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PERI Finance Stock

PERI Finance

PERI

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PERI Finance Whitepaper

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Gate.ioPERI/USDT00015,683.440cex15/15/2025, 6:33 AM
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PERI Finance FAQ

What is PERI Finance (PERI)?

PERI Finance is a decentralized cross-chain synthetic issuance and derivative exchange protocol offering unlimited liquidity on the Polkadot network. It enables users to access both traditional financial products and crypto assets seamlessly. PERI Finance addresses current challenges faced by DeFi projects on Ethereum, such as high GAS fees, slow transaction speeds, and vulnerabilities to attacks like front-running and flash loans, by utilizing Layer 2 with the Optimistic Virtual Machine (OVM). PERI Finance allows users to access a broad spectrum of traditional financial and crypto assets in the form of both unleveraged and leveraged synthetic products. By eliminating complex procedures and inconvenient processes traditionally required for exposure to investment assets, the platform simplifies the investment experience. Users can stake PERI and mint pUSD to convert assets or take long or short positions in leveraged contracts across various assets without restrictions. Pynth, which stands for Peri Synthetic asset, mirrors the price of the underlying asset. Currently, the Pynths available on PERI Exchange encompass Forex, Cryptocurrency, and Commodity sectors.

Who Founded PERI Finance?

1. Bowles Gareth David (Co-Founder) - Director at Pathfinder FX LTD - Advisor & Shareholder at King William Street Capital Management LTD - Director at Trade Currency Exchange Limited 2. Richard Kim (CEO/Co-Founder) - CEO and CTO at KJ Gloivce - CEO at FBP Limited - Head of Operations at FIS Hong Kong For more insights and detailed information about PERI Finance, please refer to Eulerpool.

What is the Circulating Supply of PERI Coins?

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 reward stems from PERI's inflationary supply policy. The initial supply of PERI is set at 11,000,000, with an additional 9,000,000 to be issued over a period of 40 months as staking compensation, distributed on a weekly basis. This will result in a total circulation of 20,000,000. [Where Can I Buy PERI?] IDO/IEO on May 10, 2021 1. Gate.io 2. DuckDao 3. KickPad

PERI Finance is a decentralized finance platform focused on providing users with a seamless trading experience through its synthetic asset issuance protocol. This protocol enables users to stake PERI tokens and mint pUSD, a stable synthetic asset, which can subsequently be traded for other synthetic assets within the platform. By leveraging the Ethereum and Polkadot ecosystems, PERI Finance aims to deliver high-speed transactions and lower costs to its users. Additionally, the PERI Finance ecosystem includes a decentralized exchange and staking opportunities, providing an extensive range of financial services to its community. For detailed information and the latest updates, you can explore their metrics and performance on Eulerpool.

PERI Finance is a decentralised finance (DeFi) platform operating on the Polkadot network, specialising in the issuance of synthetic assets and derivatives trading. It seeks to provide a seamless and efficient method for users to engage with financial products from both traditional and crypto markets, eliminating common barriers associated with these investments. By leveraging the Polkadot network, PERI Finance offers enhanced liquidity and interoperability across various blockchain ecosystems, presenting a significant advantage over platforms confined to a single blockchain. The platform allows users to mint synthetic assets, known as Pynths, which track the value of real-world assets, including currencies, commodities, and cryptocurrencies. This is achieved through the staking of PERI tokens and the minting of pUSD, a stablecoin, which can then be utilised to trade these synthetic assets. This mechanism provides exposure to various asset classes without the need to directly own or hold the underlying assets, offering a level of flexibility and accessibility previously unavailable to many investors. A key feature of PERI Finance is its focus on minimising transaction costs and enhancing transaction speeds, addressing significant challenges faced by DeFi projects on other networks, such as Ethereum. By implementing Layer 2 solutions with Optimistic Virtual Machine (OVM), PERI Finance aims to mitigate the impact of high gas fees and slow transaction times, thereby making DeFi more accessible and efficient for its users. The founders of PERI Finance, Bowles Gareth David and Richard Kim, bring extensive experience from the financial and technology sectors, contributing to the platform's robust foundation and innovative approach to DeFi. With a total supply of 20,000,000 PERI tokens, the platform has a structured inflationary policy designed to incentivise participation and staking, ensuring a dynamic and engaging ecosystem for its users. In summary, PERI Finance represents a significant advancement in the evolution of DeFi, providing a platform where users can easily access a wide range of financial products without traditional barriers to entry. Its focus on reducing costs, enhancing transaction speeds, and leveraging the capabilities of the Polkadot network positions it as a promising player in the DeFi space. As with any investment, potential users should conduct thorough research to understand the risks and opportunities associated with the platform and its offerings.

What security measures are in place for PERI Finance?

