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Persistence logo
WebsiteAscendex Launchpad

Persistence (XPRT)

IEO

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.

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Overview

Project industryFinance Services & Banking
Product typeTechnology
FoundedSingapore

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

    1
    Q2 2019
  • Persistence One Established
  • Comdex Onboarded
  • Cross-border Transaction PoC Completed
  • 2
    Q3 2019
  • MVP of Persistence SDK
  • Comdex Testnet Launched
  • First Set of Validators Onboarded
  • 3
    Q4 2019
  • Comdex Completes $10 Millon in Trade Volume
  • Team Expansion
  • Cosmos India Launched
  • 4
    Q1 2020
  • Persistence Comes Out of Stealth
  • Validator Set Expansion
  • Raised Funds from Validator/Strategic Investors
  • 5
    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)
  • 6
    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
  • 7
    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
  • 8
    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
  • 9
    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
  • 10
    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
  • 11
    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
    Tushar Aggarwal
    CEO and Co-founder
    Tushar Aggarwal linkedin
    Deepanshu Tripathi
    Deepanshu Tripathi
    CTO and Co-founder
    Deepanshu Tripathi linkedin
    Abhinav Kumar
    Abhinav Kumar
    Software Developer
    Abhinav Kumar linkedin
    Prashant Kumar
    Prashant Kumar
    Software Developer
    Prashant Kumar linkedin
    Puneet Mahajan
    Puneet Mahajan
    Software Developer
    Puneet Mahajan linkedin
    Raju Vemula
    Raju Vemula
    Front-end Developer
    Raju Vemula linkedin
    Sudheer Darla
    Sudheer Darla
    UI/UX Designer
    Abhitej Singh
    Abhitej Singh
    Strategy and Marketing
    Abhitej Singh linkedin
    Mikhil Panday
    Mikhil Panday
    Strategy and BD
    Mikhil Panday linkedin
    Lakshmikanth K
    Lakshmikanth K
    Front-end Developer
    Aditi Maheshwari
    Aditi Maheshwari
    Software Developer
    Aditi Maheshwari linkedin

    Advisors

    JASON
    JASON
    Head of Research, Spartan Capital
    JASON linkedin
    Sandeep Nailwal
    Sandeep Nailwal
    Co-founder and COO, Polygon (Matic Network)
    Sandeep Nailwal linkedin
    Jeffrey Hu
    Jeffrey Hu
    Director, Iris Network
    Jeffrey Hu twitter
    Luchang Zheng
    Luchang Zheng
    Founding Partner, Arcanum Capital
    Luchang Zheng linkedin
    Zhi Hao Loy
    Zhi Hao Loy
    Senior Associate, Dentons Rodyk
    Zhi Hao Loy linkedin
    Marcus Maute
    Marcus Maute
    Managing Partner, Tavis Digital
    Marcus Maute linkedin
    Scott Littlewood
    Scott Littlewood
    Asia Head of BD and Ops, Tezos APAC
    Scott Littlewood linkedin
    Hartej Sawney
    Hartej Sawney
    CEO and Co-founder, Zokyo
    Hartej Sawney linkedin

    Social media

    Persistence web-sitePersistence RedditPersistence MediumPersistenceYouTubePersistence TelegramPersistence LinkedInPersistence TwitterPersistence Github

    User rating:

    5/5 ( 1 )
    9

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