AMA Recap Crypto Library with Persistence
On 11th October 2021, Persistence conducted an
AMA in the Crypto Library Community. Our guest is Madhur Satija. Lots of
questions as usual from the Community about Persistence progress. The Persistence team
took part in a very interesting AMA session which included
introductions, questions from twitter, and a live AMA session with the
Crypto Library community. If you missed the AMA in person, read this
recap for a deeper insight into Persistence.
Let’s take a look at the most interesting points of our conversation.
INTRODUCTION
Crypto Library Team : So, before we start the AMA could you please introduce yourself to our community?
Madhur Satija (Persistence) : I am Madhur Satija and take care of Marketing & Operations at Persistence. I joined the crypto world in mid 2017. I have more than 5 years of experience in Marketing, Growth Hacking and IT Solutions. In early days of my college I founded one of india’s leading Marketing Company
(BeepWeep - https://Beepweep.com)
I have actively worked with some of the highly recognised companies & Governments like DAMAC, Reliance, PWC & Australian Government. I have been also been invited to multiple events as motivational speaker along this journey.
I came across persistence in end of 2020 and really related to the vision and here we are now!
I have actively worked with some of the highly recognised companies & Governments like DAMAC, Reliance, PWC & Australian Government. I have been also been invited to multiple events as motivational speaker along this journey.
I came across persistence in end of 2020 and really related to the vision and here we are now!
FIRST SEGMENT (HOST)Crypto Library Team : What is Persistence? and how does it work?
Madhur Satija (Persistence) : Persistence is enabling exposure to multiple asset classes such as Liquid Staking (pSTAKE), NFTs (Asset Mantle) and Synthetics (Comdex). Persistence’s mission is to create an ecosystem of multi-chain Web3 products designed to stimulate global liquidity and enable seamless value exchange.
Persistence’s Core mainnet is a Proof-of-Stake chain powered by Tendermint BFT consensus engine. Persistence’s multi-chain tech stack (currently supporting Cosmos, Ethereum and other Tendermint-based chains) abstracts away the complexities for developers and enables them to create DEXs, marketplaces, lending / borrowing platforms etc.
Persistence is also working on developing inter-chain NFT and Metadata standards along with leading Proof-of-Stake networks/foundations. Being one of the pioneers in Proof-of-Stake industry, Persistence also supports upcoming PoS networks through it’s validator arm AUDIT.one.
So for the 2nd part of the question, it's better to send an infographic.
Here you go:
Persistence’s Core mainnet is a Proof-of-Stake chain powered by Tendermint BFT consensus engine. Persistence’s multi-chain tech stack (currently supporting Cosmos, Ethereum and other Tendermint-based chains) abstracts away the complexities for developers and enables them to create DEXs, marketplaces, lending / borrowing platforms etc.
Persistence is also working on developing inter-chain NFT and Metadata standards along with leading Proof-of-Stake networks/foundations. Being one of the pioneers in Proof-of-Stake industry, Persistence also supports upcoming PoS networks through it’s validator arm AUDIT.one.
So for the 2nd part of the question, it's better to send an infographic.
Here you go:
Moreover specially for Crypto Library members, i will releasing a form in the end of this AMA, where few of the members can get a chance to win $XPRT
Crypto Library Team : What are the special features and advantages does Persistence want to offer?
Madhur Satija (Persistence) : The greatest advantage for Persistence is the unique position of operating at the confluence of DeFi + PoS + NFT.
We have already built 4 products, namely:
pSTAKE - Liquid Staking solution targeting $600B PoS market with best returns and user experience for the PoS stakers, product already released
We have already built 4 products, namely:
pSTAKE - Liquid Staking solution targeting $600B PoS market with best returns and user experience for the PoS stakers, product already released
https://pstake.finance
Comdex - Decentralised Commodities Trading Protocol with more than $100 Million in Transaction volume and synthetics platform launching soon. Know more here:
Comdex - Decentralised Commodities Trading Protocol with more than $100 Million in Transaction volume and synthetics platform launching soon. Know more here:
AUDIT.one - Validator arm of Persistence.one with more than $300 Million worth of assets under delegation (biggest validator in South Asia)
Know more: https://audit.one
Asset Mantle - NFT Marketplace framework which will allow any user to spin up their own NFT marketplace - Shopify of NFTs
Some of the other advantages are:
Know more: https://audit.one
Asset Mantle - NFT Marketplace framework which will allow any user to spin up their own NFT marketplace - Shopify of NFTs
Some of the other advantages are:
- One of the best validator set and highest staking ratio (84%) in the entire industry
- Strong partnerships with leading crypto foundations, protocols, networks as well as large traditional institutions.
- Persistence is building all layers - network, SDK and application layer which cuts down any external dependencies
- The token utility rewards all the $XPRT holders from the cash flow from all the applications in the ecosystem
- Strong partnerships with leading crypto foundations, protocols, networks as well as large traditional institutions.
- Persistence is building all layers - network, SDK and application layer which cuts down any external dependencies
- The token utility rewards all the $XPRT holders from the cash flow from all the applications in the ecosystem
Crypto Library Team : Please tell us about $XPRT and $pStake token! What are the tokenomic, and how to join the presale?
Madhur Satija (Persistence) : So, $XPRT is already listed on some of the Leading Exchanges in the ecosystem,
Tokenomics for $XPRT
For $PSTAKE, we will be relasing the tokenomics and presale details in coming days. However the airdrop is live.
You can check the live status here:
https://airdrop.pstake.finance
More details will be published soon here:
Telegram: https://t.me/pstakefinance
Twitter: https://twitter.com/pStakeFinance
Crypto Library Team : Could you give us some information about your roadmap, your milestones, and also your future plans?
Madhur Satija (Persistence) : Currently our major focus is towards adding more utlity to $StkATOM holding. For example - $StkATOM Holders can earn HIGH Retroactive rewards when they provide Liquidity to $stkATOM-ETH pool on sushi
One of the major upcoming milestone is the $PSTAKE Token Launch. Once that it done we will focus on adding more networks in the pSTAKE application
You can try out our app here: