Migration Update

We are postponing Migration to Avalanche from the 7th to the 15th of April.

Dear Pera Family,

We know that you are excited about the journey ahead. So, we want absolute certainty that the migration & launch will be smooth and there are no unforeseen incidents. In order to assure this, the team has decided to postpone the launch for a week. New date for the Pera launch is April 15th.

It is also hard for us to wait another week before introducing our community to what we have been working on. Meanwhile, we will be sharing development updates and teasers to get you a good grasp on how the New Pera will look like.

Key Dates

- Pera Token emissions will be closed as of April 12th at 10 a.m UTC. Users must claim LP farm and Trading Competition rewards until the end of this date. There is no control over these tokens by the contract after that date.

- Pera Token migration on Binance Smart Chain is extended until April 12th at 10 a.m UTC.

- Pera launch and the Pera Token migration to Avalanche is on April 15th.

- Token migration details regarding our users on Gate.io will be announced this week.

The TGE

As the Pera team, our emphasis is to design a protocol that best suits our community’s needs. Hence, to better contribute to the democratization of the Pera protocol, we have been closely engaging with our community on our social media channels, actively listening to your opinions about the migration process.

In addition, due to our security-first approach, security audits are significant for us. As you know, smart contracts without proper auditing tend to be harmful to protocols and its users.

To ensure a secure launch, we put our smart contracts through security audits with Hacken(a renowned cyber security company) to ensure that the code is safe and unexploitable.

We began the audit process in March, we sent our codes, and they shared the first audit report, which presented some potential caveats to the protocol. In light of this, we fixed the addressed issues and sent the revised codes back to Hacken.

Currently, we are waiting for the final report, and Hacken has informed us that the reports will be ready within a week. We don’t want to deploy our code to the Mainnet before sharing its audit report with our community and ensuring that your investments are safe. So, we are postponing the launch.

This process doesn’t necessarily take long for many projects due to their codes being forked from others. But in our case, all of our contracts are developed by our developing team, and unique. So, the audit takes a little more time.

Furthermore, we have been consulting with our advisors, constantly improving the protocol infusing our financial experience with theirs throughout the process, and making estimations to ensure a smooth and fair launch for everyone.

With the feedback from our community and financial estimations performed with our advisors, we recognize that it will be mutually beneficial for the platform, the investors, and our potential partners to add liquidity from the BSC price at the time of deployment.

The Best is yet to Come!

The previous weeks have been a blast, the turnout for the Testnet was remarkable, and the swap farming tool has caught the attention of so many users and DeFi projects. We are grateful to the community for their contributions. With the completion of the migration process and the new partnerships, it’s time to see our volume-boosting tools in action!

Supporting this, we are excited to tell you that we are working on some spicy partnership agreements aiding Pera in exposing itself more to the DeFi space.

One of which has already been set and has been fine-tuning the partnership agreement as of writing this. Soon enough, we will be disclosing our first DEX partner on Avalanche, and the first liquidity pools to be boosted by Pera Swap Farming, to demonstrate the real potential of our tools.

Stay tuned, as we will be updating you with exciting details soon.

FYI: Dear private and seed investors, the current vesting schedule is set to distribute your tokens on April 9th, but instead, we are distributing your allocations after the migration process is complete.
The contract was set to distribute 4.23M $PERA, for the first launch, but due to the DAOMaker burn incident, this amount has decreased to 1.9M $PERA.

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