Perpetual Protocol PERP
Report IssueThe Perpetual Protocol is a decentralized protocol that allows the creation of perpetual contracts for any asset. These contracts are similar to futures contracts, but do not have an expiration date. The protocol uses a virtual automated market maker (vAMM) allowing trading with up to 20x leverage, transparent fees and guaranteed liquidity 24 hours a day, 7 days a week. The protocol's native token is called PERP. The protocol is currently undergoing audit and is expected to go live in September.
Details
$0.346
-3.45%
#735
Protocol
ByBit 
Gate 
Solana 
Score Sentiment Neutral
Fundraising Statistics
$0.35 -3.45%
$1.3
Binance Labs Tier 1
Multicoin Capital Tier 1
CMS Holdings LLC Tier 2 PERPPerpetual Protocol
USDCUSD Coin
Short Review Perpetual Protocol
Crypto project Perpetual Protocol (PERP) is classified as a Protocol. Perpetual Protocol is a Utility token that is hosted on the Ethereum Network. The current total supply is 150.00 M PERP (Circulating Supply + Tokens yet to be released - Burned Tokens). (5% of total tokens) have been allocated for the public sale.
Perpetual Protocol ICO Overview
Public sale of tokens will take place on the Balancer Launchpad. Estimated date for the public token sale: 12 September 2020. Perpetual Protocol (PERP) price during the token sale: 1.3 USD. You can purchase project tokens for ETH
PERP Price Chart
The launch of PERP token trading took place on 9 September 2020.
Fundraising Rounds
Total sold 36.25 M tokens (24.17% of total tokens). Total amount of funds raised by the Perpetual Protocol project is $14.56 M.
| Investment Round | Date | Price | Funds Raised |
| Public Sale (LBP by Balancer) | September 2021 | $1.63 | $12.26 M |
| Strategic Round | May 2020 | $0.08 | $1.80 M |
| Seed | July 2018 | $0.08 | $500,000.00 |
Perpetual Protocol Investors
Binance Labs Tier 1 Multicoin Capital Tier 1 CMS Holdings LLC Tier 2Perpetual Protocol (PERP)
Perpetual Protocol is unique compared to other cryptocurrencies because it is a decentralized perpetual contract protocol for each asset. It uses Virtual Automated Market Maker (vAMM) to enable trading of perpetual contracts, which are derivatives similar to futures contracts but without an expiration date. This allows traders to trade with up to 20x leverage on long or short positions, enjoy transparent commissions and have guaranteed liquidity 24 hours a day, 7 days a week. Additionally, Perpetual Protocol offers the flexibility to move to new scaling solutions if a more suitable one becomes available, giving the community the power to decide. The protocol also stands out in terms of naming convention, as it specifically chose “Perpetual” to match its core product and ticker “PERP.” Overall, Perpetual Protocol aims to provide a unique and comprehensive solution for perpetual contracts in the cryptocurrency space.
