Community Newsletter #4 — January 2021

Persistence liquid staking

2020 was a monumental year for Persistence. Now that 2021 is in our wake, we’ve already hit the ground running as we enter into the next exciting chapter in the journey of Persistence.

In January alone, we’ve launched our fourth StakeDrop on Matic Network along with the guides and tutorials token holders need to capitalize on the opportunity to earn XPRT. We’ve also announced several collaborations with leaders in the crypto space, released an array of educational content, and completed several AMAs to continue spreading the word of Persistence’s mission and those of our ecosystem partners.

More and more partnerships are beginning to form via our AUDIT.one validator arm to propel the global blockchain ecosystem forward. We also virtually attended several industry events and community outreach sessions, and have witnessed the continuation of the exponential growth of our community.

For insights into our progress on our mission to usher in the next generation of blockchain-powered financial products, we invite you to read our community newsletter covering all areas of our activities in January.

Major Highlights

Celebrating Persistence’s One Year Anniversary 🦾

Jan 4: The first week of January marked the one year anniversary of Persistence entering the public light. The journey has been no less than thrilling and we’ve barely got buckled in and put the vehicle in gear. The past year was fantastic, and embarking on this year things couldn’t look more promising.

We’ve crossed many milestones in team BUIDLing, research and development, community growth, networking and more. Everything looks primed for success.

In the week that followed this announcement, we held some exciting events to commemorate our anniversary, including community outreach and a Pop Quiz. It pays to follow our social channels!

Thanks so much for your support. Together we are Persistence!

Our Journey Toward a New Financial Paradigm: The Story of Persistence so Far 📈

Jan 8: Persistence is building the infrastructure to effectively bridge the realms of traditional finance and DeFi in a variety of areas. We’re well on the way to helping to usher in the new financial paradigm.

Some of the many highlights of our journey so far include:

♦️ Onboarding some of the world’s top validators

♦️ Raising $3.7M in our fundraising rounds

♦️ Launching our StakeDrop campaigns

🌐 Learn about our journey.

With our public sale & TGE around the corner and innovation in the Persistence ecosystem accelerating, 2021 will be monumental!

Thank you for pioneering new frontiers with us as we BUIDL Persistence! Strap in for a very exciting year ahead!

Our $50,000 Matic Network StakeDrop is Now Live! 🙌

Jan 20: $50,000 worth of XPRT token rewards began to be allocated to participants of our Matic Network StakeDrop on January 20th. The 200,000 XPRT rewards pool is being allocated linearly over the 45-day Matic StakeDrop campaign.

The Matic Network StakeDrop began with a bang! From day 1, more than 270 participants were already staking over 135M MATIC in the StakeDrop, valued at over $4.6M at the time.

If you’re a MATIC holder and you’re not currently participating in StakeDrop then you’re missing out XPRT rewards! Don’t worry, you can register your participation at any point during the campaign, but the sooner you do, the more rewards you’ll secure!

Register your participation simply by staking your MATIC with any validator on the network and sending your Magic TX.

🌐 Read our written tutorial or view our video tutorial for more information.

Even now, the Matic StakeDrop campaign has still barely begun. Follow us to stay up to date on progress updates and more opportunities to earn further rewards!

StakeDrop Updates

Terra StakeDrop 16 Day Stats 🚀

Jan 5: Our Terra StakeDrop continued to gain momentum as we approached our final week of the campaign, with over $7,500 worth of XPRT still to be distributed at the time.

Over 21 million LUNA tokens were staked in our Terra StakeDrop campaign with one week to go, with a market valuation of $15 million! Participants were earning not only XPRT alongside LUNA staking rewards, but also MIR and KRT.

16 Day Statistics:

♦️ Total LUNA staked: 21,319,879

♦️ LUNA staked with AUDIT.one: 3,574,948

♦️ Total number of delegators: 350+

♦️ Total tokens allocated: ~70K XPRT

♦️ Total left in the campaign: ~30K XPRT

Thank you to everyone who participated in our Kava StakeDrop to help secure the Kava network whilst earning XPRT rewards. The interest shown by the community was incredible!

