PERRINN IS A TEAM COLLECTIVELY OWNED BY A COMMINITY OF MEMBERS
You can join our team by purchasing some Shares on PERRINN.com
We are a team of talented engineers, software developers, investors from around the world, pushing the boundaries of online cooperation with the goal of setting a new lap record at the Nürburgring with our electric hypercar: 424.
PERRINN team is built like a social network
We are making decisions collectively
Our ownership is permissionless (anyone can own part of our team)
Our structure is flat and distributed
Our information flow is transparent and public
The intellectual property we are creating is open source
OUR TEAM STRUCTURE
There are different ways to be a member of our team
Share holders own and control our team. These are investors who have bought Shares or contributors who have earned Shares. You can become a Share holder today by purchasing Shares from PERRINN.com.
Core contributors are working to maintain and develop our ecosystem and our products including the 424 electric hypercar, the PERRINN.com app, the PERRINN network. This is a small group of focused and dedicated people who have clear roles in our team. Contributors earn Shares as they invest their time into PERRINN. They are communicating everyday on PERRINN.com and are followed and supported by our community of Share holders.
All the work produced by our contributors is open source and accessible by our members online.
WHY INVESTING IN PERRINN?
Shares represent ownership into our team, a team that innovates, that is at the forefront of racing technology and is guided by an incredible team spirit.
Yield generated : 10% annually
To invest money, you simply buy Shares on PERRINN.com. At a later stage PERRINN will offer the opportunity to Share holders to sell their Shares to other members.
When you invest money with PERRINN you will benefit from a 10% continuous annual return. Everyday, PERRINN is crediting your wallet with interests that are re-invested automatically. You can check your balance live on PERRINN.com.
If you have skills that can help us develop 424, you can invest your time to earn Shares. Through a simple contract, your onboarding will be completed and you will benefit from the same 10% continuous annual return on your Shares.
In our community, money/time investment is treated the same way. You will accumulate Shares in your wallet on PERRINN.com and the yield process will automatically increase your holding day after day.
THE BENEFITS OF JOINING OUR TEAM
WHAT IS YOUR INVESTMENT GOING INTO ?
424 research and development, design, virtual testing, software development, real time simulation, system modelling
424 marketing, social media content creation, videos
424 virtual lap record, a digital event showcasing our simulations and providing proof of our capabilities
Total budget 2.5M Shares
424 manufacturing, composites, machining, assembly
424 operation, track testing, Nurburgring lap record attempt
Total budget 12.5M Shares
Total 424 Nurburgring lap record budget 15.0M Shares
HOW MUCH IS A SHARE WORTH ?
Share value is stable and calculated as the average of 3 mainstream currencies: the US dollar, the EURO and the British Pound.
PERRINN Share is NOT a speculative asset, it is designed to be stable without any price fluctuation.
This value is agreed by our community of members and investors to allow for a fair reward for those who are investing their time and to set a cost for those investing their money.
WHAT ARE THE RISKS OF INVESTING INTO PERRINN?
Disclaimer : every investment into new technologies like PERRINN carries some risks. You should only invest funds that you are ready to lose.
Can I lose the money and time that I have invested into PERRINN?
While it is our intent to make sure all investors will get their money + interest back, we may not be able to raise sufficient funds from any particular sponsorship rights sale to pay back any or all of their Share owned. This applies to all members and therefore this risk is carried by everyone involved which mitigates it.
When will I be able to sell my Shares?
Revenue from the sale of Sponsorship Rights will be used to cover operational expenses first. We don't know when sufficient funds will be availble to offer investors a Share buy-back.
WHAT IS THE PRODUCT THAT PERRINN IS GOING TO SELL WITH 424 ?
The product is a title sponsorship rights of a value of $15 million for a global corporation willing to use 424 as a powerful marketing platform to communicate their own messages to a global audience.
This sponsorship rights will cover a 1 to 2 years period during which 424 will be built, tested and the Nürburgring lap record will be attempted.
Our development effort is aiming at securing our title sponsor by providing the best evidence that our record will be achieved with a minimum amount of risk and with a maximum marketing impact.