Persistence (XPRT)

IEO

Last updated: May 17, 2023

Persistence is a Protocol powering Institutional Open Finance. Persistence bridges DeFi and Traditional Finance by facilitating borrowing of Cryptoassets using Real-world assets as collateral.

IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice.

Overview

Project industry	Finance Services & Banking
Product type	Technology
Founded	Singapore
Whitepaper	Open

What is Persistence

The Persistence mission is to facilitate seamless exchange of value around the world to increase the speed and efficiency of cross-border trade and financing to close the 1.6 Trillion financing gap.

Persistence provides a platform to power Debt Marketplaces that match entities with surplus capital (lenders) to entities that require capital (borrowers).

To achieve this, Persistence leverages few key features of the Blockchain / Cryptocurrency ecosystem:

Movement of capital - in a trustless, borderless, instant and round-the-clock manner

Asset tokenization - tokenizing ‘Real-world’ Assets such as invoices, letters of credit, bills of lading (representing goods on a ship) using Non-Fungible Tokens (NFTs).

Decentralised Exchange – to facilitate easy trading and exchange of ‘Real-world’ assets against cryptoassets (Stablecoins)

Debt marketplaces – allowing for use of cryptoassets and Real-world assets as collateral to borrow/lend against

Once a real-world asset has been tokenized into an NFT, it is free to be traded or used as collateral to finance business needs in a quick, easy and global manner.

The need for a solution like Persistence has never been clearer. A sizable and increasing amount of institutional capital and emerging Stablecoins are looking to generate yield. There is an ever increasing need for MSMEs traders and businesses to access financing. Persistence matches the two.

Persistence enables more efficient global capital allocation.

Details

IEO (Ascendex Launchpad): Mar 31, 2021 - Mar 31, 2021
Token supply: 1,000,000 XPRT

Legal

Country limitations: AFGHANISTAN, ALGERIA, BANGLADESH, BELARUS, BOLIVIA, BURUNDI, CENTRAL AFRICAN REPUBLIC, CUBA, ETHIOPIA, ECUADOR, GUINEA-BISSAU, IRAN, IRAQ, LEBANON, LIBYA, MALAYSIA, MYANMAR, NEPAL, NORTH KOREA, PAKISTAN, SERBIA, SINGAPORE, SOMALIA, SOUTH SUDAN, SUDAN, SRI LANKA, TRINIDAD, TOBAGO, TUNISIA, UKRAINE, UGANDA, VENEZUELA, YEMEN, ZIMBABWE
Registration year: 2019

Token info

Ticker: XPRT
Type: Utility-token
Token standard: ERC20
Token price in USD: 1 XPRT = 0.45 USD
Accepted currencies: USDT, BTMX
Token distribution:
Validators / Strategic Round Sale - 10.0%
Seed Round Sale - 8.0%
Private Round Sale - 6.0%
Public Round Sale (Auction) - 1.0%
Team - 16%
Advisors - 4%
Ecosystem - 19.40%
Marketing / Growth - 25.6%
Validator Incentivization - 10.0%

Persistence Roadmap

Q2 2019

Persistence One Established

Comdex Onboarded

Cross-border Transaction PoC Completed

Q3 2019

MVP of Persistence SDK

Comdex Testnet Launched

First Set of Validators Onboarded

Q4 2019

Comdex Completes $10 Millon in Trade Volume

Team Expansion

Cosmos India Launched

Q1 2020

Persistence Comes Out of Stealth

Validator Set Expansion

Raised Funds from Validator/Strategic Investors

Q2 2020

SDK Release v1.0

Comdex Completes $30 Million in Trade Volume

PoS Validator arm of Persistence, AUDIT.one launched

First Set of Advisors onboarded

Partnership with Terra established

Tendermint delegated 595K ATOMs to AUDIT.one(The largest delegation by Tendermint to any validator)

