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Perpetual Protocol Price in India (PERP)

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PERP to INR Converter

As per last price at 00:00:00, 01/01/70

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PERP

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PERP Performance

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PERP Market Information

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PERP Price Today

The live price of Perpetual Protocol is ₹ 0 per (PERP / INR) with a current market cap of INR. 24-hour trading volume is ₹ INR. PERP to INR price is updated in real-time. Perpetual Protocol is +0% in the last 24 hours with a circulating supply of .

About Perpetual Protocol (PERP)

What is Perpetual Protocol (PERP)?

Perpetual Protocol is a decentralized exchange platform to trade perpetual contracts. Inspired by popular DeFi protocols like Synthetix and Uniswap, Perpetual Protocol uses virtual automated market-makers (vAMM) to offer perpetual future contracts trading to facilitate secure and accessible crypto trading. The network is backed by its native and utility token PERP, a popular crypto that plays a pivotal role in the platform’s ecosystem. 

Who founded the Perpetual Protocol?

The Perpetual Protocol was founded by Yenfen Weng and Shao-Kang Lee in 2018, experts in the financial and blockchain sector. The project was initially known as ‘Strike,’ but later rebranded itself before the launch of its mainnet in December 2020. 

Primary features of PERP

1. Perpetual Protocol is a decentralized exchange (DEX) that permits customers to alternate crypto with as much as 10X leverage, short positions, and coffee slippage.

2. Perpetual Protocol dominates 90% of the DeFi futures market.

3. PERP has a market cap of more than $85 million.

4. Perpetual Protocol’s vAMM is designed simplest for rate discovery, not for spot trade.

5. PERP token: PERP token powers the Perpetual Protocol and has several functions within the ecosystem such as governance and staking.

6. Decentralized: The Perpetual Protocol (PERP) is fully decentralized and enables the non-custodial trading of perpetual contracts, which promotes more user control and the absence of a centralized authority. 

7. Low Fees: Perpetual Protocol processes fast transactions at a very low price that promotes adoption. The platform’s trading fees account for 0.1% or less, making it an affordable option for users.

8. Liquidity efficiency: Perpetual Protocol uses a virtually automated market maker (vAMM) to ensure liquidity efficiency and also enables traders to leverage their positions by up to 10x.

Is PERP a promising cryptocurrency?

PERP has been depreciating, falling below its release price for the first time since January 2021. However, a current rally is being fuelled because it is launching vePERP rewards for token stakes.

If you are looking to buy PERP, you can check out third-party cryptocurrency exchanges like CoinSwitch.

How do I use PERP?

1. The Perpetual Exchange: The exchange uses an automated market maker algorithm to provide liquidity and execute trades.

2. Pools: Users deposit their crypto assets into these pools and earn returns as liquidity providers.

3. PERP token: It serves as the fuel for transactions on the exchange and as a reward for liquidity providers.

4. Community: Perpetual Protocol has an active community of users and developers committed to the development of the protocol.

Pros & Cons of PERP

Pros

• There is an insurance fund available.

• Good liquidity.

• Price fluctuations do not affect staked coins.

• Leverage options.

• Unique market maker mechanism.

• One of the advances of Perpetual Protocol is the 10x leverage it offers to traders, allowing greater potential returns.

• Perpetual Protocol offers fast transactions at a low price, with the platform’s trading fees accounting for 0.1% or less.

• Perpetual Protocol (PERP) supports a variety of assets for trading, offering flexibility to users.

Cons

• The platform has experienced short crashes in the past.

• Small market share and user base.

• Complex trading mechanisms.

• Like other cryptos, PERP is subject to volatility which can impact its price. 

• The concept of perpetual swaps might be too complex for some users. Besides, it is a high-risk derivative product and is not suitable for all traders.

• DeFi platforms are plagued by risks such as bugs and exploits, making Perpetual Protocol (PERP), a DeFi platform, vulnerable to such risks.

How to trade in Perpetual Protocol (PERP) on CoinSwitch?

1. You can invest and trade PERP with just ₹100.

2. Trade PERP at a nominal fee.

3. Easily manage your transactions and your portfolio.

PERP ICO summary

Perpetual Protocol started in 2018 but was initially known as Strike. However, the platform rebranded with the launch of its mainnet in December 2020. It raised $10.65 million for nearly 25% of the PERP supply. The initial funding for the project came from a seed round that released 6.25 million PERP. In August 2020, a private round led by Multicoin Capital, Alameda Research, and Three Arrows Capital distributed 22.5 million PERP. In September, it launched publicly via a liquidity mining campaign on Balancer, releasing 7.5 million PERP.

Bitcoin Resources

1. How do I buy Perpetual Protocol?

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To buy Perpetual Protocol, do the following steps:

Step 1:

Sign in to your CoinSwitch app using your registered mobile number. Enter the OTP sent to your phone, then input your CoinSwitch PIN to access your account.

If you don't have an account, click here to register: new account.

Step 2:

After logging in, you'll find your CoinSwitch dashboard. Look at the top right corner for a search icon. Use it to find Perpetual Protocol.

Step 3:

Once you find Perpetual Protocol and are ready to buy, click on the Buy button at the bottom of the screen and follow the instructions to make your purchase.

2. What is the price of Perpetual Protocol?

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The price of 1 Perpetual Protocol is ₹0.

Note: Perpetual Protocol prices are subject to change in the future based on market trends.

3. What is the price of Perpetual Protocol today?

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The current price of 1 Perpetual Protocol is ₹0.

Note: Perpetual Protocol prices are subject to change in the future based on market trends.

4. Can I buy Perpetual Protocol for ₹100?

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Yes! You can buy Perpetual Protocol for as low as ₹100 on the CoinSwitch app.

5. How much is 1 Perpetual Protocol in rupees?

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The current value of 1 PERP is ₹0.

6. What is the current trend in Perpetual Protocol?

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PERP has been NaN% in the last 24 hours.

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PERP to INR Converter

As per last price at 00:00:00, 01/01/70

INR

PERP

TRADE PERP NOW

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