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About PERI Finance
Key Points
- PERI Finance is a decentralized cross-chain synthetic issuance and derivative exchange protocol on Polkadot network.
- It provides unlimited liquidity and solutions to current issues suffering Defi-projects on Ethereum.
- PERI Finance enables users to access traditional financial products and crypto assets without hustles and bustles.
Founders
- Bowles Gareth David (Co-Founder)
- Richard Kim (CEO/Co-Founder)
Token Supply
- Projected Total Supply: 20,000,000</
About PERI Finance: Empowering the Future of Decentralized Finance
Introducing PERI Finance (PERI): A Revolutionary DeFi Platform
PERI Finance is a decentralized, cross-chain synthetic issuance and derivative exchange protocol, offering unlimited liquidity on the Polkadot network. Through PERI Finance, individuals can seamlessly access traditional financial products and crypto assets, unencumbered by the usual complexities. Furthermore, PERI Finance addresses the current pain points plaguing DeFi projects on Ethereum, including exorbitant GAS fees, sluggish transaction speeds, and vulnerabilities to attacks such as front running and flash loans, by leveraging Layer 2 technology with OVM (Optimistic Virtual Machine).
On PERI Finance, individuals can seize the opportunity to access a diverse range of traditional financial and crypto assets in the form of both unleveraged and leveraged synthetic products, unencumbered by the cumbersome procedures and inconvenient processes typically required to invest in traditional financial markets. By simply staking PERI and minting pUSD, users can effortlessly convert one asset to another or open long or short positions on leveraged contracts underlying various assets, free from restrictions. Pynth, short for Peri Synthetic asset, is a synthetic asset whose price mirrors that of the underlying asset. Currently, PERI Exchange offers Pynths in Forex, Cryptocurrency, and Commodity categories.
The Visionary Founders Behind PERI Finance
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Bowles Gareth David, Co-Founder of Pathfinder FX LTD, Director of King William Street Capital Management LTD, and Advisor and Shareholder of Trade Currency Exchange Limited, serves as a Director.
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Richard Kim, CEO and Co-Founder, formerly of KJ Gloivce, has held positions as CEO and CTO of FBP Limited, CEO of FIS Hong Kong, and Head of Operations.
Notable entrepreneur Bowles Gareth David holds esteemed positions as Co-Founder of Pathfinder FX LTD, Director of King William Street Capital Management LTD, and Advisor & Shareholder of Trade Currency Exchange Limited, as well as Director.
Richard Kim, CEO and Co-Founder, boasts an impressive pedigree, having held esteemed positions as CEO of KJ Gloivce, CTO of FBP Limited, CEO of FIS Hong Kong, and Head of Operations.
The Circulating Supply of PERI Coins: A Closer Look
The projected total supply of our cryptocurrency is capped at 20,000,000. As of now, the current total supply stands at 11,000,000. The genesis supply, which marks the inception of our project, is also 11,000,000. Furthermore, the initial offering supply is set at 4,000,000.
The inaugural reward stems from PERI’s inflationary supply policy. The initial supply of PERI is set at 11,000,000, with an additional 9,000,000 units to be issued over a 40-month period as compensation for staking, with weekly intervals, ultimately culminating in a total circulation of 20,000,000 units.
Discover where to purchase PERI: Following a successful IDO/IEO launch on May 10th, 2021, PERI is now available on prominent exchanges, including 1. Gate.io, 2. DuckDao, and 3. KickPad.
Introducing PERI Finance: A Revolutionary DeFi Ecosystem
PERI Finance is a decentralized finance (DeFi) platform situated on the Polkadot network, specializing in the issuance of synthetic assets and derivatives trading. It strives to provide a seamless and efficient conduit for users to engage with a diverse array of financial products, encompassing both traditional and crypto markets, unhindered by the conventional barriers associated with these investments. By harnessing the power of the Polkadot network, PERI Finance offers unparalleled liquidity and interoperability across disparate blockchain ecosystems, thereby conferring a significant advantage over platforms constrained to a single blockchain.
