What is XPRT

1. Project Introduction
Persistence is a decentralized, Tendermint-based Layer-1 blockchain designed to support DeFi applications that unlock the liquidity of staked assets. Its goal is to become a true liquidity staking hub, allowing developers to build innovative applications around liquid staked assets and providing seamless, capital-efficient staking and DeFi experiences for Proof-of-Stake (PoS) users. Persistence’s core chain, Core-1, supports the issuance and deployment of liquid staked assets through the pSTAKE platform, enabling users to earn staking rewards while participating in DeFi fundamentals like lending and liquidity provision for decentralized exchanges.
Summary: Persistence unlocks the liquidity of staked assets for PoS users through liquid staking and DeFi applications. Core-1 provides staking rewards while expanding the application scenarios of DeFi and Dapps.
2. Team & Investment Info
The founder and CEO of Persistence is Tushar Aggarwal, who previously served as a partner at Outlier Ventures. He has a background in management consulting within the financial services industry and is passionate about technology, entrepreneurship, investment, and tennis. Jeroen Develter is the Chief Operating Officer, previously a senior consultant at Sia Partners, and holds a degree from KU Leuven.
Funding:
In October 2020, Persistence completed a $3.7 million private sale round, with participation from Incrypt, IOSG Ventures, Arrington Capital, LuneX Ventures, GBV Capital, Spark Digital Capital, Moonrock Capital, Woodstock Fund, AU21, Amplifi Capital, Asymmetry Capital, and NGC Ventures.
3. Social Media URLs
X: https:/x.com/PersistenceOne
Telegram: https://t.me/persistenceone
Discord: https://discord.persistence.one/
Medium: https://medium.com/persistence-blog
4. Token Info
Token Symbol: XPRT
Total Supply: 213,371,711
Token Type: Osmosis
Issuance/Burn Mechanism: Fixed supply
Contract Address: ibc/A0CC0CF735BFB30E730C70019D4218A1244FF383503FF7579C9201AB93CA9293
Token Distribution:
Strategic Round/Validator Sale: 10%, unlocked over 15 months. 10% at TGE, 90% over the following 14 months.
Seed Round: 8%, unlocked over 12 months. 20% at TGE, 80% over the following 11 months.
Private Sale: 6%, unlocked over 9 months. 25% at TGE, 75% over the following 8 months.
Public Sale: 1%, fully unlocked at TGE.
Team: 16%, unlocked over 24 months, with a 12-month lock-up and 20% released quarterly from month 12 to month 24 (5 releases).
Advisors: 4%, unlocked over 24 months, with a 12-month lock-up and 20% released quarterly from month 12 to month 24 (5 releases).
Ecosystem Development: 19.4%, unlocked over 35 months.
Market/Community Growth: 25.6%, unlocked over 37 months.
Validator Incentives: 10%, unlocked over 43 months.
5. Related Links
Official Website: https://persistence.one/
GitHub: https://github.com/persistenceOne/?lang=en
White Paper: https://docs.persistence.one/participate/xprt/