$PERPS Token

Specifications

1. Token: $\text{PERPS Token}$
2. Ticker: $\text{\$PERPS}$
3. Max Supply: $$\begin{gathered} 250,000,000 \\ \text{PERPS} \end{gathered}$$
4. Launch Date: TBA
5. Token Contract: TBA

Tokenomics

A maximum supply of $250$ Million $\text{\$PERPS}$ tokens is allocated as follows,

Development Fund

The development fund will be announced from foundation, will incentivize builders, liquidity providers, and traders to participate in the evolution of the protocol and drive innovation.

The development funds will be available through a Variable Rate Gradual Dutch Auction(VRGDA).

Token Utility

$\text{\$PERPS}$ is the core utility token powering the perpetuals.fun and GenieDEX ecosystem, designed to enhance platform efficiency, reward participants, and create long-term value.

1. Deflationary Mechanisms

• Pool Creation Fees: 50% of all pool creation fees on perpetuals.fun are converted to $\text{\$PERPS}$ and burnt.
• Bonding Curve Liquidity: 1% of liquidity from every fully filled bonding curve from perpetuals.fun is converted to $\text{\$PERPS}$ and burnt.

GenieDEX Integration

$\text{\$PERPS}$ plays a vital role in GenieDEX, offering:

• Trading Fee Discounts
• Liquidity Mining Incentives
• Single and Multi-Hedging Bots
• Centralized Hedging Bot Access

Future Expansions

$\text{\$PERPS}$ will integrate into future features and platforms across the perpetuals.fun and GenieDEX ecosystems, ensuring continuous utility and demand.