PERI Finance Announces IEO on Gate.io

This article originally appeared in Medium and can be found here

PERI Finance, a leading DeFi platform of various derivatives and synthetic assets exchange protocol, announced that its PERI token is coming to the public via Gate.io.,leading blockchain assets exchange. IEO(Initial Exchange Offering) will be launched on 10th May, 2021 14:00 UTC.

PERI Finance is a decentralized cross-chain synthetic issuance and derivative exchange protocol that provides unlimited liquidity on Polkadot network. Users staking PERI token will have an access to a wide range of both traditional financial and crypto assets including NFT fractional in the forms of leveraged and none-leveraged synthetic products. This will attract all arbitrageurs and traders from all different blockchain networks using a RelayChain on the Polkadot. PERI Finance’s protocols are designed to solve current drawbacks of other Defi projects like high GAS fee, slow transaction speed, and attacks like front-running or flash loan. PERI Finance’s seed investment was led by well-known crypto VC partners, such as LD Capital, OneBlock, Dasheng Capital, BlueBloock, PrivCode(MXC), AU21, Mindworks, DuckDAO, Ruby Capital, Momentum 6, Ramprate, Blackdragon Capital, Blocksync, HotLab, 18 Ventures, Deep Ventures, CryptoRevolutionn, Dextforce Ventures, Quiverx, CSP DAO, Fermion Capital and others.

Image: Apr.2021’s Top gainers among exchange token, from CryptoRank
Gate.io, founded in 2013, is known for backing innovative, high yield digital assets projects. CoinMarketCap, a third-party crypto data provider, recognizes Gate.io as one of the world top 10 crypto asset exchanges with a robust community and hundreds of trading pairs, which have driven its growth. Gareth Bowles, co-founder of PERI Finance said that “PERI Finance is delighted to work with a leading crypto exchange platform.” adding that “This will be an exciting milestone in our strategic partnership with Gate.io

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