AMA with Persistence

🎙 Join us for an AMA in the @Decentralized_Club Telegram group, where our honorable guest
Madhur Satija,from Persistence will be answering your questions and providing more insights about their project.

Also stand a chance to get rewarded 😉

📝 Guidelines:
Segment 1: Introduction (@Rswnpt will interact with Persistence team).
Segment 2: Twitter Questions.
Segment 3: Website questions.
Segment 4: Live telegram questions.

➖ A pool worth 100$ USDT to be airdropped.
1️⃣ 4 best Telegram questions get 10$ each.
2️⃣ 3 best Website questions get 10$ each.
3️⃣ 3 best Twitter questions get 10$ each.

📌 In order to be eligible for any prizes, you must join Persistence Official Telegram & Twitter before AMA! ‼️

➖ Date & Time: 13.10.2021 🗒 at 12PM (UTC) | 5.30PM (IST) | 8AM (EST) ⌚️

➖ Twitter Question Posting Link: ➡️

➖ Website Question Posting Link: ➡️

AMA with Persistence

 

📌 TnC:

▪️To be eligible for the rewards, please join the following Telegram and Twitter groups:

👉 https://t.me/decentralized_club
👉 https://t.me/PersistenceOneChat

👉 https://twitter.com/dens_club
👉 https://twitter.com/pStakeFinance

🌍 Know more: https://decentralizedclub.live/

65 thoughts on “AMA with Persistence”

  1. Persistence is building ecosystem of multi-chain Web3 products for both retail and institutional users. Can you tell us the products you have build already? What are the products to be realeased soon? Can you please share your roadmap?

    • Telegram Username: @albertjaison
    Reply
  2. Can you tell us about the $XPRT staking program and how to be a part of it? Is your wallet only for storing $XPRT or can it store all kinds of tokens and trade them? Who are the validators available in your platform for delegating $XPRT? How are their fees and rewards calculated?

    • Telegram Username: @albertjaison
    Reply
  3. Do you have mathematician in the team who has a formula of how many new tokens should be released when a certain amount of asset circulation is achieved.yo control sales on your platform?

    • Telegram Username: Yomcy01
    Reply
  4. You conot that
    Stakers will receive rewards in the form of XPRT in return for contributing to the security of the network. But what are the major ways the masses contribute to this upgrowth?

    • Telegram Username: Yomcy01
    Reply
  5. One of the major problems with open finance is that the (pseudo) anonymity of crypto assets also creates data gaps for regulators and can open unwanted doors for money laundering, as well as terrorist financing. How will the persistence token tackle this related issue to ensure total upgrowth?

    • Telegram Username: Yomcy01
    Reply
  6. Persistence’s plan is to create products to generate opportunities and address challenges around the novel PoS consensus mechanism. What are the reasons you have chosen the PoS model for this purpose? What advantages does it bring to your mission and vision? Why use PoS instead of other consensus algorithms?

    • Telegram Username: @Thomas23P
    Reply
  7. Is Persistence working hand in hand with other platforms in order to have more control in the world of crypto? If so, could you mention some of them?

    • Telegram Username: @SanoMario
    Reply
  8. You could really give us more details if it would be a long or medium term profit project for users, we could also say that it would be innovative or similar to many other platforms. What would be an advantage over the others?

    • Telegram Username: @SanoMario
    Reply
  9. Could users get TOKENS reward for attracting more users to the platforms or make profit for using platforms linked to Persistence?

    • Telegram Username: @SanoMario
    Reply
  10. Persistence allows exposure to multiple asset classes, such as Liquid Staking (pSTAKE), NFT (Asset Mantle), and Synthetics (Comdex). How through persistence they stimulate global liquidity and stimulate the exchange of value from multiple asset classes?

    • Telegram Username: @Josegamboac
    Reply
  11. The main Persistence mainnet is a proof-of-stake chain powered by the Tendermint BFT consensus engine. What is the Tendermint BFT consensus engine? What advantages does the Tendermint BFT consensus engine offer? How does it work?

