PERRINN IS A TEAM COLLECTIVELY OWNED AND CONTROLLED BY ITS MEMBERS

You can join our team by investing in COINS

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 a Decentralised Autonomous Organisation (DAO)


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

COIN holders own and control our team. These are investors who have bought COINS or contributors who have earned COINS. You can become a COIN holder today by purchasing COIN 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 COINS as they invest their time into PERRINN. They are communicating everyday on PERRINN.com and are followed and supported by our community of COIN holders.


All the work produced by our contributors is open source and accessible by our members online.

WHY INVESTING IN PERRINN?


COIN represents 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 : purchasing discount + 10% annually

To invest money, you simply buy COINS on PERRINN.com. At a later stage PERRINN will buy your COINS back.


When you invest money with PERRINN you will benefit from a purchasing discount + 10% continuous annual return. You will be able to exit your investment during a synchronised buy-back.


The synchronised buy-back means that all members will be offered the same opportunity to sell back to PERRINN at the same time. This event will happen when we have accumulated enough cash reserve from 424 product sale, in this case corporate sponsorships.


If you have skills that can help us develop 424, you can invest your time to earn COINS. Through a simple contract, your onboarding will be completed and you will benefit from the same 10% continuous annual return on your COINS.


In our community, money/time investment is treated the same way. You will accumulate COINS 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 ?

DIGITAL PHASE

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 COINS


PHYSICAL PHASE

424 manufacturing, composites, machining, assembly

424 operation, track testing, Nurburgring lap record attempt

Total budget 12.5M COINS


Total 424 Nurburgring lap record budget 15.0M COINS

HOW MUCH IS A COIN WORTH ?

COIN value is stable and calculated as the average of 3 mainstream currencies: the US dollar, the EURO and the British Pound.


COIN is NOT a speculative asset, it is designed to be a stable coin without any price fluctuation.


COIN

=

1.07 USD

0.96 EUR

0.80 GBP


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.

THE SYNCHRONIZED BUY-BACK

Why synchronized? We are a team of members, a strong community that cooperate, win and lose together. We will all have the same opportunity at the same time to cash out our investment and enjoy our returns.

The value we are creating with 424 is owned by you, COIN holders, until we sell sponsorship rights to corporate investors. The marketing, technological and networking value of 424 is what future sponsors will buy into. In the growing digital age we live in, electric mobility and online cooperation are some of the core areas of human advancement. 424 is ideally positioned to help some emerging companies communicate with a global audience.

When we secure our title sponsor for the Nürburgring lap record event, we will have raised enough funds to allow our community to exit their investment as well as deliver the lap record. At this stage, we will organise a synchronized buy-back. All investors will be contacted and offered to sell their COINS.

Because our team is essentially a network, the value of PERRINN follows Metcalfe’s law, and the point at which PERRINN will be able to buy-back all the COINS will coincide with the critical mass crossover. The more members and investors we integrate into our team, the closer we get to this point.

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.


FAQ:


Can I lose the money and time that I have invested into PERRINN?


While it is our intent to pay back members for their accumulated COINS, we may not be able to raise sufficient funds from any particular sponsorship rights sale to pay back any or all of their COIN owned. This applies to all members and therefore this risk is carried by everyone involved which mitigates it.


When will the synchronised buy-back event happen?


Revenue from the sale of Sponsorship Rights will be used to cover operational expenses first. We don't know the synchronised buy-back event will happen.

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.