Percolator Plans a $250,000 Raise Through MetaDAO’s Backable

Percolator plans to raise $250,000 through MetaDAO’s Backable for a new token, PERC, with an all-or-nothing target and separate terms for holders of its existing PERCOLATOR token.

The fundraiser would not be completed if it falls short of the $250,000 goal. PERCOLATOR holders recorded in a Nov. 7 snapshot could participate in a reserved $50,000 portion, paying the same price as other participants.

The proposed terms direct 80% of funds raised to Percolator’s treasury and 20% to liquidity for PERC. The team would receive 10 million PERC, locked for at least 18 months. PERC would not represent equity in the company.

Percolator said the older PERCOLATOR token was launched by someone else through pump.fun and later taken over by David through a community takeover. About 1 billion tokens had circulated since launch, and the team had no allocation it could lock or sell. The existing token would not migrate to PERC and could not be exchanged for or claimed as the new token.