Persistence

Persistence

Provides a platform to power debt marketplaces that match entities with surplus capital to entities that require capital. Learn more

Financials

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Revenues, earnings & profits over time
USD202020222023
Revenues1.4m7.5m7.5m
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Persistence One is a forward-thinking startup operating in the blockchain and cryptocurrency market. The company specializes in liquid staking and restaking solutions, primarily serving blockchain enthusiasts, developers, and investors who are part of the Cosmos ecosystem. Persistence One aims to enhance the efficiency and security of blockchain networks by allowing users to stake and restake various digital assets, including XPRT tokens, stablecoins, and liquidity provider (LP) tokens from decentralized exchanges (DEXs).

The company operates within the Cosmos network, which is a decentralized network of independent, scalable, and interoperable blockchains. Persistence One leverages the Interblockchain Communication Protocol (IBC) to enable seamless communication and token transfers across 54 different Cosmos app chains. This interconnectedness allows users to trustlessly transfer, stake, and restake their tokens, thereby contributing to the overall security and efficiency of the blockchain ecosystem.

Persistence One's business model revolves around providing staking services and earning fees from these activities. Users can stake their XPRT tokens through the Persistence One platform, earning staking rewards in return. The company also offers a liquid staking module, which allows users to instantly transfer staked tokens between wallets, providing greater flexibility and liquidity. Additionally, the restaking module enables users to restake their assets to further enhance chain security and earn additional yields.

The company generates revenue through transaction fees, staking fees, and potentially through partnerships and collaborations within the blockchain community. By offering these services, Persistence One not only helps users maximize their returns but also contributes to the robustness and security of the Cosmos network.

In summary, Persistence One is a key player in the liquid staking economy, providing innovative solutions for staking and restaking digital assets within the Cosmos ecosystem.

Keywords: Liquid Staking, Restaking, Blockchain, Cosmos, XPRT Tokens, IBC Protocol, Staking Rewards, Digital Assets, Decentralized Finance, Crypto Security.

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