Q3 2020

SDK Open-sourced

Protocol Paper Released v1

Closed $3.7 Million in Private Fundraise

Partnership with Matic

Comdex Incentivised Testnet Launch

Partnership with Matic established

Q4 2020

Hosted HackAtom India

Partnership with Razor Network established

NFT Module Spec Implementation with multiple Chains

CosmWasm Integration

Launched StakeDrop Campaign for 7 Networks; Fist being Cosmos StakeDrop

Team expansion to 20+ Members

Comdex Incentivised Testnet Launch

Launched XPRT StakeDrop with Cosmos Network

30M ATOMs ($600M+ at current price) staked to participate in Persistence's StakeDrop with more than 1000+ participants

Launched Terra and Kava StakeDrop campaigns and attracted ~$200M worth of assets with more than 1000+ participants

Established partnerships with Cosmostation Wallet, Trust Wallet and Citadel Wallet

Q1 2021

Launched Matic StakeDrop Campaign

Published Technical Specifications for interNFT

Launched Matic StakeDrop Campaign with 220M MATIC staked and 500+ participants

AUDIT.one crosses $100M AUD

Protocol Paper Release v2

Persistence Joins Celo Alliance

pStake Development

Persistence's Cosmos ETH Bridge Live (pBridge)

Token Contract Audit

pStake (Liquid Staking Application) MVP development

Persistence Wallet Launch

Public Sale

Launch of Persistence's Staking platform

Wallet and Block Explorer Integrations

Initial set of exchange listings

Q2 2021

Persistence Incentivized Testnet Launch

Validator Set expansion

interNFT implementation v1.0

pStake Application Launch

Expansion of Exchange listings

AUDIT.one ETH2 staking platform launch

Asset Mantle NFT Marketplace application MVP to be launched

SDK release v2.0

Validator Set Expansion

Extend Partnerships with other projects

Q3 2021

Asset Mantle (NFT Marketplace) to be launched

Wallet and Block explorer integrations

Integration with other Protocols and Chains through Interchain Communication Protocols

Additional SDK Modules Development

pLend MVP to be launched

Expansion of Wallet Integrations and Block explorers

Persistence Mainnet Launch

Comdex Mainnet Launch

AUDIT.one Staking interface to be launched

Q4 2021 & Q1 2022

pLend to be Launched

Expansion of Wallet Integrations and Block Explorers

Expansion of Exchange listings

SDK release v3

pStake v2 to be Launched

Project team

Tushar Aggarwal

CEO and Co-founder

Deepanshu Tripathi

CTO and Co-founder

Abhinav Kumar

Software Developer

Prashant Kumar

Software Developer

Puneet Mahajan

Software Developer

Raju Vemula

Front-end Developer

Sudheer Darla

UI/UX Designer

Abhitej Singh

Strategy and Marketing

Mikhil Panday

Strategy and BD

Lakshmikanth K

Front-end Developer

Aditi Maheshwari

Software Developer

Advisors

JASON

Head of Research, Spartan Capital

Sandeep Nailwal

Co-founder and COO, Polygon (Matic Network)

Jeffrey Hu

Director, Iris Network

Luchang Zheng

Founding Partner, Arcanum Capital

Zhi Hao Loy

Senior Associate, Dentons Rodyk

Marcus Maute

Managing Partner, Tavis Digital

Scott Littlewood

Asia Head of BD and Ops, Tezos APAC

Hartej Sawney

CEO and Co-founder, Zokyo

Social media

2 Responses

paulflJune 4, 2022 at 10:11 pm

Where can I go to get advice? I received over 1800 $PSTAKE tokens and I never could figure out how to store them. Now I can’t find them. What do people do when you run into problems like this?

Aditya VandkarJuly 11, 2022 at 1:38 pm
You should visit the pStake Finance Community Chat to clarify your doubt here – https://t.me/pstakefinancechat

Persistence (XPRT)

Overview

What is Persistence

Details

Legal

Token info

Persistence Roadmap

Project team

Advisors

Social media

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