Perle Labs has laid out a clearer launch path for PRL. Binance Wallet said users can join the token generation event through PancakeSwap during the March 25 subscription window from 8:00 AM to 10:00 AM UTC, while KuCoin confirmed that PRL/USDT trading will start at 11:00 AM UTC on March 25. Deposits on the SOL-SPL network are already open there. Coinbase has also added support for generating PRL deposit addresses in supported regions.
Binance Wallet opens the first access window
Binance Wallet said eligible participants must use Binance Alpha Points to join its 45th exclusive token generation event with Perle Labs. The platform also told users to prepare for the Binance Alpha airdrop claim and the start of trading at 10:00 AM UTC. Another 10,000,000 tokens have been reserved for upcoming campaigns, though full portal details were still pending at the time of the update.
The setup shows PRL entering the market through several steps instead of one single listing event. Subscription comes first, then claim access, then open trading.
KuCoin confirms listing, with Bitget and MEXC Alpha mentioned as well
KuCoin described the event as a world premiere listing and said deposits are already live. Based on the published schedule, PRL/USDT trading begins at 11:00 AM UTC on March 25. The source material also says Bitget and MEXC Alpha announced listing plans for the same time.
Perle Labs said Binance Wallet is the first stop, with Alpha access opening at 10:00 AM UTC. That near-sequential rollout across multiple platforms has made the token launch one of the more closely watched market events tied to AI tokens.
Claim portal to open at 11:00 AM UTC after registration closure
Perle Labs said the PRL claim portal is close to launch. Eligible users who completed registration were told to connect their wallets and secure their allocation once the portal opens at 11:00 AM UTC, or 7:00 AM EST. The link had not yet been published.
The timing matters because the earlier registration portal already closed on March 23 at 9:00 PM EST, and appeals have already been finalized. That leaves the current phase focused on claim execution rather than new registration.
Tokenomics show a fixed 10 billion supply
Perle Labs also disclosed the PRL token allocation model. The token has a fixed total supply of 10 billion. The community allocation is 37.50%, and 7.5% of that portion unlocks at TGE. The ecosystem allocation is 17.84%, with a 10% TGE unlock followed by a 48-month release schedule.
Investors hold 27.66% and the team holds 17.00%, with both categories subject to a 12-month cliff. The project also said it has secured $17.5 million in backing from Framework and CoinFund.
Coinbase enables address generation, but transfers are not live yet
Coinbase said users can now generate a PRL deposit address on coinbase.com, the Coinbase app, and Coinbase Exchange in supported regions. At the same time, the company noted that actual deposits will remain unavailable until the asset issuer unlocks transfers.
That means the Coinbase update signals operational readiness rather than full trading access. Users can prepare the deposit infrastructure, but token movement still depends on the issuer opening transfers.
FOGO offers a rough comparison, while PRL still lacks an opening price
The source compares PRL with recently launched FOGO, a token with a similar total supply of about 9.96 billion. FOGO was trading around $0.01885 after a steep post-launch decline, with a market capitalization of about $71.53 million and a fully diluted valuation of roughly $187.93 million.
That comparison gives traders a loose reference point for how supply-heavy launches can trade in the low-cent range. PRL still has no confirmed opening price, and its initial valuation will depend on circulating supply, unlock flow, claim participation, and exchange liquidity.