PerlinX uses stimulated liquidity supply through the use of liquidity pools powered by #Balancer #Protocol.
#PerlinX is a decentralized finance interface platform that allows users to transact all types of assets with each other through incentive liquidity mining and synthetic asset generation.
➡️What is Perlin (PERL)?
PerlinX uses stimulated liquidity supply through the use of liquidity pools powered by Balancer Protocol. Participants can stake PERL tokens to provide liquidity and to be rewarded for doing so. Rewards for liquidity provision are initially distributed in PERL, #BAL and UMA tokens.
PerlinX also uses the #UMA protocol to create synthetic assets. Each asset has its own price stream powered by the Data Validation Mechanism (SVM) of UMA, a decentralized oracle designed to solve the problem of centralized and corrupt oracle price feeds. Also, all artifacts in PerlinX have a px prefix. Every synthetic asset created using the PerlinX platform requires PERL as collateral.
➡️Perlin's mission is to connect legacy financial systems and products with DeFi and democratize market access for all. Perlin is focused on helping create more efficient, equitable and open marketplaces and economies that can benefit everyone, everywhere. As the first project in the world to enable synth asset printing based on the UMA Protocol, the platform states that they are now one step closer to the grand vision.
In addition to these, PERL can be used as both liquidity and collateral asset. You can buy PERL shares to provide liquidity to the PerlinX platform, and for doing so, you can receive incentives in PERL and BAL awards. In addition, you can use PERL as collateral to create synthetic PxAssets.
#Perlin Coin, which was traded at $ 0.126 at the time of writing, is also traded with 0.000002341 BTC in the PERL BTC trading pair. According to CoinMarketCap data, it is worth noting that Perlin Coin, which is 459th with a transaction volume of 61,846,284 USD, has a transaction volume of 10,472,679 USD in the last 24 hours.
In addition to these, Perlin Coin broke a record with $ 0.1949 on March 15, 2021, and saw the bottom with $ 0.0106 on March 28, 2020. In addition, there are currently 490,938,908 PERL Coins in circulation, and this number is expected to reach a maximum of 1,033,200,000 PERL Coins.
➡️Where to Buy PERL Coin?
PERL Coin can be purchased quickly and securely through Binance , the world's largest cryptocurrency trading platform in terms of transaction volume .
In order to purchase PERL Coin, you first need to become a member of Binance and then send fiat money.
In addition , users can make purchases at Binance at the price they want by placing a purchase order not only at market value but also at a lower value. For this, it will be enough to use the Limit tab and enter the amount you want to buy and the price you want to buy.