New Micro Cap

Hey everyone as promised I have been looking for more coins to get into. I found one that could do very well in the future. In fact it is a very small coin. The fully diluted market cap is a measly $5.4 million. The volume is tiny as well at only $65K.

PERPS (NO NOT PERP which is another coin I am in) is a cryptocurrency token that is designed to be used on the Perps trading platform. Perps is a decentralized perpetual contract trading platform that offers users the ability to trade perpetual contracts on a variety of assets, including cryptocurrencies, commodities, and stocks.

Here are some of the specific use cases for PERPS tokens:

• Pay trading fees: PERPS tokens can be used to pay for trading fees on the Perps platform. This includes fees for placing orders, filling orders, and liquidating positions.
• Stake to earn rewards: PERPS tokens can be staked to earn rewards in the form of additional PERPS tokens. The amount of rewards earned is determined by the amount of PERPS tokens staked and the staking duration.
• Participate in governance: PERPS token holders can participate in governance on the Perps platform by voting on proposals and submitting their own proposals.

The contract address for PERPS is: 0xD3D0cFF8d48846042f17583ADd5B795cfd81A0d2

You can check them out on Dexscreener here: https://dexscreener.com/ethereum/0x989dd57d45ce4c3917df50f87b66e7fa8bc4c87e

Here is their website: https://www.perps.tech/

You will notice that you cannot find this coin on Coinmarketcap. But thats why we have Dexscreener which helps identify on chain coins like this.

I only put a small amount into this because it is so new and the liquidity is so low. I had to put slippage at 6 percent EVEN THOUGH I DIDN’T PAY 6% MORE. It turned out to be under 2 percent. I used Uniswap for this trade and actually bought it with USDT. My price of entry was around 10 cents (it varied a couple decimal points). Please Do your own research before buying this if you do decide to do so. And if you do decide to do so, please don’t put a large order. This is so that you don’t skyrocket the price. Liquidity is very low on this. Okay I hope I gave you all enough disclaimers.

Toby