{"id":11120,"date":"2021-08-01T18:29:26","date_gmt":"2021-08-01T15:29:26","guid":{"rendered":"https:\/\/esatoshi.club\/?p=11120"},"modified":"2021-08-05T14:01:56","modified_gmt":"2021-08-05T11:01:56","slug":"ama-satoshi-club-x-peri-july-31st-2","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2021\/08\/01\/ama-satoshi-club-x-peri-july-31st-2\/","title":{"rendered":"AMA Satoshi Club x Peri, July 31st"},"content":{"rendered":"\n

We were delighted to welcome our guest from Peri. The AMA took place on July 31st, 2021 and our guest was @garethbowlesperi.<\/p>\n\n\n\n

The total reward pool was 500$ and was divided into three parts. In this AMA Recap, we will try to summarize some of the most interesting points for you.<\/p>\n\n\n\n

Part 1 \u2014\nintroduction and questions from the\nTelegram&Bitcointalk community<\/strong><\/h2>\n\n\n\n

Gold\nRocket | Satoshi Club: <\/strong>Hello, dear Satoshi Club community! We are\npleased to announce AMA with Peri.<\/p>\n\n\n\n

Gold\nRocket | Satoshi Club: <\/strong>Today our guest is @garethbowlesperi<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>Glad to see you! @GoldRocket27<\/p>\n\n\n\n

Gold\nRocket | Satoshi Club: <\/strong>How are you doing 😁<\/p>\n\n\n\n

Gold\nRocket | Satoshi Club: <\/strong>We are also honored to have you here today.😍<\/p>\n\n\n\n

Andr\u00e9s\nM. | Satoshi Club: <\/strong>Yes, is a pleasure to have you here Gareth.👋<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>Doing very good, it\u2019s honored to be host on Satoshi club again too!<\/p>\n\n\n\n

Gold\nRocket | Satoshi Club: <\/strong>Thanks for your kind words❤️<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>We had AMA with you guys in may, 3 months passed:)<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>Pleasure:)<\/p>\n\n\n\n

Gold\nRocket | Satoshi Club: <\/strong>how fast time flies 🚀<\/p>\n\n\n\n

Gold\nRocket | Satoshi Club: <\/strong>Let’s start!<\/p>\n\n\n\n

Gold\nRocket | Satoshi Club: <\/strong>Please remind us a little about yourself and\nthe project😊<\/p>\n\n\n\n

Andr\u00e9s\nM. | Satoshi Club: <\/strong>That’s true, there we have the AMA recap of that\nincredible AMA. Let’s check it Satoshiclubbers https:\/\/esatoshi.club\/peri-finance-x-satoshi-club-ama-session-07-may-2021\/<\/a><\/p>\n\n\n\n

Gareth\nBowles: <\/strong>Sure! I will say \u2018done\u2019 after I finished my answer.<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>First of all, I\u2019m Gareth Bowles, and I majored in business study.<\/p>\n\n\n\n

I spent most of my career on financial sector, including director of\nfinance, currency dealer and so on.<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>And PERI Finance is a cross-chain based synthetic asset issuance and\nderivatives decentralized exchange.<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>This means PERI dApp will run on multi-chain networks like Ethereum,\nPolygon and Polkadot.<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>Users can exchange synthetic asset, which is tokenized assets that have\nthe same value as original assets.<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>Also, derivatives means that PERI Finance will provide leverage and\ninverse functions to synthetic assets.<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>done!<\/p>\n\n\n\n

Gold\nRocket | Satoshi Club: <\/strong>Thanks for your great intro👏<\/p>\n\n\n\n

Gold\nRocket | Satoshi Club: <\/strong>What’s new with you during these three months?<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>Most of all, our staking dApp officially opened on Polygon mainnet!<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>https:\/\/staking.peri.finance\/<\/a><\/p>\n\n\n\n

Andr\u00e9s\nM. | Satoshi Club: <\/strong>Let’s remember, what is the essence of PERI and\nwhich problems do you want to solve?<\/p>\n\n\n\n

