PERI Finance X BTA Ventures AMA Recap
AMA Info
Date: 13:00(UTC), 15th July 2021
Place: https://t.me/bta_community
Promotion: Total $100 USDT for Best Question Users
Segment 1: Warm-up Question
Lily | Host of BTA Ventures: Could you please kindly introduce PERI to the audiences who haven’t known PERI before?
Gareth Bowles | co-founder of PERI Finance: PERI Finance is a decentralized, cross-chain synthetic asset issuance and derivatives exchange on the Polkadot network. PERI Finance allows access to a wide range of both traditional financial and crypto assets in the form of leverage and non-leverage synthetic products. We empower users with the lower GAS fee, speedy transaction, and amplified security from front-running or flash loans.
Lily: Could you tell us about the successes that PERI achieved from the last time you were here, please?
Gareth: Yes we can, we’ve got lots of additional updates since this April.
First of all, we officially released our staking dApp on Polygon, which is called Matic Mainnet.
Also, we have listed on XT.com this Tuesday. Users can trade PERI tokens on those exchanges:
Gateio: https://www.gate.io/vn/trade/PERI_USDT
MEXC Global: https://www.mexc.com/vi-VN/exchange/PERI_USDT
XT.com: https://www.xt.com/tradePro/peri_usdt
and PERI/ETH for Uniswap.
We are currently making a bridge for BNB holders, and announce to users trading PERI/BNB pair platform soon.
Lastly, we have had partnerships with various major projects like Chainlink and Polygon. Especially, I had an video interview with Chainlink team about details of PERI Finance.
Segment 2: Selected Questions from the Community
Q1. As I know, PERI has just launched dApp, could you please tell us more about your dApp, such as its function or which networks it uses, etc.?
A1. Yes, we launched dApp recently, and we’re providing staking PERI and USDC stablecoin functions by minting pUSD which is the basic Pynths(Synthetic assets) of PERI Finance. Users can claim their rewards by staking PERI. Also, we have launched our staking dApp on the Polygon Network(Matic Mainnet) to ensure low gas-fee and speedy transactions.
We will give a detailed staking guide for users on here:
Q2. Security is a significant part of dApp, so how could you ensure that your dApp will be safe?
A2. Recently, our previous technical partner Chainswap was hacked by anonymous users. But even though hackers stole PERI tokens in Chainswap’s Liquidity pool, the PERI Finance team has swiftly moved to block the hacker’s smart contract address to prevent any additional transaction. And we can declare to users that PERI Finance successfully protected all of the users’ assets by Chainswap’s hacking issue.
Also, we have been audited by CertiK, a reliable code audit institution and declared that PERI’s smart contract doesn’t have any other critical security issues.
As always, PERI Finance will always keep security as a top priority to secure users’ assets.
Q3. Instead of directly trading NFT products, PERI Finance says it plans to launch a service that trades NFT fractional assets, so could you tell us what NFT fractional assets are and how they are different from the regular NFT products we all know?
A3. In PERI Finance NFT Fractional exchange, users can create fractionalized NFT Assets by depositing an NFT Vault. By price rising, Both of original NFT owners and Fractionalized Asset owners can benefit. This is different from other NFT exchanges.
Q4. What is Pynths? What are the benefits for early investors? What are the advantages of staking PERI in the PERI Pool? How do you deal with problems in the pool caused by a lack of liquidity?
A4. Pynths stands for PERI Synthetic Assets and is a synthetic asset of Forex, Indices, Commodities and Cryptocurrency in traditional financial markets. The price moves according to the actual price of the underlying asset.
Users can get rewards for staking PERI tokens on dApp. we allocated most of our PERI token for staking rewards.
Q5. Could you please share PERI’s upcoming plans to our community?
A5. Yes, I will share PERI Finance’s roadmap for you:
- July: Technological Implementation
Chainlink Price Feeds, Polygon Network, DAI Stablecoin, etc. - August: PERI DEX Launch on Testnets
- September: Launch PERI Decentralized Exchange Service
Create and Trade diversified Pynths from PERI DEX
Other Crypto tokens, Forex, Commodities, etc. - October: Launch PERI NFT Decentralized Exchange Service
Generate NFT Fractional Assets by staking NFT on PERI Vault - November: Launch Pynths Perpetual Futures Service
Add leverage to Pynths up to 20X
And we will give additional info on our channel, so please join our channel for updated news!(See bottom of this article)
Segment 3: Live questions from the audiences in the AMA
Q1. Community is integral to any blockchain startup. How do you plan to get the community involved in your project? Do you plan to launch any ambassador program, develop dapps on your platform? What will be the role of these ambassadors?
A1. To communicate with users, we are steadly joining AMA sessions in various crypto channels. And PERI Finance is planning some events who are enthusiastic in our project, so users will able to participate those programs for understanding PERI more. We will notice on our communication channels.
Q2. I want to invest for a long time with your project, but now I am wondering, how can you convince and assure me this is absolutely safe project and attractive profit for both parties?
A2. If you see the recent Chainswap’s hacking issue that I mentioned just before, PERI Finance successfully solved it immediately. And we listed on XT.com exchange after 2 days of issue. This means major exchanges also agree that PERI had sufficient security level to keep users assets safe.
Q3. I’m a developer, and I’m interested in contributing to your project alongsides earning, Do you have any Bug Bounty to check for vulnerabilities?
A3. Yeap. We do have a bug bounty program to users. It’s still open now, so users can check our smart contract code and report for the serious security issues. Bug bounty link is here:
Q4. Marketing is a central element for every project, so that everyone knows the potential that a project can bring is vital to achieve the goals set. What is your strategy to attract new users and Investor to your platform and keep them long term.
A4. PERI Finance acknoledges that many users are quite complex to understand Defi and synthetic assets. So we will keep giving information to users about our products info and details as easy as possible, do more events and communications for users to make interest for users.
Q5. What type of objectives/expectations have you and Peri Finance team set internally as a standard of success by the end of 2021?
A5. We hope our synthetic asset DEX exchange is popularized to many of users in the end of 2021. To achieve this goal, PERI Finance will keep develop and announce further news.
About PERI Finance
PERI Finance is a decentralized, cross-chain synthetic asset issuance and derivatives exchange on the Polkadot network. PERI Finance allows accessing a wide range of both traditional financial and crypto assets in the form of leverage and non-leverage synthetic products. We empower users with the lower GAS fee, speedy transaction, and ample security from front-running or flash loan.
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