Persistence Token (XPRT) review 2022: Is It a Scam or Not?

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In this article, we are going to do our analysis and review of Persistence Token (XPRT). This is what will be covered in this article such as what is it, how does XPRT work, could it be a scam or not, final conclusion.

What is Persistence Token (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

How does XPRT work?​

The XPRT token is used to secure the network by staking, to pay fees, and to determine the vote weighting for governance proposals in order to make crucial choices concerning Persistence’s future. Setting the vote weighted for governance ideas is also done with the token’s help.

Is Persistence Token (XPRT) scam or not?​

Persistence Token (XPRT) has a solid team​

The Persistence crypto project was launched in 2019. Persistence is a Singapore-based company co-founded by Tushar Aggarwal and Deepanshu Tripathi.

The team behind Persistence consists of over 25 members who come from diverse professional backgrounds.

Tushar Aggarwal is the CEO of Persistence and has been in the blockchain industry since 2018. He holds a Bachelor’s degree in Business Administration from Nanyang Technological University. After graduating, he worked in the financial industry at PricewaterhouseCoopers and Sia Partners. One of his first contributions to the blockchain industry was at YourStory Media and Tech in Asia, where Tushar worked as a contributing writer.

Deepanshu Tripathi went to the Vellore Institute of Technology, where he earned his bachelor’s degree in computer science. After finishing his studies, Deepanshu worked as an engineer at Mahindra Comviva and later moved up to Principal Software Architect.

Besides Persistence, Deepanshu also founded another blockchain-based project - AssetMantle.

How do people evaluate the project?​

According to our research, some professionals in the market believe Persistence Token (XPRT) is a solid project that is based on the Ethereum Blockchain andis working to create a platform which will help users get exposure to multiple asset classes like NFT, liquid stacking etc. The fundamentals look solid for Persistence Token (XPRT) and it has great potential for growth in 2023 and beyond. The NFT industry is continuously growing which Persistence Token (XPRT) is building on as well.

In conclusion, do you think XPRT is a good investment or scam? We can't confirm yet because we believe that all comes down to the long-term potential of the project. As an investor, make sure to do your own research into the platform’s fundamentals and technical documentation before deciding on an investment.

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