Persistence is a Tendermint-based Layer-1 network specially designed to support DeFi applications and unlock the liquidity of staked digital assets. Powered by blockchain technology, the Persistence ecosystem applications power staking and the DeFi market by offering liquid staking and supporting native assets of PoS projects.

The Persistence Core-1 chain aims to power an entire DeFi ecosystem by creating innovative use cases and driving the adoption of decentralized finance. The project focuses on DeFi applications beyond existing DeFi primitives in the market that can effectively bridge the gap between traditional finance and DeFi.

pSTAKE, Persistences very own liquid staking protocol, lets users stake PoS tokens without locking up liquidity. The platform supports ETH, BNB, ATOM, SOL, and AVAX liquid staking.

XPRT is the native token of the Persistence ecosystem. It is required for bootstrapping applications, driving network adoption, and securing its infrastructure via staking. XPRT can also be staked to participate in the decentralized governance process of the Persistence network.

Persistence leverages a three-pronged approach to increase the adoption of the Persistence Core-1 chain among developers and their DeFi applications:

Modular Approach

Developers can build application modules directly on the Persistence Core-1 chain via plug-and-play interfaces. The natively interoperable Persistence SDK can customize its apps architecture even while each module manages its subset of state.

Smart Contract Approach

Persistence Core-1 chain supports smart contract functionality via CosmWasm. This means developers can build their dApps on the network, offering high performance and convenient upgradeability.

App-chain Approach

Persistence Core-1 chain supports blockchain interoperability via the Cosmos IBC (Inter Blockchain Communication) protocol. All dApps built on the Persistence ecosystem as App-chains can conveniently operate on other IBC-enabled chains, unlocking a more extensive user base and liquidity.

Persistence was co-founded in Q2 2019 by Tushar Aggarwal and Deepanshu Tripathi, who now serve as the companys CEO and CTO, respectively. After working on the project in stealth mode, Persistence was unveiled in January 2020.

After an unsuccessful attempt at fundraising in Q1 2020 owing to Black Thursday, the team launched AUDIT.one, the validator arm of Persistence, in Q2. The project also rolled out token swap functionality between Terra and Persistence in the second quarter of 2020.

In Q3 2020, Persistence closed a fundraising round successfully, following which the Persistence Core-1 mainnet launch took place in March 2021. The Alpha testnet version of pSTAKE Finance went live in Q2 of 2021.

An expansion of the validator set resulted in the decentralization of the Persistence Core-1 chain in Q3 2021. In the next quarter, pSTAKE raised $10 million in funding from leading global investors and concluded a successful public sale via CoinList.

Liquid staking is becoming a preferred method for DeFi users to earn passive income without locking up their tokens. As more crypto investors choose to stake their tokens through Persistence and pSTAKE, the value of XPRT crypto may increase, making it a worthwhile investment to consider.

As Persistence expands to more blockchain ecosystems and introduces liquid staking programs to other networks, the token's market value could potentially rise, leading to a higher XPRT price. This development could also stimulate on-chain activity and strengthen the DeFi ecosystem.

Moreover, the price of the $XPRT token may be positively influenced by the optimistic sentiment towards cryptocurrencies and the DeFi industry. As a prominent player in the DeFi market, Persistence's innovative liquid staking services could experience a surge in demand from investors who are increasingly optimistic about the potential of digital assets and seeking opportunities to generate returns.

It is challenging to provide an accurate XPRT price prediction for any given period, but several key factors can influence the fluctuation of the Persistence token price. These factors include:

Level of Interest in Liquid Staking

The value of XPRT may rise as more users choose to participate in liquid staking of supported tokens on the platform. Increased staking activity within Persistence could drive demand for the $XPRT token, enhancing its investment appeal.

Future Partnerships and Integrations

Staking activity on Persistence may increase as additional partners incorporate the protocol's staking solutions. As the development team introduces enhancements and new features that enhance the attractiveness of staking via Persistence, the XPRT to USD price could receive further reinforcement.

Market Sentiment

A positive outlook among investors towards cryptocurrencies in general, and the DeFi market in particular, plays a crucial role in bolstering the price of Persistence crypto. However, bear market conditions or a risk-averse attitude in the global financial markets may exert downward pressure on the $XPRT price.

$XPRT serves several functions within the Persistence ecosystem:

Utility Token

XPRT is used to secure the Persistence network. As a utility token, XPRT is required to bootstrap applications, drive network adoption, and secure the core infrastructure through staking.

Staking and Governance

$XPRT holders can stake their tokens to Persistence and participate in the platform's decentralized governance mechanism. They have voting rights and can contribute to the project's future evolution.

Crypto Asset for Trading and HODLing

Trade the Persistence token against other crypto assets to profit from market conditions and volatility. You can buy or sell XPRT on the BYDFi Spot Market or hold it long-term if you believe in the long-term potential of the Persistence project. We recommend conducting your own research (DYOR) before making any trading decisions due to the highly volatile nature of digital assets.

According to the official website, 100 million XPRT tokens were minted at genesis for distribution over 42 months. The token distribution plan is as follows:

1. 25.6% of XPRT supply was allocated to marketing and growth activities.

2. 19.4% was assigned to drive the growth and development of the Persistence ecosystem.

3. 16% of tokens were allocated to the Persistence team.

4. 14% was reserved for seed and private sales.

5. 10% was set aside for incentivizing validators within the network.

6. 10% was also allocated to validators and strategic sales.

7. 4% of the XPRT supply was distributed among the project's advisors.

8. 1% went for public sale.

You can stake $XPRT on the Persistence native wallet to earn rewards and participate in the network's governance process. Here's how:

1. Download the Persistence Wallet on your desktop and set up your account. Fund your wallet with sufficient $XPRT tokens by purchasing them on BYDFi or other supported platforms and withdrawing the funds to your wallet.

2. Click on the Staking tab to view a list of available validators to delegate your XPRT tokens.

3. Click on Action and then Delegate. Enter the number of XPRT tokens you wish to stake and confirm the transaction.

4. Sit back, earn rewards, and grow your crypto holdings by staking XPRT on the Persistence Wallet.