What is PERI Finance (PERI) | What is PERI Finance token | What is PERI token
PERI Introduction
PERI Finance is a decentralized cross-chain synthetic issuance and derivative exchange protocol that provides unlimited liquidity With PERI Finance, Anyone can access traditional financial products and crypto assets without hustles and bustles.
Additionally, PERI Finance provides solutions to current issues 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).
PYNTHS
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.
PERI. POOL
PERI Liquidity Pool is a pool created in the process of PERI holders staking PERI and minting Pynth called pUSD. The pool acts as a liquidity provider.
PERI. Exchange
PERI.Exchange is a Pynths derivative DEX without the order book. Users are able to converting one Pynth to another without worrying about how deep the liquidity nor slippage. Users are also able to be benefited by taking short or long positions of Pynths with 20x leverage. The Pynth prices are provided by Oracle while Pynth perpetual contract prices are determined by virtual AMM.
PERI Token
PERI is a utility token used to create a liquidity pool in the process of staking, generating the basic Pynths (PERI Synthetic assets). It is also a tool to be used for voting within PERI DAO, which will play a pivotal role in the development of PERI Finance. PERI holders will receive three different rewards by staking PERI.
- PERI inflation rate rewards
- The distribution of PERI Assets’ revenue
- The distribution of commissions incurred in Pynths transactions and leveraged Pynths contract trading.
They will be distributed to the Stakers based on the contribution to the network.
How and Where to Buy PERI ?
PERI is now live on the Ethereum mainnet. The token address for PERI is …. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.
Just be sure you have enough ETH in your wallet to cover the transaction fees.
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step
You need a wallet address to Connect to Uniswap Decentralized Exchange, we use Metamask wallet
If you don’t have a Metamask wallet, read this article and follow the steps
☞What is Metamask wallet | How to Create a wallet and Use
Next step
Connect Metamask wallet to Uniswap Decentralized Exchange and Buy PERI token
Read more: What is Uniswap | Beginner’s Guide on How to Use Uniswap
There are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once PERI gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ https://www.binance.com
☞ https://www.bittrex.com
☞ https://www.poloniex.com
☞ https://www.bitfinex.com
☞ https://www.huobi.com
Find more information PERI
Website: https://www.pynths.com
Twitter : https://twitter.com/PERIfinance
Medium : https://medium.com/perifinance
Discord : https://discord.gg/FF8U8A458j
Telegram : https://t.me/peri_announcement
Global : https://t.me/peri_global
🔺DISCLAIMER: The Information in the post is my OPINION and not financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
🔥 If you’re a beginner. I believe the article below will be useful to you
⭐ ⭐ ⭐ What You Should Know Before Investing in Cryptocurrency - For Beginner ⭐ ⭐ ⭐
I hope this post will help you. Don’t forget to leave a like, comment and sharing it with others. Thank you!
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