We are pleased to announce our next AMA on March 29th 2021 at 02:30 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. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Persistence Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Persistence
For more details:
Persistence – @PersistenceOneChat
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
There are a lot of limitations with the current NFT definition by ERC721 standards that They are based towards smart contract-based definitions of NFT. These limitations make it very difficult for cross-chain implementations. So how Persistence is aiming to solve this problem?
What do Persistence aim to achieve with this grant?How will Persistence leverage Interchain standards?How will it help the Ecosystem?
The financial ecosystem proposed by Persistence is very attractive where it encourages the synergistic growth and advancement of the centralized and DEFI economy, how can Persistence do, so that the security policies of both worlds (traditional and de-centralized) do not influence the transactions ? and under what strategy can they achieve this union of both economies ?
One of the things that catches my attention but at the same time generates uncertainty and a bit of distrust, is that Persistence handles in its approaches, allowing users to work with traditional assets, that is to say centralized, that means, that Persistence and its DEFI security scheme will not be backing up all transactions ? at this moment they are detached and operate independently ?
Condex is one of your most striking products and brings great benefits, but Persistence is presented as an attractive proposition for different users among those users are the institutions, how could Condex benefit institutions ? this would help to bring them to the DEFI world ? how would be your contribution to achieve maximum performance ?
Persistence, in the quest to create a financial management protocol that guarantees the exchange of transactions that can be viable for institutional and crypto-native users, makes the idea of investment attractive, but how to ensure that its NFT guarantees a comprehensive management of different real-world assets and maintain the exponential growth of the user’s economy?
Persistence presents the NFTs that make financial investment more attractive and logical. Under that criteria, do you have a financial protocol that inspires and guides the user in managing their NFTs and is there a specific strategy for managing the PoS? Is it possible for Persistence to ensure the exponential economic growth of the user’s PoS?
XPRT Token is coming out this March 31st but will not be available for several countries in general, how can Persistence guarantee that its tokens can be used in most of the Latin American countries and thus make more participatory and exponential growth of the users’ finances that are managed in the Latin American continent?
When I went to your site, I saw this: “XPRT auction will be hosted on AscendEX (formerly BitMax) on March 31”. What kind of auction is this, who is it intended for and what assets will be presented there?
Please tell us more about the StakeDrop campaign. I saw that KAVA holders already took part in this campaign, also StakeDrop took place on the Cosmos Network for ATOM holders. Do you plan to continue running a StakeDrop campaign for users of other projects?
Your main idea is to allow users to interact with traditional and digital assets, so, regarding this point, how will you achieve and what strategy will you employ to get users in general to believe in your work model and decide to bet on this new era? Taking into account that the “traditional” idea of commerce is still very well grounded in the community, in general…
Persistence wants to make digital and real world assets, such as invoices, collectibles and art, more accessible, but, seeing the negative aspects that this could bring, the idea arises that perhaps they could be subject to theft and copying of ideas, in this sense, how do you intend to address this situation and safeguard the creativity and copyright of each piece?
One thing that caught my eye while I was looking through your twitter page, was the fact that you had to alert your users about scammers that are promoting multiple fake ERC20 sales/listings of XPRT. Can you tell us more about this and how are you handleling this problem besides from warnings on your twitter page? And speaking of this fake ERC20 versions of XPRT, will we see real ERC20 or maybe other versions coming from Persistence any time soon?
Since your token sale on AscendEX is barely a few days away, can you tell us more about your token $XPTR? I read that it’s main function is being a token governance for the Persistance Platform, but can you give us more details about how will it be useful for users that want to participate in governance decisions? Also, what other functions will $XPTR have? Will it be a work utility token?
One thing that made it into the news all around the world this weekend was your recent announcement that Zurich-based investment firm Tavis Digital, a spin-off of Tavis Capital, an asset manager regulated by the Swiss Financial Market Supervisory Authority (FINMA), has partnered with Persistence. Can you tell us more about this partnership? What are the benefits both parties will get from this? And specially how will this help you to pave the way for building that brigde between traditional financial and crypto?
I would love to learn about all your subprojects Comdex, AUDIT.one, pStake, Asset Mantle, pLend
What are their dedicated roles in the bigger Persistence picture?
Seeing that Persistence aims to revolutionize real world interactions I would love to learn about the real-world companies you think would benefit the most from using the Persistense blockchain.
With the hype around NFT just adding this word to the website guarantees influx of new people to the project. Please tell us how Persistence plans to use NFTs and what value will it bring to the end users?
The team has been busy building Persistence for the past two years. By now, there should have been some Influencers/biggest minds in crypto delving into Persistence’s value propositions and future. Can you share with us how you have been able to deal with this and what more should users expect in the nearest future?