Gold\nRocket | Satoshi Club: <\/strong>Wow! Congratulations!🔥<\/p>\n\n\n\n

Gold\nRocket | Satoshi Club: <\/strong>this is a big milestone👏<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>Thanks Andres! We aimed to solve current issues on Ethereum Network like\nhigh gas-fee, low speed transactions with PERI Finance dApp first. So this is\nthe reason that we chose dApp network for Polygon.<\/p>\n\n\n\n

Gold\nRocket | Satoshi Club: <\/strong>It really makes sense<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>Indeed, but it\u2019s just the beginning of us:)<\/p>\n\n\n\n

Andr\u00e9s\nM. | Satoshi Club: <\/strong>Great targets, is really needed to increase the\nadoption<\/p>\n\n\n\n

Gold\nRocket | Satoshi Club: <\/strong>And we are at the beginning of the first part\nand I’m sure you can’t wait to move on to questions from the community.😁<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>Sure we can, Let\u2019s move it now!<\/p>\n\n\n\n

Q1 from Telegram User @orlemys<\/em><\/strong><\/p>\n\n\n\n

I read an article that said you would launch on BSC\nMainnet with a 1025% APY on staking. As a new investor, I\u2019d like to know what\nare the specifics of staking with Peri. What are the requirements, what is the\ncoin or token I should stake in, in what token do I get my rewards, is there any\npunishment for staking and unstaking constantly? Also, is that APY the standard\nor is there a minimum APY? How risky is it?<\/em><\/p>\n\n\n\n

Gareth\nBowles: <\/strong>As for new stakeholders on PERI Finance, we have released detailed guide\nby laymen\u2019s term, I will give you links below:<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>https:\/\/medium.com\/perifinance\/peri-finance-dapp-guide-on-matic-polygon-mainnet-31cce0a61a71<\/p>\n\n\n\n

https:\/\/medium.com\/perifinance\/polygon-matic-bridge-guide-on-peri-finance-e8c7e6570056<\/a><\/p>\n\n\n\n

https:\/\/medium.com\/perifinance\/how-to-stake-peri-token-a-video-guide-with-claim-details-21d1b12b6e06<\/a><\/p>\n\n\n\n

https:\/\/medium.com\/perifinance\/peri-finance-withdraw-guide-on-listed-exchanges-4a0013f547c2<\/a><\/p>\n\n\n\n

https:\/\/medium.com\/perifinance\/peri-finance-dapp-details-about-peri-staking-93a61ea0e89c<\/a><\/p>\n\n\n\n

https:\/\/medium.com\/perifinance\/un-staking-guide-peri-finance-dapp-969049899ebb<\/a><\/p>\n\n\n\n

https:\/\/medium.com\/perifinance\/polygon-bridge-peri-transfer-guide-to-ethereum-mainnet-a71c9b72373c<\/a><\/p>\n\n\n\n

Gold\nRocket | Satoshi Club: <\/strong>Thanks for sharing<\/p>\n\n\n\n

Gold\nRocket | Satoshi Club: <\/strong>such guides make life easier for the user👍<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>For simple process explanation, <\/p>\n\n\n\n

users should <\/p>\n\n\n\n

buy PERI on listed exchanges \u2192 transfer tokens by Polygon bridge \u2192\nstaking on PERI dApp.<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>We don\u2019t give any penalities for staking-unstaking.And also for the APY,\nit\u2019s up to daily TVL(total value locked) on PERI dApp, users can check daily\nTVL on dApp.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>It is easy enough to do it. Please remind me on which exchanges we can buy PERI?<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

Andr\u00e9s\nM. | Satoshi Club: <\/strong>Where is listed right now?<\/p>\n\n\n\n

Gold\nRocket | Satoshi Club: <\/strong>Btw great APY<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>Sure thing!<\/p>\n\n\n\n

We have listed on Gateio, MEXC, and XT for CEX.<\/p>\n\n\n\n

And users can swap PERI through ETH on UniSwap.<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>Thanks Gold:)<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>Also, we will re-open Pancakeswap to BSC users very soon.<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>done!<\/p>\n\n\n\n

