PERI Finance x XT.com AMA Recap
AMA Info
Date: 07:00(UTC), 13th July 2021
Place: https://t.me/XTensupport
Promotion: Total $100 USDT for Best Question Users (10 Users)
Part 1. Introduction
Joyce | XT.com Host : Can you give our audience a brief introduction of PERI?
Gareth Bowles | Co-founder of PERI Finance: Sure, 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 amplified security from front-running or flash loan.
Joyce: I have checked your project has got impressive ratings by some top crypto rating websites. How did you take these ratings?
Gareth: At first, 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 interests on 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.
Joyce: Can you give our community a brief introduction behind the inspiration to build PERI?
Gareth: Alright. Even though the Crypto industry has developed from last several years, CEO Richard and I acknowledged that there has still a high-rise barrier between traditional finance and crypto sector. So, I wanted to make bridge for users who are invested on cryptocurrency, and so does for traditional finance investors. This is the inspiration to build PERI Finance.
Joyce: In the Crypto industry, what do you think of the current state? What do you think that needs to be improved?
Gareth: Well, you know, it is pretty hard to predict overall crypto industry. But judging from the DeFi sector, I think there still has lots of potential. There are plenty of DeFi projects developing right now, and still have lots of things to achieve, and so does PERI Finance. So we will make users easier to approach synthetic assets trade service.
Joyce: How does the PERI team plan to tackle these issues to reach mass adoption?
Gareth: In PERI Finance, users can trade variety of synthetic assets and leveraged assets on single exchange. So, users and arbitragers can trade more convenient than any other DEX platform, and this is the definite difference between other dApps and PERI Finance. We will achieve to make users trade synthetic assets much easier, and reach mass adoption of our dApp.
Joyce: What is your timeline, and what can we look forward to from PERI?
Gareth: We will launch synthetic assets decentralized exchange by September, and NFT fractional assets exchange by October. To maintain dApp ecosystem by decentralized governance, PERIDAO will establish in December.
Joyce: Anything else do you want to share with our community?
Gareth: Yes, first of all, PERI is listed on XT.com, so users can freely trade on XT’s exchange platform. Also, PERI Finance recently launched staking dApp, and users can get rewards by participating our staking program. Users can participate staking program by buying PERI on XT.com, and transfer to PERI wallet, connect and participate PERI dApp. Also, we will keep update about our news and events on our community channels, so please follow our channels and support us, thank you!
Part 2. Answers from Live-Questions
Q1: I want like to know more about your project and How it can benefit me in a long way, can you help me with any guide?
A1: We have detailed medium guides to participate users on our staking program, I will share links on here:
Q2. Can you give an overview of your tokenomics? Can we see token burns or buy backs in future?
A2. Sure, I will share tokenomics image for you to understand easier.
For the long-term supporters, we allocated staking program for the most. And we don’t have any PERI token burn or buyback plan, so feel free to participate our staking program.
Q3. What’s your plan for global adoption? Especially for people that can’t speak English, How will you attract them to PERI?
A3. We’re currently supporting various language communities such as China, Korea, and Vietnam. Also, we will make additional communicating channels by users status on PERI Finance, so please stay tuned for further updates!
Q4. Do you have plan to work with ethical hacker? I mean will you launch a bounty program for bug checker?
A4. Yes, we are currently opening Bug bounty program, so users can freely participate program to review our smart contract code, and suggest for update.
Here’s bug bounty program address:
Q5. Any info regarding your roadmap? What new development and feature that user will have in nearly future?
A5. Yes we have. I will share PERI Finance’s roadmap for you:
- July: Technological Implementation with Major Partners
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
Q6. How will PERI token be used in the future?
A6. PERI token is now used on minting pUSD at staking dApp, which is basic synthetic asset called ‘Pynths’, and this pynths will used on trading various kinds of other synthetic assets.
Q7. How secured is PERI Finance’s smart contracts code, did you ever audit it via any third party? What has been the biggest challenge you have faced in your project development?
A7. Yes we have. we’ve got audited by ‘CertiK’ most realible firm on code auditing. Also to secure user’s amount, we are fully prepared for all reknown critical issues. You can see detailed report on this page:
Q8. Do you have any plans to attract non-crypto investors to #PERI who are still not in the crypto world specially as a new project entering to crypto. What are the plans to increase awareness about #PERI around in non-crypto space?
A8. Sure we are. we are going to explain as easier as possible to new users who are hesitates about joining Defi ecosystem. Also, we will join lots of community programs like AMA session, community talk and so on.
You can check my previous interview with Chainlink on Youtube below:
https://youtu.be/dAE1g6qMsvo
Q9. With blockchain being such a young industry, Partnerships are an integral component of any project journey. Which types of Partnerships have PERI already attained & What are the plans on this front moving forward?
A9. PERI Finance also agrees that partnerships with several projects are essential. So that we integrated price feed middleware with Chainlink, and partnership with Polygon network to enhance transaction speed and save gas fee for users.
Also, we will integrate with various major blockchain projects. So please stay tuned for our updates.
Q10. What is the most ambitious goal of your project? I would appreciate it if you could share with us any Upcoming Updates?
A10. By PERI Finance DEX Platform, we will brake the barrier between traditional and crypto finance for any users. Our goal is to make DEX platform approach easier to any users, and we will keep trying for it.
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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