The internet of blockchains (Cosmos) came into being in 2019 with its utility token $ATOM which has zoomed to about 1,200% in less than 3 years, even with the crypto weakness in price action at the moment, $ATOM hit $43.5 with an attempt to break previous highs to activate the new peaks.
In case you are new to Cosmos Network, it's known for its functionality to connect blockchains to reduce the complexity of the blockchain technology which provides a seamless environment for developers. The interoperability function is one of the main terms to be considered when trying to get new investors into the space and this is what the Cosmos ecosystem has been able to achieve within a short period of its existence in the space.
With a flash, let's see through how Persistence started.
The experience people have recorded when transacting from one country to another in terms of delay, cost, and other factors brought in a decentralized system that cut off third parties transactions for easy, fast and low cost in transaction fees. Persistence has been one of Cosmos ecosystems since 2019 to facilitate a seamless exchange of value around the world to increase the speed and efficiency of cross-border trade and financing to close the 1.6 Trillion financing gap. According to its mission statement on the WP.
It is certain, a project with this mission statement must be able to release multiple ways/products that will serve as solutions to the global financial problems in terms of transactions.
The year 2021, was amazing in the camp of Persistence has the launch of its mainnet, activated multiple streams of generating passive income which connects to different blockchains since Persistence is known as an interoperable protocol built on Cosmos Network. We can't miss the utility token for the protocol $XPRT, knowing that every blockchain is been fueled by the protocol token.
$XPRT serves three functions which are:
These three roles command rewards as the holders ($XPRT) understand its importance and apply it accordingly. Read more about This
As decentralized finance is a solution that allows users to take advantage of lower transaction rates, and also an opportunity to diversify investments, pStake Finance built on Persistence protocol connect with the user on Ethereum blockchain to unlock their liquidity and activate dual rewards passively. November/December usher in $PSTAKE token for the DApp which was launched on CoinList, expect the listing on the exchange soon.....
Persistence SDK is what Comdex, the synthetic protocol uses to democratize finance and bridge DeFi and CeFi.
As NFTs is booming, not too sure I'm aware of any on Cosmos network but Asset Mantle a product under Persistence is making its recent public debut alongside the launch of its testnet and already welcoming creators to submit their stores and NFT Collections. Apply here and check the Website.
Things To Take Note