PERI Finance takes a comprehensive approach to security, ensuring the protection of its platform and the assets contained within. This decentralized cross-chain synthetic issuance and derivative exchange protocol utilizes the Polkadot network to provide a secure setting for accessing a diverse range of financial products and crypto assets. The security framework of PERI Finance integrates a distinctive combination of measures designed to safeguard users and their investments. A key component of the platform's security is the bankruptcy-remote trade finance trustee and auditor model. In this model, tokenized trade finance assets are managed directly by a trustee, with their authenticity and integrity verified by an auditor and a trusted oracle. This structure provides an extra layer of security by ensuring assets are accurately represented and protected. Additionally, the assets within PERI Finance are safeguarded by credit insurance, which serves as a safety net against potential losses, thereby reducing the inherent risks associated with these assets. This insurance mechanism is a vital element of the platform's risk management strategy, giving users peace of mind. PERI Finance also supports a bug bounty program, encouraging the identification and reporting of vulnerabilities in exchange for rewards. This program plays a critical role in maintaining the platform's integrity and security by tapping into the collective expertise of the cybersecurity community. The platform is subject to regular audits, which are crucial for identifying and resolving security vulnerabilities. These audits are carried out by reputable third parties, ensuring an unbiased and comprehensive analysis of the platform's security posture. Moreover, secure payment processing is foundational to PERI Finance's security strategy, ensuring that transactions are conducted safely and efficiently. This is especially important given the platform's focus on providing access to traditional financial products and crypto assets, while minimizing the common hurdles associated with such transactions. It is important for users to conduct their own research and comprehend the risks associated with investing in cryptocurrencies. Although PERI Finance has adopted robust security measures, the dynamic nature of the crypto market means that vigilance and informed decision-making are essential for all participants. For more information, you can visit Eulerpool.

What are the potential applications of PERI Finance?

PERI Finance is a decentralized protocol aimed at facilitating the issuance and exchange of synthetic assets and derivatives across multiple blockchain networks. It seeks to address several challenges faced by decentralized finance (DeFi) projects, including high transaction fees, slow processing times, and vulnerabilities to certain types of cyber attacks. By leveraging the Polkadot network and integrating Layer 2 solutions with the Optimistic Virtual Machine (OVM), PERI Finance offers a platform where users can participate in decentralized derivatives trading and create synthetic assets with enhanced efficiency and security. The protocol allows users to access a wide range of assets, encompassing both traditional financial markets and the cryptocurrency space, through synthetic products. These products can be either leveraged or unleveraged, providing flexibility for various investment strategies. Users can engage by staking PERI tokens and minting pUSD, a stablecoin within the ecosystem, which can then be used to trade or invest in numerous assets without the complexities often associated with traditional financial markets. Synthetic assets on PERI Finance, known as Pynths, reflect the value of underlying assets, enabling users to gain exposure to commodities, foreign exchange, and cryptocurrencies without directly holding them. This mechanism simplifies the process of portfolio diversification and risk management, making it accessible to a broader audience. The platform is designed to minimize transaction costs and enhance transaction speed, offering an appealing option for those interested in derivative trading and synthetic asset issuance without the common drawbacks of Ethereum-based DeFi projects. As with any investment in the crypto domain, it is crucial for individuals to conduct thorough research and consider the associated risks. The dynamic nature of cryptocurrency markets means that while opportunities exist, potential pitfalls are also present. Engaging with platforms like PERI Finance necessitates a careful evaluation of one's investment goals and risk tolerance.

What significant events have occurred for PERI Finance?

PERI Finance has established its presence in the decentralized finance (DeFi) sector through a series of significant developments and strategic actions aimed at enhancing its platform and expanding its user base. Among these key milestones, the launch of their synthetic assets issuance and derivatives decentralized exchange (DEX) serves as a foundational step. This launch allowed users to access a wide array of financial products, encompassing both traditional and crypto assets, in a decentralized and efficient manner, addressing common challenges such as high transaction fees and slow processing speeds frequently associated with Ethereum-based projects. A crucial event was the release of their whitepaper, which detailed the technical and operational framework of PERI Finance. This document offered insights into how the platform leverages the Polkadot network to provide unlimited liquidity and how it aims to address prevalent DeFi challenges using Layer2 technology with Optimistic Virtual Machine (OVM). The development of their decentralized cross-chain protocol further underscored their commitment to interoperability and seamless asset exchange across different blockchains. Despite experiencing challenges and changes in revenue and staking support, PERI Finance has demonstrated resilience and adaptability. The team has actively communicated plans for future developments, indicating potential growth and ongoing innovation in the DeFi space. The initial offering of PERI coins, with a total supply target of 20,000,000, was a notable event that attracted attention from investors and users, contributing to the platform's liquidity and stakeholder engagement. The founders, possessing extensive experience in finance and technology, have played a crucial role in guiding PERI Finance through its journey. Their backgrounds have provided a solid foundation for the platform's strategic direction and development. In summary, PERI Finance has navigated through its inception and growth phases with strategic launches, technical advancements, and a clear vision for the future. While the platform continues to evolve, these key events underscore its potential to make significant contributions to the DeFi ecosystem. As with any investment, potential users and investors should conduct comprehensive research to understand the risks and opportunities associated with PERI Finance and the broader cryptocurrency market.

Investors interested in PERI Finance are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.