What is PERP coin? Learn what PERP coin is in one minute

Perpetual Protocol's native cryptocurrency, PERP coin, serves as the foundation for decentralized leveraged trading, collateralization, and governance.

Oct 30, 2024 at 04:27 pm

What is PERP Coin?

1. Overview
Perpetual Protocol (PERP) coin is the native cryptocurrency of the Perpetual Protocol, a decentralized perpetual contract trading platform. Perpetual contracts are financial derivatives that allow traders to speculate on the price of an underlying asset without actually owning it.

2. Key Features

Decentralized: PERP coin operates on a decentralized network, meaning it is not controlled by any single entity.
Collateralized: Traders must deposit collateral (such as USDC or ETH) to open a perpetual contract position.
Leverage: PERP coin allows traders to trade with up to 10x leverage, which can magnify both profits and losses.
No expiration: Perpetual contracts do not have an expiration date, allowing traders to hold positions indefinitely.

3. Use Cases

Trading: PERP coin is used to purchase and trade perpetual contracts on the Perpetual Protocol platform.
Collateral: PERP coin can be used as collateral to open and maintain perpetual contract positions.
Governance: PERP coin holders can participate in the governance of the Perpetual Protocol by voting on proposals and electing delegates.

4. Tokenomics

Total Supply: 150,000,000 PERP
Circulating Supply: Approximately 41,000,000 PERP (as of September 2023)
Max Supply: 150,000,000 PERP

5. Conclusion

The PERP coin is an integral part of the Perpetual Protocol ecosystem, enabling decentralized leveraged trading and providing utility for traders and investors alike. The decentralized nature, collateralized trading, high leverage, and lack of expiration make PERP coin a unique and innovative cryptocurrency in the DeFi space.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

B3

$0.0053

35.06%

Trade Now
KEEP

$0.1119

33.93%

Trade Now
TRUMP

$12.0757

27.90%

Trade Now
ARDR

$0.1040

22.42%

Trade Now
CETUS

$0.1646

17.42%

Trade Now
MERL

$0.1030

16.83%

Trade Now

Latest Crypto News

A popular anonymous crypto pundit has shared a roadmap outlining how XRP could surge from $2.15 to $1,000.
2025-04-25 00:20:12
New Hampshire Advances Bill to Allow State to Invest in Digital Assets and Precious Metals
2025-04-25 00:20:12
This article is compiled from the keynote speech given by Dashan, founder of Waterdrip Capital, at the Wanwu Island Sharing Session.
2025-04-25 00:15:12
Helium Expands Its Community-Built Wi-Fi Network to AT&T Subscribers
2025-04-25 00:15:12
Spanish University Launches the First Bitcoin Master's Degree
2025-04-25 00:10:11
Institutional demand from Galaxy Digital and SOL Strategies pushes Solana price action
2025-04-25 00:10:11

Related knowledge

What is Ethereum’s Slashing mechanism and how to punish malicious behavior?

Feb 20,2025 at 03:08am

Key PointsOverview of slashingDifferent types of slashing in EthereumIncentives and consequences of slashingIdentifying and reporting slashed validatorsOngoing discussions and potential improvementsEthereum's Slashing Mechanism: Punishing Malicious BehaviorEthereum's slashing mechanism is an essential tool for ensuring network security and punishing mal...

What is the verifier node of Ethereum and how to become a verifier?

Feb 19,2025 at 06:00pm

The Verifier Node of Ethereum: A Comprehensive GuideKey Points:What is a Verifier Node?How to Become a Verifier NodeResponsibilities and Rewards of a Verifier NodeMinimum Requirements for Becoming a Verifier NodePotential Difficulties in Running a Verifier Node1. What is a Verifier Node?A Verifier Node is an independent entity on the Ethereum network th...

What is Ethereum’s staking, and how to participate and earn money?

Feb 19,2025 at 04:37pm

Key Points:Understanding Ethereum's Staking MechanismSteps to Participate in StakingBenefits and Rewards of StakingSecurity and Risk ConsiderationsTechnical Requirements and Hardware OptionsPotential Challenges and Troubleshooting TipsFAQs on Ethereum StakingWhat is Ethereum's Staking?Proof-of-Stake (PoS) is a consensus mechanism used in blockchain netw...

What is Ethereum’s DAO (Decentralized Autonomous Organization) and how does it work?

Feb 20,2025 at 03:12am

Key PointsDefinition and Structure of a DAOGovernance and Decision-Making in DAOsBenefits and Use Cases of DAOsChallenges and Limitations of DAOsWhat is Ethereum's DAO (Decentralized Autonomous Organization) and How Does It Work?Definition and Structure of a DAOA Decentralized Autonomous Organization (DAO) is an innovative governance and management fram...

What is Ethereum's multi-signature wallet and how to improve security?

Feb 20,2025 at 02:18pm

Key Points:Understanding the Concept of a Multi-Signature WalletBenefits and Drawbacks of Multisig WalletsRequirements for Setting Up a Multisig WalletStep-by-Step Guide to Generating a Multisig WalletImplementing Strategies for Enhanced Security1. Understanding the Concept of a Multi-Signature WalletA multi-signature (multisig) wallet in the Ethereum e...

What is Ethereum's oracle and how to provide data for smart contracts?

Feb 21,2025 at 01:30am

Key Points:Understanding the concept of oracles in EthereumExploring different types of oraclesDetailed guide on how to provide data for smart contractsAddressing potential challenges and considerationsWhat is Ethereum's Oracle?Oracles are crucial components in the Ethereum ecosystem, enabling smart contracts to access real-world data and off-chain even...