We are pleased to announce our next AMA on October 15th 2020 at 02:00 PM UTC Time: Satoshi Club x Persistence
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Persistence Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 4 Questions will be selected from our website – please submit your questions in the comments section of this post. 2 Question will be selected from
Part 2: 100$/10 users – Open chat for 80 seconds. You can post Max 5 questions. Persistence Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Persistence
For more details:
Persistence – @PersistenceOneChat
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Can you tell us what kind of real world assets can be tokenized?
One common problem related to NFTs is their monetary evaluation. How will you manage to assess the actual price and its price evolution in time against any stable coin or crypto asset?
Can you tell us more on how governance will be regulated on the Persistence platform and which parameters can/will be influenced by governance decision?
PERSISTENCE?
I was intrigued when I saw the name of your project “persistence”.Wow,that sounds sexy.my question is this..Can you live up to this name “persistence”,{because I see the project is all about borrowing cryto assets using real world assets as collateral).How do you plan to do achieve this motto “persistence” considering the fact that real world assets is involved
One of your platform’s functions is tokenize real-world assets using NFTs to bring them on-chain into the DeFi ecosystem. What assets do you think are the most suitable for tokenization?
Your site has a list of top validators for your ecosystem. Is your cooperation with all validators formalized by concluded contracts? If so, is it possible to get acquainted with these documents?
The website reports that DApp Comdex, an institutional-facing commodities trading and trade financing platform, already handled over $ 39M in transaction volume since its launch. When was this DApp launched? What are your forecasts for the total volume of transactions for this year?
How to determine the technical readiness of corrosion inhibitors?
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. So what features Persistence do to achieve this?
Defi is amazing….as a concept. and it’s also amazing from the amount of hype and farming yields it generated. Do you think “use of only Cryptoassets as collateral” and “lack of infrastructure around holding Cryptoassets” is hindering adoption of DeFi?
As I know Persistence was created keeping in mind the very specific requirements of Institutional Open Finance. So can you tell me some of the core issues that Persistence addresses facilitating institutional adoption?
What is persistence?
How can it be understood in simple form and what will be the provisions made by you to motivate people in the coming time?
What is persistence? And how Asset Tokenization, Asset Exchange and Liquidity Aggregation working in this project?
How can we also be a part of this project and work with you and what qualification should we have to do that work?
Will you make this project related to doubts session like live session, privacy policy, youtube video for normal user and solution team conduct so that people can understand it easily?
Select list of top validators in our ecosystemsecure more than $700M USD worth of assets collectively and explain full Roadmap ?
As you said Defi today let the end user identity pseudonymous or use fictitious names, and Persistence on the other hand Anonymized but verifiable (Persistence whitepaper p.14).
The question is: Why do users have to do transaction on your platform that can compromised their identity when there is already existing Defi platforms that can offer the same with anonymity?
Do the kind of business an MSME (Micro, Small, and Medium Enterprises) have will greatly affect the value of loan that they can get or it will be based on the collateral that the applicants will submit regardless of what business they are into?
i’ve seen in your app that the asset type are “OBL, Deeds and Invoices”, can you explain it to the normal end user which are not familiar with the business terms. What are the other real world assets that is in your development timeline ?
The market for your product is geared towards enterprise and business users, what can you offer for the small scale investors on your platform?
Can you give some features unique to Persistence One that places it ahead of its competitors? What in your opinion is the competitive advantage your platform has over the competitors that you feel most confident about ?
What do you think is the biggest problem Persistence One will solve that no other project is solving now, and why is the problem important to solve?
Regarding the XPRT airdrop, what are the ratio of XPRT tokens that will be distributed for each of the eligible coins? (Atom, Kava etc)
What is the capital offer provided by Persistence for future investors to trust in this curious project?
Appreciating Persistence and how it has started (DeFi / OpFi) to solve corporate financial minorities, I finally want to know what is the goal that they have set for new capital to dive into cryptocurrencies?
How has the Persistence platform been supported to allow the loan of Stablecoins?
– How does the Persistence Asset Exchange work? How can I trade real-world assets? Do you mean stocks? Or literally physical products?
– What is the importance of Persistence Validators? Is it still possible to be a validator?
– How does Persistence ensure that a NFT really has the value of a real-world asset? Can anyone create their NFT? Or will they only be distributed by the Persistence core team?
Will we have mobile applications on the main platforms? (Android and Apple App Store)
Your project has an excellent focus, however my question is: Do you consider the future of the economy to be a combination of traditional finance and DeFi, or will this just be a process of transition to a fully crypto-decentralized economy?
Its integration with Western Union seems simply excellent! What other similar services do you hope to integrate into Persistence?
How does Persistence rate the importance of the user community? What was Persistence’s plan to build the user community?
Security is really important and valued by users. Would you mention Persistence security measures? What is special for your security? Are you audited
How is calculated the price of the real world assets used aa collaterals in loans on the Persistence’s ecosystem? What data is used to get the price?
Persistence facilitates borrowing cryptoassets using real-world assets as collateral. How are those assets brought to the platform, is their bslue fully backed by the commodity somewhere?
Persistence bridges DeFi and traditional finance, this is a goal that many projects are trrying to reach, which ones do you think would be using an approach similar to Persistence, and what is outstanding in it?
