What is persistence? Persistence is an open financial support protocol developed on the Cosmos ecosystem. We will learn about this cryptocurrency together in today’s article!
What is persistence?
Persistence is a protocol that supports open finance by facilitating the borrowing of cryptocurrencies (stablecoins) using real-world assets, such as bills, as collateral. built on the Cosmos ecosystem. This helps connect DeFi and traditional finance, and uses DeFi features to solve real-world financial problems.
Persistence aims to facilitate efficient global capital allocation by allowing participating businesses and individuals to take out loans to meet their financial needs. It aims to enable investors in low interest rate jurisdictions to generate returns through a new real-world asset class.
Persistence Difference
1. Tokenization of assets
Tokenize real-world assets using NFTs to bring them online into the DeFi ecosystem.
2. Exchange of assets
Cross-chain exchange of cryptocurrencies and real-world assets (NFT markets).
3. Aggregate liquidity
Invest/lend into diverse Stablecoin liquidity pools backed by real-world assets.
Persistence Products
Comdex: Comdex is a blockchain-based decentralized finance (DeFi) platform. This platform focuses on bridging the gap between traditional or centralized finance and DeFi. Comdex aims to create synthetic asset protocols to enable traders to access a wide range of assets in the financial markets and generate maximum profits from safer avenues. The protocols are designed to unlock access to debt assets and provide liquidity, aiming to enable the seamless flow of capital from DeFi to centralized finance.
pStake: pSTAKE Finance is a liquid staking protocol on the blockchain. Persistence allows the use of staking assets. While the tokens are being staked, they cannot be used elsewhere. As mentioned, in a fairly new market like cryptocurrency, assets need to constantly move and create as much market as possible. Staking prevents this from happening. pSTAKE Finance attempts to solve this problem by supporting further use cases of staked tokens.
AUDIT.one: This is a product that provides enterprise-grade blockchain infrastructure to networks using a proof-of-stake mechanism to accelerate the adoption of decentralized technology.
Asset Mantle: This is an NFT market that helps users create their own NFT store. Allows the ability to trade cross-chain NFTs from digital paintings, tickets, music, etc.
pLend: is a stablecoin product created from collateralizing real world assets.
Core Team
- CEO: Tushar Aggarwal
- CTO: Deepanshu Tripathi
- Software Development
In addition, the development team includes many members with extensive experience in: Administration, Business, Marketing, Blockchain,…
Tokenomics
Overview information about XPRT token
Token Allocation
The tokens will be distributed gradually over 42 months, with the following allocation:
- Marketing & Growth: 25.6% equivalent to 25,600,000 XPRT;
- Ecosystem Development & Growth: 19.4% equivalent to 19,400,000 XPRT;
- Team: 16% is equivalent to 16,000,000 XPRT;
- Seed and Private Sale: 14% is equivalent to 14,000,000 XPRT;
- Validator Incentivization: 10% is equivalent to 10,000,000 XPRT;
- Validators & Strategic Sales: 10% is equivalent to 10,000,000 XPRT;
- Advisors: 4% is equivalent to 4,000,000 XPRT;
- Public Sale: 1% is equivalent to 1,000,000 XPRT.
Token Release Schedule
The amount of XPRT tokens will be distributed as above!
Token Use Case
XPRT has 3 main functions:
- Administration: Users can use XPRT to participate in the governance of protocols in the Persistence ecosystem by making proposals and voting for them based on their token holdings.
- Staking: Holders can authorize validators to stake their tokens.
- Interaction with the ecosystem: The value of XPRT is based on the success of decentralized applications within the Persistence ecosystem. The protocol fees of the dApps will be collected for the XPRT token holder.
Partner
Currently Persistence is working with a number of major partners such as Alameda Research, Cosmostation,…
Exchanges
Persistence is currently traded on exchanges such as Huobi, Kucoin, Gate,…
Persistence’s Information Channels
- Website: https://persistence.one/
- Twitter: https://twitter.com/PersistenceOne
- Telegram:
- Medium: https://medium.com/persistence-blog
- GitHub: https://github.com/persistenceOne
Total keh
Together we learned what Persistence is and how it works. How do people rate this project? Please share with us below!
