Cryptocurrencies

Text

What is PERP? A detailed introduction to the trading platform and total amount of PERP coins

PERP, a decentralized perpetual contract trading platform on Solana, enables users to trade cryptocurrencies with leverage up to 10x, providing high-yield opportunities with automated liquidations to prevent excessive losses.

Oct 23, 2024 at 09:34 pm

What is PERP?

PERP is a decentralized perpetual contract trading platform built on the Solana blockchain. It allows users to trade various cryptocurrencies with up to 10x leverage.

Features of PERP

High Leverage: Users can trade with up to 10x leverage, which amplifies both profits and losses.
No Expiration: Perpetual contracts do not have an expiration date, allowing users to hold positions indefinitely.
Cross-Margin Trading: PERP utilizes a cross-margin system, where all open positions are funded from a single margin balance.
Automated Liquidations: Liquidations are executed automatically when a trader's margin falls below a certain level, preventing excessive losses.

Trading Platform

PERP's trading platform is user-friendly and provides various tools for technical analysis. Users can view market charts, place limit and market orders, and track their open positions.

Total Amount of PERP Coins

As of February 2023, the total circulating supply of PERP coins is 100,000,000. The total supply is capped at 200,000,000 PERP.

Conclusion

PERP is a popular decentralized perpetual contract trading platform that offers high leverage and flexible trading options. Its user-friendly platform and automated liquidation system make it attractive to cryptocurrency traders of all experience levels.

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

PHA

$0.4477

80.87%

Trade Now
PRQ

$0.3591

54.50%

Trade Now
GMT

$0.2048

38.38%

Trade Now
ACA

$0.1084

22.19%

Trade Now
WHITE

$0.0004

20.16%

Trade Now
STRAX

$0.0771

18.31%

Trade Now

Latest Crypto News

The Best Meme Coins to Buy Now: A Deep Dive into the Top 10 Contenders
2024-12-28 00:25:01
What is Dogecoin Cloud Mining and How to Do It?
2024-12-28 00:35:52
Top 5 Best Crypto to Buy Now and Make 70-Day Explosive Gains
2024-12-28 00:41:40
SHIB: The Metaverse is definitely taking off, and Shytoshi Kusama, the lead spokesperson behind Shiba Inu (SHIB), is gearing up to highlight the next chapter of the SHIB ecosystem.
2024-12-28 00:35:52
1Fuel (OFT): A New Contender in the Altcoin Space Threatens to Overshadow Litecoin (LTC) and Solana (SOL)
2024-12-28 01:05:01
XYRO Selected for Incubation by CoinMarketCap Labs After Closing $1.4M Funding Round Led by Animoca Brands
2024-12-28 01:05:01

Related knowledge

What Is The Difference Between Fungible And Non-Fungible Tokens?

Nov 26,2024 at 01:04pm

Fungible vs. Non-Fungible Tokens: A Comprehensive GuideIn the realm of blockchain technology, the concept of tokens lies at the core of many applications. Tokens represent digital assets that can be used to facilitate transactions, store value, or represent ownership. However, there exists a fundamental distinction between two types of tokens: fungible ...

What is a Public Key Infrastructure?

Nov 23,2024 at 12:30am

What is a Public Key Infrastructure?IntroductionA Public Key Infrastructure (PKI) is a framework that enables secure communication over a network by managing digital certificates and public-key cryptography. PKI plays a crucial role in various blockchain applications, ensuring data integrity, authentication, and non-repudiation.Components of a PKIA PKI ...

What is MEV (Miner Extractable Value)?

Nov 22,2024 at 06:22pm

What is Miner Extractable Value (MEV)?Introduction:Miner Extractable Value (MEV) is a term used to describe the profit that miners can make by manipulating the order of transactions in a block. This manipulation is possible because miners have the ability to choose the order in which transactions are included in a block, and they can use this power to f...

What is a Genesis Block?

Nov 24,2024 at 09:10pm

Decoding the Genesis Block: The Birth of BlockchainIntroductionThe Genesis block stands as the inaugural chapter in the blockchain saga, igniting the spark that revolutionized the world of finance and technology. This foundational block holds immense significance, embodying the inception of immutable ledgers, decentralized networks, and the transformati...

What Is an NFT Game?

Nov 26,2024 at 07:05am

What Is an NFT Game?Non-fungible tokens (NFTs) have taken the digital world by storm, empowering creators, collectors, and enthusiasts alike to own and trade unique digital assets. The integration of NFTs into the gaming industry has given rise to a captivating new realm known as NFT games, where players can not only enjoy immersive experiences but also...

What Is an NFT Marketplace?

Nov 22,2024 at 07:43pm

What Is an NFT Marketplace?An NFT marketplace is a platform that facilitates the buying, selling, and trading of non-fungible tokens (NFTs). NFTs are unique digital assets that represent ownership of a specific item, such as a piece of art, music, video, or other collectible. NFT marketplaces allow users to create, list, and purchase NFTs, with transact...