to clients such as researchers, startup companies, enterprise in exchange for crypto "PERLs".

Technical Aspects:

Metastability:

"Metastability" is a factor in which networks reach consensus through thresholds of confidence from the information that is organized, disseminated and authenticated within that network.

Metastability is derived from consensus mechanisms that regulate the minimum number commonly found in databases such as Apache Cassandra and Riak KV, with information, which involves the structure assisting the system to quickly reach consensus.

To propagate effective information in a network, a single node distributes the information x to a minimum of k nodes in a network of n nodes, information from node k is propagated to a minimum of n nodes. other…

The goal of this factor (metastability) is to step by step orient the groups of k nodes in the network to the completion of a specific consensus target, or to accept or reject the source of the information.

The difference between metastability and other gossip consensus mechanisms is that the spread of information in metastability by a group of nodes, not by individual nodes, from that speeding up consensus and reducing contacting costs.

Avalanche

Avalance is ledger of distributing metastable in the BFT engine (the error controling in the distribution file system) non-focus having highly threshold of confidence and inspite of having Byzantine, there still have problems. This is a quite new and effective consensus mechanism and Perlin is considered as the startup using consensus to support needs.

Perlin will design blockchain to build DApp and enhance the problems of the blockchain in force such as extension, security, high quality and low delay.

The first mode that Perlin developed basing on consensus Avalanche help creat, test and apply smart contract in representing for time, resource and the sign of using code of Web.

Partners and Investors:

Perlin has been one of the first projects which attracted the huge number of Venture Capitals, funds and investors until now. We can list some of the famous names such as FBG Capital, Bigcoin Capital, BITMAIN, OK Blockchain Capital and so on.

For these investors, we can draw a conclusion that Perlin is a qualitative project in terms of technology and teams- who can bring the ideas into reality. However, due to the quality and the ensurance, we still have to consider the community and the marketing direction of the project. Until now, due to Perlin has just come out of stealth mode, we can just be sure that community are interested in it, but we still have to wait till everything is clear and transparent.

Community:

The whole overview of Perlin’s community now can be expressed via Telegram channel (30k+ members) and its Discord (1k+ members). Definitely Perlin is a hot project until now. Looking for Perlin in public chat groups, we can also find out praises, FUDs, a lot of ideas. As the trust in the technology and team, with the FUDs around its token metrics, this project will be controversial until everything is transparent. Therefore, we can conclude that Perlin is either hot or super-hot project to look forward to.

Token Metrics:

This part is going to dig deep into the FUDs and the truth around Perlin’s token metrics.

Here are the FUDs arround Perlin’s token metrics:

Round 1 : Friends & Family Round 2 : Strategic investors Round 3 : Private Round 1 Round 4 : Private Round 2 Round 5 : Public sale Price per token : $0.02 Bonus : Unknown Lock : NO LOCK ETH peg : Unknown % tokens sold : Unknown ETH/USD Raised : Unknown Status : OVER Price per token : $0.06 Bonus : Unknown Lock : NO LOCK ETH peg : Unknown % tokens sold : Unknown ETH/USD Raised : Unknown Status : OVER Price per token : $0.12 Bonus : Unknown Lock : NO LOCK ETH peg : Unknown % tokens sold : 20% ETH/USD Raised : USD $24M Status : OVER Price per token : $0.20 Bonus : Unknown Lock : 3 MONTHS ETH peg : $433 % tokens sold : 7.5% ETH/USD Raised : USD $15.5M Status : ONGOING Price per token : $0.25 Bonus : Unknown Lock : Unknown ETH peg : Unknown % tokens sold : Unknown Status : TBA

And the truth, which is leaked by Perlin’s team:

“Seed Sale (Last December/ January 2017/18 ): Token price of 4c with 12 month vesting. Pre-White Paper, 1 person team, Telegram community of 0, no development or tech, no partners.

Strategic Sale (April/ May 2018): Token price of 12c with 6 month vesting. Draft White Paper, 3 person team, Telegram community of 300, 3 months of tech dev, 35 partners and token purchasers like FBG, Bitmain, Dekrypt, Arrington, Blocktower, Zhen Fund, DHVC etc.

Private Sale (June/ July 2018): Token price of 20c with 3 month vesting. Draft White Paper 2.0, 10 person team, Telegram community of 27,000, 5 months of tech developers, 3 separate independent code reviews with high marks, nearly 100 partners and token purchasers."

For any ICO rating and reviewing websites, the FUD around the token metrics will definitely lead to Perlin’s rating score dropped down to very low. As we can see, the price of public sale is 11x from the seed round, it is a huge difference. Comparing the lockup time, it is ridiculously unacceptable to look at.

However, the truth is much more reasonable to the community, including the price and also the lockup time. Despite the difference in the price, the lockup time which was respectively 12 months, 6 months and 3 months are reasonable time periods for investors to look for good ROI from this project.

Team and Advisors:

Team is one of the determining factors which decides one project’s success. Perlin has its own strong and talented team globally.

Project Manager, Co-Founder- Dorjee Sun: He is a serial entrepreneur who proves to be really talented and experienced. He has founded Carbon Conservation which is for conserving tropical rainforests and then soon became internationally well-know. Since 2014, he was awarded as the top young leader in Asia. He has now been advisors of many ICO projects which are Airblock Protocol, Republic Protocol, Loki and so on.

CTO- Kenta Awasaki: Kenta is an experienced computer programmer and he is also one of the most important factors contributing to talent code in Perlin Project. He used to be a robot mechanic, professional software programmer, CTO and Founder of a company of Dranithix for 6 years and Velcron Limited.

Head of Business Development- Mirza Uddin: Mirza is a famous face in cryptocurrency. She was reprentative for Investment Funds, advisor for Blockchain Projects as Edenchain; she has a lot of experience on Investment Bank as well.

In brief: Perlin is a practical, applicable and highly feasible blockchain project with ambitions (building blockchain for cloud computing and building DApps). They are an energetic, experienced and talented team. However, about the project, there are quite negative rumors about token metrics, the tokens allocation (which brought too many benefits to investors in early stage) and it has no specific information of the roadmap. This is a project with big risks, but if the team knows how to manage and develop the community, it will bring an highl level of ROI.

Rate from Icogens.com:

HYPE RISK ROI TERMS ICOGENS’ SCORE HIGH HIGH HIGH MEDIUM HIGH

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*Note: All the information (on icogens.com) including tokens sales, “interest level”, ROI rate, hype rate, risk rate are our subjective opinion and only for informational and educational purposes. The information ICO Gens provides is not an investment advice.

HYPE: is defined as the level of concern over a project and its FOMO. This score is based on the number of people joining a project’s social channels such as Reddit, Telegram, Twitter, Facebook, Bitcointalk, Medium or Slack as well as the number of review articles produced by the third party.

RISK: the risk rate of the project. Based on this score, you can find more spam warnings of the project. More specifically, RISK is about the transparency of the project, its idea, members of the development team, roadmap and whitepaper. (RISK is rated regardless ROI rate of the project).

ROI: (Return on Investment): the rate of profit a project can bring to investors (ROI is considered separately from RISK. ROI can be rated High and RISK can be rated High as well).

TERM: this factor reveals the length of time you should hold token or coin of a project. The period of time can be Short, Medium or Long.

ICOGENS’ SCORE: this score can be decided by scores of four other scores or it will reflect the level of interest ICOGENS’ team has in the project. This score is separated from ROI score. It just shows how much ICOgens core team concern the project.

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Source: icogens.com