About Persistence
Persistence is an interoperable protocol built to facilitate the creation of next-gen financial products. The Persistence tech stack provides the infrastructure to effectively bridge the realms of DeFi and traditional finance in a variety of areas, whilst also enabling the creation of innovative crypto-facing solutions to expand the DeFi and NFT sectors.
Why Persistence
Persistence is a protocol powering institutional open finance by facilitating the borrowing of cryptoassets (stablecoins) using real-world assets, such as invoices, as collateral. This bridges DeFi and traditional finance and uses the features of DeFi to solve real-world financing problems.
Persistence was started with the thesis of using Public Blockchain Technology and features of Decentralised & Open Finance (DeFi/OpFi) to solve inefficiencies in cross border payments and business financing. As a byproduct of solving these problems, Persistence aims to enable fundamentally new capital to enter the cryptocurrency industry.
Persistence bridges DeFi and Traditional finance by facilitating borrowing of Crypto Assets (stablecoins) using real-world assets (invoices to begin with) as collateral.
Persistence facilitates seamless exchange of value to increase the speed and efficiency of real-world Trade, Payments and Business financing
Persistence is a protocol powering institutional open finance by facilitating the borrowing of cryptoassets (stablecoins) using real-world assets, such as invoices, as collateral. This bridges DeFi and traditional finance and uses the features of DeFi to solve real-world financing problems.
XPRT will carry a variety of use cases within the Persistence ecosystem, including participating in staking to contribute to network security, and community governance of the Persistence mainchain.
As a ‘work’ token, XPRT will also accrue value in direct correlation to increased financial activity within Persistence’s ecosystem dApps. An example of which is Comdex, an institutional-facing commodities trading and trade financing platform, which has already handled over $41M in transaction volume since its launch.
Mission & Vision
The Internet disintermediated the Media & Communications industry. Using HTTP, SMTP and TCP/IP as the foundational layers, the cost of information exchange was significantly lowered.
Persistence is leveraging blockchain technology to facilitate seamless asset exchange. Using Web 3.0 protocols, Persistence aims to enable and create a suite of bleeding edge financial products in niches ranging from staking-as-a-service and tokenized ‘real-world’ debt to digital art.
XPRT Token
The XPRT token is primarily a governance token for the Persistence chain. Once the Persistence mainnet is launched, token holders will be able to stake XPRT tokens to passively earn more XPRT. XPRT token also plays the role of a ‘work token’, allowing the stakers to produce cash flows in correlation with the transaction volume generated by dApps in the Persistence ecosystem.
Work Token
Stakers of XPRT benefit from the economic activity taking place within the Persistence ecosystem (Economic activity of Persistence dApps or pApps). Persistence has revenue sharing / transaction volume based fee agreements with all the dApps within its ecosystem. Increased activity on these dApps (pApps) leads to more rewards in the form of staking rewards for stakers and additional incentives for validators. This leads to value accrual for XPRT.
Why Stake XPRT?
XPRT is a deflationary token with a genesis supply of 100,000,000 XPRT and a maximum supply of 403,308,352 XPRT. The initial inflation for XPRT will range from 25-45% with the target inflation of 35% being achieved at 66.7% of the total XPRT supply staked on the Persistence chain.
Inflation halving happens every two years and the maximum supply cap is expected to be reached by the year 2035. Stakers of XPRT will be able to earn approximately 35% staking rewards for the first two years.
Token Distribution
Validators / Strategic Round Sale: 10,000,000 XPRT, 10.0% of the the Total Supply at Genesis at genesis, $0.1 per token
Seed Round Sale: 8,000,000 XPRT, 8.0% of the Total Supply at Genesis, $0.15 per token
Private Round Sale: 6,000,000 XPRT, 6.0% of the Total Supply at Genesis, $0.25 per token
Public Round Sale (Auction): 1,000,000 XPRT, 1.0% of the Total Supply at Genesis
Team: 16,000,000 XPRT, 16.0% of the Total Supply at Genesis
Advisors: 4,000,000 XPRT, 4.0% of the Total Supply at Genesis
Ecosystem: 19,400,000 XPRT, 19.40% of the Total Supply at Genesis
Marketing / Growth: 25,600,000 XPRT, 25.6% of the Total Supply at Genesis
Validator Incentivization: Validator Incentivization: 10,000,000 XPRT, 10.0% of the Total Supply at Genesis
Detail Information:
WEBSITE: https://persistence.one/
TELEGRAM: https://t.me/PersistenceOneChat
TWITTER: https://twitter.com/PersistenceOne
YOUTUBE: https://www.youtube.com/channel/UC5wqI1ZRdkCjWWVOCQdhx
Persistence is an interoperable protocol built to facilitate the creation of next-gen financial products. The Persistence tech stack provides the infrastructure to effectively bridge the realms of DeFi and traditional finance in a variety of areas, whilst also enabling the creation of innovative crypto-facing solutions to expand the DeFi and NFT sectors.
Why Persistence
Persistence is a protocol powering institutional open finance by facilitating the borrowing of cryptoassets (stablecoins) using real-world assets, such as invoices, as collateral. This bridges DeFi and traditional finance and uses the features of DeFi to solve real-world financing problems.
Persistence was started with the thesis of using Public Blockchain Technology and features of Decentralised & Open Finance (DeFi/OpFi) to solve inefficiencies in cross border payments and business financing. As a byproduct of solving these problems, Persistence aims to enable fundamentally new capital to enter the cryptocurrency industry.