In this era of negative interest rates, SMEs find it difficult to secure financing. How does Persistence aim to support SMEs/cross-border traders?
I tried filling out the form to get the XPRT token but am getting a response that “The form is no longer taking responses”. So how can I get the XPRT tokens? Can you share some of the utilities of the token and if held for a long term, what benefits will come with it?
On October 15, 2020, you held a nourishing housekeeper here at the @Satoshi_club group in which you laid out many important details that made a difference to other projects, what updates have you made since that date?
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 is the security of users within the Persistence Chain guaranteed and not compromised? And how secured is the Persistence platform from any kind of attacks?
The sovereign nature of chains allows customizations regarding speed versus safety. as well as addressing privacy considerations based on business requirements. What does the Persistence SDK offer in plug-and-play modules?
Asset data storage (via NFT) – NFTs, which typically have a large volume of storage, are stored in application-specific strings so as not to affect the performance of other strings. What is the habitable application chain in the persistence ecosystem? there are some ?
The application chains are connected to the main chain of persistence using Interchain communication protocols. What are the main functions that communication between persistence chains must fulfill?
The architecture allows dApps to operate in isolation without being affected by Increased transaction loads experienced by other dApps in the chain – this becomes imperative to provide a seamless end-user experience and meet user expectations institutional. Why is the main persistence chain being boosted? What is the Byzantine consensus algorithm?
The persistence platform (referring to the main persistence chain and all application chains in the persistence ecosystem) is designed to be business friendly. In the case of Persistence, do these application chains also have third-party validators?
As such, the expectation
for most application chains it is not having a token with any monetary value or being traded directly in open markets such as cryptocurrencies. Under which chain is the governance of Persistence carried out? Could you explain the decision process at the main chain level?
Through shared security, the main chain can protect application chains. Alternatively, with certainty application chains that process high value data and transactions and execute (d) PoA consensus mechanism, higher main chain validators will be incorporated to secure the application. Will specific dApp decisions be carried out through the chain’s local governance mechanism?
The Persistence Software Development Kit (SDK) is a set of standardized tools or “modules” that can be used to model Marketplaces to facilitate the exchange of value. Can the SDK modules be integrated into existing applications? Can it be used in different permutations and combinations to turn completely new markets?
The SDK is constantly expanding to accommodate new types of use cases and dApps entering the Persistence Ecosystem. However, with the modules already available, the trade and trade finance journey can cover the onboarding of organizations and their employees, providing relevant access rights to onboard employees. Is the use of fingerprints also applicable to make documents verifiable?
Open finance DApps (mainly exchanges and markets), focused on matching borrowers (demand for capital) to lenders and investors (supply of capital), are hosted in specific applications chains in the persistence ecosystem. Do you offer benefits of tapping technology in institutional liquidity?
Mainly Focused on Institutional Investors and Borrowers Persistence Through shared security, the main chain can protect application chains. For what purpose does the persistence team work closely with Family Offices and SMEs?
The persistence team works closely with Family Offices, SMEs, promising startups, and third-party development stores in Asia to capture use cases. What is the main focus of Persistence? Can you explain what challenges the PoS mechanism in Persistence addresses?
“Validators of Today, AUDITors of tomorrow” that’s a big insigne on your website, I took a look at their recruitment form for new validators and it says that this is the second set of validators that will be onboarded based on parameters as reputation, infrastructure, geographical location and others. How do you verify the accuracy of this parameters information? Especially regarding the geographical location, which interests you the more?
What does it mean that Persistence has a state-of-the-art-security? Is this term rooted in the concept and the main motivation of the project? How does it work?
As the Persistence chain runs on delegated Proof-of-Stake based Tendermint PBFT consensus engine, do you think Proof-Of-Work is going away just because Proof-of-Stake and staking are getting popular nowadays? Also when will be your XRPT Staking take place and how’s the process on rewarding your stakers?
$XPRT is the native token of the Persistence ecosystem which carries a variety of use cases. So can you give us an overview of your Tokenomics, utilities and it’s use cases? Also what will be it’s special role in your platform & where is it currently tradable?
I’ve heard that your XPRT Token Sale will be Launch on AscendEX (Formerly BitMax) on March 31. So may we ask why you decided to launch there and what’s your relationship with them? Also how can we join in your token sale and may we know why the sale will be in auction format & why conducting it on a two separate auctions?
The platform says that Persistence is able to support several chains like COSMOS, TEZOS , MATIC and POLKADOT. But have you plans to add more chains compatibles with Ethereum? Like BSC or HECO chain?
Many ecosystems of financial products are being integrated into the blockchain, how do they manage to obtain institutional users and maintain them for the long term?
