PERI Finance price

PERI

#1860

Projected Total Supply : 20,000,000 Current Total Supply : 11,000,000 Genesis Supply : 11,000,000 Initial 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, 2021 1. Gate.io 2. DuckDao 3. KickPad

PERI Finance is a decentralized finance (DeFi) platform that operates on the Polkadot network, focusing on the issuance of synthetic assets and derivatives trading. It aims to provide a seamless and efficient way for users to engage with financial products, both from the traditional and crypto markets, without the common barriers associated with these investments. By leveraging the Polkadot network, PERI Finance offers enhanced liquidity and interoperability across different blockchain ecosystems, which is a significant advantage over platforms limited to a single blockchain.

The platform enables users to mint synthetic assets, known as Pynths, which track the value of real-world assets, including currencies, commodities, and cryptocurrencies. This is achieved by staking PERI tokens and minting pUSD, a stablecoin, which can then be used to trade these synthetic assets. This mechanism allows for exposure to various asset classes without the need to directly own or hold the underlying assets, providing a level of flexibility and accessibility previously unavailable to many investors.

One of the key features of PERI Finance is its focus on minimizing transaction costs and improving transaction speeds, addressing some of the 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 reduce the impact of high gas fees and slow transaction times, making DeFi more accessible and efficient for its users.

The founders of PERI Finance, Bowles Gareth David and Richard Kim, bring a wealth of 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 to incentivize participation and staking, ensuring a dynamic and engaging ecosystem for its users.

In summary, PERI Finance represents a significant step forward in the evolution of DeFi, offering a platform where users can easily access a wide range of financial products without the traditional barriers to entry. Its focus on reducing costs, improving transaction speeds, and leveraging the Polkadot network's capabilities 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.

PERI Finance employs a multifaceted approach to security, ensuring the safety of its platform and the assets within. This decentralized cross-chain synthetic issuance and derivative exchange protocol leverages the Polkadot network to offer a secure environment for accessing a variety of financial products and crypto assets. The security framework of PERI Finance includes a unique combination of measures designed to protect users and their investments.

One of the primary security features is the bankruptcy-remote trade finance trustee & auditor model. This model involves tokenized trade finance assets being managed directly by a trustee, with their authenticity and integrity confirmed by an auditor and a trusted oracle. This structure adds an additional layer of security by ensuring that the assets are accurately represented and protected.

Moreover, the assets within PERI Finance are safeguarded by credit insurance, which provides a safety net against potential losses, further reducing the underlying risk associated with these assets. This insurance mechanism is a critical component of the platform's risk management strategy, offering users peace of mind.

In addition to these measures, PERI Finance has implemented a bug bounty program, which encourages the identification and reporting of vulnerabilities in exchange for rewards. This program is instrumental in maintaining the platform's integrity and security by leveraging the collective expertise of the cybersecurity community.

The platform also undergoes regular audits, which are essential for identifying and rectifying security vulnerabilities. These audits are conducted by reputable third parties, ensuring an unbiased and thorough examination of the platform's security posture.

Furthermore, secure payment processing is a cornerstone of PERI Finance's security strategy, ensuring that transactions are conducted safely and efficiently. This is particularly important given the platform's focus on providing access to traditional financial products and crypto assets without the common hurdles associated with these transactions.

It's important for users to conduct their own research and understand the risks associated with investing in cryptocurrencies. While PERI Finance has implemented robust security measures, the dynamic nature of the crypto market means that vigilance and informed decision-making are crucial for all participants.

PERI Finance operates as a decentralized protocol designed to facilitate the issuance and exchange of synthetic assets and derivatives across multiple blockchain networks. It aims to address several challenges faced by decentralized finance (DeFi) projects, including high transaction fees, slow processing times, and susceptibility to certain types of cyber attacks. By leveraging the Polkadot network and integrating Layer 2 solutions with Optimistic Virtual Machine (OVM), PERI Finance offers a platform where users can engage in decentralized derivatives trading and create synthetic assets with improved efficiency and security.

The protocol enables users to access a broad spectrum of assets, both from traditional financial markets and the cryptocurrency space, in the form of synthetic products. These products can be leveraged or unleveraged, providing flexibility in investment strategies. Users can participate by staking PERI tokens and minting pUSD, a stablecoin within the ecosystem, which can then be used to trade or invest in various assets without the complexities often associated with traditional financial markets.

Synthetic assets on PERI Finance, known as Pynths, track the value of underlying assets, allowing users to gain exposure to commodities, foreign exchange, and cryptocurrencies without directly holding them. This mechanism simplifies the process of diversifying portfolios and managing risk, making it accessible to a wider audience.

The platform's design focuses on minimizing transaction costs and enhancing transaction speed, making it an attractive option for those looking to engage in derivative trading and synthetic asset issuance without the drawbacks commonly associated with Ethereum-based DeFi projects.

As with any investment in the crypto space, it's crucial for individuals to conduct thorough research and consider the risks involved. The dynamic nature of cryptocurrency markets means that while opportunities exist, so do potential pitfalls. Engaging with platforms like PERI Finance requires a careful assessment of one's investment goals and risk tolerance.

PERI Finance has marked its presence in the decentralized finance (DeFi) sector through a series of significant developments and strategic moves aimed at enhancing its platform and expanding its user base. Among these key events, the launch of their synthetic assets issuance and derivatives decentralized exchange (DEX) stands out as a foundational step. This launch enabled users to access a wide range of financial products, including traditional and crypto assets, in a decentralized and efficient manner, addressing common issues such as high transaction fees and slow speeds often associated with Ethereum-based projects.

Another pivotal moment was the release of their whitepaper, which detailed the technical and operational framework of PERI Finance. This document provided insights into how the platform leverages the Polkadot network to offer unlimited liquidity and how it aims to solve prevalent DeFi challenges using Layer2 with Optimistic Virtual Machine (OVM). The development of their decentralized cross-chain protocol further emphasized their commitment to interoperability and seamless asset exchange across different blockchains.

Despite facing challenges and changes in revenue and staking support, PERI Finance has shown resilience and adaptability. The team has actively announced plans for future developments, signaling potential growth and continued innovation in the DeFi space. The initial offering of PERI coins, with a total supply aimed at 20,000,000, was a significant event that attracted attention from investors and users alike, contributing to the platform's liquidity and stakeholder engagement.

The founders, with their extensive experience in finance and technology, have been instrumental 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 highlight its potential to contribute significantly to the DeFi ecosystem. As with any investment, potential users and investors should conduct thorough research to understand the risks and opportunities associated with PERI Finance and the broader cryptocurrency market.