I generally follow three principles when selecting projects: I don't invest if the project team is Chinese, I don't invest in those without funding, and I don't invest if they have endless PUA users. Perennial perfectly avoids these three issues, and the potential of this project goes far beyond that.
This project has been quietly building for 3 years, and the product is visibly improving. The project team is very low-key, with almost no promotional marketing, at least not in the Chinese market. Moreover, with a reputable airdrop, this project currently has a points system. The official team has clearly stated that the total amount of points has a cap, and once that cap is reached, TGE airdrops will happen immediately, without any delays. A strong background, abundant resources, and effective execution—who wouldn't like such a project team?
💥Reasons to invest in this project?
Mainly analyzing from three aspects: team background, funding situation, and airdrop plans.
Team background: Firstly, the team is entirely composed of Europeans and Americans, with not a single Chinese member (this is not a discrimination against Chinese people, but I have really been scared off by Chinese projects). Projects led by European and American teams are generally characterized by being slow in execution but effective in delivering results, and they absolutely do not engage in PUA. This is also why I like European and American teams so much.
Co-founder Arjun Rao: Senior software engineer at Coinbase, software engineer at Airbnb, former co-founder of Astro Wallet.
Co-founder Kevin Britz: Former Coinbase DeFi advisor, former software engineer at Airbnb.
Funding situation:
In December 2022, it completed $12 million in funding during the seed round, with Polychain leading and Coinbase participating. This resource background is unparalleled. The team background and funding institutions are directly related to Coinbase, and after the project issues tokens, getting listed on Coinbase is basically assured.
Airdrop plan:
This project currently has a points system, where the amount of points represents future airdrop shares. The key point is that the project has a cap on points, and once that cap is reached, TGE will be executed immediately! This effectively avoids the project team from endlessly PUAing users.
💥Interactive tutorial
~Go to website: https://app.perennial.finance/trade?referrer=haiyang
~Click the wallet link in the upper right corner, select the ETH-USD trading pair, choose 'long' or 'short' to open a long or short position. To reduce risks, select 1x leverage.
~(Optional) At the same time, open a reverse long or short position on Binance or OKX for risk hedging. Doing this incurs zero risk; you won't lose or gain anything. ~Click the 'Earn' button above, select the ETH vault or BTC vault, enter the amount you wish to deposit, and confirm in your wallet.
For projects in the decentralized derivatives space, their airdrop rules generally revolve around a few dimensions: trading volume, trading frequency, LP quantity, etc. Therefore, to obtain a higher airdrop share, we should maximize trading volume and increase LP deposits where possible.
Regarding the airdrop points rules for this project, the official team has provided detailed explanations. For specifics, please refer to the official documentation: https://docs.perennial.finance/perennial-petals
