What is Persistence (XPRT)

The Persistence mission is to facilitate 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.

Persistence provides a platform to power Debt Marketplaces that match entities with surplus capital (lenders) to entities that require capital (borrowers).

To achieve this, Persistence leverages few key features of the Blockchain / Cryptocurrency ecosystem:

• Movement of capital – in a trustless, borderless, instant and round-the-clock manner
• Asset tokenization – tokenizing ‘Real-world’ Assets such as invoices, letters of credit, bills of lading (representing goods on a ship) using Non-Fungible Tokens (NFTs).
• Decentralised Exchange – to facilitate easy trading and exchange of ‘Real-world’ assets against cryptoassets (Stablecoins)
• Debt marketplaces – allowing for use of cryptoassets and Real-world assets as collateral to borrow/lend against

Once a real-world asset has been tokenized into an NFT, it is free to be traded or used as collateral to finance business needs in a quick, easy and global manner.

The need for a solution like Persistence has never been clearer. A sizable and increasing amount of institutional capital and emerging Stablecoins are looking to generate yield. There is an ever increasing need for MSMEs traders and businesses to access financing. Persistence matches the two.

Persistence enables more efficient global capital allocation.

Details

IEO (Ascendex Launchpad): Mar 31, 2021 – Mar 31, 2021
Token supply: 1,000,000 XPRT

Legal

Country limitations: AFGHANISTAN, ALGERIA, BANGLADESH, BELARUS, BOLIVIA, BURUNDI, CENTRAL AFRICAN REPUBLIC, CUBA, ETHIOPIA, ECUADOR, GUINEA-BISSAU, IRAN, IRAQ, LEBANON, LIBYA, MALAYSIA, MYANMAR, NEPAL, NORTH KOREA, PAKISTAN, SERBIA, SINGAPORE, SOMALIA, SOUTH SUDAN, SUDAN, SRI LANKA, TRINIDAD, TOBAGO, TUNISIA, UKRAINE, UGANDA, VENEZUELA, YEMEN, ZIMBABWE
Registration year: 2019