The educational task of Satoshi Club drives us to acquaint you with all new projects. We were delighted to welcome our guest from Persistence. The AMA took place on March 29th, 2021, and our guest were @tusharaggarwal @abhitejsingh.
The total reward pool was 500$ and was divided into three parts. In this AMA Recap, we will try to summarize some of the most interesting points for you.
Part 1 — introduction and questions from the Telegram&Bitcointalk community
Gold Rocket | Satoshi Club: Hello, dear community! We are very glad to conducting AMA with Persistence! Today our guests are @tusharaggarwal @abhitejsingh!
Abhitej Singh | Persistence 🦾: Hello everyone! Great to back here with the ever-growing Satoshi Club community.
Andrés M. | Satoshi Club: @tusharaggarwal @abhitejsingh how’s going your day guys?
Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club, @tusharaggarwal and @abhitejsingh!😊 And we are very happy to see you again and very excited about the upcoming AMA.😊
Abhitej Singh | Persistence 🦾: Would say very busy with Mainnet launch, token listing on 1st April, AMAs and partnerships but this is the best feeling 🚀
Andrés M. | Satoshi Club: That’s the aptitude we need, congratulations for all that coming events 🥳👏
Gold Rocket | Satoshi Club: I hope you can tell us more about this.🙏
Abhitej Singh | Persistence 🦾: Absolutely we will talk more about all of this today’s AMA.
Gold Rocket | Satoshi Club: Let’s start! @abhitejsingh Introduce youreself. How did you get to be involved in crypto & Persistence?
Abhitej Singh | Persistence 🦾: Hello Everyone,
I am Abhitej Singh and I take care of Strategy and Community at @Persistenceone. My introduction to Crypto was in 2016-2017 while I was travelling across different parts of India and the US. I was very fascinated by the core characteristics of Crypto and Blockchain in general – ownership and transparency. So, after initial introduction I jumped into Crypto completely in late 2018.
Before joining Persistence, I was helping a couple of early stage startups (now backed by Ola and Livspace – unicorns in India). I was also actively involved building communities for Google, facebook and co-founded national hackathon in India called Code2Create.
I met Tushar and Deepanshu (Co-founders) in 2019 at a Blockchain Conference and really liked the vision they had and joined them back in November 2019. Here we are building @PersistenceOne.
I also co-founded Cosmos India with Tushar and Deepanshu.
Learn about our journey so far: https://www.youtube.com/watch?v=bPHOZPsoEnQ
Gold Rocket | Satoshi Club: Great background and great intro! 👏
Andrés M. | Satoshi Club: Happy to know that more about you, that will make the AMA more familiar
Gold Rocket | Satoshi Club: What is the essence of your project? How long does it take to develop a project? What plans do you have for the future? And what can we expect from Persistence?
Abhitej Singh | Persistence 🦾: A lot of questions together. Let me take them one by one.
Gold Rocket | Satoshi Club: Of course ☺️ take your time please.
Abhitej Singh | Persistence 🦾: In simplest terms, Persistence is creating ecosystem of financial products which will have debt financing, borrowing/lending, DEXs, Fixed income generators etc.
To dive a little deeper:
Persistence is an interoperable protocol built to facilitate the creation of next-gen financial products. The Persistence tech stack provides the infrastructure to effectively bridge the realms of DeFi and traditional finance in a variety of areas, whilst also enabling the creation of innovative crypto-facing solutions to expand the DeFi and NFT sectors.
Persistence is operating at the confluence of NFTs + DeFi + PoS Staking. We have already developed a full suite of financial products:
♦️Comdex: Institutional-facing commodities trading and trade financing platform. Handled over $55M in transaction volume.
♦️AUDIT.one: Staking-as-a-service infrastructure. Currently over $200M in assets under management.
♦️pStake: Liquid staking product unlocking liquidity of staked assets.
♦️pLend: Stablecoin lending platform backed by real-world assets.
