Solana perpetual contract platform Percolator initiates $250,000 financing

The Solana perpetual contract platform Percolator will initiate a $250,000 financing through MetaDAO's Backable and create a new token PERC. The original PERCOLATOR token will not be migrated and cannot be exchanged or claimed for PERC; holders in the snapshot on November 7 can participate in the reserved $50,000 financing quota but must contribute at the same price as other participants.

Percolator stated that PERCOLATOR was issued by others through pump.fun, and later taken over by David in a community takeover. Approximately 1 billion tokens have been circulating in the market since launch, and the team has no locked or sellable token allocation. This financing will not be completed if the $250,000 target is not reached; 80% of the raised funds will go into the treasury, and 20% will be used for PERC liquidity. The 10 million PERC obtained by the team will be locked for at least 18 months. PERC does not represent company equity.