The platform empowers users to create synthetic assets, known as Pynths, which mirror the value of real-world assets, encompassing currencies, commodities, and cryptocurrencies. By staking PERI tokens and minting pUSD, a stablecoin, users can subsequently utilize this stablecoin to trade these synthetic assets. This innovative mechanism affords exposure to diverse asset classes without necessitating direct ownership or physical possession of the underlying assets, thereby providing an unprecedented level of flexibility and accessibility to a broad range of investors.
One of the hallmark features of PERI Finance is its concerted effort to mitigate transaction costs and accelerate transaction velocities, thereby addressing some of the most pressing challenges confronting DeFi projects on other networks, notably Ethereum. By integrating Layer 2 solutions with Optimistic Virtual Machine (OVM), PERI Finance seeks to alleviate the burden of exorbitant gas fees and sluggish transaction times, thereby rendering DeFi more accessible, efficient, and user-friendly.
The visionary founders of PERI Finance, Bowles Gareth David and Richard Kim, leverage their extensive expertise from the financial and technology realms to establish a robust foundation and pioneering approach to decentralized finance (DeFi). With a capped total supply of 20,000,000 PERI tokens, the platform implements a carefully crafted inflationary policy, designed to incentivize active participation and staking, thereby fostering a vibrant and immersive ecosystem for its users.
In summary, PERI Finance marks a significant milestone in the evolution of decentralized finance (DeFi), providing a platform that seamlessly grants users access to a diverse array of financial products, unhindered by traditional barriers to entry. By prioritizing cost reduction, enhancing transaction speeds, and harnessing the capabilities of the Polkadot network, PERI Finance emerges as a promising contender in the DeFi landscape. As with any investment, prospective users are advised to conduct exhaustive research to fully comprehend the risks and opportunities inherent to the platform and its offerings.
PERI Finance Security: A Fortress of Protection
PERI Finance adopts a multi-layered security paradigm, safeguarding the integrity of its platform and the assets it harbors. As a decentralized, cross-chain synthetic issuance and derivative exchange protocol, it harnesses the robust infrastructure of the Polkadot network to provide a secure environment for users to access a diverse array of financial products and crypto assets. The security framework of PERI Finance is built upon a distinctive amalgamation of measures, carefully crafted to shield users and their investments from potential threats.
One of the primary security features is the innovative bankruptcy-remote trade finance trustee and auditor model. This model entails tokenized trade finance assets being directly managed by a trustee, with their authenticity and integrity rigorously verified by an auditor and a trusted oracle. This structure introduces an additional layer of security, thereby ensuring that the assets are accurately represented and safeguarded.
Furthermore, the assets within PERI Finance are fortified by a comprehensive credit insurance policy, which serves as a protective shield against potential losses, thereby mitigating the underlying risks associated with these assets. This insurance mechanism constitutes a pivotal component of the platform’s risk management strategy, affording users unwavering confidence and peace of mind.
Beyond these safeguards, PERI Finance has instituted a bug bounty program, which incentivizes the discovery and disclosure of vulnerabilities in exchange for rewards. This initiative plays a pivotal role in upholding the platform’s integrity and security by harnessing the collective expertise of the cybersecurity community.
The platform is subject to regular, rigorous audits, a crucial process for uncovering and remedying potential security vulnerabilities. These comprehensive examinations are carried out by esteemed, independent third-party entities, guaranteeing an impartial and meticulous assessment of the platform’s overall security stance.
Moreover, PERI Finance’s security strategy is anchored by robust payment processing, guaranteeing the secure and efficient execution of transactions. This is of paramount importance, given the platform’s mission to seamlessly integrate traditional financial products and crypto assets, thereby eliminating the customary obstacles inherent in these transactions.
It is essential for users to undertake their own thorough research and grasp the inherent risks associated with investing in cryptocurrencies. Although PERI Finance has instituted stringent security protocols, the volatile nature of the crypto market necessitates that all participants exercise vigilance and informed decision-making.
In What Ways Will PERI Finance Be Utilized?
