What Is PERI Finance(PERI)?
PERI Finance is a decentralized cross-chain synthetic issuance and derivative exchange protocol that provides unlimited liquidity on Polkadot network. With PERI finance, anyone can access traditional financial products and crypto assets without hustles and bustles. Additionally, PERI Finance provides solutions to current issues suffering Defi-projects 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).
On PERI Finance, anyone can enjoy the opportunity to accessing a wide range of traditional financial and crypto assets in the forms of both unleveraged and leveraged synthetic products by removing difficult procedures and inconvenient processes which are obligatory for anyone to be exposed to the investment assets in the traditional financial market. By simply staking PERI and minting pUSD, users can convert one asset to another or open long or short positions of leveraged contracts underlying various assets without any restriction. 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.
Who Are the Founders of PERI Finance?
1. Bowles Gareth David (Co-Founder)
Pathfinder FX LTD, Director
King William Street Capital Management LTD, Advisor & Shareholder
Trade Currency Exchange Limited, Director
Richard Kim (CEO/Co-Founder)
KJ Gloivce, CEO, CTO
FBP Limited, CEO
FIS Hong Kong, Head of Operations
How Many PERI Coins Are There in Circulation?
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