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Swaperry (PERRY) is a cryptocurrency launched in 2021. PERRY has a current supply of 200.00M with 0 in circulation. The last known price of PERRY is 0.001083939378 USD and is -0.000011553071 over the last 24 hours. It is currently trading on active market(s) with $154.18 traded over the last 24 hours. More information can be found at https://www.swaperry.com.

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PERRY Price Statistics
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Updated May 24, 2024 9:13 am
Mkt Cap $0
There's nothing here for now
Market Performance of Low Circulation/High FDV Tokens Analyzed
Market Performance of Low Circulation/High FDV Tokens Analyzed
According to PANews, in recent weeks, there has been much discussion about low circulation/high FDV tokens. The performance of these tokens in the market has been analyzed, with some interesting findings. The study found that Memecoins performed the best, with their entire supply circulating from day one. Interestingly, both old and new Memecoins showed excellent performance. On the other hand, the worst-performing projects were newer VC projects with a very high 'Not Circulating Supply (NCS)'. Despite the general trend, there were some outliers. These projects, which launched in January 2024, showed that new projects with a high NCS could still perform well. The reason for their success was attributed to narrative. Upon closer observation, it was found that while projects with a high NCS often performed poorly, there was no clear distribution pattern among projects with extremely low or high NCS. For instance, quality projects with a low NCS like FXS (NCS 20%), MASK (NCS 4%), and RPL (NCS 0%) had market performances of -44%, -10%, and -22% respectively in the past three months. However, on a positive note, it was observed that projects with a lower NCS generally performed better, regardless of the project's age. The conclusion drawn was that market conditions and narrative are the main factors determining asset performance. However, high NCS projects often perform poorly and are usually a better choice for hedging or in a bear market. When comparing low circulation/high FDV projects to high circulation/low FDV projects, the former performed quite poorly, with only two notable exceptions. On the other hand, barring a few Memecoin outliers, high circulation/low FDV projects usually performed better. In conclusion, while low circulation/high FDV projects often perform poorly, there are a few exceptions. However, finding these exceptions requires a lot of effort and success is not guaranteed. Despite data showing Memecoin's excellent performance in this regard, not everyone may be willing to trade Memecoin. The solution? Become a narrative trader and find the best balance point. Projects with an NCS between 10% and 50% were found to perform the best recently, including FET, FTM, PENDLE, RNDR, AGIX, and AKT.
May 24, 2024 9:04 am

Frequently Asked Questions

  • What Is Swaperry (PERRY)?

    Swaperry is a decentralized exchange (DEX) designed to be highly performant, transparent and feature-riched to asset traders. It is built on top of the Polkadot ecosystem, which aims to offer scalability, noticeably faster transactions and cheaper fees.

    PERRY is the native utility token that is used for:

    • Unlocking more advanced trading functionalities for superusers.
    • Sharing revenues from transaction processing fees.
    • Participating in governance voting.

    Swaperry’s current products include:

    • A user-friendly, AMM-based exchange with advanced features, previously only available on centralized exchanges, like limit order, options, derivatives.
    • Cross-chain support within the polkadot ecosystem and eventually externally to other popular blockchains (bitcoin, ethereum, etc).
    • A suite of tools that help traders analyze the market, aggregate prices and make informed decisions.
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  • What problems do Swaperry solve?

    2 types of exchanges currently exist on the market. Centralized exchanges (CEX) are traditional exchanges, powered by an off-chain system, and usually enable asset trading via orderbooks. Decentralized exchanges (DEX) are a new form of exchange that have been gaining popularity recently. Their decentralized architecture allows users to trade in a non-custodial, secured, and anonymous manner. Most popular DEXes employ an automatic-market-maker (AMM) approach to facilitate trading, as opposed to orderbooks.

    While DEXes saw huge increase in usage the past few years, CEXes are still producing most of the trading volumes, because DEXes come at a price: 1) transactions are often delayed and slow, 2) most DEXes do not offer cross-chain trading, 3) user interface is more confusing, 4) advanced features like options, limits and margins, are non-existent.

    Swaperry aims to be the next generation of DEXes, by solving all those 4 limitations. Taking advantage of Polkadot, a blazing fast & cost-effective parachain ecosystem, Swaperry employs intelligent algorithms and optimization techniques that make trading feel comparable to that of CEXes. Ultimately, it sets an ambitious but achievable goal to show the world that CEX is the past and DEX is the future.

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  • How Many PERRY Tokens Are There in Circulation?

    Swaperry plans to launch on mainnet in July with 10 million PERRY tokens created at genesis. Additional tokens are minted linearly over the next 5 years, to a total of 200 million tokens, to support the product, its development and future expansion.

    The allocation of all tokens are as follows:

    • 6% Seed Sale
    • 16.5% Private Sale
    • 2.5% Public Sale
    • 9% Marketing & Listing
    • 20% Team Founders & Advisors
    • 6% Ecosystem
    • 20% Liquidity Mining
    • 20% Foundation
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  • Who Are the Founders of Swaperry?

    Swaperry was built with passion by Phil Dang (CEO) and Tuan Nguyen (CTO), both of whom have a strong background in engineering.

    Phil Dang, was a senior software engineer based in Silicon Valley. He worked at Facebook, followed by Google, for many years. He met and befriended Tuan Nguyen, a veteran engineer at U.S. Motorola, on a business trip in 2015. The two shared an excitement for blockchain technology, and later formed the Swaperry team in September 2019.

    The project grew to become Swaperry, now with nearly 20 engineers, and a wide panel of established advisors, including founders of Rikkeisoft, PolkaFoundry, Kyber Networks and Tomochain.

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  • Where Can I Buy PERRY Tokens?

    Swaperry is currently in its pre-launch phase so its tokens are not yet on the market. It is planning to IDO in June and IEO on popular exchanges in July.

    Please check back later for updates.

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  • What is the all-time high price of Swaperry (PERRY)?

    The all-time high of PERRY was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Swaperry (PERRY) is 0. The current price of PERRY is down 0% from its all-time high.

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  • How much Swaperry (PERRY) is there in circulation?

    As of , there is currently 0 PERRY in circulation. PERRY has a maximum supply of 200.00M.

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  • What is the market cap of Swaperry (PERRY)?

    The current market cap of PERRY is 0. It is calculated by multiplying the current supply of PERRY by its real-time market price of 0.001083939378.

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  • What is the all-time low price of Swaperry (PERRY)?

    The all-time low of PERRY was 0 , from which the coin is now up 0%. The all-time low price of Swaperry (PERRY) is 0. The current price of PERRY is up 0% from its all-time low.

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  • Is Swaperry (PERRY) a good investment?

    Swaperry (PERRY) has a market capitalization of $0 and is ranked #5793 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Swaperry (PERRY) price trends and patterns to find the best time to purchase PERRY.

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