Perpetual Protocol Reaches Market Capitalization of $1.03 Billion (PERP)

Perpetual Protocol (CURRENCY:PERP) traded 2.9% lower against the dollar during the 24-hour period ending at 12:00 PM ET on September 15th. One Perpetual Protocol coin can now be purchased for $17.43 or 0.00036098 BTC on popular cryptocurrency exchanges. Over the last seven days, Perpetual Protocol has traded 17.8% lower against the dollar. Perpetual Protocol has a total market cap of $1.03 billion and approximately $56.84 million worth of Perpetual Protocol was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed over the last 24 hours:

  • Chainlink (LINK) traded up 7.3% against the dollar and now trades at $31.13 or 0.00064465 BTC.
  • Binance USD (BUSD) traded down 0.1% against the dollar and now trades at $1.00 or 0.00002070 BTC.
  • Polygon (MATIC) traded 4.1% higher against the dollar and now trades at $1.39 or 0.00002869 BTC.
  • FTX Token (FTT) traded 6.1% higher against the dollar and now trades at $72.50 or 0.00150124 BTC.
  • THETA (THETA) traded 7.8% higher against the dollar and now trades at $6.87 or 0.00014217 BTC.
  • DREP (DREP) traded down 21% against the dollar and now trades at $1.96 or 0.00003398 BTC.
  • DREP [old] (DREP) traded down 19.5% against the dollar and now trades at $1.96 or 0.00003399 BTC.
  • Dai (DAI) traded down 0.1% against the dollar and now trades at $1.00 or 0.00002072 BTC.
  • Aave (AAVE) traded up 1.1% against the dollar and now trades at $386.27 or 0.00799892 BTC.
  • PancakeSwap (CAKE) traded up 12% against the dollar and now trades at $22.75 or 0.00047109 BTC.

Perpetual Protocol Profile

Perpetual Protocol (PERP) is a coin. Its genesis date was September 5th, 2020. Perpetual Protocol’s total supply is 150,000,000 coins and its circulating supply is 59,018,750 coins. Perpetual Protocol’s official Twitter account is @perpprotocol and its Facebook page is accessible here. Perpetual Protocol’s official website is perp.fi.

According to CryptoCompare, “Perpetual Protocol, launched in 2019 as “Strike Protocol”, is a decentralized perpetual contract protocol for every asset, made possible by a Virtual Automated Market Maker (vAMM) design (constant product curve). Perpetual Protocol is composed of two parts: Uniswap-inspired Virtual AMMs backed by fully collateralized vaults and a built-in Staking Pool that provide a backstop for each virtual market.Focusing exclusively on perpetual swap contracts, the PERP token is Perpetual Protocol’s ERC-20 native token with the main goal to serve in the Perpetual Protocol’s Insurance Fund, which aims to cover any unexpected losses from leveraged trading. PERP holders can stake PERPs to help provide a backstop for the protocol. In return, stakers are rewarded with part of the transaction fees plus staking rewards.The PERP team claims the Perpetual Protocol include the following key features: 20x leverage on-chain perpetual contact, going Long or short on any asset and low slippage. Perpetual Protocol was created by team based in Taipei, Taiwan. “

Buying and Selling Perpetual Protocol

It is usually not currently possible to buy alternative cryptocurrencies such as Perpetual Protocol directly using US dollars. Investors seeking to acquire Perpetual Protocol should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Perpetual Protocol using one of the aforementioned exchanges.

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