    • Telegram Username: @Josegamboac
    Reply
  12. In the persistence ecosystem there are two tokens: the $ XPRT token and $ pStake. Why did you decide to implement the use of two tokens within the persistence ecosystem? What is the usefulness of each token on the platform? Where can I buy each Token?

    • Telegram Username: @Josegamboac
    Reply
  13. Persistence allows exposure to multiple asset classes, such as Liquid Staking (pSTAKE), NFT (Asset Mantle), and Synthetics (Comdex). Can you explain to a novice crypto user like me what Liquid Staking (pSTAKE), NFT (Asset Mantle) and Synthetics (Comdex) are?

    • Telegram Username: @Lestmarisv13
    Reply
  14. The biggest advantage of Persistence is the unique position of operating at the confluence of DeFi + PoS + NFT. They have already built some products, namely: pSTAKE, AUDIT.one, Comdex. Can you explain what these products are pSTAKE, AUDIT.one, Comdex? What benefits do they offer?

    • Telegram Username: @Lestmarisv13
    Reply
  15. pSTAKE uses a dual token model for its blockchain network operations. How does the dual token model work? What advantages does this dual token model offer? Why does Persistence use it?

    • Telegram Username: @Lestmarisv13
    Reply
  16. The truth is that there is a large amount of liquid staking protocol today. What are the differentiating points that pStake adopts? Why should users use your protocol?

    • Telegram Username: @h1drX
    Reply
  17. I like the idea that you have a list of the protocol smart contracts with their corresponding description and address. But are all these contracts properly audited?

    • Telegram Username: @h1drX
    Reply
  18. Persistence has the pBridge which is a bridge between various blockchains, which currently powers pSTAKE. Can you explain to me what exactly this bridge facilitates? What is the importance of pBridge?

    • Telegram Username: @h1drX
    Reply
  19. pBridge consists of two components, Middle Layer Logic and Multiparty Computation. Can you summarize what is the function of both systems? And how do these two systems work together without risk of errors?

    • Telegram Username: @mctrho
    Reply
  20. Can you explain to me what “Staked representative Tokens” are? Why is this token so important? What role does it play in the Persistence ecosystem? Where can I get it?

    • Telegram Username: @mctrho
    Reply
  21. I read that pSTAKE employs a unique mechanism called Stake LP. How does this mechanism work? And what makes Stake LP unique? What are its most important characteristics?

    • Telegram Username: @mctrho
    Reply
  22. When you talk about creating and enabling users to interact with traditional and digital assets in an open and global space, what exactly do you mean? What are these digital assets that can be achieved in this context? What is your page or application where these interactions can be accessed.

    • Telegram Username: @AgenciaATM
    Reply
  23. Your interesting and productive $ PSTAKE token catches my attention, I would like to know which are the digital wallets where we can manage and use your token? Are there any fees when making transactions with this token?

    • Telegram Username: @AgenciaATM
    Reply
  24. By allowing the creation and exchange of non-fungible tokens between chains, would a limit be maintained for each creation? Or is a user totally free to create and exchange tokens as many times as he/she wants per day? Explain this process a little bit

    • Telegram Username: @AgenciaATM
    Reply
  25. Could you give us a brief summary of the utility provided by your token? Which are the wallets where users can access it and what are its multiple functions?

    • Telegram Username: @VickyJ09
    Reply
  26. Persistence allows the creation of products to generate opportunities and address challenges around a novel PoS mechanism. When you talk about creating opportunity products specifically what are the products? Is it really difficult these challenges that users would face?

    • Telegram Username: @VickyJ09
    Reply
  27. One of its main focuses is to allow users to interact with traditional and digital assets in an open and global context. To achieve this goal, a space would be needed to make this possible, what is it or where can users enter and interact with these assets?

    • Telegram Username: @VickyJ09
    Reply
  28. Persistence is building an ecosystem of financial products, focusing on both institutional and native crypto use cases !! Can you provide us with more details about these products and who can obtain these financing?

    • Telegram Username: @charlotteD07
    Reply
  29. PERSISTENCE Creating a multi-chain Web3 product ecosystem for retail and institutional users.
    For retail users, NFTs lack basic functionality as they are a part of the backend and do not have a user-friendly interface. How do you guarantee these users their investment?