All KAVA from Persistence’s Kava StakeDrop Have Been Returned💫

Jan 6: Persistence would like to express our deep appreciation to all participants of the Kava StakeDrop.

Now that the campaign’s come to a close we’d like to notify you that your 0.001 KAVA used for the Magic TX has been sent back to your wallet. Thank you for helping us secure the Kava network!

Matic StakeDrop Tutorial: How MATIC Holders Can Participate in StakeDrop to Secure a Share of $50,000 worth of XPRT 🙌

Jan 17: The steps to earn XPRT during Persistence’s 45-day Matic Network StakeDrop campaign are super simple:

1️⃣ Stake your MATIC tokens

2️⃣ Send the Magic Transaction

3️⃣ Begin earning XPRT!

MATIC holders can stake their MATIC tokens and send their Magic Transaction of 0 MATIC today to participate. The address to send the Magic Transaction to will be found on the Matic StakeDrop page of our website.

Not staking your MATIC yet? No worries! There’s still time to get involved to start earning 27% APR via Matic Staking in addition to XPRT rewards during the StakeDrop.

Full Matic StakeDrop tutorial: link

Remember, if you stake with our AUDIT.one validator, you’re eligible for extra StakeDrop rewards!

🌐 You can find AUDIT.one in the validator list on Matic’s Staking Dashboard. Click the ‘Delegate’ button to delegate your MATIC to us.

Video Tutorials: How to Participate in our $50,000 Matic Network StakeDrop Using the Matic Web Wallet or Frontier Mobile Wallet💎

Jan 20: Although participating in our Matic StakeDrop is super simple, there are some differences to previous StakeDrop campaigns and some specifics to keep in mind when sending your Magic TX. We’ve therefore released easy-to-follow video tutorials to guide you through the process.

Matic Web Wallet:

Frontier Mobile Wallet:

Frontier is an advanced crypto wallet app which combines all of your wallets into one integrated interface. MATIC holders can stake tokens seamlessly via mobile from any of their wallets, including Trust Wallet, Coinbase Wallet, MetaMask, imToken and Fortmatic, in a completely non-custodial manner using Frontier.

5-Day Matic StakeDrop Statistics🦾

Jan 25: Just 5 days into our Matic StakeDrop campaign, more than 215 million MATIC tokens were staked by participants, with a market valuation of over $7.4M!

5 Day Stats:

♦️ Total MATIC staked: 215,786,227 MATIC

♦️ MATIC staked with AUDIT.one: 86,740,210 MATIC

♦️ Total number of delegators: 353

♦️ Total tokens allocated: ~18,000

♦️ Total left in the campaign: ~182,000

Our validator, AUDIT.one, is now the biggest third-party validator on Matic Network (aside from Foundation nodes), with over 91 million MATIC delegated to AUDIT.one!

We’ve been so encouraged to see this level of interest in our Matic StakeDrop and want to send out a big thank you to everyone involved!

All LUNA from Persistence’s Terra StakeDrop Have Been Returned💫

Jan 28: We’d like to say a huge thank you to all participants of the Terra StakeDrop!

The 0.001 LUNA used for the Magic TX has been sent back to the wallets of each participant. Thank you for helping us secure the Terra network!

Collaborations & Blockchain Ecosystem Contributions

Joining the First Ever Cosmos DeFi & SDK Demo Day 🪐

Jan 13: We joined other prominent projects within the Cosmos ecosystem and explored the innovation happening on Cosmos via a series of presentations. Topics under the spotlight included: DeFi projects on Cosmos, Cosmos’ Stargate upgrades, and Interchain Foundation grantees.

Our CEO, Tushar Aggarwal, delved into the Persistence SDK, built on top of the Cosmos SDK, and how it is providing the infrastructure to create next-generation financial products bringing real-world use cases to blockchain.

