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Learn about Perpetual Protocol & earn $5 PERP - CoinMarketCap Earn

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Written by   13
2 months ago

The Perpetual Protocol "Learn & Earn" campaign will run from November 4th to November 17th.

What is Perpetual Protocol?

Perpetual Protocol builds on an Uniswap-inspired automated market maker (AMM) design. Their liquidity pool is virtualized and determined algorithmically and, rather than rely on liquidity providers to determine the curve of a given market, Perpetual Protocol can programmatically set and update the parameters of the virtual AMM and offer a competitive product for any given market at all times.

Before taking the quiz, make sure to learn about Perpetual Protocol through the 4 lessons below. Even though I provide the answers, the whole purpose is to learn something new:

How to take the quiz?

Make sure to have a CoinMarketCap account and a Binance account (KYC verified) as you will need a Binance user ID to complete the quiz. The tokens will be dropped into your $PERP Spot account. 

Once you're all set, you can now take the quiz to which you will find the answers below:

  • On Perpetual Protocol, users can provide liquidity with up to _x leverage?
    10

  • Which one of the following is NOT an advantage of Perpetual Protocol?
    It offers real-time customer service

  • In order to trade on the protocol, which asset(s) do you need in your cryptocurrency wallet?
    ETH & USDC

  • Which scaling solution is Perpetual Protocol built on?
    Arbitrum

  • What is a perpetual contract?
    A financial product that enables you to speculate on any asset's price movement

  • To provide liquidity on the protocol, the only way to do it is to manually select which market to provide liquidity to and in which price range. True or False?
    False

  • Perpetual Protocol allows cross-margin mode at launch. What does that mean?
    You can open multiple positions using your account balance as the collateral

  • Can anyone open new markets on Perpetual Protocol and get a cut of the transaction fees in the future?
    Yes

  • Add Perpetual Protocol to your public watchlist and paste the URL
    (ex: coinmarketcap.com/watchlist/605f6a56c7173f644f765318)

Successful users will receive $5 worth of PERP as a reward and 50 Diamonds additionally. Note that the rewards are limited and distributed randomly.

Thanks for reading.

 

Disclaimer: All information found on this article is for informational purposes only. I do not provide any personal investment advice so please make your own research before proceeding to any investment/trading actions.


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