Persistence (XPRT) is a multi-asset protocol focused on Liquid Staking (pSTAKE), NFTs (Asset Mantle), and Commodities (Comdex). It aims to stimulate global liquidity and enable seamless value exchange through its ecosystem products, including a decentralized exchange, NFT marketplaces, and lending/borrowing platforms. The project operates on a Proof-of-Stake (PoS) core mainnet chain powered by the Tendermint BFT consensus engine and supports multiple chains, including Cosmos, Ethereum, and other Tendermint-based chains.
The Persistence (XPRT) token is the native cryptocurrency of the Persistence ecosystem, which is designed to bridge the gap between traditional institutional finance and decentralized finance (DeFi). XPRT plays a multi-faceted role in the Persistence universe, serving several key purposes:
Security and Governance: XPRT is used to incentivize validators through staking rewards, ensuring the integrity and security of the network. This process creates a trusted environment where transactions are secure and contribute to the overall robustness of the blockchain. XPRT holders also have a direct say in pivotal decisions, such as protocol upgrades and feature implementations, shaping the ecosystem's trajectory.
Transaction Fees: XPRT acts as the medium for transaction fees, facilitating smooth access to various services and functionalities within the ecosystem. This role is crucial in maintaining an efficient and user-friendly environment, where each XPRT transaction furthers seamless interaction and access across the Persistence chain.
Liquid Staking and Interoperability: XPRT is used for liquid staking, allowing users to stake their assets while maintaining liquidity. It also serves as a unifying force, transforming the Core-1 chain into the Inter-Blockchain Communication (IBC) hub of the Persistence Ecosystem, enabling interoperability and utility across different assets and applications.
- Incentivization and Traction: XPRT is used as an incentivization tool, encouraging participation and contribution across various decentralized applications (dApps) within the ecosystem. This incentivization fosters a vibrant community where each contribution is valued and propelled forward, driving growth and sustained engagement within the ecosystem.
In summary, XPRT is the linchpin of the Persistence Ecosystem, interlacing governance, incentivization, security, and accessibility. Its utility is amplified through its integration with modular apps like pSTAKE and dApps built using smart contracts, such as Dexter, creating a harmonious symphony of interoperability and utility.
To store Persistence (XPRT) tokens, you have several wallet options:
Persistence Native Wallet: You can use the Persistence native wallet to store and stake your XPRT tokens. This wallet is available for desktop use and provides a user-friendly interface for managing your tokens.
Cosmostation Wallet: For mobile users, Cosmostation is a secure option to store and stake XPRT tokens. You can set up a Cosmostation wallet and use it to manage your tokens.
Keplr Wallet: Another option is the Keplr wallet, which can be used in conjunction with the Persistence web wallet. To use Keplr, you need to import your existing wallet and select "Use Keplr" to manage your XPRT tokens.
- Hardware Wallets: For added security, you can use hardware wallets like Trezor or Ledger. These wallets provide offline storage and can be integrated with the Persistence ecosystem for staking and managing your XPRT tokens.
Regardless of the wallet you choose, make sure to follow the specific setup and migration guides to ensure a smooth experience, especially considering the recent changes in XPRT token types.
To buy Persistence (XPRT) tokens, follow these steps:
Choose an Exchange: Select a reputable cryptocurrency exchange that offers Persistence (XPRT) trading. Some popular options include:
- AscendEX: Known for its fast, simple, and secure trading experience with a 1-Click Convert function.
- KuCoin: Offers competitive fees and trading costs, with a wide range of cryptocurrencies available.
- HTX: A large digital asset exchange with an accumulated trading volume of $1 trillion, but note that it does not accept USA or Canadian residents.
- Kriptomat: Trusted by over 400,000 users across Europe, offering easy and secure purchases with credit/debit cards or bank deposits.
- Pionex: Provides multiple ways to buy XPRT, including credit/debit cards, bank wire, and ACH transfer, with competitive rates and trading fees.
Create an Account: Sign up for an account on the chosen exchange. This typically involves:
- Verification: Verify your email address and identity.
- KYC (Know Your Customer): Complete the required KYC process to ensure compliance with regulatory policies.
Make a Deposit: Add funds to your account using the available payment methods:
- Credit/Debit Card: Instant deposits.
- Bank Transfer: Wire transfer or ACH transfer (for US citizens on Pionex).
- Cryptocurrency: Deposit other cryptocurrencies to exchange for XPRT.
Buy Persistence (XPRT): Use your deposited funds to purchase XPRT tokens. This can be done through the exchange's trading interface or, in some cases, with a 1-Click Convert function.
Store Your XPRT: Once purchased, store your XPRT tokens securely in your exchange wallet or transfer them to a personal wallet for long-term holding.
Remember to always follow the specific instructions and guidelines provided by the chosen exchange, and ensure you understand the fees and risks associated with buying and holding cryptocurrencies.
