How to buy Perpetual Protocol (PERP) in Australia
A beginner's guide to buying and selling PERP in Australia.
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How to buy Perpetual Protocol
Look for an exchange that supports both fiat and cryptocurrency to simplify buying Perpetual Protocol.
- Open an account on an exchange that supports PERP.
Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
- Deposit funds into your account.
Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Perpetual Protocol.
- Buy Perpetual Protocol.
Complete your Perpetual Protocol purchase and then find the best wallet to store PERP.
What is Perpetual Protocol?
Perpetual Protocol is a decentralised derivatives exchange where you can trade with up to 10 times leverage. On Perpetual Protocol you can go long and short on crypto assets such as BTC, ETH and DOT and pay zero gas fees. In the future it will also aim to list traditional assets such as gold and oil. PERP is Perpetual Protocol’s native token. It is designed to facilitate and encourage the governance of the protocol and gives PERP holders proportionate voting rights. PERP token holders are also eligible to stake their tokens and earn rewards, in the form of excess fees earned from operating the exchange.
Perpetual Protocol (PERP) is the 205th largest cryptocurrency in the world by market cap, valued at $136,170,339. The current price of Perpetual Protocol is $5.01, which is 9.720% higher than yesterday. Prices have ranged between $5.46 and $3.69 over the past 24 hours. All prices are listed in US dollars and accurate as of June 23, 2021 08:06 UTC.
Where to buy Perpetual ProtocolFind an exchange to buy, sell and trade PERP by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Perpetual Protocol at a glance
|Total PERP supply||150,000,000|
|All time high||US$16.14|
|Notable team members||Yenwen Feng, Shao-Kang Lee|
|Partnerships||Multicoin Capital, Zee Prime Capital, Three Arrows Capital, CMS Holdings, LLC., and Alameda Research|
|Industry||Decentralised perpetual contract protocol|
|Token uses||Governance, staking|
Perpetual Protocol price performance over time
How to sell Perpetual Protocol
You can cash out your PERP with the same exchange you bought it through:
- Sign in to the exchange you have PERP on.
If you store your Perpetual Protocol in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of PERP you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of Perpetual Protocol.
What to consider when buying Perpetual ProtocolAs a cryptocurrency investor here are some of the important factors to consider before buying PERP:
- Supply. The total supply of PERP tokens is capped at 150 million. The total supply can be inflated if token holders vote to mint more tokens or if the insurance fund is depleted forcing PERP to be minted in order to make up for the shortfall. According to the Perpetual Protocol website, there is a low chance of either event occurring.
- Governance. Once the tokens are more broadly held by the community, it is envisaged that Perpetual Protocol will transition to a community governance model where token holders can use their staked PERP tokens to vote on or propose new ideas.
- Staking. As a PERP token holder you can lock up or “stake” your PERP for a fixed amount of time. In return, you will be rewarded with part of the transaction fees collected by the Perpetual Protocol exchange. With PERP you can stake for as short or as long as you wish but unstaking will require a cool down period of 14 days.
- Release schedule. PERK tokens allocated to seed and strategic investors were unlocked in December 2020. The PERK tokens allocated to team and advisors are due to be unlocked in June 2021.
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