By Luke - Crypto Retailer - 01-12-2021
Perpetual Protocol (PERP) v2, an incentive distribution software, will soon be launching on the layer-2 Ethereum (ETH) Network. The Perpetual protocol will be released to Optimism Mainnet; the integration will reportedly minimise the costs needed to trade crypto and accelerate transaction speeds. The protocol is a decentralised perpetual futures exchange; the exchange was transferred to the Layer-2 location within the Ethereum ecosystem; more precisely, the protocol was moved into the roll-up scaling solution Optimism. The new launch was Ethereum's most recent strategy to create the best running decentralised cryptocurrency trading platform.
As previously mentioned, the Perpetual Protocol makes trading more affordable and fast. The protocol also relies on Ethereum's strength in security and its decentralised blockchain technology. Its native cryptocurrency PERP powers Perpetual, also, the more users buy PERP crypto tokens and hold them, the more voting rights they have. Perpetual's strategy for governance ensures that those who are financially invested and are buying PERP cryptocurrency are rewarded by having a say in changes to the network.
Reportedly, in the testnet launch for the protocol, around 3,000 users in a contest had a total generated trading volume of 480 million over seven days. According to statistics and data from the testnet, trading slippage had improved by a drastic 900% since Perpetual's version 1 system. Users have also seen a 4,600% decrease in gas fees making Perpetual Protocol v2 far superior when operating within the Optimism Mainnet.
If you are looking to Buy and Sell PERP, then you can head over to BC Bitcoin where you can safely start trading today.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards