What is Persistence?
The Persistence token, or XPRT, is a deflationary token native to the Persistence ecosystem. The latter is a Tendermint-based Layer 1 solution that functions as a liquid staking hub.
XPRT has several use cases. Firstly, it serves as a governance token. This means Persistence token holders hold voting rights, which can be used to vote on proposals that have the power to shift the entire Persistence crypto project.
Secondly, it’s a core component of securing the network via staking. XPRT holders who stake their tokens earn crypto rewards.
Lastly, the Persistence coin is used to cover the transaction fees.
There is a total supply of 403,308,352 Persistence tokens. No public XPRT token allocation is available.
It has an inflation rate set between 25% to 45%. This inflation rate is halved every 2 years.
As a cryptocurrency, Persistence is volatile. Our tool above will help you to keep up with the XPRT price changes.
What are the Main Features of Persistence?
As discussed in the What is Persistence section, Persistence is based on a Tendermint mechanism. In other words, the network operates using a Delegated-Proof-of-Stake (DPoS) consensus mechanism that’s powered by a BFT consensus engine called Tendermint.
There is a wide range of unique Web3 products and services available in the Persistence ecosystem, including:
- Comdex, which is a decentralized finance layer that enables the creation of dApps;
- pSTAKE, which is a decentralized platform that enables liquid staking. This means that users who stake on this platform receive stkASSETs that allow them to maintain liquidity;
- Asset Mantle, which is a suite of tools needed to build NFT marketplaces. In essence, Asset Mantle is an NFT marketplace framework that supports various forms of NFTs, including 1/1 artworks, generative art, and tickets;
- AUDIT.one, which serves as a source of passive income by facilitating non-custodial staking on over 26 networks. It claims to provide returns of up to 140%.
These products and services are aimed at stimulating global liquidity.
One of the main goals of this project is to provide all of the necessary tools needed for the seamless exchange of value.
Who Developed Persistence?
The Persistence crypto project was launched in 2019. Persistence is a Singapore-based company co-founded by Tushar Aggarwal and Deepanshu Tripathi.
The team behind Persistence consists of over 25 members who come from diverse professional backgrounds.
Tushar Aggarwal is the CEO of Persistence and has been in the blockchain industry since 2018. He holds a Bachelor’s degree in Business Administration from Nanyang Technological University. After graduating, he worked in the financial industry at PricewaterhouseCoopers and Sia Partners. One of his first contributions to the blockchain industry was at YourStory Media and Tech in Asia, where Tushar worked as a contributing writer.
Deepanshu Tripathi went to the Vellore Institute of Technology, where he earned his bachelor’s degree in computer science. After finishing his studies, Deepanshu worked as an engineer at Mahindra Comviva and later moved up to Principal Software Architect.
Besides Persistence, Deepanshu also founded another blockchain-based project - AssetMantle.
Before making any purchase decision, you can have a look at the XPRT price history, or the current Persistence price, on the graph above.
