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

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.

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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? 😏

The price ratio between $Perl and $Degen is something worth paying attention to because the two channels could be considered equivalent. Some people might prefer Degen, while others might prefer Perl. Whichever is lower, it's difficult to resolve. This is a challenging problem for /perl  Peter and Alex.
Respect them.

Let me take a guess at what's on people's mind; "Conversation rate."
Keep building sir. Massive respect to you and ace.

This is great news, we're getting there soon👏