    • Telegram Username: @charlotteD07
    Reply
  30. To invest in XPR the TOKENS can be obtained where? And will they be available for all kinds of exchanges between users?

    • Telegram Username: @charlotteD07
    Reply
  31. It caught my attention that Persistence aims to enable and create a suite of cutting edge financial products in niches ranging from equity as a service and “real world” tokenized debt to digital art.where we can see these certified validators since there are also bad nodes, is it profitable to be a validator?

    • Telegram Username: @guddu201912
    Reply
  32. I saw that you want to make real-world and digital assets, such as invoices, collectibles, and art, more accessible, but how would they really be more accessible? converting some bills into NFT tokens? I really don’t understand

    • Telegram Username: @Arriiiaaaannnnna
    Reply
  33. Persistence has a Proof of Stake (PoS) model. How does this model help create products to generate opportunities and address challenges in today’s DeFi world? What advantages does PoS provide that other models like PoW or LPoS cannot?

    • Telegram Username: @Blockchain2706
    Reply
  34. on your website, that many risk funds are being supported, does that mean that Persistence is totally safe, that it will protect the assets of all its members in investors? or even so, do they maintain certain risks of loss?

    • Telegram Username: @anushreegoyal12
    Reply
  35. I understand that Persistence is focused on working in both institutional and native cryptographic use cases, but is it for the sole purpose of being a bridge between Cex and Dex? Or could Persistece really continue to work in both institutions over time?

    • Telegram Username: @Arya19970
    Reply
  36. I saw that You have done several StakeDropp campaigns to distribute your XPRT tokens. So, I would like to know why you have decided to make this distribution through some Staking campaigns. How does Persistence relate to these projects?

    • Telegram Username: @Sashasam05
    Reply
  37. I saw that Persistence facilitates the action of borrowing cryptoassets using real-world assets as collateral for it. How are those assets brought to the platform, is their value fully backed somewhere?

    • Telegram Username: @guddu201912
    Reply
  38. It Caught my attention that persistence project have staking system, could you please share to us how is your stake system work, what is the requirement for user if they want to stake in your platform ?

    • Telegram Username: @Sashasam05
    Reply
  39. I read that The persistence platform (referring to the main persistence chain and all application chains in the persistence ecosystem) is designed to be business friendly. In the case of Persistence, do these application chains also have third-party validators?

    • Telegram Username: @PSG87
    Reply
  40. How can someone become a liquidity provider for your product pLEND, is there a special requirement for this?

    • Telegram Username: @Khushgra23
    Reply
  41. In the near future, assets delegated to pSTAKE securely certified validators will be protected against downside risks through an insurance pool. How will these insurances work? Will they be available to absolutely all users of your platform?

    Thank you!

    • Telegram Username: @shitosan
    Reply
  42. stkTOKENs can be used in various DeFi protocols in the Ethereum ecosystem to generate additional performance. When exactly do you expect that your stkTOKENs can be used in other ecosystems, such as BSC, for example? Do you have plans to expand to other ecosystems soon?

    • Telegram Username: @shitosan
    Reply
  43. I noticed you’ve done a lot of AMAs. My question is, what do you expect from doing so many AMAs, and what are the goals of your community? Do you think the community played an important role in this project?
    And what are the benefits of the community taking part in this ama?

    • Telegram Username: @diamput1
    Reply
  44. Could you explain the advantages of using a Proof-Of-Stake model on your ecosystem? How important is this consensus for making institutional collaborations and a trustable environment?

    • Telegram Username: @Arisabela
    Reply
  45. NFTs are the rule nowadays and they can have multiple uses, can you tell us about how Persistence One is going to integrate them into its ecosystem and, above all, how does it intend to give them a real use case that allows them to generate income ?

    • Telegram Username: @Arisabela
    Reply
  46. May I know your project’s policies when a certain validator goes rogue or has proven malicious acts are done? Will the team remove the these kind of validator from its platform? What will happen to the staked tokens then?

    • Telegram Username: @Jmagsss
    Reply
  47. How does Persisitence select and choose the pSTAKE validators that works with? Do you have a criteria to follow in order to determine the chosen validator?