Persistence bridges DeFi and Traditional finance by facilitating borrowing of Crypto Assets (stablecoins) using real-world assets (invoices to begin with) as collateral.
Persistence facilitates seamless exchange of value to increase the speed and efficiency of real-world Trade, Payments and Business financing
Persistence is a protocol powering institutional open finance by facilitating the borrowing of cryptoassets (stablecoins) using real-world assets, such as invoices, as collateral. This bridges DeFi and traditional finance and uses the features of DeFi to solve real-world financing problems.
XPRT will carry a variety of use cases within the Persistence ecosystem, including participating in staking to contribute to network security, and community governance of the Persistence mainchain.
As a ‘work’ token, XPRT will also accrue value in direct correlation to increased financial activity within Persistence’s ecosystem dApps. An example of which is Comdex, an institutional-facing commodities trading and trade financing platform, which has already handled over $41M in transaction volume since its launch.
Mission & Vision
The Internet disintermediated the Media & Communications industry. Using HTTP, SMTP and TCP/IP as the foundational layers, the cost of information exchange was significantly lowered.
Persistence is leveraging blockchain technology to facilitate seamless asset exchange. Using Web 3.0 protocols, Persistence aims to enable and create a suite of bleeding edge financial products in niches ranging from staking-as-a-service and tokenized ‘real-world’ debt to digital art.
XPRT Token
The XPRT token is primarily a governance token for the Persistence chain. Once the Persistence mainnet is launched, token holders will be able to stake XPRT tokens to passively earn more XPRT. XPRT token also plays the role of a ‘work token’, allowing the stakers to produce cash flows in correlation with the transaction volume generated by dApps in the Persistence ecosystem.
Work Token
Stakers of XPRT benefit from the economic activity taking place within the Persistence ecosystem (Economic activity of Persistence dApps or pApps). Persistence has revenue sharing / transaction volume based fee agreements with all the dApps within its ecosystem. Increased activity on these dApps (pApps) leads to more rewards in the form of staking rewards for stakers and additional incentives for validators. This leads to value accrual for XPRT.
Why Stake XPRT?
XPRT is a deflationary token with a genesis supply of 100,000,000 XPRT and a maximum supply of 403,308,352 XPRT. The initial inflation for XPRT will range from 25-45% with the target inflation of 35% being achieved at 66.7% of the total XPRT supply staked on the Persistence chain.
Inflation halving happens every two years and the maximum supply cap is expected to be reached by the year 2035. Stakers of XPRT will be able to earn approximately 35% staking rewards for the first two years.
Token Distribution
Validators / Strategic Round Sale: 10,000,000 XPRT, 10.0% of the the Total Supply at Genesis at genesis, $0.1 per token
Seed Round Sale: 8,000,000 XPRT, 8.0% of the Total Supply at Genesis, $0.15 per token
Private Round Sale: 6,000,000 XPRT, 6.0% of the Total Supply at Genesis, $0.25 per token
Public Round Sale (Auction): 1,000,000 XPRT, 1.0% of the Total Supply at Genesis
Team: 16,000,000 XPRT, 16.0% of the Total Supply at Genesis
Advisors: 4,000,000 XPRT, 4.0% of the Total Supply at Genesis
Ecosystem: 19,400,000 XPRT, 19.40% of the Total Supply at Genesis
Marketing / Growth: 25,600,000 XPRT, 25.6% of the Total Supply at Genesis
Validator Incentivization: Validator Incentivization: 10,000,000 XPRT, 10.0% of the Total Supply at Genesis
Tokenomic
A total of 100,000 of Persistence’s XPRT tokens (worth $25,000 at the most recent valuation), will be allocated for distribution to KAVA stakers during the campaign. Every KAVA staker will be eligible to earn up to 5,000 XPRT tokens, simply by staking on the Kava network.
A total of 100,000 of Persistence’s XPRT tokens (worth $25,000 at the most recent valuation), will be allocated for distribution to KAVA stakers during the campaign. Every KAVA staker will be eligible to earn up to 5,000 XPRT tokens, simply by staking on the Kava network.
Key Details:
Total rewards: 100,000 XPRT ($25,000 based on the latest valuation)
Campaign duration: 21 days
Start date and time: 26th November 2020, 12:00 AM PST (Block Height: 453,621)
End date and time: 16th December 2020, 11:59 PM PST (Block Height: 672,440)
Magic Transaction start date and time: 23rd November 2020, 12:00 AM PST (Block Height: 422,360)
Network Rewards Pool: 80,000 XPRT
AUDIT.one Rewards Pool: 20,000 XPRT
Total rewards: 100,000 XPRT ($25,000 based on the latest valuation)
Campaign duration: 21 days
Start date and time: 26th November 2020, 12:00 AM PST (Block Height: 453,621)
End date and time: 16th December 2020, 11:59 PM PST (Block Height: 672,440)
Magic Transaction start date and time: 23rd November 2020, 12:00 AM PST (Block Height: 422,360)
Network Rewards Pool: 80,000 XPRT
AUDIT.one Rewards Pool: 20,000 XPRT
WEBSITE: https://persistence.one/
TELEGRAM: https://t.me/PersistenceOneChat
TWITTER: https://twitter.com/PersistenceOne
YOUTUBE: https://www.youtube.com/channel/UC5wqI1ZRdkCjWWVOCQdhx
Author : faujan.nawawi
USDT wallet address : 0x7fc3EAFbEff23615301026b23722294c3fFfDB43
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