♦️Asset Mantle: Interoperable NFT marketplace framework, enabling the creation of ‘Shopify-style’ NFT marketplaces.
Learn more about our mission and product ecosystem here: https://buff.ly/2NWnFE3
We have been building Persistence since 2019 and we have built all three-layers:
– Network Layer
– Persistence SDK
– Application layer
This allows to develop very comprehensive and user-friendly applications. And it’s the same reason we have institutional as well as crypto-native application in our ecosystem.
This is will give everyone a fair idea of how our technology is stacked.
Andrés M. | Satoshi Club: Wow, a big g ecosystem that faces the problems of the users👏
Gold Rocket | Satoshi Club: Nice infographic!👍
Abhitej Singh | Persistence 🦾: We aim to become the largest suite of financial products (Both crypto-native and institutional applications).
We are already on a great start with Comdex, pStake, AUDIT.one, Asset Mantle and pLend. But this is just the start.
You can find all our upcoming updates in our latest roadmap: https://persistence.one/roadmap
But some of the key updates will be:
Token Sale: 31st March 2021
Mainnet Launch: 30th March 2021
Staking Interface launch: 1st April
Exchange Listing: 1st April
pStake Launch: April/Early May 2021
Asset Mantle launch: Q2 20201
Exchange listings expansion: Q2 2021
Done ✅
Andrés M. | Satoshi Club: Exchange listing? Where are you going to be listed?
Gold Rocket | Satoshi Club: Big thanks👍
Abhitej Singh | Persistence 🦾:
#XPRT #TokenSale
The bulls are charging towards AscendEX (formerly BitMax) for Persistence’s XPRT token sale, launching on March 31st! 🚀
💎 The XPRT token sale will take place on leading global exchange AscendEX (formerly BitMax) on March 31st. The sale will be in auction format, with 1M XPRT tokens available for participants.
🛡 During our fundraising rounds we built a strong network of Persistence crusaders. We’re now thrilled to give the wider community the opportunity to secure XPRT tokens and join our journey!
📈 AscendEX will then list XPRT via a XPRT/USDT trading pair following this schedule:
📲 Deposit: Mar 31, 2:00 p.m. UTC
📲 Trading: Apr 1, 1:00 p.m. UTC
📲 Withdrawal: Apr 1, 1:00 p.m. UTC
🌐 Details: https://buff.ly/3siaBIy
🦾XPRT staking offering 35% APR will launch directly after TGE, alongside our mainnet.
Prepare for liftoff 😎
🗣 Retweet: https://twitter.com/PersistenceOne/status/1375072098520080385
Persistence.one | Twitter | Telegram | Medium | YouTube
Gold Rocket | Satoshi Club: So soon🚀🚀🚀
Andrés M. | Satoshi Club: Time to go with our first question
Q1 from Telegram User @carolina0012
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?
Abhitej Singh | Persistence 🦾: This is an interesting question. Persistence SDK is equipped with multiple modules that have the capability to be full-fledged projects themselves.
The objective with Persistence SDK is to bring the advantages of Web 3.0 (Trustlessness, Immutability, Auditability etc) at the same time have Web 2.0 experience.
Some of the modules in Persistence SDK. As I understand, fingerprints are a way to authenticate the identity, Persistence has multiple modules that incorporate identity management and authentication as well as also deal with sensitive data through document provenance and Access Control Rights. Persistence SDK by it’s designed is without doubt one of the most comprehensive and sophisticated toolkit for developers and in future we will add more features as mentioned by you.
Gold Rocket | Satoshi Club: it is very interesting!
Andrés M. | Satoshi Club: An amazing concept, how do you compete with your direct competitors? What features make you different?
Gold Rocket | Satoshi Club: Which of the modules is the most interesting for you personally?
Abhitej Singh | Persistence 🦾: Persistence is essentially not competing with other chains or protocol, we are building an ecosystem of products that are interoperable.
