Perpetual Protocol PERP

Perpetual Protocol is a decentralized protocol that allows for the creation of perpetual contracts for any asset. These contracts are similar to futures contracts but do not have an expiry date. The protocol utilizes a Virtual Automated Market Maker (vAMM) to enable trading with up to 20x leverage, transparent fees, and 24/7 guaranteed liquidity. The protocol's native token is called PERP. Currently, the protocol is undergoing an audit and is expected to launch in September.

Perpetual Protocol is unique compared to other cryptocurrencies because it is a decentralized perpetual contract protocol for every asset. It utilizes a Virtual Automated Market Maker (vAMM) to enable the trading of perpetual contracts, which are derivatives similar to futures contracts but without an expiry date. This allows traders to trade with up to 20x leverage long or short, enjoy transparent fees, and have 24/7 guaranteed liquidity. Additionally, Perpetual Protocol offers the flexibility to migrate to new scaling solutions if a more suitable one emerges, giving power to the community to make decisions. The protocol also stands out in terms of its naming convention, as it specifically chose "Perpetual" to align with its core product and ticker symbol "PERP." Overall, Perpetual Protocol aims to provide a unique and comprehensive solution for perpetual contracts in the cryptocurrency space.