PERI Finance functions as a decentralized protocol, expertly designed to facilitate the seamless issuance and exchange of synthetic assets and derivatives across a multitude of blockchain networks. By addressing the plethora of challenges faced by decentralized finance (DeFi) projects, including exorbitant transaction fees, sluggish processing times, and vulnerability to specific types of cyber threats, PERI Finance offers a robust solution. Leveraging the Polkadot network and seamlessly integrating Layer 2 solutions with the Optimistic Virtual Machine (OVM), PERI Finance provides a platform where users can engage in decentralized derivatives trading and create synthetic assets with enhanced efficiency and security.
The protocol empowers users to tap into a diverse range of assets, spanning traditional financial markets and the cryptocurrency realm, through the creation of synthetic products. These innovative instruments can be leveraged or unleveraged, thereby affording investors the flexibility to tailor their investment strategies to suit their unique needs. By staking PERI tokens and minting pUSD, a stablecoin native to the ecosystem, users can seamlessly trade or invest in a multitude of assets, sidestepping the complexities often inherent in traditional financial markets.
Synthetic assets on PERI Finance, referred to as Pynths, mirror the value of underlying assets, thereby enabling users to gain indirect exposure to commodities, foreign exchange, and cryptocurrencies, all while avoiding direct ownership. This innovative mechanism streamlines the process of diversifying portfolios and managing risk, thereby rendering it more accessible to a broader audience.
The platform’s design prioritizes the minimization of transaction costs and the optimization of transaction speed, rendering it an appealing solution for individuals seeking to participate in derivative trading and synthetic asset issuance, unencumbered by the limitations typically inherent in Ethereum-based DeFi projects.
As with any venture into the realm of cryptocurrency, it is imperative for individuals to undertake exhaustive research and carefully weigh the attendant risks. The inherently volatile nature of cryptocurrency markets presents a dual landscape, where opportunities for growth coexist with potential pitfalls. Therefore, engaging with platforms like PERI Finance necessitates a meticulous evaluation of one’s investment objectives and risk tolerance.
What pivotal milestones have marked PERI Finance’s journey?
PERI Finance has made a notable impact in the decentralized finance (DeFi) landscape through a series of pivotal developments and strategic maneuvers aimed at augmenting its platform and broadening its user base. Among these key milestones, the introduction of its synthetic assets issuance and derivatives decentralized exchange (DEX) stands out as a seminal step. This launch has empowered users to access a diverse array of financial products, encompassing traditional and crypto assets, in a decentralized and efficient manner, thereby mitigating common pain points such as exorbitant transaction fees and sluggish speeds often inherent in Ethereum-based projects.
A pivotal milestone was the publication of their whitepaper, which outlined the technical and operational framework of PERI Finance. This seminal document offered a glimpse into how the platform harnesses the power of the Polkadot network to provide unlimited liquidity and tackles pervasive DeFi challenges by leveraging Layer2 technology with Optimistic Virtual Machine (OVM). The development of their decentralized cross-chain protocol underscored their dedication to interoperability and seamless asset exchange across disparate blockchains.
Notwithstanding the challenges and fluctuations in revenue and staking support, PERI Finance has demonstrated remarkable resilience and adaptability. The team has proactively unveiled plans for future developments, hinting at potential growth and sustained innovation within the DeFi ecosystem. The inaugural offering of PERI coins, boasting a total supply of 20,000,000, proved to be a pivotal event that garnered significant attention from investors and users alike, thereby bolstering the platform’s liquidity and stakeholder engagement.
The founders, leveraging their profound expertise in finance and technology, have played a pivotal role in steering PERI Finance through its transformative journey. Their illustrious backgrounds have laid a robust foundation for the platform’s strategic trajectory and development.
In summary, PERI Finance has successfully navigated its formative stages, marked by strategic launches, technological innovations, and a clear vision for the future. As the platform continues to evolve, these pivotal milestones underscore its potential to make a substantial impact on the DeFi ecosystem. As with any investment, prospective users and investors are advised to conduct exhaustive research to fully comprehend the risks and opportunities inherent to PERI Finance and the broader cryptocurrency market.