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What is the issuing price of DERI currency Introduction to the

Date:2024-07-31 19:15:03 Channel:Exchange Read:


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DERI coin is the protocol token of the Deri
Protocol project. It is also a privileged token. In the DERI ecosystem, all users can obtain some privileges if they hold DERI shares during the DERI trading business. The Deri protocol is mainly designed and developed by Defi
Factory, and the Defi
Factory team members are involved in a wide range of fields, including experts in finance, mathematics and computer science. The project team has relatively senior experience in pricing and trading of derivatives. Many investors want to know what the issue price of this DERI coin is? Let the coin circle editor introduce the initial price of this DERI coin to everyone.

 What is the issue price of DERI coin?

According to the investigation of the coin circle editor, the issue price of DERI coin is 0.1 US dollars, and the issue time is February 15, 2021. The protocol is a DeFi way to trade derivatives: hedging, speculation, arbitrage, everything is on the chain. With the Deri protocol, transactions are executed under the AMM paradigm, and positions are marked as NFTs, which can be highly combined with other DeFi projects. The Deri Protocol provides an on-chain mechanism to accurately and efficiently exchange risk exposure, casting one of the most important blocks in the DeFi infrastructure.

Deri
Protocol has undergone two major version iterations and has always supported two types of derivatives: perpetual contracts and perpetual options. As of now, it has been deployed on multiple blockchain networks, serving the hedging and speculation needs of traders, and processing a total transaction volume of more than 10 billion US dollars. Statistics show that the Deri Protocol has become one of the most used DeFi derivative protocols per transaction volume.

 DERI coin project comprehensive introduction

The Deri Protocol runs entirely on-chain and does not require any registration like on centralized exchanges. To trade on the Deri Protocol, users need a non-custodial wallet located on the following blockchains:

· Smart Chain (BSC)

· Polygon

· Ethereum (currently inactive)

· Ecological Chain (Heco) (currently inactive)

Our ecosystem is an entity composed of various important contributors and key roles, each of which performs an important task.

1. Liquidity providers Liquidity providers provide liquidity to the pool in exchange for transaction fees, funding fees, DERI rewards, etc., and therefore act as the counterparty of the trader.

2. Traders These are the end users of the Deri protocol, i.e. people who use the Deri protocol to trade derivatives.

3. Arbitrageurs Arbitrageurs are a special type of trader who balances both long and short positions through funding fee arbitrage inducements.

4. Position liquidators When a position breaks through the liquidation line, the liquidator can pay gas to liquidate the position and share part of the position's remaining margin as a reward.

The above content is the detailed answer of the editor of the currency circle to the question of how much the DERI coin is issued. As a decentralized derivatives trading solution, the Deri protocol essentially has all the defining features of DeFi and financial derivatives. Just like real DeFi, the Deri protocol can actually be regarded as a set of smart contracts deployed on the Ethereum blockchain, and all its operations are completed on the chain. The project is also relatively open. All users can use some basic tokens to start the pool. The entire transaction process is also very simple. If you are interested in the project, you can continue to pay attention to its subsequent development.

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