Our current application suite resides on Ethereum, Cosmos and Persistence. In future we aim to build bridges to ecosystems such as Polkadot, BSC etc.
Andrés M. | Satoshi Club: I see, you are looking for a big adoption
Abhitej Singh | Persistence 🦾: That being said, we do have competitors for individual products, for example:
pStake: Stafi, Lido finance
Comdex: Centrifuge
AssetMantle: Mintbase
Gold Rocket | Satoshi Club: Bridges between blockchains are really very important today! 👍
Abhitej Singh | Persistence 🦾: Our goal is to bring value from different ecosystem and find ways to build syngeries with complementing protocols and projects. In my personal opinion, the only way this industry will succeed if they protocols and networks can co-exist.
Gold Rocket | Satoshi Club: I like that you offer complex solutions. Gold words👏
Andrés M. | Satoshi Club: Completely agree💪
Abhitej Singh | Persistence 🦾: Same rationale goes behind very close partnership with Terra. We will be using Terra’s Stablecoin ecosystem in our applications in absence of our own stablecoin.
Gold Rocket | Satoshi Club: thanks a lot explanations! ready to proceed to the next question from the community?☺️
Abhitej Singh | Persistence 🦾: Personally I love interNFT module. interNFT is very powerful module which will change the way we know NFTs today. Currently NFTs just exist in Ethereum ecosystem due to absence of proper standards across other chains. In addition to that ERC-721 or ERC-1155 NFTs cannot flow to other chains and NFTs from other chains cannot flow to Ethereum. This is a huge barrier in NFT growth.
Gold Rocket | Satoshi Club: I also think it is a very promising direction!
Abhitej Singh | Persistence 🦾: interNFT is a module that is standardising NFT and Metadata across chains and we were awarded with a grant as well for our work with interNFT by Interchain Foundation.
Andrés M. | Satoshi Club: Thanks for the clarification, NFT is a hot topic, I think that module would provide big solutions
Abhitej Singh | Persistence 🦾: Today interNFT is supported by the leading projects such as Polkadot, Kusama, Cosmos, Secret Network, Keep Network and many more.
Gold Rocket | Satoshi Club: Congratulations🎉it is always a pleasure to get high marks for your work! many famous and familiar names. 😊
Abhitej Singh | Persistence 🦾: Let’s go
Q2 from Telegram User @yiselen
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?
Abhitej Singh | Persistence 🦾: Persistence main chain essentially acts as hub for all the application in the ecosystem and the key actions such as governance, incentivisation/deincentivisation, public records can be executed here.
As the Persistence ecosystem grow (already 4 application operating) the value of Persistence chain and it’s governance token $XPRT will significantly grow.
And can talk more about the XPRT token and it’s utility further in the AMA.
Andrés M. | Satoshi Club: Could you share details about the tokenomics of XPRT?
How is the amount of tokens distribution?
Abhitej Singh | Persistence 🦾: As far as Byzantine consensus algorithm is considered. Persistence is a tendermit-based chain and leverages the highly composable and robust technology developed by the Tendermint team. You can read in detail about what is Byzantine consensus alogrithm and how tendermint implements it, here: https://blog.cosmos.network/tendermint-explained-bringing-bft-based-pos-to-the-public-blockchain-domain-f22e274a0fdb Sure thing. XPRT tokenomics and utility blog: https://buff.ly/3feZxbw
Done ✅
Andrés M. | Satoshi Club: Thank you so much, I think the answer is so clear for us, would you like to add something before the next question?😃
Abhitej Singh | Persistence 🦾: Let’s proceed
Q3 from Telegram User @meml97
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?
Abhitej Singh | Persistence 🦾: Persistence has been working on both institutional and crypto-native use-cases since the start. Our goal is to work on the following core things:
– Accessibility
– Liquidity
– Sustainability (Fixed Income)
With same respect we have been building different projects and cater to the needs of the both institutional and crypto-native users.
