How to buy Perpetual Protocol from Bitget 

What is Perpetual Protocol (PERP)?

Perpetual Protocol is a DEX specifically designed for trading perpetual contracts. The protocol first came out on the Ethereum blockchain and has expanded to a few other EVM-compatible blockchains since. While it aims to be more decentralized with the introduction of the PERP token as a governance token, the protocol is pretty much still under control of the core development team.

Perpetual Protocol was released as "Strike" in 2018 by Yenwen Feng and Shao-Kang Lee.

How Perpetual Protocol (PERP) Works

Like most other DEXes, Perpetual Protocol employs automated market maker (AMM) strategy to eliminate the need for intermediary. But unlike other DEXes where the majority of transactions are spot orders, the AMM of Perpetual Protocol is made to obtain price data, not for liquidity provision. Hence, this mechanism is called virtual AMM or vAMM in short.

On the other hand, there are two special smart contracts that serve as the clearinghouse and Collateralization Vault. The former is responsible for accepting deposits then sending it to the Collateralization Vault, as well as recording margin, direction, and leverage data from users. Based on the information given, the Vault secures positions and alerts the vAMM to update the pricing.

How Many Perpetual Protocol (PERP) Tokens Are in Circulation?

PERP token can be used in the Perpetual Protocol to decide the development of the project, receive more PERP via staking, earn referral rewards, and to receive a fraction of trading fees.

PERP's total supply: 150,000,000

PERP's circulating supply: 90,775,000

How to Buy Perpetual Protocol (PERP)

Consider investing in Perpetual Protocol (PERP)? It only takes 2 minutes to create an account on Bitget and start trading PERP. 

Check out the available PERP trading pairs on Bitget!

Spot market

PERPUSDT

Perpetual Protocol (PERP) Resources

Official Website

Blog

Bitget: Where The World Trades Perpetual Protocol

Fast

Bitget’s world-class matching engine supports up to 1,400,000 orders per second. This ensures that your crypto trading experience is quick and reliable.

Simple

Trading crypto on Bitget is easy and intuitive. You only need a few steps to buy Perpetual Protocol instantly.

Secure & Trusted

Millions of global crypto users trust us. Our multi-tier & multi-cluster system architecture and SAFU (Secure Assets Fund for Users) insurance fund protect your account.

Liquid

Bitget is the world’s most liquid cryptocurrency exchange, with the biggest volumes across multiple crypto pairs.

How to buy Perpetual Protocol from Bitget 

What to Do After I Buy Perpetual Protocol

Store/Hold Perpetual Protocol

Many users hold on to their Perpetual Protocol with the expectation of it increasing in value. You can store your PERP safely on your Bitget account or on our crypto wallet app Trust Wallet, the most user-friendly and secure mobile wallet.

Trade Perpetual Protocol

You can trade Perpetual Protocol for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Perpetual Protocol trading to meet your needs.

Send Perpetual Protocol

Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Perpetual Protocol online and send to anyone and anywhere with their Perpetual Protocol address.

Spend Perpetual Protocol

You can also buy goods and services with your Perpetual Protocol. More and more vendors and retailers accept Perpetual Protocol every day.

Donate Perpetual Protocol

Bitget Charity accepts Perpetual Protocol donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Perpetual Protocol so no one misses out on the growth made possible by blockchain.

Learn More About Perpetual Protocol

You can read more in-depth articles on Perpetual Protocol from Bitget Research and study how cryptocurrencies like Perpetual Protocol work on Bitget Academy

Buy and Sell PERP on the Move

Download the Bitget crypto trading app and trade your PERP plus 150+ cryptocurrencies, anytime and anywhere.

(!) Cryptocurrency investment activities, including actions done to buy Perpetual Protocol online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Perpetual Protocol instantly, and we put our best efforts to fully inform our users about each and every cryptocurrency we offer on the exchange, but we are not responsible for the results that may arise from your Perpetual Protocol purchase. This page and any information in it is not meant to be interpreted as an endorsement of any particular cryptocurrency or method of acquiring it.