Persistence One XPRT

What is Persistence?

Persistence is an interoperable protocol that provides sovereign environments to facilitate the creation of next-gen financial products. Persistence is a Delegated Proof-of-Stake chain that runs on Tendermint PBFT consensus algorithm

Role of XPRT in the Persistence ecosystem

1. Staking Token: XPRT holders can stake their tokens to earn staking rewards while helping secure the Persistence Main-chain
2. Work Token: Stakers of XPRT benefit from the economic activity within the Persistence ecosystem. DApps within the Persistence ecosystem share a portion of their revenue/fee with XPRT stakers and validators
3. Chain Governance: The XPRT token secures the network through staking, is used to pay for fees, and defines the weightage of vote for governance proposals to take critical decisions regarding the evolution of the Persistence chain

Persistence operates at the confluence of DeFi, NFTs, and Proof-of-Stake and currently consists of 5 applications some of which are live and some will be going live in the year 2021 with many more applications in the pipeline 1. Comdex: Comdex is an institutional user-facing application providing an end to end commodities trading solution such as trade discovery, trade settlement and trade financing 2. pSTAKE: pSTAKE is a liquid staking application that allows stakers of prominent PoS networks to unlock liquidity of their staked assets and use these assets in DeFi while earning staking rewards 3. Asset Mantle: Asset Mantle is a framework for NFT marketplaces. As a framework, Asset Mantle will provide all of the elements required to create individual marketplaces 4. pLend: pLEND is a debt financing stablecoin platform backed by real-world assets such as invoices. It will allow stablecoin holders to seamlessly participate in the $7T+ global trade financing industry 5. AUDIT.one is the validator arm of Persistence.one which provides top-tier validation services for leading PoS networks

How Many XPRT Coins are in circulation

The Persistence Core-1 Mainnet launched on 30th March, 2021 with a 100,00,000 XPRT genesis supply. 9.1% of the genesis supply (9,100,000 XPRT) is in circulation as of the launch of XPRT. XPRT supply is capped to a maximum of 403,308,352 XPRT and will come into supply over the next 15 years. To bootstrap the ecosystem, XPRT stakers will receive approximately 35% staking rewards in the first two years (Inflation halves every 2 year).

Who are the founders?

Persistence was established in Q2 2019 by Tushar Aggarwal (CEO) and Deepanshu Tripathi (CTO). Prior to founding Persistence, Tushar was the first employee at LuneX Ventures (crypto arm of a traditional Singapore VC- Golden Gate Ventures) and helped set up the fund which was the first regulated Crypto VC fund in Southeast Asia. Deepanshu was part of a three person team that created a unified payment acceptance platform which was whitelabeled to Reliance (investors include Facebook, etc) and eventually sold to an African fintech company for $9,000,000. Persistence is currently a 25 member team which includes developers from IIT-Bombay (the most premiere tech institute in India) and other top technology institutions of India.

Where can I buy XPRT?

XPRT will be listed on AscendEX (formerly BitMax) on 1st April, 2021 and can be bought against USDT with more exchanges lined up to support XPRT shortly after.