Gold Rocket | Satoshi Club: What other partnerships do you have in your plans? What do you expect from these collaborations
Abhitej Singh | Persistence 🦾: The partnership with Tavis Digital has following benefits:
– Provide the institutional investors accessibility to the PoS and DeFi assets
– Bring Liquidity into the Crypto ecosystem
– Grow the adoption of Crypto
– Provide sustainable income to the institutional users (in times of negative returns in the traditional finance)
– Abstracting the complexities of Crypto for the institutional investors
Our partnership with Tavis Digital was also covered by Coindesk (Top Crypto media outlet): https://www.coindesk.com/staking-as-an-asset-class-this-swiss-institutional-fund-is-jumping-in
You can read more about our partnership here.
This is only one of many institutional partners that we are working with. We will be disclosing our other partners as well in coming months.
Gold Rocket | Satoshi Club: Thank! I will definitely check it out! This is a great achievement!👏👏👏
Andrés M. | Satoshi Club: Congratulations, we will be expecting to know more about your new partnerships👏
Abhitej Singh | Persistence 🦾: Let’s proceed.
Q4 from Telegram User @AugusS7
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
Abhitej Singh | Persistence 🦾: Let me break down this process in simple terms for you. Like how Pepe the Frog is unique, every ‘real world’ asset is unique. Pepe the Frog has certain unique characteristics similar to every commodity or business invoice having unique characteristics. Like how you would be able to trade frogs or monkeys or digital art..similarly once something is represented on chain, it can be traded. We’ve been working with NFTs for a long time in this context. The Interchain Foundation (foundation governing Cosmos) gave us a grant recently to create ‘interchain’ standards for NFTs. Read here: https://medium.com/persistence-blog/persistence-one-first-to-implement-interchain-native-nft-transfer-bags-icf-grant-cdb6c3856c25
This is similar to how ERC721 has become the NFT standard within Ethereum ecosystem.
For more details (especially for developers) – http://internft.org/
Andrés M. | Satoshi Club: Haha I like so much the reference😅
Abhitej Singh | Persistence 🦾: The key information from the real-world assets such as invoices (Invoice Number, Invoice amount, payable date etc) are extracted and attached to a digital representation of these assets (Metadata).You may ask how do we verify the authenticity of these NFTs. Here is the answer:
We work with multiple third parties to check the authenticity of the ‘real world’ assets. Whether those real world assets exist. Once that verification is done, then they are brought on chain. Proper underwriting (insurance) is in place to mitigate any counterparty risk. Since our initial focus is cross border trade and physical commodities – some of the regulatory complexity is removed as trading of ‘physical’ commodities is lightly regulated. Biggest compliance is KYC/AML which we comply with. Some news about Comdex: https://www.business-standard.com/article/pti-stories/comdex-completes-over-10m-worth-of-commodity-trade-processes-119110800600_1.html
Third party verifiers who are whitelisted need to have the original copies of the documents. These could range from insurance agents, auditors, trade financiers etc who are skilled in checking this. The documents could be digital also – not only paper based – PDF etc. But authenticity will be verified. In the spirit of decentralisation there will be multiple third parties. Another analogy can be drawn from Beeple’s NFT auction with Christie’s. Where Christie’s translated the off-chain reputation of Beeple to determine the value of the NFT.
Andrés M. | Satoshi Club: Thank you for the detailed answer, all this process has been audited or is in process to be?
Abhitej Singh | Persistence 🦾: Over time we will see most of these assets exist only digitally on-chain and the off-chain authentication wouldn’t be required but at the moment we are in very early stage of the industry itself. Yes, Comdex is an institutional product and it needs to comply with certain standards and security checks. And we aim to do similar audits for all our future institutional products as well.
Done ✅
Andrés M. | Satoshi Club: Great work, is an important topic to increase the users trust and security. Let’s proceed with the next question😃
Q5 from Telegram User @Michelth
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?
