Perpetual Protocol Price, News and Analysis (PERP)

Perpetual Protocol (PERP) Frequently Asked Questions

What is Perpetual Protocol?

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. (Description provided by CryptoCompare)

How do I buy Perpetual Protocol?

It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Perpetual Protocol.

Where can I get Perpetual Protocol wallet?

Perpetual Protocol produces its own wallet software that is available for download on its website, which allows you to store Perpetual Protocol on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

What is the value of Perpetual Protocol?

One Perpetual Protocol (PERP) is currently worth $11.84 on major cryptocurrency exchanges. You can also exchange one Perpetual Protocol for 0.00024032 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Perpetual Protocol in U.S. dollars is $813.58 million.

What hashing algorithm does Perpetual Protocol use?

Perpetual Protocol is a coin that uses the ETH Token algorithm.

What coins are similar to Perpetual Protocol?

The following coins use Perpetual Protocol's ETH Token algorithm and proof-type: Crypto.com Coin, Polygon, Binance USD, Polygon, Chainlink, Parkgene, Decentraland, Axie Infinity, DREP, DREP [old], Dai, FTX Token, THETA, Fantom and Gala.