We are pleased to announce our next AMA on July 31st 2021 at 03:00 PM UTC Time: Satoshi Club x Peri
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Peri Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Peri Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Peri
For more details:
Peri Website – pynths.com
Peri Telegram – @peri_global
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Tell us the intricacies of Peri staking. What is the C-ratio and why 1pUSD is always 4USD. How does the PERI price affect the staking profitability and how to calculate the profit?
1.I wonder what benefits are given to holders who trust and hold peri, and what can I do with peri?
2.It’s hard to check the peri-related roadmap on the peri team’s website, but I wonder what do you think is the big task or achievement that peri team has achieved while developing it?
3.3 What is the function of Pyths and what is the role of Pyths in the project?
1: Do you have any plans to add Nft’s to your ecosystem as this is the hottest topic in the crypto space?
Are your team planning to launch an LP reward program in the future, which will also be followed by the bug bounty program I really want that to be answered
How will you protect the token value? Will there be repurchase or burning?
@tg: @fury35
Prior to your triple IDO that was held on 10th of May in kickpad, DuckStarter and gate.io, you were here for AMA on May 7th to introduce PERI to us. Ever since then, I have seen that your project has been progressing . Although you told us back then that you will be able to migrate fully to Polkadot by the end of July, I don’t think this has been achieved yet. Can you provide some updates on some of these developments and the milestones you have been able to conquer since your last visit? Also, I have seen that you will launch your high yield staking dApps on BSC with an APR of 1025% on staking. Can you provide some details on this event and how users will join? When will you complete this BSC staking testing that you are currently doing and when will it be finally released?
PERI operates a PERI Exchange that function as Pynths derivative DEX without an order book. I read that this exchange has no need for liquidity provision but yet it has infinite liquidity that can allow users to convert one Pynths to another seamlessly. Can you explain how this exchange work and how it enable the exchange of different Pynths derivative product without slippage? What are virtual AMM (vAMM)and how does this exchange use vAMM unique property to power Pynths exchange and trading? How does this provide infinite liquidity without the need of having liquidity providers?
There was an unpleasant event that happened on July 11th where a hacker gained access to $PERI by hacking ChainSwap and stole about 61,000 $PERI. I gathered that he was able to sell 10,000 $PERI on MEXC and was making frantic effort to sell the remaining tokens before the team was alerted and tried to stop further drop of $PERI price. What really happened? How many investors were affected by this incidence and in what way did it affect your project financial balance? How were you able to request Ethereum to block the hackers Smart-Contracts since DeFi activities are decentralized? What is the status of the remaining 51,000 $PERI and how to you plan to prevent a similar reoccurrence?
I read an article that said you would launch on BSC Mainnet with a 1025% APY on staking. As a new investor, I’d like to know what are the specifics of staking with Peri. What are the requirements, what is the coin or token I should stake in, in what token do I get my rewards, is there any punishment for staking and unstaking constantly? Also, is that APY the standard or is there a minimum APY? How risky is it?
Could you tell us more about your Pynths’ NFT-linked synthetic assets? What are the advantages over other NFTs? Is there an estimated value for them? Will they be rewarded to users through regular airdrops or can they be purchased? If so, do you need to hold or have staked a certain amount of Peri tokens to be able to do so?
PERI Finance offers solutions to the current problems suffered by Defi projects in Ethereum, where the exchange does not need a liquidity provider, on this platform users can have the opportunity to access a wide range of traditional financial resources?
PERI Finance is a derivatives exchange protocol and decentralized synthetic issuance between chains that provides unlimited liquidity in the network, creating a liquidity pool in the participation process, with PERI fianance, anyone can access financial products and crypto assets without hassle no hustle and bustle?
Polkadot’s parachain auction is quite complicated for especially new beginners. While you are trying to teach Peri to your audience, will you also help them to understand the Polkadot’s system? Maybe it is not that much easy to answer here but I wonder why projects need parachain auctions? What happens after a project get a parachain auction slot? As I know the tokens are locked in the system even after the a project wins a parachain slot. Why?
From what I can see we are facing a great project, which is financially very well supported, in the last 24 hours PERI Finance has risen 2.88%, as they estimate its evolution soon, which are the cryptographic financed assets to which they are can access and why does PERI provide unlimited liquidity in the POLKADOT network?
Do you think that Binance Smart Chain is competitively more powerful than ETHEREUM for handling lower rates, but in addition to this point, which other characteristic of BSC directly benefits PERI, this bullish season will be a springboard that will facilitate the launch of its complete Dapp ecosystem. What will be the bridges through which the exchanges can be made?
