Persistence is an ecosystem of financial products for both retail investors and large financial institutions. Persistence wants to be a bridge between decentralized finance to the traditional economy, and help to develop DeFi applications in the NFTs array.
The suite that has been developed by Persistence includes: pStake (a liquidity tool for staking), Asset Mantle (NFT marketplace), AUDIT.one (staking aid), pLend (an interactive tool with debts) and Comdex (decentralized commodity exchange).
This is one of the most impressive ecosystems on Cosmos, with an extremely impressive set of protocols.
What are the highlights of Persistence?
Products in the Persistence ecosystem include:
Comdex: Comdex is a decentralized commodity trading solution for businesses, covering the entire transaction process including buyer / seller connection, transaction confirmation and payment. Comdex is currently the most successful application in this segment, with over $ 55,000 in total transaction volume. You can see, this is a very new segment and has a lot of growth potential, because the transaction volume of the leading application is just over 50 thousand dollars.
pStake: This product helps to unlock staking liquidity on chains operating under the Proof-of-Stake mechanism, thereby helping users increase their chances of profit from token staking. More than $ 450 billion is staked on the entire 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, because the demand for unlocking staking liquidity is very high. This will be a very important piece in this ecosystem.
AUDIT.one: This is a product that provides a staking solution (Staking-as-a-Service). The company provides staking solutions to companies and investment funds, and currently supports more than $ 250 million in assets across more than 10 different networks.
Asset Mantle: (Developing Product) NFT Market helps users to create their own NFT store. Allows NFTs in different networks to be transacted, from electronic pictures, tickets, music, …
pLend: ( Developing Product) pLend is a stablecoin product created from the mortgage of real-world assets.
As you can see, Persistence’s protocol suite is aimed primarily at companies and hedge funds with a great need for market entry, and interaction with DeFi. All products have very practical applications.
Most likely, Persistence will choose the same development path as fellow Terra – hit the end user to solve the problems facing financial services such as long payment times, lack of transparency, and demand. ask for trust.
Token information of Persistence
Key Metrics
Token Name: XPRT token.
Ticker: XPRT.
Total Supply: 100,000,000 XPRT.
Circulating Supply: 9,287,107 XPRT
Token Allocation
The amount of 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% equal to 16,000,000 XPRT;
Seed and Private Sale: 14% equal to 14,000,000 XPRT;
Validator Incentivization: 10% equal to 10,000,000 XPRT;
Validators & Strategic Sale: 10% equal to 10,000,000 XPRT;
Advisors: 4% equivalent to 4,000,000 XPRT;
Public Sale: 1% equal to 1,000,000 XPRT.
Token Sale
XPRT token has two sales rounds: private sale and public sale. The public sale round is sold for $ 0.45, the private sale round is sold for $ 0.4.
There is information about token sale on AscenDEX, please refer below:
The XPRT token sale on AscendEX (Formerly the BitMax exchange) on March 31.
Total amount sold: 1,000,000 XPRT token (1% total supply).
Token Release Schedule
The amount of tokens will be distributed as follows:
Token Use Case
In the Persistence ecosystem, XPRT is a token that has a lot of functions, including governance, participation in staking for network protection and rewards, and can be used to interact with many applications in the ecosystem.
Specifically, the 3 functions of XPRT include:
Governance: XPRT holders will be able to participate in the governance of protocols in the Persistence ecosystem by making proposals and voting for those proposals based on the amount of tokens they hold.
Staking: Because Persistence operates under a Proof-of-Stake mechanism , Staking is an extremely important part of ensuring the necessary security of the network. Persistence validators are the leading validators in the world, spanning all over the country. Token holders can authorize staking their tokens to validators if desired.
Interacting with the ecosystem: The value of XPRT is based on the success of decentralized applications in the Persistence ecosystem. The protocol fees of the dApps will be collected for the XPRT token holders.
You can see, the product ecosystem model is no longer new to the cryptocurrency market. There are already a lot of ecosystems that use this model to operate, for example Hakka Finance. The price of XPRT will depend entirely on the success of the products in the ecosystem, if the product has many users, there will be a lot of transaction fees obtained, thereby supporting the price of the XPRT.
Storage wallet in Website: https://wallet.persistence.one/
XPRT exchange: https://ascendex.com/en/basic/cashtrade-spottrading/usdt/xprt
Roadmap & Updates
In the future, the development team will first focus on finalizing the 5 protocols in the ecosystem, as currently two out of the five protocols are still incomplete.
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Profile Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1793127
PERSISTENCE WALLET : persistence13kd3drqtk0djl2tret5skmrsray5p5ljzfratc
USDT WALLET : 0xb31F778574bE2aC3A0d8023e4c2fC762949578C2
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