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Which cryptocurrency has the highest growth on 11/30/2022 on the Binance perpetual protocol price
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Which cryptocurrency has the highest growth on 11/30/2022 on the Binance perpetual protocol price
Perpetual Protocol (PERP) PERP/BUSD +28.46%
Perpetual Protocol (PERP) A Decentralized Perpetual Contracts Protocol.
Perpetual Protocol is a decentralized perpetual contracts protocol for every asset, made possible by a virtual Automated Market Maker (vAMM). On Perpetual Protocol, traders can trade perpetual contracts with vAMMs without the need for counterparties.
With the power of vAMMs, if an asset has a price feed on-chain — no matter if it is from Chainlink, Uniswap, or other oracles — Perpetual Protocol can create a perpetual market for it.
In the future, anyone can create new perpetual markets on the platform and get a cut on the transaction fees, akin to the liquidity providers on Uniswap.
PERP is the native utility token of the platform and is used for the following purposes:
Governance: Token holders can use their tokens to vote on the next token being listed on the platform or influence the protocol’s direction.
Staking: Token holders can stake their tokens on the protocol and receive staking rewards and a portion of the transaction fees. The stakers provide backstops for each virtual market.
The vAMMs provide guaranteed on-chain liquidity for perpetual contracts trading with predictable pricing by constant product curves. The vAMMs are also designed to be market neutral and fully collateralized. Perpetual Protocol currently supports 9 pairs - AAVE, BTC, COMP, DOT, ETH, SUSHI, SNX, LINK, and YFI perpetual markets. A new pair is listed around once per week.
The project raised ~10.65MM USD from the following sale rounds:
Private sale round: 15.00% of the total token supply sold at 0.08 USD / PERP.
Public sale round: 3.60% of the total token supply sold via Balancer's Liquidity Bootstrapping Pool (LBP).
As of March 19th, 2021, the total supply of PERP is 150,000,000, and the current circulating supply is ~19.07%.
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