🌐 Don’t miss your chance to gain some deeper insights into Persistence! You may have missed the livestream, but don’t miss the replay!

Persistence is Ushering in a New Era of Interchain NFTs: Progress Report 📈

Jan15: NFTs are taking the blockchain space by storm. The disruptive value of these unique digital assets is becoming clearer as more use cases continue to be identified. NFTs represent the future of gaming, art and even real-world asset ownership. Interchain NFTs are the next phase of the evolution of non-fungible tokens.

Persistence has been spearheading the InterNFT Working Group, alongside the Interchain Foundation and ixo, since September of 2020. Our mission is to make NFTs interoperable across blockchain networks and to enable ownership, control and rights management of NFT metadata and linked resources, regardless of where these are located.

We’ve made tremendous headway on our journey so far, and we expect to formalise draft Interchain standards by the end of Q1 2021.

🌐 Read the full InterNFT progress report here.

Community Outreach & Education

Did You Know Persistence has Achieved a Huge Amount in 2020? 🚀

Jan 5: A few of the highlights of our achievements in 2020 include:

🛠 We began facilitating the open collaboration of the interNFT working group, along with the Interchain Foundation and ixo.

⚙️ We onboarded some of the industry’s top-tier validators from across the world to our validator set.

📈 Our first three StakeDrop campaigns have attracted over 2,000 unique addresses from stakers staking a cumulative total of over $250 million in assets.

👥 Our community has grown to over 30,000 supporters across all platforms.

🦾 Another feat was the launch of our validator, AUDIT.one, where we now have $50 million worth of assets under management.

Sharing our Exciting Plans for 2021 Alongside Other Cosmos Innovators 🤝

Jan 11: Thanks to SnapFingers for hosting an awesome AMA giving us the chance to teach the wider community more about Persistence’s mission and exciting plans for 2021.

We also thoroughly enjoyed diving into the possibilities unlocked by Cosmos’ IBC module with Band Protocol and Sifchain.

Did You Know Persistence’s Validator Arm, AUDIT.one, is a Member of the Matic Network Advisory Board? ⛓️

Jan 14: To accelerate progress towards further decentralization, Matic formed the Matic Network Validator Advisory Board. The validator arm of Persistence, AUDIT.one, was one of nine validators chosen to participate!

The Matic Network Validator Advisory Board has been established to ensure the security and continual advancement of Matic’s mainnet through validator engagement, and close collaboration to ensure all upgrades and updates on the network are carefully discussed before being rolled out to the network.

🌐 Learn more here.

Creating Sustainable Income in the Crypto Space by Tapping into Untapped Liquidity 📈

Jan 18: To understand how Persistence is pioneering a new paradigm in finance, it helps to reverse engineer our solutions starting with the problems we’re solving.

With real-world use cases and new standards for interoperable NFTs, Persistence is developing our suite of new-age financial products focused on three factors:

1️⃣ Accessibility — Bringing physical commodities on-chain as NFTs.

2️⃣ Liquidity — Opening up untapped liquidity in the crypto space for MSME businesses.

3️⃣ Sustainability — Bringing crypto beyond speculation with real-world use cases and a “work-token” that becomes the foundation for sustainable income.

🌐 Original source.

Persistence is building a bridge between TradFi and DeFi. Once ready, everyone will want to cross it.

Did You Know Persistence is Making History? 🦾

Jan 20: Did you know Persistence’s XPRT ‘work-token’ will provide delegators & validators with a sustainable income?

🏪 This is possible as XPRT accrues value from real-world transactions taking place across the Persistence ecosystem.

💳 dApps on Persistence conduct business and fees trickle down to the mainchain, bringing additional value for the XPRT token holder- in direct correlation to real-world value being processed & exchanged.

🥧 Only a conservative market share percentage is required to make this successful.

🚂 Persistence is already half-way there, steamrolling our way up this mountain, with double-digit millions in transaction volume already taking place.