Gold\nRocket | Satoshi Club: <\/strong>thank you very much for the detailed answers!\nready to move on to the next question?🚀<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>Yes please:)<\/p>\n\n\n\n

Andr\u00e9s\nM. | Satoshi Club: <\/strong>A great list of big exchanges 👏<\/p>\n\n\n\n

Q2 from Telegram User<\/em><\/strong><\/p>\n\n\n\n

@JaviSuBs<\/em><\/p>\n\n\n\n

 PERI Finance\noffers users a low gas rate and achieving transactions is faster as achieving\nthese objectives if more than 1000 users are doing a transaction at the same\ntime that PERI Finance offers responsiveness and security at the time of a\ntransaction. ??<\/em><\/p>\n\n\n\n

Gareth\nBowles: <\/strong>Good question. As I mentioned in the beginning, PERI Staking dApp is live\non Polygon. They offers large amounts of transactions without issues, and\nproviding services to users with low-gas fee.<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>Also, we are doing numerous times of internal test, and bug-bounty\nprogram to users is still opened since this June.<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>So we can say that PERI Finance is fully-prepared with transaction\nbottleneck issue, and users can feel safe for it:)<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>done!<\/p>\n\n\n\n

Andr\u00e9s\nM. | Satoshi Club: <\/strong>That’s great, so there will be no problem with a\ncongested network?<\/p>\n\n\n\n

Gold\nRocket | Satoshi Club: <\/strong>Safety first👍<\/p>\n\n\n\n

Andr\u00e9s\nM. | Satoshi Club: <\/strong>Btw, have you done audits? Which problem did you\nfind on your contracts?<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>Yes, we had many times of intense test of our dApp!<\/p>\n\n\n\n

Also, we have done audit on Certik without any critical issues.<\/p>\n\n\n\n

Gold\nRocket | Satoshi Club: <\/strong>It is very important. Thank you very much for\ntaking security so seriously.<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>That report was not 100% resolved(91% actually)<\/p>\n\n\n\n

But that issues were about styling code, not for serious malfunctions on\ndApp.<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>Sure it is!<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>Safe first as you said👍<\/p>\n\n\n\n

Andr\u00e9s\nM. | Satoshi Club: <\/strong>Thank you so much for your great answer.<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>Pleasure:)<\/p>\n\n\n\n

Andr\u00e9s\nM. | Satoshi Club: <\/strong>Time to proceed with the 3rd question🥳<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>Ready!<\/p>\n\n\n\n

Q3 from Telegram User @konditer_rolex<\/em><\/strong><\/p>\n\n\n\n

How did it happen that a hacker was able to steal\n61000 Peri from ChainSwap? How did you manage to block the address of a hacker\nwho managed to withdraw tokens? Share your experience of fighting hackers and\nhow do you think it is realistic to protect yourself from hackers by 100%<\/em><\/p>\n\n\n\n

Gareth\nBowles: <\/strong>Right, the previous ChainSwap hacking issue was also the serious thing to\nus too.<\/p>\n\n\n\n

As we\u2019ve noticed that problem, we bought all of amounts of PERI that\nhackers dump on exchange to protect users\u2019 assets.<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>And we blocked hacker\u2019s wallet to prevent additional transaction.<\/p>\n\n\n\n

Therefore, we have successfully preserved all of users\u2019 PERI assets.<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>Here\u2019s Etherscan history:<\/p>\n\n\n\n

Gareth\nBowles:<\/strong>https:\/\/etherscan.io\/address\/0x65e393bb8c9f5e6ee4238c3b8863506f76789880#events<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>And this is detailed announcement about Chanswap hack:<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>https:\/\/medium.com\/perifinance\/important-notice-2-chainswap-hack-a16d2b6a6940<\/a><\/p>\n\n\n\n

