What is PERP? A detailed introduction to the trading platform and total amount of PERP coins

PERP, a decentralized perpetual contract trading platform on Solana, enables users to trade cryptocurrencies with leverage up to 10x, providing high-yield opportunities with automated liquidations to prevent excessive losses.

Oct 23, 2024 at 09:34 pm

What is PERP?

PERP is a decentralized perpetual contract trading platform built on the Solana blockchain. It allows users to trade various cryptocurrencies with up to 10x leverage.

Features of PERP

• High Leverage: Users can trade with up to 10x leverage, which amplifies both profits and losses.
• No Expiration: Perpetual contracts do not have an expiration date, allowing users to hold positions indefinitely.
• Cross-Margin Trading: PERP utilizes a cross-margin system, where all open positions are funded from a single margin balance.
• Automated Liquidations: Liquidations are executed automatically when a trader's margin falls below a certain level, preventing excessive losses.

Trading Platform

PERP's trading platform is user-friendly and provides various tools for technical analysis. Users can view market charts, place limit and market orders, and track their open positions.

Total Amount of PERP Coins

As of February 2023, the total circulating supply of PERP coins is 100,000,000. The total supply is capped at 200,000,000 PERP.

Conclusion

PERP is a popular decentralized perpetual contract trading platform that offers high leverage and flexible trading options. Its user-friendly platform and automated liquidation system make it attractive to cryptocurrency traders of all experience levels.