🌊 This ecosystem will open up pools of liquidity for small-medium sized businesses which don’t have privileged insider access to the kinds of loans elite one-percenters do.

🌏 By abstracting away the UX complexities of using crypto, tokenization of debts and paper-assets can be conducted frictionlessly and these will be tradable as interchain NFTs.

🕰 Previously inaccessible assets in trade finance markets will be readily tradable for all industry players, around-the-world, around-the-clock, for the first time in history!

🧗‍♂️ Persistence.one is making history.

How Persistence is Introducing Trade Finance as an Asset Class to Crypto Traders 🚢

Jan 22: Our CEO, Tushar Aggarwal, was recently interviewed by Layah Heilpern of Altcoin Buzz!

Tushar explains a couple of real world examples illustrating how Persistence will open up liquidity for crypto traders with real world assets in trade finance.

On the flipside, Persistence will also provide the means for industrial players to establish stable income streams by using staking as an asset class.

Discover how crypto-tech can facilitate instant settlements in TradFi (without end-users ever knowing they’re using crypto-tech) & how TradFi can open up new markets for crypto hedge funds and everyday traders.

🌐 Dig deeper with the full interview.

Connecting with the Matic Network Community for an Insightful AMA 🙋‍♂️

Jan 25: Our CEO & Co-founder, Tushar Aggarwal, and our Strategy and Community Lead, Abhitej Singh, discussed our ongoing $50,000 StakeDrop for MATIC stakers and how Persistence is building a suite of next-gen financial products.

$100 in rewards was split between the 10 audience members who asked the best questions. It sure pays to join our AMAs live!

Welcoming our Ecosystem Partner Terra for an AMA! 🤝

Jan 25: We invited Jeff Kuan and Aayush Gupta from the Terra team for an insightful AMA, during which we discussed Terra’s ambitious blockchain network and LUNA token, and the synergies between Terra and Persistence.

Terra is an innovative blockchain network supported by a family of fiat-pegged stablecoins and backed by a native staking and governance token, LUNA.

Persistence and Terra are both members of the Cosmos ecosystem and understand the value of collaboration for fueling innovation. As fellow DeFi innovators, we share strong synergies on an application level. In addition, Terra’s suite of stablecoins will be used in Persistence’s ecosystem products.

Thank you to everyone who joined us to learn more about Terra and our collaborative efforts!

Community Updates

Calling all Chinese Community Members: Join our Dedicated Chinese Community on WeChat!

Jan 11: In the past year our community has surged from a handful of community members to over 30,000 supporters across various platforms. This exponential growth is continuing at a staggering rate. We are therefore establishing local communities to cater for different geographical regions.

We now have a burgeoning Chinese community on WeChat, which already has 500+ members!

📲 If you would like to join us, please scan the QR code in the image above to send a request to our Strategy and Community Lead, Abhitej Singh, and he will add you to the group.

We are committed to spreading awareness of Persistence and our mission to facilitate next-gen financial products worldwide. Stay tuned for more regional communities to come!

Announcing our Dedicated Vietnamese Community

Jan 19: Amid the rapid growth of our supporter base, we’re establishing local communities to cater for different geographical regions.

We recently established a Vietnamese community on Telegram, which is already over 900 members strong!

Vietnam is home to a rapidly growing crypto community and a developing blockchain industry. We’re excited to spread the word of Persistence’s mission to the Vietnamese crypto community!

🌐 Join our Vietnamese community and help to further the conversation about Persistence in your region: https://t.me/PersistenceOneVietnam

We’ve also established a Vietnamese announcements channel to keep our Vietnamese community updated on our developments. Join here.

Wishing Everyone a Very Happy Republic Day!

Jan 26: Republic Day 2021 marked the 72nd anniversary of the Constitution of India coming into effect in 1950. On this special day, we made a promise that we will do all we can to preserve and enrich India’s glorious heritage.

India is quickly becoming a leading hub of blockchain innovation, and we’re honored to be playing a prominent role in accelerating India’s decentralized movement.

