PERI Finance X IM Community AMA Recap
Part 1. Introduction and Questions by Host
Ba Tan | Host of IM Community: Can you briefly describe what is PERI Finance ? We would like to know more about it and how it works.
Gareth Bowles | Co-founder of PERI Finance: PERI Finance is a cross-chain based synthetic asset issuance and derivatives decentralized exchange.
PERI dApp runs on multi-chain networks in Polygon and Binance Smart Chain. Users can exchange synthetic asset, which is tokenized assets that have the same value as original assets.
Ba Tan: Can you tell me more and everyone here about services offered by PERI Finance?
Gareth: We have launched staking dApp service from this July, users can mint pUSD by staking PERI or other kinds of stablecoin like USDC and DAI. pUSD will be used for trading synthetic assets after PERI DEX is launched.
And here’s staking dApp main page image below:
Users can access our staking dApp anytime. Here’s dApp address:
Ba Tan: What role does the $PERI token play in your ecosystem? What benefits will users get from holding it?
Gareth: $PERI token can use for minting pUSD by staking on our dApp, issuing fractionalized NFT, and voting on our governance. Users can claim rewards by staking PERI tokens on our dApp.
I will give you one-pager to understand easier:
Ba Tan: What are the major milestones PERI Finance achieved so far & what are in future pipeline?
Gareth: We’ve launched our staking dApp on July, and also launched it on the BSC Mainnet in two days ago.
So PERI Finance achieved these major milestones:
Launch Staking dApp, Implement multi-chain network by launching on BSC mainnet
And 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
Part 2. Pre-collected Questions
Q1. How can you convince and assure me this project is SAFE?
A1. As you can see on our website, more than 40 investors invested in PERI Finance. This verifies that many renowned crypto supporters have interested in our project. Also, PERI Finance team frequently update notice and answer to various community channels. I recommend you to check project updates on the Twitter channel, then you can assure that PERI Finance has lots of detailed guides with transparent information.
Q2. What is #PERIFinance top 3 things for priorities in 2021? Could you share some plans for the upcoming year?
A2. Here’s PERI Finance’s top 3 priorities milestone on 2021:
- Launch PERI synthetic asset decentralized exchange (PERI.Exchange)
- Launch PERI NFT Decentralized Exchange Service
- Launch Pynths Perpetual Futures Service
Also, we will hold additional events for users. We will hold additional events for users, so please join our community and stay tuned for additional updates on our channel!
Q3. Collaboration and partnerships are one of the cornerstones to making DeFi more widespread, Can you share some of the partnerships you have formed with existing blockchain foundations recently?
A3. PERI Finance agrees that partnerships with investors and projects are essential. PERI Finance got invested by renowned 20+ Venture capitals like LD capital, Oneblock, AU21, Ruby, Dasheng, Coinunited, Ramprate, Momentum6, MoonWhales, and so on. This investment approves that PERI Finance has lots of interest in VC sector. Also, we got lots of partnerships by our connections and VC’s introduction, so that we could promote to as many crypto channels as possible.
For technical partnership, we integrated price feed middleware with Chainlink, Polygon network to enhance transaction speed and save the gas fee for users, and DAI stablecoin that has a widespread token ecosystem.
Q4. There we see many projects that claims they are fully “Decentralized” . But they done their work in a Centralized way. is your project fully Decentralized? Can you please tell us what’s your working method?
A4. Yes, we are. We don’t collect any kind of personal information on staking dApp. Users can access it by adding their wallets on dApp, and done! Also, we will open PERIDAO to users, decentralized governance of PERI ecosystem at the end of this year.
Q5. Bear market will not be easy for a new project to survive. We have seen so many projects failed to survive in the bear market, Have you thought about this? What are the plans on surviving on bear market?
A5. PERI Finance is a long-term-based project. We will keep achieving our milestones whether the market is good or not. With continuous support, PERI Finance will make users easy and useful DeFi platform to users.
Part 3. Featured Live Questions & Answers
Q1. Do you have tutorial videos so we can get to know your project more clearly or do you have a YouTube channel or something? can you share it with us?
A1. Yes we have! Users can join our staking dApp by checking our video tutorial. Here’s the recent guide video address of PERI Finance Youtube channel:
Q2. Can you explain to us how to purchase your token? Will you have private sale and public sale event?
A2. We have listed on Gate.io, MEXC Global, and XT.com to buy PERI with USDT tokens. If you want to use Decentralized exchange, you can find PERI/ETH on Uniswap, PERI/BNB on Pancakeswap, and PERI/MATIC on Quickswap.
Here’s listed exchange address:
A3. Peri exchange is a derivatives exchange, but can you guess how many different types of Derivates are you able to support?
A3. Yes, we will open synthetic asset exchange to users on this year.
And we will support various kinds of synthetic asset, like commodities, stocks, indicies, or other crypto assets etc.
Q4. How does Peri Finance make the bridge between Traditional finance & Blockchain Industries?
A4. Good question! I will give example with explain synthetic assets.
Synthetic assets mean that synthesized assets which have the same values as other assets. For example, let’s say that the Tesla stock’s synthetic token is called pTSLA. You can buy a pTSLA token instead of the stock itself and that price goes the same with original stock.
This will make users trade various kinds of traditional and crypto-assets on a single exchange, and users can buy those assets by minting pUSD on the PERI Finance’s staking dApp. Users can buy pTSLA in PERI DEX, and also they can leverage it up to 20x.
Like this, our DEX will provide various additional services based on traditional asset value. This would be the bridge between traditional finance and blockchain industries.
About PERI Finance
PERI Finance is an innovative synthetics issuance and derivatives market that utilizes blockchain technology to supercharge trades through its protocol.
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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