Every project needs a set of elements to build a solid and safe structure in the market that attracts investors, users and partners, in order of priorities as Peri Finance is structurally formed, because it does not need liquidity providers, which function Pynths fulfills, what is it? its usefulness and what are the main benefits it brings to the project?
with the launch of the participation dApp in Matic Mainnet. since when can users coin Pynth’s basic pUSD in staking plans and how much staking plans and what percentage of profit will users get? and also how it is possible to refund the tokens bet by selecting PERI, USDC, PERI and USDC.
What is the issue of decentralized synthetic assets for PERI Finance and between chains and explain to us, to better understand since there is little information about what decentralized synthetic assets means? and how to use leveraged and unlevered.? Thank you
PERI Finance offers users a low gas rate and achieving transactions is faster as achieving these objectives if more than 1000 users are doing a transaction at the same time that PERI Finance offers responsiveness and security at the time of a transaction. ??
Your NFT-linked synthetic assets aims to revolutionate the NFT market for artists and investors and I’d like you to tell us the strengths of your NFTs model and what utilities can have for monetizing content in a different way than we are used to .. Can you tell us all about your NFTs?
PERI’s trading feature will be live soon and from what I saw it will have “infinite liquidity”, can you clarify what does this concept means? Also, what novedous trading features will be added in this platform?
According to the roadmap, PERI Finance is planning a Launch Pynths Perpetual Futures Service in November. Please tell us what kind of service it is, who is it focused on and who will have access to? What features and functions will Pynths Perpetual Futures Service have and how will members of the PERI community be able to access this service?
PERI Finance is a decentralized synthetic issuance and derivatives exchange protocol on the Polkadot network, tell us a little about the unique opportunities you offer to the community, what are your differences, what makes you stand out from all similar projects and with respect to the Polkadot network, why did you decide to choose it, what are the benefits it will bring you and how will you manage to stand out, of course, in this network?
on your website i could notice that you have your own exchange, on this page you mention that, PERI.Exchange is a DEX derived from Pynths without order book. could you expand this information, tell us about the benefits of this exchange, its differences, what will be allowed to the users on it and how to get a good liquidity flow?
I read that Pynths NFTs will be a game changer for the mass market NFTs, tell us what are these changes you are referring to, today there are many projects working with NFTs that have covered practically the entire market, so how will you make your NFts successful, that every NFT that is on the market, coming from Pynths is valuable?
every investment is risky, but how risky is to invest in Peri Finance, many are the projects that talk about its benefits, but few dare to mention to their users the risks that may exist, so, could you tell us about this topic, also tell us about the strategies you have developed to minimize these possible risks?
Peri exchange is a derivatives exchange, but can you guess how many different types of Derivates are you able to support?
❤️ The Pynths NFTs are synthetics assets, so that means that their price is pegged to something, so my question is: what are the assets that Peri support to create synthetics? Real world assets, commodities?
$ PERI finance was recently launched on BSC mainnet with 1025% APY on staking, that’s awesome, can you tell us how long will this offer be sustained? How attractive will the rewards be to stakers? And can you tell us what advantages it will have in terms of the cost of fees, speed and security?
PERI Finance launched the staking dApp and now the participants can stake their PERI in staking dAPP. This staking dApp mainly has three following functions: Staking, Burn and Claim. Please tell us about your application in more detail, is it available on all mobile devices, where can we download it and are there any restrictions for use in any countries? What other functions does staking dAPP have besides Staking, Burn and Claim, please tell us about that?
Do you have a guide or terminology that explain the details or procedures of minting your Pynths NFTs successfully?
You point out that one of the characteristics that will identify Pynths NFT is that it will not have any market manipulation, but could you tell us more about it? really in the NFT markets despite having little liquidity, also how much with great manipulation?
I understand that the prices of Pynth’s perpetual contracts will be determined by the virtual AMM, but really this “virtual AMM” used in Pynths does not have unique algorithmic features? Or will it be exactly the same as the AMMs used in other derivatives platforms but only adapted to synthetic assets?
Could you tell us a little more about NFT Government? will it really be a DAO governance used only in PYNTHS NFT? Or will it be an additional benefit that you will count the owners of the NFT collectibles?
You say that Pynths provides unlimited liquidity on the Polkadot network, but is it really guaranteed that all your synthetic tokens will have that liquidity? or will that depend on the market for your underlying tokens?
In PERIExchange can only Pynth synthetic tokens be traded and exchanged? If so, really any tokens can be easily changed to your synthetic Pynth tokens? Or really in all these changes there will be great losses of commissions?
This PIP system (PERI improvement proposals) that you have created will be exactly similar to the one used in the governance of other projects, where each one makes a proposal and then they are chosen through voting?
You mention that many platforms, projects and interfaces are already using the derivatives liquidity enabled by PYNTHS, but could you really tell us what those projects are? And also, how have they benefited from Pynths?
It caught my attention that you mention that in Pynths there will be “Super NFT “, but really what characteristics will these collectibles have that will be” Super”?
