Push to raise $250,000… Percolator to issue new PERC

Percolator is issuing a new PERC token through MetaDAO's Backable platform to raise at least $250,000, with the raise contingent on hitting the target. The Solana-based perpetual futures platform has allocated a separate $50,000 participation cap to existing PERCOLATOR holders included in a November 7 snapshot, who must pay the same price as other participants rather than receiving a free allocation. The original PERCOLATOR token was launched by a third party on Pump.fun before David took over operations via a community acquisition. The raise matters as a test of MetaDAO's all-or-nothing funding model for Solana DeFi projects, and the next thing to watch is whether the minimum is met and how the legacy holder allocation is taken up.