What kind of currency is PERP coin? Introduction to the official website, circulation and trading platform of PERP coins

PERP is the native cryptocurrency of Perpetual Protocol, a decentralized exchange specializing in perpetual contracts, empowering users with staking, governance, fee discounts, and liquidity provision.

Oct 27, 2024 at 03:53 pm

What is PERP Coin?

1. Introduction

PERP is the native cryptocurrency of Perpetual Protocol, a decentralized exchange (DEX) for perpetual contracts. It serves several functions within the ecosystem, including staking, governance, fee discounts, and providing liquidity.

2. Official Website

The official website for PERP coin is https://perp.fi/. It provides information about the project, its mission, the team, and the token.

3. Circulation

As of September 2023, the circulating supply of PERP coin is approximately 60 million tokens out of a maximum supply of 150 million.

4. Trading Platforms

PERP coin is traded on various cryptocurrency exchanges, including:

OKX
Binance
Huobi Global
Coinbase Pro
FTX (delisted after bankruptcy)

5. Token Use Cases

PERP coin has several use cases within the Perpetual Protocol ecosystem:

Staking: Holders can stake PERP in the Perpetual Protocol to earn rewards and participate in governance.
Governance: PERP holders have voting rights on protocol upgrades and other important decisions.
Fee Discounts: Users who hold PERP receive trading fee discounts on the Perpetual Protocol DEX.
Liquidity Provision: PERP coin is used as collateral and a medium of exchange for trading perpetual contracts on the platform.

6. Conclusion

PERP coin is an integral part of the Perpetual Protocol ecosystem, providing governance rights, fee benefits, and utility as collateral and a medium of exchange for perpetual contract trading. It is available on various cryptocurrency exchanges, further enhancing its liquidity and accessibility.

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