Why Persistence is the next-generation financial product?
SINCE you are reading this, it means you are a crypto enthusiast and investor that are thoroughly reading some of the project's goals and mission and how they will succeed. Do you participate in staking? if so, as an investor, you do really care about the future of the project and its APY%. But what if I tell you that there is one project that brings next-generation financial products for crypto lovers?
INTRODUCING: PERSISTENCE
Persistence is a new innovation that creates a unique interoperable protocol system that is built to facilitate the Improvisation of Decentralized Finance products to the next step through Blockchain technology, an Interoperable Protocol designed and introduced by Persistence to provide a new financial environment for Traditional Institutional Financial Applications to be able to use a Decentralized system. and make a gradual transition to be able to develop and operate the Financial technology offered by Persistence and ultimately provide a more effective infrastructure to bridge the realm of DeFi and traditional finance in various fields and also enable the creation of innovative solutions against crypto to expand the DeFi sector and implement NFT in its ecosystem. The Persistence System operates a new framework structure that combines DeFi, NFT, and Staking (PoS) in one sophisticated ecosystem.
The Persistence Chain Network is highly multi-functional and forms the basis of the new Open Finance dApps ecosystem facilitating entity matching for lenders & borrowers. The nature of the Persistence chain creates a new system with maximum speed and security and ensures privacy for its users or that has previously been agreed on business requirements. The Persistence Framework architecture allows dApps to operate separately and independently without being affected by the increase in transactions experienced by other dApps in the chain developed by Persistence and provides an experience for the needs of end-users or other parties. Persistence creates a unique new Chain that runs on the Tendermint consensus engine which is based on Byzantine Fault Tolerant (BFT) with a Proof-Of-Stake (PoS) System.
Persistence Ecosystem Main Benefit
The Ecosystem Protocol designed for persistence provides various features with each of its unique benefits, Users are spoiled with a unique system that is very useful based on Blockchain technology, Some of its unique features are;
PStake
PStake is a Blockchain technology-based application that allows various staking processes that allow to open up liquidity for the assets at stake, this allows shareholders to increase the yield of assets staked from different income streams.
Comdex
Comdex is a feature that becomes a solution for commodity trading based on Blockchain and makes various processes decentralized where this feature facilitates the end-to-end trading cycle including trade discovery, settlement and financing in the ecosystem more effectively through specially designed algorithms for decentralized commodity trading.
Audit.One
This one feature is the advantage offered in the Persistence Protocol, Audit.one is a unique solution that allows the Staking-as-a-Service concept for proof of ownership networks to be implemented into its protocol, Audit.one makes it easy for institutional asset managers who want to generate revenue from Staking-as-an-Asset more effectively.
NFT
Persistence Protocol designing an unique NFT Marketplace where it’s have an unique features that will be implemented in the near future. Persistence team making an robust Frameowork for NFT Marketplace that allows everyone to transact and collect unique NFTs in the protocol safe, cheap and fast
DeFi.
Not to forget the Persistence Protocol also implements Decentralized Finance (DeFi) in its ecosystem which allows various financial processes to be carried out more effective and transparent through an unique DeFi system based on Blockchain technology.
Native Persistence Protocol Coin
The Persistence Protocol will use a Native currency based on Blockchain technology, this Native currency is the XPRT Token. XPRT has various benefits and has an important role in the ecosystem. In addition to acting as an economic tool in the ecosystem, XPRT can also be used for Staking which provides income to its stakeholders and governance where various developments in the ecosystem will be determined by the community, especially the Holders. XPRT uses the Deflationary concept which reduces the inflation rate so as to maintain the token value. If you are interested you can read in more detail here; https://persistence.one/xprttoken
Blockchain Market Growth
Blockchain was first introduced about 11 years ago by the founder of Bitcoin, namely Satoshi Nakamoto, The last few years Blockchain has continued to develop with new, very unique innovations and various concepts that have been continuously improved from time to time, Blockchain technology has changed various basic aspects of life such as the one we know it now by introducing a new system that is sophisticated, transparent and of course more efficient, privacy is also an important thing offered by Blockchain technology and recently large entities have started implementing Blockchain technology in their ecosystem and of course, this will continue to grow every year. Protocol Persistence on the other hand is a new innovation that maximizes the potential of Blockchain by becoming a bridge to implement it in various aspects of life or business.
So overall, I'm confident that this project which is Persistence one will be the next generation of financial products!
Conclusion
Persistence Protocol is a new innovation that is very unique and interesting by presenting a new multi-functional ecosystem for various things, especially DeFi, Commodity Trading, NFT, Staking, etc. Various parties ranging from individuals can use a more secure infrastructure to develop and implement Blockchain to their Business Backend through the Persistence Protocol. In addition, the new Blockchain-based operating system facilitates various transaction processes. The Persistence Protocol is a very revolutionary and potential project and I hope you will be a part of it!
I think that’s enough for now, Don’t forget to follow & upvote for more content about potential new projects, I will provide some links related to the Persistence Protocol below. Thank you very much!
You can follow their social media accounts and be updated here :
Website — https://persistence.one/
Twitter — https://twitter.com/PersistenceOne
Telegram — https://t.me/PersistenceOneChat
Discord — https://discord.com/invite/SaBKpjbnhH
Reddit — https://www.reddit.com/r/PersistenceOne/
Youtube — https://www.youtube.com/channel/UC5wqI1ZRdkCjWWVOCQdhxLQ/featured
Medium — https://medium.com/persistence-blog
LinkedIn — https://www.linkedin.com/company/persistenceone/
You can also follow me at bitcointalk.org
https://bitcointalk.org/index.php?action=profile;u=1886308;sa=summary
Username: tanvirr322
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