CARUS-AR

Persitence (XPRT) - project overview

Persitence (XPRT) - project overview

Published on: 16 December 2020 11:29

Protocol Powering Institutional Decentralized Finance. One of the important parts of managing a ICONOMI Crypto Strategy is doing research and following new developments in crypto and Blockchain. One of the newer project that has excited us with potential is https://persistence.one.

Persitence (XPRT) - project overview

The content below is for informational purposes only, you should not construe any such information or other material as investment, financial, or other advice.*

Disclaimer: CARUS-AR is a early investor in the Persistence project, the information in this article and in the video are our personal views and information only. We do no work for Persistence nor are we payed in any way for creating this content.

Protocol Powering Institutional Decentralized Finance

One of the important parts of managing a ICONOMI Crypto Strategy is doing research and following new developments in crypto and Blockchain. One of the newer project that has excited us with potential is https://persistence.one.

Below we give a overview of this project and why we think facilitating borrowing of cryptoassets using real-world assets as collateral could become a very exciting usecase for Decentralized Finance (DeFi) and Nonfungible Tokens (NFT).

Since the token of Persitence, XPRT, is not tradable yet we can not add it to our CARUS-AR Crypto Strategy yet, but we very likely will as soon as this is possible.

About Persistence

A project closely connected to the COSMOS ecosystem, Persistence bridges DeFi and traditional finance by facilitating borrowing of cryptoassets using real-world assets as collateral.

Persistence - Protocol Powering Institutional Decentralized Finance

Persistence aims to feature:

  1. Asset Tokenization
    Tokenize real-world assets using NFTs to bring them on-chain into the DeFi ecosystem

  2. Asset Exchange
    Cross-chain exchange of crypto and real-world assets (NFT marketplaces)

  3. Liquidity Aggregation
    Invest/lend to a variety of diversified real-world asset-backed Stablecoin liquidity pools

Use-case

The goal of Persistence is facilitating the end-to-end journey of the borrowing of cryptoassets using real-world assets as collateral. One of the main way to do this will be the the Comdex dApp, an institutional user-facing application providing a end-to-end commodities trade solution - trade discovery, trade settlement and trade financing.

What is impressive about all of this , is that COMDEX already has a very large Transaction Volume of $41M+ and has a projected transaction volume of $200M+ in 2021.

Have a look at the COMDEX website, a Decentralised commodities trading and trade financing platform.

Roadmap

Some of the aspects CARUS-AR looks for with Blockchain and Crypto investments is active development, a good use-case and a solid roadmap.

Persistence - Roadmap

The roadmap for Persistence is extensive, shows very active development and very ambitious plans.

A few key features and events planned include: Token Generation Event, Mainnet Launch (dApp) (Comdex), Expand Exchange Listings; Wallet and Block Explorer Integration, Mainnet Launch and Persistence Native dApp Launch.

XPRT Stakedrop

An exciting way to get your hands one a few XPRT (the crypto coin of the Persistence project) is the Persistence Stakedrop.

Persistence - Stakedrop

Persistence has allocated 1% of the total supply at genesis for Stakedrop.
1000000 $XPRT tokens will be distributed to stakers of some of the most prominent dPoS/nPoS networks. Networks included in the StakeDrop campaigns are: Cosmos Network, Terra, Kava Labs, IRISnet, Polkadot, Matic Network and Tezos.

The COSMOS (ATOM) and KAVA (KAVA) stakedrop have ended, Terra (LUNA) starting the 19th of December 2020.

The stakedrop is still starting for: IRISnet, Polkadot, Matic Network and Tezos. Read more about the Terra (LUNA) StakeDrop.

More information about all Persistence One Stakedrops can be found in this article.

interNFT

interNFT stands for: Interchain Standards for Non-Fungible Tokens and Metadata. This open collaboration was initiated by the Interchain Foundation and is being facilitated by Persistence One together with ixo.

Persistence - interNFT

Metadata is what makes an NFT valuable, it is the glue between the token and the asset it represents. Improving both standards will help NFTs reach their full potential faster. As stated on the interNFT website:

"This Working Group believes in a future with many blockchains interoperating with one another, that includes NFTs going from one chain to another. By building common standards together we can make this happen faster."

Participating Projects in interNFT

Backers

As an investor it is always interresting to know about the projects other companies and institutions are investing in.

Persistence - Backers

Persitance has some very impressive backers, and has raised $3.7M from Industry Heavyweights including:

XPRT Public sale

The public token sale for has not been announced yet, follow Persistence on Telegram or Twitter to get updated about this as soon as possible.



Invest using ICONOMI

Back to the blog overview

Ready to get started?
Register at ICONOMI and follow CARUS-AR.

Attention

CARUS-AR is an investment in cryptocurrency using the ICONOMI platform.
CARUS-AR does not guarantee any profits. Investing in cryptocurrency is a high risk investment.
Never invest more than you are prepared to lose.
Read disclaimer

Privacy policy

About CARUS-AR & CarusAes

CarusAes provides crypto consulting services, advice and support. We also organize events and try to share news and knowledge about Crypto related subjects.
CARUS-AR (CAR) is a diversified Crypto Strategy available on ICONOMI, advised by CarusAes.

© 2020 CARUS-AR, All rights reserved.