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What Is PERI Finance (PERI)?
PERI Finance is a decentralized cross-chain synthetic issuance and derivative exchange protocol that provides unlimited liquidity on the Polkadot network. It allows users to access traditional financial products and crypto assets easily. PERI Finance solves the problems faced by DeFi projects on Ethereum, such as high gas fees, slow transaction speed, front running, and flash loan attacks, by utilizing Layer2 with OVM (Optimistic Virtual Machine).
On PERI Finance, users can access a wide range of traditional financial and crypto assets through unleveraged and leveraged synthetic products. By staking PERI and minting pUSD, users can convert assets, open long or short positions, and trade various assets without restrictions. Pynths, or Peri Synthetic assets, are synthetic assets that follow the price of the underlying asset. PERI Exchange currently offers Pynths for Forex, Cryptocurrency, and Commodities.
Who Are the Founders of PERI Finance?
- Bowles Gareth David (Co-Founder)
- Pathfinder FX LTD, Director
- King William Street Capital Management LTD, Advisor & Shareholder
- Trade Currency Exchange Limited, Director
- Richard Kim (CEO/Co-Founder)
- KJ Gloivce, CEO, CTO
- FBP Limited, CEO
- FIS Hong Kong, Head of Operations
How Many PERI Coins Are There in Circulation?
Projected Total Supply: 20,000,000
Current Total Supply: 11,000,000
Genesis Supply: 11,000,000
Initial Offering Supply: 4,000,000
The initial supply of PERI is 11,000,000, and an additional 9,000,000 will be issued over 40 months as compensation for staking. This will result in a total circulation of 20,000,000 PERI coins.
Where Can I Buy PERI?
PERI can be bought through IDO/IEO on the following platforms:
- Gate.io
- DuckDao
- KickPad
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Answers
What Is PERI Finance(PERI)?
PERI Finance is a decentralized cross-chain synthetic issuance and derivative exchange protocol that provides unlimited liquidity on Polkadot network. With PERI finance, anyone can access traditional financial products and crypto assets without hustles and bustles. Additionally, PERI Finance provides solutions to current issues suffering Defi-projects on Ethereum including absurdly high GAS fee, slow transaction speed and the possibility of various attacks such as front running and flash loan by harnessing Layer2 with OVM(Optimistic Virtual Machine).
On PERI Finance, anyone can enjoy the opportunity to accessing a wide range of traditional financial and crypto assets in the forms of both unleveraged and leveraged synthetic products by removing difficult procedures and inconvenient processes which are obligatory for anyone to be exposed to the investment assets in the traditional financial market. By simply staking PERI and minting pUSD, users can convert one asset to another or open long or short positions of leveraged contracts underlying various assets without any restriction. Pynth, stands for Peri Synthetic asset, is a synthetic asset which price follows to the price of the underlying asset. Pynths currently provided by PERI Exchange are Forex, Crypto Currency and Commodity.
Who Are the Founders of PERI Finance?
Bowles Gareth David (Co-Founder)Pathfinder FX LTD, DirectorKing William Street Capital Management LTD, Advisor & ShareholderTrade Currency Exchange Limited, Director
Richard Kim (CEO/Co-Founder)KJ Gloivce, CEO, CTOFBP Limited, CEOFIS Hong Kong, Head of Operations
How Many PERI Coins Are There in Circulation?
Projected Total Supply : 20,000,000Current Total Supply : 11,000,000Genesis Supply : 11,000,000Initial Offering Supply : 4,000,000
The first reward comes from PERI inflationary supply policy. Initial supply of PERI will be 11,000,000 and 9,000,000 more will be issued for 40 months as compensation for staking with weekly interval, resulting in a total of 20,000,000 in circulation.
[Where Can I Buy PERI?]IDO/IEO on 10th of May, 20211. Gate.io2. DuckDao3. KickPad
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