Perlin Achieves Market Capitalization of $32.92 Million (PERL)

Perlin (PERL) traded flat against the U.S. dollar during the 1-day period ending at 21:00 PM Eastern on May 24th. One Perlin coin can currently be purchased for about $0.0671 or 0.00000206 BTC on popular cryptocurrency exchanges. Perlin has a market cap of $32.92 million and $15.30 million worth of Perlin was traded on exchanges in the last day. During the last seven days, Perlin has traded flat against the U.S. dollar.

Here’s how other cryptocurrencies have performed during the last day:

  • BITCOIN ADDITIONAL (BTCA) traded 1.7% higher against the dollar and now trades at $29,661.87 or 0.99994937 BTC.
  • Binance USD (BUSD) traded down 0.1% against the dollar and now trades at $1.00 or 0.00003370 BTC.
  • Crypto.com Coin (CRO) traded 5% higher against the dollar and now trades at $0.41 or 0.00001075 BTC.
  • Parkgene (GENE) traded flat against the dollar and now trades at $25.59 or 0.00045023 BTC.
  • DREP (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003398 BTC.
  • DREP [old] (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003399 BTC.
  • Dai (DAI) traded 0.1% higher against the dollar and now trades at $1.00 or 0.00003373 BTC.
  • THETA (THETA) traded flat against the dollar and now trades at $5.25 or 0.00010640 BTC.
  • Polygon (MATIC) traded up 2.2% against the dollar and now trades at $0.66 or 0.00002221 BTC.
  • yOUcash (YOUC) traded 0% higher against the dollar and now trades at $0.50 or 0.00001686 BTC.

Perlin Profile

Perlin (PERL) is a coin. Its launch date was August 20th, 2019. Perlin’s total supply is 1,033,200,000 coins and its circulating supply is 490,938,908 coins. The official website for Perlin is perlin.net. The official message board for Perlin is medium.com/perlin-network. Perlin’s official Twitter account is @PerlinNetwork and its Facebook page is accessible here. The Reddit community for Perlin is /r/perlin and the currency’s Github account can be viewed here.

According to CryptoCompare, “PerlinX is a decentralized finance interface platform, allowing users to trade assets of any kind with each other through incentivized liquidity mining and synthetic asset generation. PerlinX utilizes incentivized liquidity provision through the use of liquidity pools powered by the Balancer protocol. Participants can stake their PERL tokens to provide liquidity and be rewarded for doing so. Rewards for liquidity provision will initially be distributed in PERL, BAL and UMA tokens. PerlinX also leverages the UMA protocol to generate synthetic assets. Each asset will have its own price feed, which is powered by UMA's Data Verification Mechanism (DVM), a decentralized oracle that's designed to solve the problem of centralized and corruptible oracle price feeds. All synthetic assets on PerlinX will have the prefix px (eg. pxGold, pxCarbon, etc). Every synthetic asset created using the PerlinX platform will require PERL as collateral. Perlin's mission is to bridge legacy financial systems and products to DeFi and democratizing market access for all. Perlin is focused on helping to create more efficient, equitable, and open marketplaces and economies that can benefit everyone everywhere. As the first ever project in the world to enable synth asset minting based on UMA Protocol – we’re now one step closer in the grand vision. PERL can be used as both a liquidity and collateral asset. You can stake PERL to provide liquidity to the PerlinX platform and receive incentives in PERL and BAL rewards for doing so (UMA rewards coming soon too!). Or you can use PERL as collateral to create synthetic PxAssets. “

Perlin Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Perlin directly using US dollars. Investors seeking to trade Perlin should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Perlin using one of the exchanges listed above.

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