What is Persistence and XPRT Token?
Persistence is a protocol powering institutional open finance by facilitating the borrowing of cryptoassets (stablecoins) using real-world assets, such as invoices, as collateral. This bridges DeFi and traditional finance and uses the features of DeFi to solve real-world financing problems.
XPRT will carry a variety of use cases within the Persistence ecosystem, including participating in staking to contribute to network security, and community governance of the Persistence mainchain.
Stakedrop?
StakeDrop is a token distribution mechanism designed to facilitate the wide distribution of XPRT to token holders of prominent PoS blockchains. Participants will receive XPRT tokens simply by staking on their favourite network/s.
Learn more about the XPRT Stakedrop here:
$25,000 Worth of XPRT will be Distributed to KAVA Stakers During the Kava StakeDrop
Staking KAVA with Trust Wallet
In order to participate with the Stakedrop, you need to stake your native KAVA tokens with any validator. Staking on an exchange does not count, so withdraw your tokens to Trust Wallet and start staking right away. You can follow this step by step guide: How to Stake KAVA Tokens on Trust Wallet
The more KAVA tokens you stake, the more rewards you will get.
Please note, the XPRT Tokens will not be available in your wallet until January
Reminder:
Leave at least 0.002 KAVA on your wallet as that will be needed for the next step.
Participate in the Stakedrop
Getting the Address
After successfully staking your KAVA tokens, you are ready to proceed with the Stakedrop. Get your Ethereum (ETH) address as that is where the XPRT will be sent.
Go to the Persistence.one Stakedrop website (https://persistence.one/stakedrop) and then scroll down to the KAVA section then tap on Participate.
Tap on Send Magic Transaction and hit Accept. Get the designated address where you will be sending your KAVA for the Magic Transaction.
Send KAVA
Paste the designated address, put in 0.001 KAVA for the amount and your ETH address. You only need to send 0.001 KAVA to the address. No more, no less.
Tap on Next to proceed. Review your transaction, hit Send to confirm.
Congratulations, you have successfully participated in the Stakedrop!
Check your Registration
Go back to the Stakedrop site (https://persistence.one/stakedrop) and then scroll down to the KAVA section. Tap on Participate.
On the Calculate your Estimated Rewards section, fill in your KAVA address and hit Calculate.
