MAY HAS BEEN A CLOUDY MONTH FOR PERSISTENCE
May has been a cloudy month, and the “uproar” appears to have hit an all-time high. We are more driven than ever, despite the fact that many people are apprehensive about the uncertain economy. After an incredible April, we didn’t rest on our laurels; instead, we accelerated our progress.
In May, our staked XPRT percentage surpassed 89 percent, and our network surpassed 5 million users.
Significant Points of Interest
In June, pSTAKE, our much-anticipated liquid staking product, will be available!
Our second ecosystem product, pSTAKE, a liquid staking tool meant to make staked assets more liquid, is about to launch.
pSTAKE will effectively allow the issuance of Ethereum-based representative tokens that are backed 1:1 by native assets staked on PoS chains.
Comdex, Persistence’s core product, is a commodities trading and trade financing platform for institutions that employs NFTs to place trade invoicing on-chain, changing the $17 trillion commodity trading business.
Comdex’s transaction volume has surpassed $100 million, a big milestone — and it’s still rising!
Comdex aspires to make a positive impact on the global commodity trading industry.
The Ecosystem Fund just released 4 million XPRT tokens into circulation. All of these tokens are now staked, considerably increasing the security of the Persistence network.
The percentage of bonded (staked) XPRT in overall supply has risen to 89 percent and is continuing to rise! This is the second most valuable of the Cosmos ecosystem chains, and the most valuable of all such chains, with a market cap of over ove.
The number of transactions on our network recently topped 50,000, and the number continues to rise on a daily basis. It’s amazing to witness such rapid growth, especially knowing that it’ll only get faster as new and highly awaited products, such as pSTAKE, come on our mainnet very soon. This is only the start!
The Guardians of Persistence will collaborate closely with the Persistence team and other ambassadors to speed up our progress on our quest to usher in a new financial paradigm, while also receiving monthly XPRT prizes and other perks!
The Guardians will be in charge of: interacting with the digital community via social media platforms Using contingency to teach people about perseverance
The most trusted economic calendar for cryptocurrency news, CoinMarketCal, is Persistence’s new partner on May 5th. With over 4 million monthly website visitors and climbing, our listing on CoinMarketCal has increased Persistence’s awareness.
Persistence will continuously updating their community website to keep you updated about upcoming roadmap milestones and events, like as product launches, AMAs, scheduled exchange listings, and industry events.
May 06: About a month ago, Blockfolio, the world’s most popular cryptocurrency portfolio tracker application, added XPRT to its live data tracking list. Persistence recently expanded their reach even further because to their partnership with Blockfolio Signal!
Blockfolio’s 6 million+ users will be notified immediately when Persistence makes big upgrades on a platform with the highest level of trust. Integration was an important aspect as well.
May 13: Persistence accompanied other players in the Cosmos ecosystem in sponsoring the Gravity DEX testnet challenge to help introduce DeFi to Cosmos. The Cosmos ecosystem community’s degree of curiosity and participation was remarkable, demonstrating a strong desire for the game-changing DEX.
The turnout was remarkable, with 21,775 people taking part.
The total number of transactions was 715,030.
The trade volume was 900 million dollars.
On May 14th, CoinTrader launched a set of enhanced charting tools for traders. Key indicators including the RSI, MACD, and EMAs were ready to use on six XPRT charts.
In regards to providing all of the charts they frequently view, chartists may now join CoinTrader’s competitive crypto trading network to team up with other exceptional XPRT chartists.
Cosmos India, one of Cosmos’ largest indigenous governments, was led by perseverance on May 15.
In planning an event, promoting awareness, running hackathons, and localizing content, along with many other things, all require persistence.
Cosmos India now has over 1,000 followers on Twitter, with a significant rise in active contributors!
It’s a privilege to be a part of the community’s quick growth!
Learn more about Cosmos India via the website and follow on Twitter for the latest updates from the Indian Cosmos ecosystem!
May 18: Our CEO and Co-Founder, Tushar Aggarwal, has been invited to serve as a judge at the ongoing Solana Season Hackathon, with other blockchain industry luminaries.
Participants might earn up to $1 million in global incentives and seed funding, with a top prize of $30,000 up for grabs! This was an opportunity to get a jump start on your Solana project by joining their expedited development program.
Persistence stated on May 20 that their next-generation liquid staking product, pSTAKE, will be available in June.
We believe that as time passes, many people will come to our answer. By enabling additional functionality and compatibility amongst key blockchain ecosystems, pSTAKE will open doors that have never been feasible before.
Join us to stay informed of the latest updates: https://twitter.com/pStakeFinance
The people spoke on May 24th, and Persistence listened! They teamed up with AscendEX to reduce withdrawal fees from 1 XPRT to just 0.2 XPRT, saving you an astounding 80%!
It’s now easier than ever to DCA in and withdraw consistently to reap the rewards of our world-class staking returns.
Join AscendEX and trade XPRT here. Create a Persistence wallet and start staking to get a 35 percent APR on your investment.
Persistence continues the spread of Cosmos and the interoperability effort on May 24. After supporting several past HackAtom editions, including HackAtom India and HackAtom Russia, it was an honor to support HackAtom HCMC.
Developers from all across the world were encouraged to participate. The grand reward was $10,000, and it was up for grabs. One of the difficulties was Tokenized (NFT).
Abhinav’s research can be found here: https://hackmd.io/@abhinavmir/cosmwasm
May 28: Our interns were part of the Persistence team, which was focused to helping the global blockchain developer ecosystem grow. In order to speed up innovation, several growing talents at Persistence were experimenting with various areas of blockchain development.
With this in mind, we designed the Persistence Paratroopers series to share the expertise that our interns have gained.
May 31: Live Coin Watch keeps track of all the cryptocurrencies you’re interested in, notably XPRT. Persistence’s sleek UI allows you to get your daily dose of price activity, chart, and market cap info.
You’ll also get access to the content such as the depth chart and current social activity.
Track Persistence on Live Coin Watch here: https://www.livecoinwatch.com/price/Persistence-XPRT
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