What is Persistence?
Persistence (XPRT) is a revolutionary open DeFi blockchain platform that aims to make cross-border trading and financing easy and efficient. The platform seeks to empower the debt marketplaces by connecting borrowers with surplus capital lenders and helping small businesses obtain loans.
One of the key features of Persistence is its business-specific app chains, which allow security dApps to focus on the specific needs of customers and the financial community. This approach is intended to create a transparent marketplace that is tailored to meet the unique needs of different industries.
To further this goal, Persistence has developed a powerful software development kit (SDK) that can be used to conduct KYC checks on organizations, facilitate trade settlements, and convert real-world assets such as bills of lading and letters of credit into cryptos. This SDK is designed to help establish a transparent and accountable marketplace that is accessible to all.
The governance token for Persistence is XPRT. This token is intended to be used to establish on-chain governance and facilitate easy exchange. On-chain governance refers to the system of managing and implementing significant changes in the blockchains. XPRT tokens were distributed through the StakeDrop initiative, which was designed to distribute tokens to stakers.
Persistence was established in the second quarter of 2019, and is led by CEO and co-founder Tushar Aggarwal and CTO and co-founder Deepanshu Tripathi. Both Tushar and Deepanshu have extensive experience in the financial industry and have been working on Persistence to make cross-border trading and financing easy and efficient for everyone.
Persistence is an open DeFi blockchain platform that aims to revolutionize cross-border trading and financing. The platform is designed to be easy and efficient, making it accessible to small businesses and individuals who want to borrow money. Persistence uses a unique matching system that connects borrowers with surplus capital lenders, creating a transparent marketplace for all.
The platform also focuses on empowering debt marketplaces and offers a range of solutions to help businesses navigate the complex world of financing. In addition, Persistence has developed a software development kit (SDK) that can be used for various purposes, such as performing a KYC of organizations, trade settlement, and financing. The SDK also allows the conversion of real-world assets, such as bill of lading and letter of credit, into cryptos.
To establish transparency and decentralization, Persistence has a governance token called XPRT. The XPRT token is used to establish on-chain governance and easy exchange. On-chain governance refers to the system of managing and implementing significant changes in the blockchains. The XPRT token was distributed through the StakeDrop initiative, where tokens were distributed to stakers.
Persistence was founded in the second quarter of 2019 by Tushar Aggarwal as CEO and Deepanshu Tripathi as CTO. The team behind Persistence is constantly working on new solutions and features to improve the platform and make cross-border trading and financing more accessible to everyone. With a focus on security, transparency and decentralization, Persistence is poised to become the go-to platform for businesses and individuals looking to expand their financial horizons.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
Stay ahead of the competition by accessing high-quality data, advanced tools, and expert research.Try for Free