Abhitej Singh | Persistence 🦾: Unlike western world most of the conglomerates and businesses in Asia are owned by family offices. With the hyper growth these family offices are looking for best alternatives to expand their businesses. For that matter, Comdex is also backed by a billionaire family in India and a commodities trading organisation in Singapore. We want to work closely with family offices to drive more adoption and bring more capital into Crypto. On the other hand, most of the SMEs don’t have the accessibility to huge capital and enough liquidity such as large corporations to operate their businesses seamlessly. The process to gain accessibility or liquidity in traditional finance industry is very tedious and time consuming. Hence we want to leverage the abundant capital in the Crypto space to finance the real-world businesses. This will create a very balanced demand and supply scenario which in return will bring massive growth to both sides.
Gold Rocket | Satoshi Club: Yes, that’s a good decision. Family business symbolizes reliability!🤝
Abhitej Singh | Persistence 🦾: That’s essentially what we mean by bridging the gap between traditional finance and crypto. Creating a balanced supply and demand. This is allow the crypto holders sustainable income and ensure the growth of the crypto industry.
Done ✅
Gold Rocket | Satoshi Club: Mass adoption in action! Are you ready for last question of this part?
Abhitej Singh | Persistence 🦾: Yes let’s go.
Q6 from Telegram User @Gutike95
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?
Abhitej Singh | Persistence 🦾: As I mentioned above Persistence is a suite of financial products which include DEXs, Marketplaces, Lending/Borrowing applications. Comdex for example is a marketplace and have institutional users. In coming month we will launch pLend which is a Stablecoin aggregator (Liquidity product) which have two functions:
– Allow the users of different dapps in the Persistence ecosystem (Asset Mantle, Comdex, pStake etc) to put their assets as collateral and borrow stablecoins
– Provide high-return for the liquidity providers on their stablecoins
So our approach is not to build just standalone product which exist completely disconnected rather build products which can bring value to each other. Although, if any dapps wants to build in Persistence ecosystem in a completely siloed manner they can. So to conclude it will be combination of DEX + Marketplaces
Andrés M. | Satoshi Club: Before to the second part of the AMA, could you share with us details about the coming token sale? How to be part?
Abhitej Singh | Persistence 🦾: We have created a simple explainer: https://buff.ly/31sqPmt
Andrés M. | Satoshi Club: Thank you, it would make the process easier for our members interested on it 😃
Andrés M. | Satoshi Club: @abhitejsingh thank you so much for your time and for share your knowledge in this first part of the AMA, It has been and exciting and interesting segment🥳👏
Gold Rocket | Satoshi Club: I understand correctly? here are the main products you offer: comdex, audit, pstake, asset mantle and plend.
Abhitej Singh | Persistence 🦾: Yes these are the products we have publicly communicated. There are more under development in the background.
Part 2 — live questions from the Telegram community
Q1 from Telegram User @fromabove6
What sets you apart from your competitors?
Abhitej Singh | Persistence 🦾: As I mentioned, the greatest advantage for Persistence over the competition is the unique position of operating at the confluence of PoS + NFTs + PoS staking.
We have already built 4 products, namely:
– Comdex – Decentralised Commodity Trading Marketplace with more than $55 Million in Transaction volume
– AUDIT.one – Validator arm of Persistence.one with more than $125 Million worth of assets under delegation
– pSTake – Liquid Staking platform with best returns and user experience for the PoS stakers
– Asset Mantle: NFT Marketplace framework which will allow any user to spin up their own NFT marketplace – Shopify of NFTs
Some of the other advantages are:
– One of the best validator set in the industry
– Strong partnerships with leading crypto foundations, protocols, networks as well as large traditional institutions.
– Persistence is building all layers – network, SDK and application layer which cut down on any external dependencies
– The token utility rewards all the $XPRT holders from the cash flow from all the applications in the ecosystem
Q2 from Telegram User @meml97
🧨 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?