    • Telegram Username: @Jmagsss
    Reply
  48. What makes a dual token model suitable and compatible for Persistence’s products and services? It is really necessary for your project to have two tokens within one ecosystem?

    • Telegram Username: @Jmagsss
    Reply
  49. You say that Comdex unlocks access to a broad set of commodity debt assets and liquidity, which makes the flow of capital from DeFi to CeFi seamless, do you mean that they work with both DeFi and CeFi or do they convert DeFi to CeFi? And what diversity of assets and liquidity does Comdex unlock?

    • Telegram Username: @JuanSB07
    Reply
  50. It strikes me that they frequently mention trade and other commodity relationships, but what do they mean by this? How will these products that people need on a daily basis be digitized thanks to Persistence? What are the commodities you currently offer?

    • Telegram Username: @Raisbelys
    Reply
  51. I understand that ASSET MANTLE is your NFT marketplace, so can you tell me about the accessibility that this marketplace has for your users? What are the advantages of marketing NFTs in ASSET MANTLE? Could I create NFTs freely and upload them to your marketplace?

    • Telegram Username: @RosemaryBianco
    Reply
  52. To enjoy your various products and services such as COMDEX, AUDIT, STAKE and ASSET MANTLE is it necessary to comply with some kind of verification such as KYC? And is it necessary to buy your XPRT token to work on them?

    • Telegram Username: @LeyaNir
    Reply
  53. Speaking of your native XPRT token, the only place it is currently tradable is on Houbi Exchange? Actually users will be able to earn up to 35% annual rewards by betting XPRT, on which platform? What other use cases does your token have besides staking?

    • Telegram Username: @CarlosZamo
    Reply
  54. Persistence is designed with the encouragement of providing global liquidity and allowing an exchange of value without problem. What are those exchanges that Persistence has had to surpass in its digital assets to Defi?

    • Telegram Username: @nersano
    Reply
  55. Can you give us a presentation on your roadmap to grant us security and benefits for future partners and investors in Persistence?

    • Telegram Username: @lupitayuruani
    Reply
  56. What are the institutions that your ecosystem could adopt? Would your technical specifications be available to understand the Metadata and NFT standards between blockchain?

    • Telegram Username: @nersano
    Reply
  57. On your website they mention that they have a decentralized infrastructure combined with security experts available 24/7 for us, where can we get personalized advice and advice? Do you have a support center?

    • Telegram Username: @Antoni_azx
    Reply
  58. Persistence One is characterized by having a huge number of validators with multiple platforms, can you tell us how you keep the ecosystem afloat by incentivizing each one of them? What tasks do they carry out for the operation of the platform and what benefits do they obtain?

    • Telegram Username: @Antoni_azx
    Reply
  59. Persistence provides us with unlocking true potential of PoS by unlocking liquidity of staked assets. My question lies:
    📌 What will be the mining power based on the percentage of PSTAKE coins held by miner?

    📌How is persistence ecosystem of PoS less risky in terms of the potential for miners to attack the network, as it structures compensation in a way that makes an attack less advantageous for the miner?

    • Telegram Username: Sarika_4088
    Reply
  60. Blockchain based insurance can help overcome obstacles such as cryptocurrency instability to gain foothold in the market.
    📌My question is regarding insurance pool of persistence
    ✨ How much insurance pool will be created against unpredictable risks? who will be the insurers?
    ✨ Breif us a bit about liability insurance policy.

    • Telegram Username: Sarika_4088
    Reply
  61. How many and which chains can benefit from its protocol and interoperability, do you think it is possible to combine effectively and harmoniously the domains of DeFi and traditional finance and to unify the financial system?

    • Telegram Username: @nhairym
    Reply
  62. COMDEX, like PERSISTENCE, is a fairly new project, what is the relationship between the two, how do they benefit each other, what do you consider to be the key elements that should be present in an updated and innovative financial product ecosystem?

    • Telegram Username: @nhairym
    Reply
  63. Can you explain in clear non-technical terms that it is more profitable for a minority investor to start in decentralized finance, what are the financial and technological differences between Liquid Staking, NFT, Synthetics?

    • Telegram Username: @nhairym
    Reply

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