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  • XPRT Persistence

    $0.119

    1.08%

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    Frequently Asked Questions

    • Use Cases of Persistence

      Persistence is a multi-asset protocol that serves several key purposes in the DeFi landscape:

      • Liquid Staking: Persistence focuses on liquid staking (pSTAKE), which allows users to stake their tokens while still being able to use them in various DeFi applications. This addresses the traditional trade-off between staking for network security and using tokens in DeFi.
      • NFTs and Commodities: The platform also supports NFTs (Asset Mantle) and commodities (Comdex), enhancing the utility and liquidity of these assets within the DeFi ecosystem.
      • Decentralized Exchange and Lending/Borrowing: Persistence includes a decentralized exchange and lending/borrowing platforms, facilitating seamless value exchange and liquidity across different assets.
      • Interoperability: The project aims to simplify the fragmented crypto ecosystem by enabling interoperability and composability between different networks and applications, such as through cross-chain bridges and multichain support systems.
      • Asset Management and Yield Farming: Persistence offers solutions for asset management and yield farming, including products like Superfluid LP for stkXPRT, enhancing the functionality of different markets.
      • BTC and LST Integration: The platform integrates Bitcoin and liquid staking tokens (LSTs) into its ecosystem, providing a one-stop interoperability solution for trading and swapping various BTC variants cross-chain.
      Last Updated: 12/16/2024 02:05 UTC
    • Pros of Persistence

      • Liquidity and Utility: Persistence enhances the liquidity and utility of staked assets, allowing them to be used in DeFi applications while earning staking rewards. This addresses the traditional trade-off between staking for network security and using tokens in DeFi.
      • Capital Efficiency: By maximizing yields through both staking and DeFi participation, Persistence promotes greater capital efficiency. This reduces the reliance on high inflation rates, common in Cosmos chains, as the need for incentivization through inflation diminishes.
      • Decentralization and Security: Persistence employs a Decentralized Validator Strategy, ensuring fair distribution across numerous validators. This reinforces the decentralization and resilience of the Persistence Core-1 chain, enhancing network security and building community trust.
      • Interoperability: Persistence aims to simplify the fragmented crypto ecosystem by facilitating interoperability and composability between different networks and applications.
      • Community Governance: The XPRT token empowers the Persistence community to govern its own destiny, ensuring that the project remains responsive to the evolving needs of its stakeholders.

      Cons of Persistence

      • Complexity: The liquid staking ecosystem can be complex for new users, requiring a good understanding of DeFi and staking mechanisms.
      • Dependence on DeFi Adoption: The success of Persistence depends on the widespread adoption of liquid staking tokens (LSTs) in DeFi applications, which may take time to materialize.
      • Integration Challenges: Integrating with various PoS chains and DeFi platforms can be challenging and may require significant development efforts.
      • Market Competition: Persistence operates in a competitive market with other liquid staking solutions, which may impact its market share and adoption.
      • Regulatory Uncertainty: The regulatory environment for DeFi and staking is still evolving, which may pose risks to the Persistence ecosystem.
      Last Updated: 12/16/2024 02:06 UTC
    • Founders of Persistence

      The founders of Persistence include:

      • Tushar Aggarwal: Founder and CEO.
      • Jeroen Develter: Chief Operating Officer.
      • Zhi Hao Loy: Chief Legal Officer.
      • Pranjal Paliwal: Engineering.
      Last Updated: 12/16/2024 02:06 UTC
    • Investors in Persistence

      Persistence is backed by several notable investors, including:

      • Arrington Capital: A venture capital firm focused on blockchain and cryptocurrency investments.
      • Woodstock Fund: An investment firm specializing in blockchain and digital assets.
      • Incrypt: A blockchain-focused investment firm.
      • Moonrock Capital: A venture capital firm investing in blockchain and cryptocurrency projects.
      • AU21 Capital: A blockchain-focused investment firm.
      • NGC Ventures: A venture capital firm investing in blockchain and cryptocurrency projects.
      • IOSG Ventures: A venture capital firm focused on blockchain and digital assets.
      • Coinbase Ventures: A venture capital arm of Coinbase, investing in blockchain and cryptocurrency projects.
      • Morningstar Ventures: A venture capital firm investing in blockchain and digital assets.
      • Spark Digital Capital: A venture capital firm focused on blockchain and digital assets.
      • ZBS CAPITAL: A venture capital firm investing in blockchain and cryptocurrency projects.
      • CSP DAO: A decentralized autonomous organization (DAO) investing in blockchain projects.
      Last Updated: 12/16/2024 02:06 UTC
    • Halal Status of Cryptocurrencies

      • Persistence: Yes, Persistence is considered halal by many Islamic scholars.
        • Reason: Persistence, like other cryptocurrencies, is viewed as a form of wealth (māl) that can be possessed and stored, and it has commercial value. It operates outside conventional banking systems and interest-based transactions, aligning with Islamic finance principles.

      Key Considerations for Halal Cryptocurrencies

      • Māl (Wealth): Cryptocurrencies are considered māl if they have inherent value, serve a real-world purpose, and avoid association with illegal activities or excessive risk.
      • Islamic Finance Principles: Cryptocurrencies must adhere to principles such as prohibition against riba (usury or interest), gharar (excessive uncertainty), and maysir (gambling).
      • Scholarly Views: Many Islamic scholars argue that cryptocurrencies like Bitcoin and Ethereum are halal due to their widespread use and potential to preserve value without involving riba.

      Islamic Finance and Cryptocurrency

      • Shariah Compliance: Cryptocurrencies are assessed for their alignment with Islamic values, focusing on their potential to contribute positively to society and uphold ethical standards.
      • Contractual Relationships: Smart contracts using blockchain technology can ensure secure and automated processes, reducing administrative complexities and errors.
      • Legitimacy: Cryptocurrency agencies in the Muslim world, such as One Gram and Hello Gold, add legitimacy to the rulings that cryptocurrency is halal.
      Last Updated: 12/16/2024 02:06 UTC

    Description

    #1053

    XPRT is the native token of Persistence, a blockchain platform that enables the creation and exchange of digital assets across multiple sectors and use cases.

    Sector:
    Blockchain:

    Market Data

    Rank: 1053
    Volume: 280K
    Marketcap: 26M
    Fully Diluted Value: 48M
    Circulating Supply: 54%
    47K 4.7K/8.6K
    14K 10K/15K
    6.8K 477/476
    182 96/96