Our Cosmos Network StakeDrop campaign is quickly gaining momentum, and now we gladly welcome Staking Rewards as a partner to accelerate our progress. The Persistence team is also proud to announce that we have allocated exclusive rewards of 20,000 XPRT tokens for the Staking Rewards community!
As Persistence will itself be a PoS network, we believe StakeDrop is an excellent way to introduce our project to several great staking communities in this space and to encourage the growth of a strong support base for Persistence. Therefore, we’ve allocated 1% of our total token supply to our StakeDrop campaigns. Networks on which StakeDrop campaigns will be held include Cosmos, Polkadot, Matic, Tezos, IRIS, Kava, and Terra.
Additional StakeDrop Rewards
As the leading data provider for staking, Staking Rewards is one of the best known platforms among staking communities. Our collaboration will enable Persistence to become more deeply integrated into the staking scene and will increase awareness of Persistence and our mission. Staking Rewards is also rapidly gaining popularity among new people interested in staking; their website has received 258,000 visitors in just the last 6 months.
Alongside our partnership with Staking Rewards comes additional rewards for our StakeDrop participants. We have allocated a pool of 20,000 $XPRT tokens that will be split among 1000 participants in our campaign with Staking Rewards, meaning each winning participant will be allocated 20 additional $XPRT tokens on top of their StakeDrop rewards total.
The additional rewards don’t stop there. Staking Rewards has recently launched their loyalty points program, and they have allocated additional points for all those who participate in our StakeDrop campaigns. Any participant who meets the criteria for our giveaway, and submits their ERC-20 address in the Staking Rewards dashboard, will receive 200 HEARTS (Staking Rewards loyalty points) on top of all the $XPRT tokens they’ll receive.
You can read more about HEARTS here.
How to Participate
Anyone who stakes at least $200 USD worth of tokens in any ofour StakeDrop campaigns (or a total of at least $200 USD across any combination of the StakeDrop campaigns) is eligible to participate in the 20,000 $XPRT giveaway. You simply need to input your ERC20 address which you used to register for the StakeDrop campaigns on the ‘My HEARTS’ section of your Staking Rewards dashboard (you will need to have/create an account on Staking Rewards to see your dashboard).
Keep in mind that this giveaway is capped at 1,000 participants. If more than 1000 people participate in the additional rewards campaign then the 1000 recipients of the additional XPRT rewards will be decided using a fair lottery system.
This tutorial covers how to send a Magic Transaction from your staking address, which will let us know which ERC-20 address you want your $XPRT rewards set to.
Any StakeDrop participant who meets the aforementioned eligibility criteria can win an additional 20 $XPRT tokens by simply registering the same ERC-20 wallet address on their Staking Rewards dashboard.
When Will I Receive My XPRT Rewards?
XPRT tokens allocated via the StakeDrop campaigns will be distributed over a period of 12 months following the token generation event (TGE). All tokens earned via StakeDrop have a six-month lockup period and will be linearly vested over the next six months.
About Staking Rewards
Staking Rewards is the leading data provider for staking, lending and ways to passively grow your crypto portfolio. Staking Rewards is currently tracking 151 yield-bearing assets with an average rewards rate of 22%, with 975 qualified providers.
About Persistence
Persistence is a Tendermint-based, specialised Layer-1 network powering an ecosystem of DeFi applications focused on unlocking the liquidity of staked assets.
Persistence facilitates the issuance and deployment of liquid-staked stkASSETs, allowing users to earn staking rewards while participating in DeFi primitives, such as lending/borrowing and liquidity provisioning on DEXs.
Persistence aims to offer a seamless staking and DeFi experience for PoS (Proof-of-Stake) users and enable developers to build innovative applications around stkASSETs.
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