XPRT

Overview of XPRT

Persistence One (XPRT) is a blockchain platform aimed at revolutionizing decentralized finance (DeFi) by merging traditional financial mechanisms with blockchain innovations like liquid staking and broad interoperability. It supports a robust ecosystem with over 15 DeFi partners, promoting dynamic financial innovation anchored on core values of humility, integrity, patience, and persistence. XPRT's attractive yields and significant Total Value Locked (TVL) reflect its strong market trust and stability.

On the other hand, Persistence One's reliance on partnerships for success could pose risks if these collaborations falter, potentially destabilizing its offerings. The platform's sophisticated technology may also deter new users due to its complexity. XPRT is supported by various crypto wallets and is actively traded on exchanges like HTX, Gate.io, and KuCoin.

Pros and Cons

Pons:

Strong Ecosystem with 15+ DeFi Partners:

Persistence One boasts a robust ecosystem supported by over 15 decentralized finance (DeFi) partners. This extensive network enhances the platform's capabilities and offers users a wide range of services and applications, fostering a dynamic and versatile environment for financial innovation.

Core Values: Humility, Integrity, Patience, Persistence:

The organization is grounded in core values that emphasize humility, integrity, patience, and persistence. These principles guide the team's operations and interactions, aiming to build trust and foster long-term relationships within the community and with stakeholders.

Offers Yields and Has Substantial Total Value Locked (TVL):

Persistence One provides attractive yield opportunities for its users, which can be a significant draw for investors looking for profitable engagements within the crypto space. Additionally, having a substantial amount of Total Value Locked (TVL) indicates strong user trust and platform stability, which are critical for the growth and sustainability of DeFi projects.

Cons:

Reliance on Continued Partner Collaboration:

While having numerous DeFi partners is advantageous, the platforms success heavily depends on maintaining these collaborations. Changes in partnerships or failure in collaboration could impact the offered services and overall ecosystem stability.

Complex Technology May Have a Steep Learning Curve:

The advanced technological framework of Persistence One, while powerful, might present a steep learning curve for new users or developers unfamiliar with such systems. This complexity could potentially hinder adoption rates among those who find it challenging to navigate or integrate with the platform.

Crypto Wallet

XPRT, the native token of the Persistence ecosystem, is supported by a variety of crypto wallets that cater to different user preferences for security, functionality, and convenience. The wallets currently supporting XPRT include:

Keplr: A browser extension wallet specifically designed for the Cosmos ecosystem, which includes support for XPRT.

Cosmostation: Another wallet tailored for Cosmos-based assets, offering both mobile and web versions for managing XPRT.

Ledger: A widely recognized hardware wallet that provides high security by storing XPRT offline. Integration with Ledger Live is also anticipated, which will enhance user experience by allowing management directly through Ledgers native application.

Leap: A newer wallet with a focus on providing a seamless user interface and robust security features for XPRT holders.

Coin98: A multi-chain wallet that supports numerous cryptocurrencies including XPRT, known for its ease of use and strong integration features.

CitadelOne: Offers a unique platform combining wallet functionality with additional features like staking and governance participation for XPRT tokens.

Frontier: Known for its ability to manage multiple cryptocurrency assets including XPRT, Frontier also integrates DeFi functionalities directly within the wallet.

What Makes XPRT Unique？

What makes XPRT unique is its integral role as the native staking token within the Persistence ecosystem, which aims to innovate beyond traditional DeFi use-cases. Launched in April 2021, XPRT is designed to not only secure the core infrastructure through staking but also to participate in governance, guiding the network's evolution . Its utility extends to modular apps and dApps within the ecosystem, such as pSTAKE and DEXter, leveraging the Core-1 chain infrastructure. Furthermore, XPRT stakers benefit from transaction fees generated on the chain, as the Core-1 chain acts as the Inter-Blockchain Communication (IBC) hub of the Persistence ecosystem, accruing fees from IBC transactions . The tokenomics of XPRT are structured to support long-term growth, with a total of 100 million tokens minted at genesis and a gradual release over 42 months, allocated to various sectors including marketing, ecosystem development, team incentives, seed and private sales, validator incentivization, strategic sales, advisors, and public sales . This approach ensures a strong, engaged participant ecosystem and positions XPRT as a multifaceted token with both utility and governance capabilities within its ecosystem.

