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Persistence was founded in Singapore in 2019, is a network of sovereign chains hosting Open Finance dApps (Exchanges & Marketplaces), which facilitate matching of entities with surplus capital (lenders) to entities that require capital (borrowers).
The Persistence main-chain is secured by a distributed set of Validators and the native Persistence token, $XPRT.
The Persistence Platform is designed to be business-friendly. As such, the expectation for the majority of the app-chains is to not have a token with any monetary value or be traded directly in open markets as cryptocurrencies. These app-chains however have distributed third-party validators who need to be rewarded and slashed depending on their performance. This (dis)incentivization takes place using the $XPRT token at the main-chain level. In order for the (dis)incentivization to take place using the $XPRT token, the Persistence main-chain tracks the block headers (through Interchain communication) of each app-chain to track pre-defined performance metrics.
Persistence announced a StakeDrop campaign on the following dPoS/nPoS networks: Cosmos Network, Terra, Kava Labs, IRISnet, Polkadot, Matic Network and Tezos.
Read the official announcement here.
Blockchain data provided by: ATOMScan (total supply)
Try our free Persistence (XPRT) portfolio tracker if you want to efficiently keep track of your XPRT and other coin/token investments.