Gareth\nBowles: <\/strong>done!<\/p>\n\n\n\n

Andr\u00e9s\nM. | Satoshi Club: <\/strong>We are happy to know that everything is ok right\nnow, great job facing the problem ASAP👏<\/p>\n\n\n\n

Gold\nRocket | Satoshi Club: <\/strong>How did you manage to block the hacker’s\naddress? it was not easy it seems to me<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>Yes, by finding transaction changes on our smart contract, we have found\nthe hacker\u2019s wallet. And our dev team freezed that account very quick.<\/p>\n\n\n\n

Gold\nRocket | Satoshi Club: <\/strong>Great job guys<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>Thanks! Our dev team worked very well.<\/p>\n\n\n\n

Gold\nRocket | Satoshi Club: <\/strong>Thanks for your honest answers..<\/p>\n\n\n\n

Gold\nRocket | Satoshi Club: <\/strong>Ready to proceed to the next question?<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>Sure!<\/p>\n\n\n\n

Q4 from Telegram User @Brainchest<\/em><\/strong><\/p>\n\n\n\n

PERI Liquidity Pool depends on the amount of PERI in\nthe stacking.<\/em><\/p>\n\n\n\n

PERI Max Supply: 20,000,000<\/em><\/p>\n\n\n\n

So the liquidity is limited to this amount.<\/em><\/p>\n\n\n\n

Question: What if you are very popular and trade\nlarge amounts? How will you be able to ensure minimum spreads and the ability\nto execute contracts?<\/em><\/p>\n\n\n\n

Gareth\nBowles: <\/strong>We know that many of users struggling to participate Polygon\u2019s staking\ndApp, so we are going to provide staking dApp on multi-chain network.<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>This will start on BSC within 2 week, and ETH Mainnet later.<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>We expect that this will let users to join staking dApp more, and this\nwill give more abundant Liquidity pool.<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>done!<\/p>\n\n\n\n

Gold\nRocket | Satoshi Club: <\/strong>it really helps to empower<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>Oh, question was about large amounts, and I think dApp on multi-chain\nwill be also for this answer.<\/p>\n\n\n\n

Andr\u00e9s\nM. | Satoshi Club <\/strong>Great answer Gareth, ready for the next one?😃<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>Yeap:)<\/p>\n\n\n\n

Q5 from Telegram User @andrey_seleznov<\/em><\/strong><\/p>\n\n\n\n

Hi PERI!<\/em><\/p>\n\n\n\n

As we see NFTs and related projects are on the peak\nof the hype lately and will be very popular in the foreseeable future. I see\nthat Peri is no stranger to NFTs either and introducing Pynths\u2019 NFTs \u2013 linked\nsynthetic assets that promise to be a game changer for the massive NFTs market.\nPeri plans to show its uniqueness in the Pynths\u2019 NFT ecosystem and greatly\nreward and monetize artists and investors. Please elaborate about the Pynths\u2019\nNFT ecosystem, how does it benefit both artists and investors at the same time?\nWhat are the unique features that only Peri provides in the rapidly evolving\nNFT space?<\/em><\/p>\n\n\n\n

Thank you!<\/em><\/p>\n\n\n\n

Gareth\nBowles: <\/strong>I think most of Satoshi users know that NFT market is a talk of the town\nin blockchain world. PERI Finance will launch NFT fractional assets service to\nliquidate NFT easier.<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>This is also a kind of synthetic assets, and users are free to trade on\ncrypto exchanges.<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>done!<\/p>\n\n\n\n

Andr\u00e9s\nM. | Satoshi Club: <\/strong>The NFTs will have usecases or will be only\ncollectibles?<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>Well, with additional explain, by users make NFT fractional assets, they\ncan encash some amounts of NFT and making additional staking.<\/p>\n\n\n\n

So we can say that this would be an additional usecases for NFT.<\/p>\n\n\n\n

Gold\nRocket | Satoshi Club: <\/strong>Thanks for your answers 😃<\/p>\n\n\n\n

Gold\nRocket | Satoshi Club: <\/strong>Ready to proceed to the last question of this\npart?😊<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>Yes please:)<\/p>\n\n\n\n

