Cosmos Ecosystem

AscendEX

Persistence is a decentralized Tendermint-based specialized Layer-1 blockchain powering an ecosystem of DeFi applications focused on unlocking the liquidity of staked assets.Persistence is on a mission to become a true liquid staking hub, offering a seamless and capital-efficient staking and DeFi experience for Proof-of-Stake (PoS) users, by enabling developers to build innovative applications around liquid staked assets.The Persistence Core-1 chain facilitates the issuance and deployment of liquid-staked stkASSETs via pSTAKE, allowing users to earn staking rewards while participating in DeFi primitives, such as borrowing &amp; lending, and liquidity provisioning on Decentralised Exchanges. Having enabled CosmWasm, the core-1 chain also facilitates the deployment of Dapps via Smart Contracts.

XPRT Tokenomics and Utility: Powering the Persistence Ecosystem

XPRT Token Sale To Launch on AscendEX

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Public Sale

Token Sale DetailsThe XPRT token sale will take place on&nbsp;<a href="https://bitmax.io/en/global-digital-asset-platform" rel="noopener noreferrer" target="_blank" style="color: inherit;">AscendEX</a>&nbsp;(formerly BitMax) on March 31st. The sale will take place in auction format, with 1,000,000 XPRT tokens (1% of the total supply) available in total.AscendEX will conduct two separate auctions on&nbsp;March 31 from 1:00 PM UTC to 2:00 PM UTC. A total of 1,000,000 XPRT tokens will be sold during the auctions, with 1000 participants.The 1,000,000 XPRT will be auctioned between a “Standard” auction with 750,000 XPRT (750 participants) and an “Uncapped” auction with 250,000 XPRT (250 participants).Read the full details of the token sale, including an explanation of the auction model and eligibility criteria, in AscendEX’s article here:&nbsp;<a href="https://bitmaxhelp.zendesk.com/hc/en-us/articles/1500004962562" rel="noopener noreferrer" target="_blank" style="color: inherit;">https://bitmaxhelp.zendesk.com/hc/en-us/articles/1500004962562</a>Initial ListingXPRT will then be listed on AscendEX via a XPRT/USDT trading pair following the below schedule:<ul><li>Deposit:&nbsp;March 31, 2:00 p.m. UTC</li><li>Trading:&nbsp;April 1, 1:00 p.m. UTC</li><li>Withdrawal:&nbsp;April 1, 1:00 p.m. UTC</li></ul>

Persistence

Persistence is an app chain for Liquid Staking powering an ecosystem
of DeFi applications focused on unlocking the liquidity of staked assets.

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