This week, the Perpetual Protocol (PERP) crypto asset will be listed on Indodax. Open deposit will start on October 21, 2021 at 14:00 WIB and open trading will start on October 22, 2021 also at 14:00 WIB.
Curious? Take it easy, because before buying, it is important for you to find the background of a project so that you can have the most suitable crypto asset. And this time, Indodax Academy will share and you can read this article to get to know more about the Perpetual Protocol.
What is the Perpetual Protocol (PERP)?
The Perpetual Protocol was launched in late 2019, initially under the name Strike Protocol. The Perpetual Protocol is built on a Uniswap-inspired automated market maker (or AMM) design (constant product curve). Liquidity pool Perpetual Protocol is virtualized and algorithmically defined. Rather than relying on liquidity providers to determine specific market curves, the Perpetual Protocol can programmatically set and update virtual AMM parameters and offer competitive products for specific markets at any time.
His team claims that PERP is the first virtual AMM (vAMM), which enables makerless markets while still guaranteeing on-chain liquidity. These makerless markets reduce the demand for capital that traditional markets need and pave the way for a new and thriving future.
PERP holders can stake their assets into the Perpetual Protocol staking pool for a certain period of time. In return, shareholders are rewarded with a percentage of the transaction fees accumulated across the protocol in addition to the inflation wagering reward. The Perpetual Protocol is backed by a Decentralized Autonomous Organization (DAO) with a strong presence in Asia.
How to Buy PERP Crypto Assets on Indodax
PERP crypto assets work on top of the ERC20 system. CoinMarketCap’s current rating is #88, with an immediate market cap of $1,142,007,765 USD and has an outstanding supply of 68,700,000 PERP and max. supply is not available.
For those of you who want to buy PERP crypto assets, you can buy them on Indodax starting October 22, 2021 at 14:00 WIB. Here’s how to buy PERP crypto assets:
- For those of you who are not yet a member, you can click the link here
- After that, make a deposit. For those of you who are confused about how to deposit, click on this link
- After your deposit and balance come in, you can return to the market
- Look for PERP in the Rupiah market then click
- After entering, all you have to do is buy by filling in the balance and at what price you want to buy PERP. You can also buy it instantly or directly at the current price
- After that, you need to patiently wait for the price to increase for some time
- After the price increases, you can sell at a higher price with the instant method
- If you sell with the limit method, you can place an order after buying. Make sure you enter a higher number when selling.