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
Perpetual Protocol (PERP) Resources
Simple 3-step guide to buying PERP today in Philippine
Create your free Bitget account
Select a funding method
Complete your Perpetual Protocol purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Perpetual Protocol using a payment method of your choice:
Buy Perpetual Protocol with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tabCredit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget website
Select your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget website
For Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Perpetual Protocol order.How to buy crypto with credit/debit cardBuy Perpetual Protocol with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Perpetual Protocol is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Perpetual Protocol order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Perpetual Protocol order.Buy Perpetual Protocol with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Perpetual Protocol order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Perpetual Protocol in your Bitget spot wallet

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- Learn how to earn Perpetual Protocol for free through the Learn2Earn promotion
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- Receive free Perpetual Protocol airdrops by joining On-going challenges and promotions

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The official languages in the Philippines are English and Filipino, so you can easily enjoy the service on Bitget as it is fully supported in English regardless of Bitget app or website. The Philippine peso (PHP) is the country's currency, and you can use PHP to buy Perpetual Protocol(PERP) on our P2P, spot, and futures trading right away on Bitget. Whether you are in Manilla, Quezon City, or Davao City, Bitget is ready to serve you with any cryptocurrency needs with the best trading experience.
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