Persistence Overview
Persistence is the protocol enabling exposure to multiple asset classes such as Liquid Staking (pSTAKE), NFTs (Asset Mantle), and Synthetics (Comdex).
Persistence’s mission is to create an ecosystem of multi-chain Web3 products designed to stimulate global liquidity and enable seamless value exchange.
Persistence’s Core mainnet is a Proof-of-Stake chain powered by the Tendermint BFT consensus engine. Persistence’s multi-chain tech stack (currently supporting Cosmos, Ethereum, and other Tendermint-based chains) abstracts away the complexities for developers and enables them to create DEXs, marketplaces, lending/borrowing platforms, etc.
Persistence is also working on developing inter-chain NFT and Metadata standards along with leading Proof-of-Stake networks/foundations. Being one of the pioneers in the Proof-of-Stake industry, Persistence also supports upcoming PoS networks through its validator arm AUDIT.one.
The Project Development
Persistence came out of stealth on January 3rd, 2020. Over the past two years, while building the network and ecosystem, the team has fought hard to raise capital, navigated a global pandemic, and faced challenges with product iterations.
The Early Days
Q1’20: Initial team building and coming out of stealth
Q2’20: Launch of AUDIT.one, Persistence’s validator arm
Q3’20: Successful strategic fundraise for Persistence
Product Foundations
Q1’21: Persistence Core-1 mainnet goes live
Q1’21: Persistence Wallet and Persistence Explorer are launched
Q1’21: $XPRT commences trading via an IEO on AscendEx
Q2’21: pSTAKE Finance Alpha (Testnet) launch
Ecosystem Expansion
Q3’21: Decentralization of Persistence Core-1 chain through validator set expansion
Q4’21: AssetMantle launches the Mantle Testnet
Q4’21: Comdex mainnet launch
There are two fundamental areas that the Persistence team will focus on during 2022 — fostering a holistic ecosystem of applications and cultivating the expansion of organizational capabilities.
Team
In the fourth quarter of 2021 Persistence team expanded to 30+ members. Tushar Aggarwal and Deepanshu Tripathi are the founders of Persistence.
Tushar Aggarwal, CEO and Co-founder. He is a Crypto/Blockchain VC at LuneX Ventures and Podcast host at Decrypt Asia. Ex-management consultant to the Financial Services industry with a keen interest in technology, entrepreneurship, investments, and racket sports.
Deepanshu Tripathi, CTO and Co-founder. His main area of work is blockchain distributed applications design and development (tendermint). Worked as an engineer at Mahindra Comviva, a global leader of mobility solutions.
$XPRT
The native Persistence token plays 3 key roles:
Staking token (similar to other Tendermint based chains like Band, Kava, Terra)
Governance of the chain (Core-1)
Work token (stakers and delegators receive cash flows from the dapps such as pSTAKE, Asset Mantle)
Tokenomics
Token Release Schedule
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.
To find out more about the Persistence project visit their official website, Twitter, Telegram Community, and announcements channel.
About Citadel.one
Citadel.one is a non-custodial Proof-of-Stake platform for the management and storage of crypto assets. Users can create public addresses for all supported networks with one seed phrase, connect their Ledger or Trezor device, or import an address generated by another wallet.The analytical dashboard provides relevant information on wallets’ balances and networks’ main metrics.
In Citadel.one, we standardize the semantics, making interactions with the platform as easy as possible. The same goes for network metrics. By using universal terms, we are making it easier for users to understand and compare networks.
One of the main functions of the Citadel.one platform is participation in the PoS consensus — users can stake and delegate their assets, claim rewards, and follow the latest network proposals in the voting tab.
Citadel.one offers its users instant cryptocurrency exchange services that allow fast and secure crypto assets swap. It is also possible to buy and sell crypto with a credit or debit card.
Citadel.one users can track rewards, withdrawals, transfers, and deposits across all supported networks and add comments to these transactions.
Among PoS platforms, Citadel.one supports BAND network ($BAND) Secret Network ($SCRT), Cosmos ($ATOM), ICON ($ICX), IOST ($IOST), KAVA ($KAVA), BSC ($BNB), Juno ($JUNO), Comdex ($CMDX) and Tezos ($XTZ). We also support Ethereum, Bitcoin, and Tether ($USDT) for our users’ convenience. Mobile and desktop versions, new networks, including Polkadot are scheduled for the upcoming updates.
Furthermore, delving into the idea of true decentralization, we envision Citadel.one a decentralized autonomous organization and a genuinely community-owned platform in the nearest future.
Learn More About Citadel.one
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