How Does XPRT Work？

XPRT, the native staking token of the Persistence Core-1 chain, is designed to fuel the DeFi ecosystem and secure the network through staking . Its utility is derived from its role in the wider Persistence ecosystem, where modular apps like pSTAKE and dApps such as DEXter leverage the core-1 chain infrastructure, enhancing the use-cases for staked assets . XPRT stakers have the opportunity to participate in governance, influencing the direction of the network and contributing to the ecosystem's long-term success . The tokenomics of XPRT support long-term growth, with a focus on incentivizing staking to secure the chain and providing staking rewards that may also include a share of revenue from ecosystem dApps in the future . With the upcoming launch of liquid staked XPRT (stkXPRT), stakers will have the option to convert their staked tokens into a liquidity position on Dexter, the liquidity hub on Persistence, without needing to unstake, offering increased flexibility and potential for yield generation .

Exchanges to Buy XPRT

To buy XPRT tokens, you can use various cryptocurrency exchanges that list this digital asset. Some of the exchanges where XPRT is available for trading include KuCoin, gate.io, AscendEX, CoinEx, and HTX (Huobi). It's important to choose an exchange that suits your needs in terms of security, fees, and user experience. Always follow the exchange's instructions for account registration, KYC verification, and trading procedures to securely buy XPRT. Remember to store your tokens in a secure wallet after purchase for safekeeping, and consider using a wallet that supports the Persistence ecosystem for enhanced functionality .

How to Store XPRT？

To store XPRT tokens, the recommended wallet is the Persistence Wallet, which is designed to securely manage XPRT and facilitate staking to accrue rewards 。Additionally, the Keplr wallet can be used for both liquid and staked XPRT tokens migration from the old coin type 750 to the new 118 on the Persistence Core-1 chain 。Always ensure to keep your private keys secure and create a backup of your wallet to ensure the safety of your XPRT tokens. For added security, use a KeyStore file, which is an encrypted copy of your seed phrase with a password 。Remember, the support for the old 750 coin-type wallets is scheduled to be deprecated in December 2024, so it's important to migrate to the new coin type to maintain access to your tokens 。

Is It Safe？

The safety of XPRT, the native staking token of the Persistence Core-1 chain, is bolstered by its role in securing the network through staking and governance participation . XPRT stakers contribute to the network's security and have a say in its future direction. The token's utility is intertwined with the wider Persistence ecosystem, where modular apps and dApps are built to leverage the core-1 chain infrastructure, thus driving demand and use-cases for XPRT .

The Persistence Core-1 chain has been proactive in enhancing user experience and aligning with the broader Cosmos ecosystem by migrating from an independent 750 coin-type for XPRT to the standard 118 coin-type in Cosmos. This migration is crucial for Ledger users and for integrating XPRT into various wallets, chains, or dApps seamlessly . The process is designed to be user-friendly and supports the migration of both liquid and staked XPRT without the need to unbond tokens .

For storage, XPRT tokens can be securely held in wallets like Keplr and the Persistence Wallet (pWallet), with support for hardware wallets via the Cosmos Ledger app . These wallets also facilitate staking and governance actions, adding to the security and functionality of XPRT management .

How to Earn XPRT？

Earning XPRT can be achieved through staking, which is a core component of the Persistence One ecosystem . With 75.6% of the total XPRT supply staked, Persistence Core-1 maintains one of the highest staking ratios amongst PoS chains, indicating the popularity of this method for earning XPRT . Staking XPRT not only helps secure the network but also allows token holders to earn rewards and participate in governance . Governance participation is another way to earn XPRT, as it allows stakeholders to influence the direction of the network and contribute to its long-term success . Additionally, proposals have been passed to incentivize Dexter pools with XPRT and PSTAKE rewards, increasing participation and liquidity . Holders can also gain more utility as part of the BTC Interoperability Product, such as trading fee discounts, whitelisting intent solvers, and treasury management . It's important to stay informed about the latest developments and proposals within the Persistence ecosystem to maximize XPRT earning potential .

FAQs

Q: What is Persistence One's main function？

A: Persistence One enhances DeFi by integrating traditional financial principles with blockchain, focusing on liquid staking and interchain operability.

Q: How does Persistence One enable cross-chain functionality？

A: It uses the Inter-Blockchain Communication (IBC) protocol for seamless interactions across different blockchain networks.

Q: What unique features does XPRT offer in DeFi？

A: XPRT supports liquid staking and promotes Bitcoin's utility in DeFi, enhancing capital efficiency and broadening Bitcoin's use.

Q: Can XPRT holders participate in governance？

A: Yes, XPRT holders can influence the ecosystem's development through governance participation.

Q: Where can I buy XPRT？

A: XPRT is available on major exchanges like Binance, KuCoin, and Gate.io, with various cryptocurrency and stablecoin pairs.