Abhitej Singh | Persistence 🦾: The token plays 3 keys roles:
1. Staking token (similar to other Tendermint based chains like Band, Kava, Terra, Iris)
2. Governance of the chain (not app)
3. Work token (stakers and delegators receive cashflows from the pStake and Comdex dApp as well as other dApps in the future)
The biggest advantage is as the Persistence ecosystem grows (we are already working on shipping multiple projects) the value of $XPRT will grow. Hence providing immense ROI for the XPRT holders.
Here’s a simple illustration to understand the same.
Q3 from Telegram User @lastcalll
NFT is a good option for every project, how you will evaluate this option. Or do you have other priorities?
Abhitej Singh | Persistence 🦾: Very good question, thank you for bringing it up.
Persistence has been working on NFTs since 2019 even before the NFTs became so popular and hot topic.
Our vision since inception has been to operate on the confluence of NFTs + DeFi + PoS Staking.
We are not swayed by the trend but working on creating long-term value by developing utility for NFTs beyond art and collectible, for example tokenising business invoices, ownership documents etc.
Q4 from Telegram User @KeymerS
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?
Abhitej Singh | Persistence 🦾: In fact, Persistence executed the first cross-chain NFT transaction. Here is the article covered by Cosmos: https://blog.cosmos.network/1st-non-standard-ibc-transaction-executed-by-persistence-2-2-79eb4397d48d
Currently we are leading the working group of 20+ projects to develop these standards that include Polkadot, Cosmos, Kusama, Akash Network, Secret Network etc.
Q5 from Telegram User @feranno
What conditions should I meet to participate in the public sale of XRPT?
Abhitej Singh | Persistence 🦾: You can see detailed requirements and eligibility here: https://buff.ly/3siaBIy
https://bitmax.io/en/marketing/xprt
Q6 from Telegram User @moe_808
🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥
I read on your website that $XPRT holders can delelgate it for stacking, so no one except holders can stake on persistence network? How much is the apy % returning? @abhitejsingh
🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥
Abhitej Singh | Persistence 🦾: #Persistence #Mainnet
The Persistence Mainnet is Launching on March 30th! Introducing Our World-Class Genesis Validators 🚀
🦾 After more than two years of relentless ideation and development, we’re thrilled to announce that the Persistence mainnet is going live tomorrow, March 30th, with 20 genesis validators!
🔥 This will signal the official birth of the Persistence network and the next major milestone on our journey to usher in a new financial paradigm.
🔒 Persistence has onboarded some of the world’s top validators, which collectively secure over $7B worth of assets across multiple networks. We are committed to ensuring the utmost security and robustness of our network.
💎 From April 1st, XPRT holders will be able to delegate their tokens to our validators for staking (35% APR in the first year).
🌐 Read here to learn more about our mainnet launch and to meet our world-class validators: https://buff.ly/2P8iSRf
We invite you to celebrate this monumental occasion with us. Here’s to the next exciting chapter in the journey of Persistence! 🥂
🗣 Spread the word: https://twitter.com/PersistenceOne/status/1376503676295069696
The APR on XPRT staking will be 35%.
Q7 from Telegram User @centoscu
I’d like to learn about NEW Partnerships you made or about to make for Persistence?
Abhitej Singh | Persistence 🦾: Partnerships:
Ecosystem:
1. Terra: https://medium.com/persistence-blog/terra-and-persistence-announce-partnership-to-drive-adoption-via-a-token-swap-and-community-677df3d0f6e0
2. Interchain Foundation: https://medium.com/persistence-blog/persistence-one-first-to-implement-interchain-native-nft-transfer-bags-icf-grant-cdb6c3856c25
3. Razor Network: https://medium.com/persistence-blog/persistence-partners-with-razor-network-to-strengthen-both-parties-e92e538ad4b4
4. Kava: https://twitter.com/kava_labs/status/1357630049906794496?s=20
AUDIT.one:
1. Tendermint: https://medium.com/persistence-blog/tendermint-to-delegate-595-000-atoms-to-persistences-audit-one-97ddb47e01db
2. Polygon (Previously Matic Network): https://blog.matic.network/matic-network-validator-advisory-board-overseeing-the-advancement-of-a-secure-and-healthy-network/
3. Skale: https://skale.network/blog/validator-list-for-skale/
4. Injective: https://buff.ly/2ZtasW4
5. Marlin: https://twitter.com/PersistenceOne/status/1339917327194857473
StakeDrop:
1. Trust Wallet: https://community.trustwallet.com/t/persistence-one-1000-in-xrpt-giveaway/85990
2. Cosmostation: https://medium.com/persistence-blog/cosmostation-wallet-adds-3-step-registration-for-persistence-stakedrop-a1223703c490
3. StakingReawrds: https://medium.com/persistence-blog/additional-20-000-xprt-is-up-for-grabs-as-persistence-partners-with-the-staking-rewards-team-d1b21aa092ac
+ AscendEX (Formerly Bitmax) [Token Adoption and Growth]: https://bitmax.io/en/marketing/xprt
Q8 from Telegram User @RosemaryBianco
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?
Abhitej Singh | Persistence 🦾: [In reply to Comrɑde | BlockTɑlks]
All the 7 networks selected for the StakeDrop campaign align with the long-term vision and objectives of Persistence. Some of the those are:
♦️Tendermint-based chains: Cosmos, Kava, Iris, Terra
♦️Interoperability: Polkadot, Cosmos
♦️DeFi: Kava, Terra, Iris
♦️NFTs: Matic
♦️Bridging traditional finance and DeFi: Tezos
The other key factors with these networks that ensured the success of StakeDrop:
♦️Geographically distributed: Cosmos, Polkadot, Tezos (Global), Kava (the US), Iris (China), Terra (South Korea), Matic (India)
♦️Significant market capitalisation
♦️Strong staking community with high staking ratio on the network
♦️Synergies to work with these projects for Persistence ecosystem products such as pLend, pStake, Asset Mantle
In case someone wants more details:
Currently we are running StakeDrop campaign to distribute 1% of our entire token supply. We have already completed the campaigns for Cosmos, Kava, Terra
Ongoin: Matic
Upcoming: Iris, Tezos, Polkadot
You can find the details to participate in Matic StakeDrop here: https://youtu.be/DXfL8KIdLAw
Q9 from Telegram User
COMDEX will have what kind of commodities? gold, oil? and which oracle will then use to track the prices?
Abhitej Singh | Persistence 🦾: Currently we are using the institutional oracle solutions but we are seeing more and more crypto oracles such as Chainlink and Band Protocol are working on bringing real-world data on-chain. We will be working with similar oracles in future to get more decentralised data in our institutional or real-world focused dapps.
Q10 from Telegram User @K2ice
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?
Abhitej Singh | Persistence 🦾: lot of influencers and industry pioneers have been closely looking at Persistence and in touch with us.
The same can be seen in the list of advisors on our website, we have onboarded some of the most recognised faces in the crypto as well as institutional space.
One of the video I could fetch to show the hype among the influencers: https://www.youtube.com/watch?v=MuY3073171Q Time and again we have been covered by the influencers as most anticipated project.
Part 3 – Quiz Results
In the final part we tested your knowledge in terms of Persistence. They’ve prepared 4 questions for this part. The total reward pool for quiz was 300$.
For more information and future AMAs, join our Social Media channels:
English Telegram group: https://t.me/Satoshi_club
Russian Telegram group: https://t.me/satoshi_club_ru Indonesian Telegram group: https://t.me/satoshi_club_indonesia
Spanish Telegram group: https://t.me/satoshi_club_spanish
Telegram Channel: https://t.me/satoshi_club_channel
Twitter: https://twitter.com/realsatoshiclub
Website: https://esatoshi.club/
Our partners:
Persistence: https://persistence.one/