Andr\u00e9s\nM. | Satoshi Club: <\/strong>Perfect, we will be waiting for the launching👏<\/p>\n\n\n\n

Q6 from Telegram User @yellowchamp<\/em><\/strong><\/p>\n\n\n\n

PERI tokens are used for governance. You have\ncreated a PIP system (PERI Improvement Proposals) to hear community opinions.\nSo,can you explain more about this system? How can anyone of your community\ncontribute to PIP system? How does proposal being submitted by the community\nand how it will being sort out and evaluated by your team? What are the\nadvantages and benefits that PIP system will bring to Peri network and to the\ncommunity? For those community that will be part of PIP system,can they get any\ncommunity incentives or benefits from Peri Global? Thank you<\/em><\/p>\n\n\n\n

Gareth\nBowles: <\/strong>PERI PIP is a name of PERI ecosystem governance. Users can suggest their\nquestion with 1PERI, and question approval is decided by user\u2019s staked PERI\namount.<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>So I can say that this would be a kind of \u2018council\u2019 on PERI Finance\necosystem.<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>And this system will open on December of this year.<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>done!<\/p>\n\n\n\n

Andr\u00e9s\nM. | Satoshi Club: <\/strong>Wow, a lot of amazing events are coming for Peri,\nplease share your roadmap with us to check it in detail😁<\/p>\n\n\n\n

Gold\nRocket | Satoshi Club: <\/strong>we are ready to wait until December if you\npromise to share with us 😁<\/p>\n\n\n\n

Andr\u00e9s\nM. | Satoshi Club: <\/strong>Then, we will need another AMA on December to know\nmore 😁<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>Sure! Here\u2019s roadmap of PERI Finance on 2021:<\/p>\n\n\n\n

– Technological Implementation from Various Projects (August)<\/p>\n\n\n\n

Chainlink Price Feeds, Polygon Network, MakerDAO\u2019s DAI Stablecoin etc.<\/p>\n\n\n\n

– Launch PERI Decentralized Exchange Service (September)<\/p>\n\n\n\n

Create and Trade diversified Pynths from PERI DEX<\/p>\n\n\n\n

Other Crypto tokens, Forex, Commodities, etc.<\/p>\n\n\n\n

– Launch PERI NFT Decentralized Exchange Service (October)<\/p>\n\n\n\n

Generate NFT Fractional Assets by staking NFT on PERI Vault<\/p>\n\n\n\n

– Launch Pynths Perpetual Futures Service (November)<\/p>\n\n\n\n

Add leverage to Pynths up to 20X<\/p>\n\n\n\n

– Launch PERI DAO(Decentralized Governance of PERI Finance) (December)<\/p>\n\n\n\n

Users can decide PERI Ecosystem agenda by voting with PERI token<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>Glad to:)<\/p>\n\n\n\n

Andr\u00e9s\nM. | Satoshi Club: <\/strong>Will be awesome🥳<\/p>\n\n\n\n

Gold\nRocket | Satoshi Club: <\/strong>Thanks for sharing<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>Pleasure:)<\/p>\n\n\n\n

Gold\nRocket | Satoshi Club: <\/strong>And thanks for your great answers 😃<\/p>\n\n\n\n

Andr\u00e9s\nM. | Satoshi Club: <\/strong>Thanks for share it Gareth, and thanks for this\nfantastic first part of the AMA, your answers were clear and detailed to our\ncommunity👏, great job<\/p>\n\n\n\n

Gold\nRocket | Satoshi Club: <\/strong>Now get ready for the most impressive part of\nour AMA – the live questions!🚀<\/p>\n\n\n\n

Gareth\nBowles: <\/strong>You\u2019re welcome, questions about PERI are always open on our telegram:)<\/p>\n\n\n\n

Part 2 \u2014 live questions from\nthe Telegram community <\/strong><\/h2>\n\n\n\n

Q1 from Telegram User @Smartling<\/em><\/strong><\/p>\n\n\n\n

From you roadmap, it says you will Launch Pynths Perpetual Futures Service in November. Can you tell us more about this?<\/em><\/p>\n\n\n\n

