Persistence is a financial product ecosystem for large retail investors and financial institutions. Persistence wants to be a bridge between decentralized finance and traditional economies, and help develop DeFi applications in the NFT suite.
The series that Persistence has developed include: pStake (liquidity tool for staking), Asset Mantle (NFT marketplace), AUDIT.one (staking aid), pLend (interactive tool with debt) and Comdex (decentralized commodity exchange).
This is one of the most impressive ecosystems in the Cosmos, with a very impressive set of protocols.
Persistence aims to leverage institutional and crypto-native liquidity in the dApp layer in a two-step approach. They aim first to bring the benefits of public blockchain technology to institutional use cases, to take advantage of institutional liquidity, and second to bring institutional products to crypto native stakeholders, leveraging retail liquidity.
In the real world, you can use real-world asset collateral to help secure short-term financing. In the crypto ecosystem you can only borrow stablecoins by placing other crypto assets as collateral (often used). But one problem with crypto assets is that traders and SME businesses are still unable to use crypto regularly. Most of the time the user has to pay for expensive gas and also requires additional knowledge of the system. And lastly, there is still a lot of uncertainty with cryptos which makes it really complicated. Having said all that, data is also an important issue. Data leaks and malicious activity have also hindered DeFi's development, making it very difficult for other platforms to try to solve this problem.
Products in the Persistence ecosystem include :
- Comdex : Comdex is a decentralized commodity trading solution for businesses, covering the entire transaction process including buyer / seller connections, transaction confirmations and payments. Comdex is currently the most successful app in this segment, with a total transaction volume of over $ 55,000. You can see, this is a very new segment and has a lot of growth potential, as the transaction volume of the leading app is just over 50 thousand dollars.
- pStake: This product helps to open up staking liquidity on chains operating under the Proof-of-Stake mechanism, thereby helping users increase their profit chances from token staking. More than $ 450 billion is at stake across the market, and this will be a great opportunity for this product to grow.
As far as I can see, this is a product with great growth potential, as the demand for unlocking liquidity is very high. This will be a very important part of this ecosystem. - AUDIT.one: This is a product that provides a betting solution (Staking-as-a-Service). The company provides staking solutions to investment companies and funds, and currently supports more than $ 250 million in assets across more than 10 different networks.
- Asset Coat: (Develop Products) NFT Market helps users create their own NFT shop. Allows NFTs on different networks to be transacted, from electronic images, tickets, music,…
- pLend: (Develop Product) pLend is a stablecoin product created from mortgages of real-world assets. As you can see, the Persistence protocol package is aimed primarily at companies and hedge funds with a large need for market entry, and interaction with DeFi. All products have very practical applications.
Most likely, Persistence will choose the same development path as its fellow Terra-hit users to solve problems facing financial services such as long payment times, lack of transparency and demand. ask for trust.
Persistence blockchain system
As a Proof of Stake (PoS) blockchain system, this protocol has three layers of the Persistence chain (the application chain that gains security from the main chain and its validators), the Persistence SDK (a plug and play module system that empowers functionality on the network), and the Persistence dApps (application financial based).
The design principles are chain sovereignty (independent secure blockchain operation), liquidity, and usability for business purposes. The Persistence protocol blockchain system maintains privacy by default but complies with laws and regulations, integrates with FIAT on and off-ramp, and allows simplification of processes.
The Persistence SDK is by far the most important platform implementation of the blockchain. The Software Development Kit is a highly effective module system that enables the creation of markets, resulting in a fast and comprehensive exchange of value.
Overall, the SDK protocol is characterized by four main features, namely accessibility, liquidity, innovation and sustainability. These factors empower the protocol and enable the Persistence One platform to scale up physical commodities in the chain as NFTs.
In addition, through the SDK factor, the platform can efficiently implement crypto with real-world use cases ensuring a sustainable stream of income. As such, this opens up huge potential for the MSME business in the DeFi realm through untapped liquidity; thus providing tremendous opportunities in the crypto space.
Token Information from Persistence
- Key Metrics
- Token Name: XPRT token.
- Ticker: XPRT.
- Total Supply: 100,000,000 XPRT.
- Circulating Supply: 9,287,107
XPRT Token Allocation
The number of tokens will be distributed gradually over 42 months, with the following allocations:
- Marketing & Growth: 25.6% equivalent to 25,600,000 XPRT;
- Ecosystem Development & Growth: 19.4% equivalent to 19,400,000 XPRT;
- Team: 16% equals 16,000,000 XPRT;
- Seeds and Private Sales: 14% equal to 14,000,000 XPRT;
- Validator Incentives: 10% equals 10,000,000 XPRT;
- Validators & Strategic Sales: 10% equals 10,000,000 XPRT;
- Advisor: 4% the equivalent of 4,000,000 XPRT;
- Public Sale: 1% equals 1,000,000 XPRT.
Token Sale
The XPRT token has two sales rounds: a private sale and a public sale. The public sales rounds sell for $ 0.45, the private sales rounds sell for $ 0.4.
There is information about the token sale on AscenDEX, please see below:
XPRT token sale on AscendEX (Formerly BitMax exchange) on March 31.
Total amount sold: 1,000,000 XPRT tokens (1% of total supply).
In order for institutional investment to flow into the cryptocurrency sector, traditional institutions must be familiar with this digital asset. This convenience can come from a trusted platform like Perseverance which bridges the gap between these two worlds. Additionally, linking crypto assets to real-world assets is key to financing SMEs that have long been overshadowed by large corporations in terms of access to loans.
This will be made possible by lowering or removing barriers to holding virtual currencies and embracing decentralized protocols that adequately address data privacy and security concerns. Persistence effectively tackles this problem using a stack made up of the app chain, SDK, dApps, and Persistence token (XPRT) to complete the cycle.
For more information:
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Author : Pavlick08
Persistence wallet : persistence1lq8ajrrar274es8ce0fcga59ag7yxdyq2ym2z7
USDT wallet : 0x05A5562de58C7B3645B3615f1c863cA92499d404
