Press Release

$PERP LISTING ON BINANCE (PERP) COIN Binance Will List Perpetual Protocol in the Innovation Zone

Buy $PERP on Binance And get 5% Cash Back:

Perpetual Protocol

The live Perpetual Protocol price today is $10,73 USD with a 24-hour trading volume of $253.940.396 USD. Perpetual Protocol is down 1,54% in the last 24 hours. The current CoinMarketCap ranking is #246, with a live market cap of $233.954.603 USD. It has a circulating supply of 21.795.505 PERP coins and the max. supply is not available.

The top exchanges for trading in Perpetual Protocol are currently Binance, OKEx, FTX, CoinBene, and BKEX. You can find others listed on our crypto exchanges page.

Perpetual Protocol was launched in late 2019, originally under the name of Strike Protocol. Perpetual Protocol builds on an Uniswap-inspired automated market maker (AMM) design (constant product curve). Perpetual Protocol’s liquidity pool (k) is virtualized and determined algorithmically. Rather than rely on liquidity providers to determine the curve of a given market, Perpetual Protocol can programmatically set and update the parameters of the virtual AMM (x*y=k) and offer a competitive product for any given market at all times.

The team claims that PERP is the first virtual AMM (vAMM), which enables markets with no makers while still guaranteeing on-chain liquidity. These maker-less markets lowers the capital demands traditional markets require and pave the way for new and emerging futures.

Perpetual Protocol’s Insurance Fund is guaranteed by the holders of its native token, $PERP. The Insurance Fund is used to cover any unexpected losses from leveraged trading. If the Insurance Fund is depleted, Perpetual Protocol will mint more $PERP to refill the Insurance Fund and cover the losses.

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

As the name suggests, Perpetual Protocol focuses exclusively on perpetual swap contracts. At launch, Perpetual Protocol will support BTC, ETH, and LINK, and can onboard other synthetic assets such as gold, crude oil, or other fiat currencies through governance in the future. Traders can get up to 20X leverage on both long and short positions. Perpetual Protocol is supported by a Decentralized Autonomous Organization (DAO) with a strong presence in Asia. It is not intended for United States residents or citizens.