Gareth Bowles: <\/strong><\/strong><\/p>\n\n\n\n

A1. PERI will give users to users Perpetual Futures Service.<\/p>\n\n\n\n

This can make users to invest various synthetic assets on short\/long position with up to 20x leverage.<\/p>\n\n\n\n

Q2 from Telegram User @rinnguyen<\/em><\/strong><\/p>\n\n\n\n

High gas fee & slow network are the main issue with platform, How does Peri solves this problem?<\/em><\/p>\n\n\n\n

Gareth Bowles: <\/strong><\/strong><\/p>\n\n\n\n

The main reason for using Polygon is low gas-fee, swift transaction.<\/p>\n\n\n\n

PERI Finance recognizes that transfering their asset from ETH to Polygon is still complex, so we keep making guides on official medium blog. Please check!<\/p>\n\n\n\n

Q3 from Telegram User @satishgmr<\/em><\/strong><\/p>\n\n\n\n

Can You explain more about “Synthetic assets” in simpler terms<\/em><\/p>\n\n\n\n

Gareth Bowles: <\/strong><\/strong><\/p>\n\n\n\n

Sure, \u2018Synthetic Assets\u2019 indicates a token that has the same values with another asset.<\/p>\n\n\n\n

For example, pUSD which is basic synthetic assets of PERI Finance, values same 1USD in real currency.<\/p>\n\n\n\n

And for stocks, like if we make pTSLA for synthetic asset, this price goes same with real Tesla stock.<\/p>\n\n\n\n

Q4 from Telegram User @Brainches<\/strong><\/em><\/p>\n\n\n\n

I apologize for the misunderstanding, but I want to ask again. Total Supply of PERI is 20,000,000 This means that changing the price of PERI token will affect the liquidity of the pool, because PERI Liquidity Pool is created by staking PERI and minting Pynth called pUSD.And when the price of PERI will decrease, and competitors can influence the price specifically by selling PERI on exchanges, the value of the pool will decrease.How can you protect the liquidity pool and make it deep enough?<\/em><\/p>\n\n\n\n

Gareth Bowles: <\/strong><\/strong><\/p>\n\n\n\n

I think this problem is occured by PERI price drops.<\/p>\n\n\n\n

We are keep achiving our milestone, doing numerous marketing program, and improving our dApp steadily.<\/p>\n\n\n\n

Surely we can\u2019t control the price, but I think this will make PERI price go up.<\/p>\n\n\n\n

So this is the reason that we\u2019re compensating for user\u2019s continuous support of PERI Finance by participating staking program.<\/p>\n\n\n\n

Q5 from Telegram User @Rajkumari8<\/em><\/strong><\/p>\n\n\n\n

English is a popular language … How does your project plan to spread awareness of its project in different countries where English is not good? Does your GREAT PROJECT have a local community for them to better understand #peri project?<\/em><\/p>\n\n\n\n

Gareth Bowles: <\/strong><\/strong><\/p>\n\n\n\n

Yes we have. We\u2019re currently managing China and Korean local PERI community.<\/p>\n\n\n\n

https:\/\/t.me\/peri_korea<\/a><\/p>\n\n\n\n

https:\/\/mp.weixin.qq.com\/s\/e2Q6pChnNjazgsQvlqy6dQ<\/a><\/p>\n\n\n\n

Q6 from Telegram User @surendra040<\/strong><\/p>\n\n\n\n

61000 Peri have been hacked . What are the impacts in toknenomics and token supply of project ? has there been any changes? What have been done till now of hacker wallet address<\/p>\n\n\n\n

Gareth Bowles: <\/strong><\/strong><\/p>\n\n\n\n

As I mentioned previous question, the hacker\u2019s wallet is successfully blocked, and tokenbomics\/token supply is not changed by this issue. Users also able to check details on our smart contract history and medium announcements.<\/p>\n\n\n\n