Really, the vast majority of DeFi projects see traditional finance as a problem and, that is why, they only focus on developing and implementing DeFi, but if really Persistence focuses on allowing users to interact with traditional assets and digital, does that mean you think both are necessary? Could you explain why?
I understand that traditional assets can easily be related to digital assets through fungible tokens, but can traditional assets also be related to NFTs? How would this relationship really be in Persistence?
You mention that you want to make real-world and digital assets, such as invoices, collectibles, and art, more accessible, but how would they really be more accessible? converting some bills into NFT tokens? I really don’t understand
Persistence is focusing on both institutional and native cryptographic use cases, but is it really with the goal of being the transitional bridge between Cex and Dex? Or could you really keep working both digital institutions and traditions over time?
I was able to detail on your website, that many risk funds are being supported, does that mean that Persistence is totally safe, that it will protect the assets of all its members in investors? or even so, do they maintain certain risks of loss?
Could you really give us more detail on NFT Asset Mantle? Will it be totally innovative or will it be very similar to the NFT Marketplace frameworks of many other platforms?
Really what are the financial products that are required to be able to operate in both Dex and Cex? are these available for all projects? Or are they totally innovation and development from Persistence?
As we all know, the financial system has its problems which are solved by blockchain, but are the existing problems in DeFi really solved by combining it with Cex? or if Persistence really can be solved in other ways, why then associate it with Cex?
In its latest news it is mentioned that “Persistance” managed to raise $ 3.7 million pesos to unite traditional finance and DeFi through NFT. But was this really enough? How did they manage to raise all this money? Are there currently other fundraising plans to provide better development of “Persistence”?
I really found it interesting that you ran several “StakeDropp” campaigns to distribute your native XPRT tokens. So I would like to know, why you have decided to do this distribution through Staking? campaigns. And what is the existing relationship that Persistence has with these contributing projects? Do you plan to integrate more projects in the future?
According to its roadmap, the public sale of its XPRT tokens will open shortly. Could you detail me in depth how and when the public sale of your native tokens will be? In which sites will they begin to be marketed?
pStake will unlock the liquidity of the staked assets, in terms of profits for investors this is wonderful but in the medium to long term won’t it negatively affect the platform? I would like to know what is the minimum amount to start betting on pstake?
I understand that persistance links the decentralized world with centralized finance, why don’t you want to develop a fully decentralized platform? What are the advantages of having a hybrid ecosystem? The decentralized world came about because of the problems of centralization, why continue to hold on to this type of ecosystem?
Over the years, Persistence has done well in building an ecosystem of financial products to serve institutional and crypto-native users and one of such is the Audit.One. As an enterprise infrastructure for delegated PoS network, how does Audit.One critically address the the reoccurring challenge of DOS attacks and how does it ensure a ready and available validatory service for customers and institutions within the shortest time frame?
Persistence has been able to combine the intricacies of the traditional commodities trade with a decentralized finiancial liquidity providing mechanism by carefully crating a synergy between it’s products; Comdex and pLend. pLend acting as a stable coin platform for lending will be a critical driver for the success of pLend. Can you carefully explain how such liquidity providers are guaranteed great returns on investments and how efficient is this model in mitigating the effect on lenders against any vunrability with market forces?
Persintence regarding its security and audit in all the products and chains that you have in your smart contract, such as the process of validation of them for the launch of products such as staking and others, such as monitoring or review if a vulnerability is found in the system, do you have Tesnet launches where we can participate, since as the space grows and the implementation of new technologies, vulnerabilities arise?
Currently there are negative bonds and negative interest rates on central banks and European/American banks. That means if I lend money to bank, they will give my money back by cutting from my money. That show us in the future, banking system will collapse again. So thinking about current situation, how you can turn this into your advantage?
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?
Why are Persistence building on top of Tendermint and Cosmos SDK and What determines that Persistence is Scalable and Interoperable?
Persistence $XPRT token sale is happening this coming March 31st, so can you give us more information about your token sale? How can we participate and become eligible to be part in your token sale? Why did you choose to hold your token sale in Ascendex(formerly Bitmax) and not other chain or exchanges? What are the benefits for early adopters in your token sale? As an investor, why would we choose to invest our money in Persistence token sale?Thank you
A network is only as strong as its validators. Validators in your ecosystem secure more than $700M USD worth of assets collectively. So,how to become a validator in Persistence? What are the job and role of validators in your network? Why they are important in your ecosystem? How did they secure that huge amount of assets? Lastly,how many validators you currently have in Persistence? Are they still all active until now? Thank you
There are several Persistence StakeDrop still running today, but can you tell us what are the possible coins / tokens that will be participating on this event? When will you start a new round of StakeDrop?
