What is Perpetual Protocol Coin?

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Perpetual Protocol was launched towards the end of 2019, initially under the name Strike Protocol. It is built upon an automated market maker (AMM) design inspired by Uniswap.

What is Perpetual Protocol (PERP)?

The liquidity pool of Perpetual Protocol (k) is digitized and algorithmically determined. Unlike relying on liquidity providers to define a market’s curve, Perpetual Protocol can programmatically set and update the parameters of its virtual AMM (x*y=k), thus always offering a competitive product for any market.

The team claims that PERP is the first virtual AMM (vAMM) that allows non-destructive markets while guaranteeing on-chain liquidity. These non-destructive markets reduce the capital demands required by traditional markets, paving the way for new and emerging products.

Additionally, the Insurance Fund of Perpetual Protocol is guaranteed by the holders of its native token, PERP. The fund is used to cover unexpected losses from leveraged trades. If the Insurance Fund is depleted, Perpetual Protocol will mint more PERP to replenish the fund and cover the losses.

On the other hand, PERP holders can stake their assets in the Perpetual Protocol’s staking pool for a fixed period. In return, stakers are rewarded with a percentage of the transaction fees accumulated over the protocol period, in addition to inflationary staking rewards.

As the name suggests, Perpetual Protocol focuses exclusively on perpetual exchange contracts. Upon launch, Perpetual Protocol will support BTC, ETH, and LINK, with the potential to include other synthetic assets like gold, crude oil, or other traditional currencies in the future through governance. Investors will be able to use up to 20X leverage on both long and short positions.

Perpetual Protocol is also supported by a Decentralized Autonomous Organization (DAO) with a strong presence in Asia. However, it is not designed for residents or citizens of the United States.

PERP Coin Review

Perpetual Protocol is currently considered a significant project in the market, attracting user interest for this reason. However, it can be said that investors and analysts are currently cautious due to uncertainties in the market and in the price of PERP.

To better understand investor sentiments about PERP, it would be useful to look at current figures.

How to Buy Perpetual Protocol Coin?

PERP Coin can be purchased quickly and securely through Binance, the world’s largest cryptocurrency trading platform in terms of trading volume.

To buy PERP Coin, one must first register with Binance and then send fiat money. After sending a fiat currency like the Turkish Lira or the dollar, a purchase can be made in the Tether (USDT), BUSD, and Bitcoin (BTC) PERP trading pairs.

In addition, at Binance, users can place a buy order not only at market value but also at a lower value. To do this, use the Limit tab and simply enter the amount and price you wish to buy at.

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