persistence will build a product financial protocol that will be the next gen for defi products in the future it will have many benefits that will solve some of the problems that often occur in the defi sector and persistence will also be a facility for the manufacture of next generation financial products. This will be an ecosystem in the sector of financial services and products that will be integrated with a smart contract system Some of the problems that often occur in the conventional financial sector are the number of licenses that are complicated, require a lot of time and effort and management is less professional, causing many users to be disadvantaged the need for a solution like this is clearly needed, and again, the amount of capital that is not small means that many financial institutions are not affordable for the middle to lower class
Persistence provides a platform to empower debt markets that match entities so that both parties can equally benefit, and below I will try to review some of the solutions and benefits that persistence offers
persistence will focus on building several products including
Decentralized Finance (DeFi)
Enabling users to interact with both traditional and digital assets in an open and global context.
Non-Fungible Tokens (NFTs)
Making real-world and digital assets, such as invoices, collectibles and art, more accessible.
Proof-of-Stake (PoS)
Creating products to generate opportunities and address challenges around the novel PoS consensus mechanism in a multi-chain environment.
and some of the features that will be developed in persistence platform
COMDEX
Comdex is a trade-tech platform with a suite of products designed to tackle some of the industry's major challenges.
which will also have many advantages and become an exchange platform that competes with existing platforms
You can visit this link to see more details about comdex https://comdex.sg/
AUDIT .ONE
this will be the platform validator for Delegated Proof-of-Stake Networks
and for more details you can visit this link : https://audit.one/
PSTAKE
this is platform for add liquidity and staking
ASSET MANTLE
it will be a platform for the exchange and storage of NFT assets
PLAND
for debt financing
Technology
Persistence is an interoperable protocol that provides sovereign environments for decentralised/institutional finance applications to be developed and operated.
SOME OF THE ECOSYSTEMS THAT SUPPORT THE PERSISTENCE PROJECT
VALIDATOR
this will be the validator network. The Persistence network is secured by leading PoS validators running an institutional level architecture, geographically distributed around the world
interNFT
interNFT is a working group consisting of the leading interoperable projects and protocols building inter-chain standards for non-fungible tokens (NFTs) and NFT Metadata. This open collaboration was initiated by the Interchain Foundation and is being facilitated by Persistence together with ixo.
STAKEDROPA
community-focused initiative designed to facilitate the wide distribution of XPRT tokens among PoS token holders familiar with staking, thus accelerating the decentralisation of the Persistence mainnet once live. 1% of the total XPRT token supply has been allocated for distribution via StakeDrop.
XPRT Token
The XPRT token is primarily a governance token for the Persistence chain. Once the Persistence mainnet is launched, token holders will be able to stake XPRT tokens to passively earn more XPRT. XPRT token also plays the role of a ‘work token’, allowing the stakers to produce cash flows in correlation with the transaction volume generated by dApps in the Persistence ecosystem.
AUTHOR : romeo senja
MORE DETAILS
WEBSITE : https://persistence.one/
TWITTER : https://twitter.com/PersistenceOne
TELEGRAM GROUP : https://t.me/PersistenceOneChat
TELEGRAM CHANNEL : https://t.me/PersistenceOne
DISCORD : https://discord.gg/SaBKpjbnhH
MEDIUM : https://medium.com/persistence-blog
AUTHOR : romeo senja
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