Persistence is a resource-based loaning/borrowing and debt issuance service, bringing the force of real tangible assets to decentralized or digital finance. It does as such by working with crypto-assets acquiring, utilizing certifiable assets as invoiced NFTs, and afterward utilizing them as wrapped financial offerings. The main vision is to fill the 1.6 trillion dollar gap created in financing markets by motivating and facilitating cross-border trade and financing services backed by the power of blockchain.

What is Persistence?

Persistence is a network with a series of unique and authoritative blockchains. The network is an open platform for finance applications, like an online exchange and financial markets, where businesses and individuals with investable capital are connected with those in need of capital either in the form of loans, shares, and equity.  

Persistence is not only working on bringing decentralized finance and traditional finance together but also aims to eradicate the errors of both traditional finance and crypto base financing services. It is making it possible through integrating the crypto-based assets with the real tangible value-creating resources. 

Persistence features

The major services or advantages of persistence include the effortless, trustless, and inter border transfer of money and capital without any constraints experienced by traditional financing. The use of blockchain allows resources like letters of credit, lading bills, bank guarantees, and LCs to the digital assets in form of NFTS. These NFTs then enable the decentralized exchange of tangible assets against stable crypto coins mitigating risks of traditional finance related to it. 

Their method of activity is distributed in four steps of (1) tokenization; (2) exchanging; (3) the creation of the debt; (4) its securitization. The cycle starts with tokenizing tangible real-world assets' accounted as NFTs. This is done such that the assets can be exhibited properly and completely on the blockchain. The next step inculcates the exchanging of such NFTs against stablecoins.  Stablecoins are then acquired by putting certifiable assets represented as NFTs as a guarantee, the creation of the debt. The fourth and last advance is the bundling of the loans into various pools to make fixed pay investable items – an interaction known as securitization of debt.

Persistence Products

Aimed at developing the ecosystem of online financial offerings and platforms; the earliest products of Persistence are as follows;

COMDEX

Comdex is a decentralized, institutional-targeting product exchanging arrangement that works with the end-to-end exchange cycle including exchange revelation, settlement, and financing. The application has effectively taken care of more than fifty-five million dollars in exchange volume and has welcomed a bigger number of assets on-chain than the entirety of its rivals consolidated. The legal compliance and security of transactions are also made sure through COMDEX.  All activities are secured through open blockchain and systems like anti-money laundering and know your customers.  

AUDIT.one

This is a subsidiary service of Persistence, designed to validate the assets entrusted against the loan through a series of multi-cloud networks. There are presently eight or nine institutions that have entrusted millions of worth of assets to AUDIT.one for validation. 

 P-Stake

The other primary offer of Persistence, P-stake is an application facilitating the liquidation of staked assets. All the assets that are exhibited on PoS blockchain are facilitated to be liquid so that the yield on them can be boosted and stalkers’ profit is ensured against their entrusted assets.

Asset Mantle

This is a framework for creating the NFTs marketplaces. This gives all the essential inputs for creating segregated marketplaces. It supports a range of different NFTs issued against digital art, landmarks, entertainment tickets, and real estate. 

P-lend

The most anticipated service or the USP of persistence. This is the online lending platform of persistence. These lendings are made in the form of stablecoins. The liquid funds are pooled by these coin holders to facilitate the process on COMDEX, so the returns can be generated for stablecoins holders from tangible and physical assets. P-Lend is making its way to exploit the sixty-five million dollars global online financing market.

XPRT Tokenomics

XPRT token also known as the work token of Persistence is the main trade unit for financing and transactions at Persistence. The system is such that holders need to stake XPRT tokens to earn more of these. It permits the stakers to create income in connection with the exchange volume produced by DApps in the Persistence environment.

The XPRT token appropriation model and delivery schedule have been thoroughly developed to smooth the way for a strengthened, relatable, and highly participated Persistence environment. The plan is to incubate 100 million XPRT tokens at the start and eventually and slowly release them over the period of about forty-two months.

The 25.6% of those are reserved for the marketing and growth of the Persistence. These will be slowly released as per the use of awareness campaigns and advertisements of the Persistence environment.  These activities include media partnerships, strategic partnerships, sponsorships, exchange listings, and promotions through advertisements. 

The 14% of the tokens will be released for the investors who will be benefiting the Persistence ecosystem over a longer period of time. These investors will be contributing through seed allocation or private exchange of XPRT tokens. 

The 19.4% tokens will be used for the development purposes of the ecosystem. The product generation and development of applications like Dapps, platforms like COMDEX, and others. The main part for which these tokens will be used is the incentivization of the content generators and platform developers. 

Another token release will be 1% for the incentivization of the team, payments to the validators will be 16% tokens and 10% will be allocated for strategic sales to raise the early investments and capital.  This 10% will be used for bootstrapping, equity, and support purposes. Another 4% is allocated for incentivizing the advisors; who are helping in the growth and sustainability of the Persistence network. 

For public sales and trading only 1% of the XPRT tokens will be available for initially incubated tokens. This 1% of the token will help facilitate the decentralization of the financing and the expansion of a large consumer base. 

The Takeaway

Persistence is a solid competitor for conquering the obstruction to DeFi being generally utilized by institutional customers, organizations, and endeavors. It does this by offering secrecy, covered up exchange records, and above all, being compliant with the rules, regulations, and laws. In these regards, Persistence can help blockchain move from a speculative stage to being utilized in reality, including conventional finance. By doing so, it unlocks a great opportunity for medium and small-scale enterprises businesses in the digital finance sphere through untapped liquidity; thereby making available great deals of opportunities within the crypto space. So far the Persistence network is clear and progressing towards its growth however, there are challenges of the DeFi and crypto spaces that are still needed to be addressed, and reservations of the individuals, as well as institutions, will take some time to be resolved.