You point out that “Pynths’ NFT-linked synthetic assets will be a game changer for NFT’s mass market”, but could you really tell us how “would it really change the game”? Would it make it much more attractive and accessible to all?
How did it happen that a hacker was able to steal 61000 Peri from ChainSwap? How did you manage to block the address of a hacker who managed to withdraw tokens? Share your experience of fighting hackers and how do you think it is realistic to protect yourself from hackers by 100%?
As of today, PERI is priced at $ 3.43. On May 10, 2021, the maximum record price reached $ 23.97. According to forecasts for Internet companies and technical niches (Apple, Facebook, Amazon, Netflix, Alphabet, Tesla) and forecasts based on the Bitcoin growth model by 2027, the price of PERI can reach from $ 26.39 to $ 465.24, provided that its capitalization will behave like capitalizing on these internet companies or technology niches.
What is the vision of the PERI Finance team in this direction, what forecasts are put forward by your analysts and what is the most realistic price you are striving for, and what will it depend on in the opinion of your analytical group?
I saw on your website that you have your own exchange.This is PERI.Exchange.Could you please elaborate on this information? What are the advantages of this exchange?And it also PERI.Exchange is a derivatives trading platform. Could you please tell us how many different types of derivatives you can accommodate?
With particular emphasis on your staking and rewards program, users are entitled to 3 different rewards by staking PERI or USDC and minting Pynths. These rewards includes; PERI inflationary supply policy, the distribution of PERI.Assets revenue, and finally the distribution of commissions incurred in Pynths transactions and leveraged Pynths contract trading. With the associated benefits of these rewards, can you carefully explain the details of these rewards, what percentage of each are distributed to stakers, also why did PERI decide on an inflationary supply model as against the popular deflationary models, and will there be future plans to include other LP tokens in addition PERI and USDC?
Amongst the many products offered by PERI includes, it’s Asset Management Services, where PERI employs a unique method of trading algorithm through the arbitrage forex and cryptocurrency market to achieve this. This method might look pretty complicated to the average investor and user, therefore can you briefly explain how PERI.Assets are managed via this method? Consequently, PERI has decided to develop Machine Learning (M.L) to increase profits. In addition to increasing profits, what other importance will this language development provide PERI, and how will it be effectively implemented within the associated products and services?
On the webiste’s Road map under Risk and solution, I’ve read that there’s an issue the project keeps trying to address the “High Collateral Rate”? So can you talk more about this issue and how was the progress so far in looking the right solution for this? Also can you explain how and why PERI Finance believes that the risk arising from the mismatch of the position of synthetic assets can be solved by implementing liquidation of Pynths, loss insurance funds and hedging in the on/off-chain
market?
You said that “Your Client’s asset growth comes first”. Wow, you know they said that it’s not easy for anyone to take risks and make profits by exposing themselves to various products. So tell us how do you plan to create the most accessible decentralized synthetic derivative trading platform for everyone and also how will the project team do their very best to provide users with the best ways to multiplying their asset and to build the protocol always better for all of your users?
PERI tokens are used for governance. You have created a PIP system (PERI Improvement Proposals) to hear community opinions. So,can you explain more about this system? How can anyone of your community contribute to PIP system? How does proposal being submitted by the community and how it will being sort out and evaluated by your team? What are the advantages and benefits that PIP system will bring to Peri network and to the community? For those community that will be part of PIP system,can they get any community incentives or benefits from Peri Global? Thank you
As you have mentioned in your website that Peri has process in 4 easy steps but it is not fully explained so can you explain this four steps and how it works? Can you elaborate more about the Asset, market,Mint and Royalty if how this four process is being implemented in your platform? How it give emphasis the essence of vision of Peri Global in the market? How will this four process will give good opportunity to investors and to your community? Thank you
I am familiar with minting $pUSD by staking $PERI and $USDC. However, I don’t have a clear idea about this $pUSD. Is it pegged to the U.S. Dollar? $USDC is a stable coin. Then why did you introduce this $pUSD rather than distributing rewards from $USDC? Will $pUSD be available in exchanges in the future? Please explain special features and utilities of this token. Will holding $pUSD be a profitable investment?
Currently, there are many exchanges without order books. They offer trading and staking opportunities. Further, NFT marketplaces are not rare. Why did you choose these common concepts to build up your project instead of introducing a whole new idea? In order to choose your exchange and the marketplace, there should be unique features compared to competitors. Please let us know why should we choose PERI over others. Your rodmap ends from this year. Don’t you have long term goals? How do you assure you will have a better future than exsisting exchanges and NFT marketplaces?
PERI.pool, a staking program for PERI holders is one of the exciting and interesting new features in PERI Finance. In addition, PERI Staking dApp details include three ratios: current collateralization ratio, target collateralization ratio, and liquidation ratio. Could you please explain each of these in turn? What distinctions do they have and how beneficial are these to PERI stakers?