Be proud that you live in a country that has such a rich heritage and history, and look forward to our decentralized future!

Jai Hind!

Media Coverage

Our StakeDrop Campaigns Are Attracting the Attention of the Wider Crypto Community 🔥

Jan 7: The wider community is quickly becoming increasingly aware of Persistence via our StakeDrop campaigns. Multiple news sources have covered our StakeDrops recently as more eyeballs are being drawn to our innovative token distribution mechanism.

YouTube channel Investment Theory published a video giving step-by-step instructions on how to participate in our now concluded Terra StakeDrop.

Cryptocurrency and blockchain news website CoinCurb also recently published an article outlining the key details of our Terra campaign.

We appreciate the coverage! It’s excellent to see our StakeDrop capturing the attention of the wider crypto community!

Matic StakeDrop Coverage by ICO Analytics 💎

Jan 12: ICO Analytics released a post covering the launch of our $50,000 Matic StakeDrop campaign to alert the wider community of the opportunity to participate and earn some XPRT simply for helping to secure the Matic network.

Persistence Ranked Among the 10 Most Anticipated Proof-of-Stake Networks 🦾

Jan 15: Persistence was listed by ICO Analytics as one of the 10 most anticipated Proof of Stake networks based on the number of independent staking providers ready to support the launch. The data is from the publicly available lists on staking providers websites. 50 staking providers were analyzed. PoS networks with not yet tradable coins were analyzed.

Persistence was Featured in Interchain Foundation’s Most Recent Update! 👀

Jan 15: Interchain Foundation supports the development of open-source decentralized networks. They release regular updates on their progress and that of ICF grantees and the Cosmos ecosystem as a whole. Their ninth edition was recently published and features Persistence multiple times.

🎤 Citizen Cosmos podcast with Tushar Aggarwal

ICF grantee Citizen Cosmos is a podcast focusing on the masterminds behind the Cosmos blockchain ecosystem. In a recent podcast they interviewed our CEO, Tushar Aggarwal, regarding Persistence and how we’re enabling institutional DeFi.

Listen to the podcast here.

🪐 UniFi DAO Demo Day

UniFi DAO recently hosted a Demo Day to showcase some of the most exciting projects launching in the Cosmos ecosystem, including Persistence.

Watch our Demo Day presentation here.

Read Interchain Foundation’s full update for more details on the above and much, much more.

Persistence is a proud contributor to the Cosmos ecosystem and to the interoperability movement in general, and we greatly appreciate Interchain Foundation’s efforts in helping to usher in the scalable, secure, decentralized future.

Top 7 ICO Listed our Matic StakeDrop as a Top Event of January 🔥

Jan 18: The blockchain space is incredibly thrilling and active right now. Among all the excitement of the wider industry, Top 7 ICO listed the launch of our Matic StakeDrop campaign as one of their top-7 upcoming events of the week beginning January 17th.

Matic StakeDrop Coverage by CryptoDiffer 📈

Jan 20: CryptoDiffer also covered our ongoing Matic StakeDrop campaign! StakeDrop has received a lot of attention from the wider crypto community.

A total of 200,000 of Persistence’s XPRT tokens (worth $50,000 at the most recent valuation), are allocated for distribution to MATIC stakers during the campaign. Every MATIC staker is eligible to earn up to 5,000 XPRT tokens, simply by staking on Matic Network with any validator and sending a Magic Transaction to confirm participation!

🌐 For more information, please visit our blog.

Closing Thoughts

We’d once again like to thank everyone for beginning this New Year with us and continuing to support us on our journey. We are truly grateful to have you as a part of our community! Big things are in store for the rest of 2021!

Persistence is not just a protocol powering a whole shebang of next-gen financial products. Persistence is every person in our community.

2020 was a tough year for many. Yet, since it didn’t kill us, we know it made us stronger. We aim to focus our strength, resiliency, and persistence to keep reaching new heights!

It’s a pleasure to have you aboard as we enter the next chapter in the exciting journey of Persistence.

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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