Persistence? Why did you choose that as a name? Persisting on DeFi?
I watched a map on your website with activity sites of Persistence, and according to that there is none in Africa and South America. As continents with predominantly developing economies, solutions like Persistance would be useful to citizens to store their money, saving and increasing value. How do you intend to reach that market?
With Persistence we can Tokenize real-world assets using NFTs to bring them on-chain into the DeFi ecosystem. How is the supply and value of the NFT determined, can users trust them as having the actual asset?
What major challenges of the industry do Comdex deal with? What kind of solutions does it provide? And on which parts of Comdex is Persistence used?
XPRT token is not promoted on your online resources as much as other projects. Isn’t the token important for you that much, or is it early for focusing on it?
Congrats on being awarded by ICF. Can you tell us which part of Persistence environment was awarded for what success?
how Persistence Protocol empowers Institutional Open Finance and how you solve inefficiencies in cross border payments and business financing ?
can you tell how Securitization of Debt or (Pooling of debt) work and hoe The returns on these asset pools are generated ?
how businesses and traders can draw loans against receivables in persistence ecosystem ? what are the minimum requirements to get these loans ?
You have combined DeFi and traditional finance. What exactly did you take for yourself from each segment and how did it benefit Persistence and your users?
Have you created the Persistence Chain form scratch or does it use infrastructure of any other known chain?
NFTs are used on blockchain gaming projects very commonly. Persistence ecosystem uses it too which seems interesting to me. What is the mission of NFTs for you, and are they used on Persistence itself or used on the case studies?
What is the importance of stablecoins for you? Do you already have your own built-in stable coin, or are you planning to have one in the future?
According to the roadmap, in the second quarter of 2021, you plan to expand the set of validators. How many validators do you currently have and how many are you aiming to achieve in 2021? Will this be the final figure or are you planning to increase the number of vadidators in the future?
What is the Comdex dApp?
can you explain briefly
I was curious because I saw on Medium
Can provide the names of some of the investors who are part of the ecosystem partners ?
GoZ Update
How many times have GoZ updated,
what was the last update and what will be updated again ?
Top Persistence validators in your ecosystem secure more than $700M USD worth of assets collectively. So can you explain how did validator do this? Does your validator also gain from what they secure? What are the terms and conditions between the validator and the platform?
Persistence partnered with Cosmos Network to launch Hackathom India. Why do you choose to focus India? Beside India, what other Asian countries are you going to introduce Persistence One advocate?
One of the Persistence traders in Comdex are institutional traders. So can you tell us who are those institutional traders? What is the biggest contribution of institutional traders in your platform? As institutional traders, do they have a VIP treatment in your platform?
What is the symbiotic relationship of COSMOS and PERSISTENCE in blockchain industry?
Persistence is a strong advocate of interoperability and the Indian blockchain ecosystem, does this means that you are only focused to Indian communities? Why not Global blockchain ecosystem?
While preparing for the launch of your $XRPT token sale, you introduced Persistence Stakedrop for the community? What is the process of this campaign and why do a Stakedrop? What do you want to achieve?
“The Persistence SDK has been built in a modular way to support the trading and financing of assets covering the end-to-end trader journey”, can you explain more about the SDK and how it covers the entire spectrum on the trader’s activity ?
You started out Under the Name “Commit Network” what are the circumstances that led to the name Change to “persistence” and looking back what can you say we’re the improvements of “persistence” over the then “Commit Network
COMDex which is a comodity trading platform was built on Persistence what commodities can be traded on COMDEX can real physical assets be traded there in form of Tokens explain the process. And How will RFT’s Representing real-world fiats Be issued on COMDEX
Is Persistence still relying on its relationship with large Financial Institutions to settle trades on the various trading platforms it powers via the SWIFT ecosystem (which takes 2–3 business days to clear). Or do you have already have strategies in place that will ensure trades are settled on time
If you use real world assets as collateral, are they at any risk of loss? How does that work?
Persistence in English means persistence. Where did this name come from, what prompted you to call yourself that, and did you think that your name will change in the process of development?
What is Persistence StakeDrop where 1,000,000 XPRT tokens up for grabs and how to be a part of it?
You are claiming that Comdex is a physical commodity trade tech platform that is currently operating on its own Persistence SDK based zone, powered by the decentralized governance of industry leading validators. Is Comdex regulated high seas Blockchain transactions by maritime law?
Your mission to bring real-world assets to DeFi has also captivated many other crypto projects but none have been successful yet. What is your understanding of people demand of your mission and which countries or areas will mostly benefit from it?
Your Roadmap indicates of potential Testnet and Mainnet in Q1 2021 and Q2 2021 respectively. Despite this, you have raised a large sum of $3.7M from industry heavyweights. How did the idea of bridging traditional finance and DeFi via NFTs convince such reputed investors and how will you convert this idea into reality?
Based on the information from your website, you plan to triple the volume, more precisely $ 200+ million. What should lead to this growth? ETF? Launch of the network? Anything else?
Why does StakeDrop not work with the ETH network, because your token is erc20? Whose blockchain will you use to launch your own network?
1)What are your plans for Non-Fungible Tokens (NFTs)?
2)What does the Persistence technology stack include?
3)Which algorithm is supported by the Persistence main-chain?
TG:@waybesuricata