Q7 from Telegram User @Pokerlight<\/em><\/strong><\/p>\n\n\n\n

Is it possible to buy PERI without having to go through the KYC process?<\/em><\/p>\n\n\n\n

Gareth Bowles: <\/strong><\/strong><\/p>\n\n\n\n

If you want to buy without KYC, we recommend swap on UniSwap.<\/p>\n\n\n\n

Pancakeswap for BNB holders will open soon, so stay tuned for upcoming news:)<\/p>\n\n\n\n

Q8 from Telegram User @hansoyeon<\/em><\/strong><\/p>\n\n\n\n

What makes PERI Finance unique and different from other projects?<\/em><\/p>\n\n\n\n

Gareth Bowles: <\/strong>So many things we have!<\/p>\n\n\n\n

We will launch dApp on multi-chain, provide synthetic assets DEX with NFT fractional assets, leverages, having lots of major tech integrations like Chainlink, Polygon, DAI and more soon\u2026<\/p>\n\n\n\n

Users can join these services by staking dApp, so we highly recommend users to stake PERI before other dApps will open, and claim reward!<\/p>\n\n\n\n

Q9 from Telegram User @sophiejohnson1<\/em><\/strong><\/p>\n\n\n\n

Burning tokens makes tokens rare. Does PERI Finance burn tokens to stabilize the reward and create a limited supply with high demand?<\/em><\/p>\n\n\n\n

Gareth Bowles: <\/strong><\/strong><\/p>\n\n\n\n

As you see on the tokenomics, total supply of PERI token is relatively low than other crypto projects.<\/p>\n\n\n\n

So we don\u2019t have any plan about burning PERI now.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Q10 from Telegram User @nguyenben<\/em><\/strong><\/p>\n\n\n\n

PERI holders staking PERI and minting Pynth called pUSD, what will pUSD be used for?<\/em><\/p>\n\n\n\n

Gareth Bowles: <\/strong><\/p>\n\n\n\n

pUSD will be used for buying various synthetic assets in PERI Exchange.<\/p>\n\n\n\n

We called \u2018Pynths\u2019 as PERI synthetic assets.<\/p>\n\n\n\n

So pUSD will be the basic token of PERI dApp. And users can mint pUSD by staking their amount on our dApp. <\/p>\n\n\n\n

Part 3 \u2013 Quiz\nResults<\/strong><\/h2>\n\n\n\n

In the final part we tested your knowledge in terms of Peri. They\u2019ve prepared 4 questions for this part. The total reward pool for quiz was 300$.<\/p>\n\n\n\n

For more information and\nfuture AMAs, join our Social Media channels:<\/strong>
\nEnglish Telegram group: https:\/\/t.me\/Satoshi_club<\/a>
\nRussian Telegram group: https:\/\/t.me\/satoshi_club_ru<\/a><\/p>\n\n\n\n

Spanish Telegram group: https:\/\/t.me\/satoshi_club_spanish<\/a>
\nTelegram Channel: https:\/\/t.me\/satoshi_club_channel<\/a>
\nTwitter: https:\/\/twitter.com\/realsatoshiclub<\/a>
\nWebsite: https:\/\/esatoshi.club\/<\/a><\/p>\n\n\n\n

Our partners:<\/strong><\/p>\n\n\n\n

Peri Website \u2013 pynths.com<\/a>
Peri Telegram \u2013 @peri_global<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"

We were delighted to welcome our guest from Peri. The AMA took place on July 31st, 2021 and our guest was @garethbowlesperi. The total reward pool was 500$ and was divided into three parts. In this AMA Recap, we will try to summarize some of the most interesting points for you. Part 1 \u2014 introduction and questions […]<\/p>\n","protected":false},"author":34,"featured_media":11130,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/11120"}],"collection":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/comments?post=11120"}],"version-history":[{"count":2,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/11120\/revisions"}],"predecessor-version":[{"id":11232,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/11120\/revisions\/11232"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media\/11130"}],"wp:attachment":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media?parent=11120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/categories?post=11120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/tags?post=11120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}