Hi PERI!
Peri Exchange promises users the ability to convert one Pynth (Peri Synthetic asset that follows the price of an underlying asset Forex, CryptoCurrency, and Commodity) to another Pynth with infinite liquidity and no slippage! Can you please explain how exactly you solve the liquidity problem and provide infinite liquidity? Is this an internal Peri solution or does it depend on liquidity and integrations with other DEXes with high TVL?
Thank you!
Hi PERI!
As we see NFTs and related projects are on the peak of the hype lately and will be very popular in the foreseeable future. I see that Peri is no stranger to NFTs either and introducing Pynths’ NFTs – linked synthetic assets that promise to be a game changer for the massive NFTs market. Peri plans to show its uniqueness in the Pynths’ NFT ecosystem and greatly reward and monetize artists and investors. Please elaborate about the Pynths’ NFT ecosystem, how does it benefit both artists and investors at the same time? What are the unique features that only Peri provides in the rapidly evolving NFT space?
Thank you!
Hi PERI!
PERI is using something called a virtual AMM, please tell us more about it. Why is it called virtual AMM, what is special about it that makes it different and better than the traditional AMMs used by other exchanges that are not called virtual?
Also Peri says it empowers users with lower GAS fees, speedy transactions, and ample security from front-running or flash loans. I’d like to ask how exactly do you secure users from front-running bots and flash loan attacks on Peri?
Thank you!
Recently PERI Finance has struck an exclusive alliance with Maker DAO. Will this partnership leads to earn & mint some Extra $DAI for PERI users in addition to $pUSD? So Can users provide liquidity with $DAI to the PERI POOL?
So PERI platform built based on derivatives liquidity enabled by PYNTHS. Can you explain me what’s the PYNTHS & For what it stands in layman’s terms? In which way did you deploy PYNTHS Concurrently with PERI pool, PERI DEX etc?
You plan to launch Pynth in this quarter Q3 2021 which stands for PERI Synthetic Assets and is a synthetic asset of Forex, Indices, Commodities and Crypto Currency in traditional financial markets. It will also have a price that moves since there will be supply and demand. What will be regulating its price? How will it be affected by the actual price of the underlying asset? Pynths products are USD, EUR, GBP for Forex, S&P 500, HANGSENG for Indices, Gold, Silver, Oil for Commodities, BTC, ETH, LTC and Inverse Crypto Currency, How can you prove its transparency, convenience and reliability?
During the process of your holders staking PERI and minting Pynth called pUSD, you created liquidity pool where the pool will acts as a liquidity provider, which is the counterparty when trading, for example pUSD to pBTC or pEUR. The markets right now is facing lack of liquidity and slippage, how can this pool supply more liquidity and slippage existed? How will PERI Finance increase the stability of the system if all users only have pBTC and the BTC price falls by large percent which will total debt also increases by the percent?
You planned to reward your holders with three different awards which one of them is DISTRIBUTION OF PERI.ASSETS’ REVENUE and this rewards will be strictly meant those who maintain C-Ratio above 400% during rewards claiming period with PERI (50%) and BTC/ETH (50%). And you set the collateral ratio (C-Ratio) to an optimal ratio of 400%.Why is your C-Ratio is lower than other competing projects? How will it reduce the risk, liquidating collateral at 150%, and reserving loss insurance funds to your platform?
You have your own NFT system with unique features conventional to the PERI ecosystem such as NFT governance, NFT yield farming, Super NFTs etc. What is the main functionality to make more traffic in PYNTHS NFT ecosystem between NFT artists & investors? With yield farming how will NFT fans get rewards passively? Will it involve PERI Improvement Proposal feature,also in NFT governance portal?
The development of your road map only contain Q1 2021, Q2 2021 and Q3 2021 with only three things to be done. Is there no development for the years ahead? It is very clear you have your Exchage platform but don’t you have plan to be listed on some others grown/growing platforms too, for the sake of expanding worldwidely?
Currently, the team is managing assets through a trading system using a trading algorithm through the Arbitrage of Fiat Forex and Crypto Currency market. In other to have more stable profits, how will your upcoming (Machine Learning) M.L increase profits through market forecasting and capture arbitrage opportunities for various products?
PERI Liquidity Pool depends on the amount of PERI in the stacking.
PERI Max Supply: 20,000,000
So the liquidity is limited to this amount.
Question: What if you are very popular and trade large amounts? How will you be able to ensure minimum spreads and the ability to execute contracts?
You stated that Pynths’ NFT-linked synthetic assets will be a game changer in the massive NFTs market. How will it change the game? How distinct will it be from other NFTs?
PERI Finance plans to launch a service that trades NFT fractional assets,can you please tell us what these NFT fractional assets are and what differenciate them from the regular NFT products?