The Persistence tokenomics did not mentioned anything about burning of $XPRT token. Persistence has no plan to burn $XPRT in the future?
One of $XPRT tokens role is to be a “work token”. What will a work token supposed to do to and why is it different from a normal token?
I watched a map on your website with the worldwide activity sites of Persistence, and there is none in Africa and South America. In continents with predominantly developing economies, solutions like Persistance would be useful to citizens to store thei r money, saving and increasing value. How do you intend to reach that market?
Persistence facilitates the action of borrowing cryptoassets using real-world assets as collateral for it. How are those assets brought to the platform, is their value fully backed somewhere?
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?
With Persistence users are able to tokenize their 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?
I have understood that the mission of Persistence is create a bridge between DeFi and Traditional finance, but it is only available From DEFI to Traditional Finance? but how Traditional finance business can take advantage of you?
One of the cool things about Persistence is its token Generator, so do you have a guide that explains how use it? Also is capable to create Non-fungible tokens?
1. I read on your site about the upcoming auction for the exclusive primary listing of Persistence on AscendEX, one of the conditions being “users with trailing 5-day average BTMX holdings ≥ 10,000 BTMX or trailing 20-day trade volume ≥ 30,000 USDT will be eligible for participation in Standard Auction. Standard Auction allows participants to bid for the chance to win a tranche of 1,000 XPRT. 750 participants will be selected to win the auction with a total allocation of 750,000 XPRT.” So, my question here is =>
Q. For those without an existing Bitmax account that traded on Bitmax or without BTMX will not be eligible to participate?
2. I saw in your Telegram community, as the Persistence community is getting bigger and bigger, you’re seeing a lot of requests for national/local Persistence Telegram groups. It’s amazing to see how these international, decentralized communities form themselves in quick succession. In one sentence, there is a lot of people that I noticed want to join them, build with them, and be rewarded for taking ownership in your local community. Regarding this, I saw no local community for Persistence. DO you plan to found some? I’m a Romanian language speaker and Romania is in TOP 10 countries in the world with cryptocurrencies holders. Can I apply for creating a local community here? Whom I should address? And what are the terms, conditions for me as an Admin to get elected? What are the conditions which must encounter the local community in order to be created?
Persistence uses a PoS consensus mechanism in a multi-chain environment. Why did you decide to choose PoS as the project mechanism? What were the main reasons?
Just tomorrow March 30th the Persistence Mainnet is going to be launched. Can you tell us what this release is about? What will it contribute to the ecosystem? How are we going to benefit users and developers?
I would like to know a little about the launch of your token sale on AscendEX on March 31th. What will be the usefulness of the XPRT token? How can we participate in both the standard auctions and the unlimited auction? Also, I noticed that these auctions are not available for a very large number of countries, why?
3. I read on your site that to increase user adoption and provide a smoother user experience, Persistence designed a standard to share the same wallet across multiple mobile(and not only) applications. I tried to find more on your site, but that section also doesn’t open. Being so many wallets there on the market, what does this wallet define? And also it isn’t clear when will be the Launch. Can you describe what’s special about the workflow of it and how will this application implements the whole Persistence wallet sharing process?
i see that persistence project have staking system, could you please share to us how is your stake system work, what is the requirement for user if they want to stake in your platform ? and also how is the calculation for reward that user will receive if they staking with persistence ?
Comdex has a broadcast of NFTs and RFTs, the truth is that I had not heard of RFTs, can you explain what RFTs are? How are they different from NFTs? What role do NFTs and RFTs play in Comdex? What is the utility?
In the Comdex v0.1 architectural design, the Comdex application modules are divided into three chains; the Hub chain, the Asset chain and the Fiat chain. Can you explain the functionality of these three chains? How do they complement each other?
as i understand, Persistence is combination project with Defi + NFTs and PoS Staking. but can you share with us how is NFTs product from Persistence project ? do your NFT have any use in your platform or its only for collection ? and what is the requirement to get persistence’s NFT ?
i read that Persistence is an interoperable protocol built to facilitate the creation of next-gen financial products. its unique and great project also you have create Persistence token. can you describe about what are the use of your token in your platform ? how do i possible to get Persistence token ?
The dApps in the persistence chain are charged a monthly fee based on the use of the persistence platform. Are these fees attractive enough to motivate validators and bettors to use and purchase the XPRT token?
Can you tell us a little more about non-fungible tokens (NFT), starting from knowing that this type of tokens gives a unique value to each asset, so how does this feature benefit customers who join the Persistence project?
For companies and institutions, the granting of loans or financing has been affected by the financial crisis, and also the delay in the payment of the goods purchased, especially at the cross-border level. In what way does the Persistence project come to provide a solution to minimize or eliminate these real problems for companies?