[Archives] $50,000 Worth of XPRT will be Distributed to MATIC Stakers During the Matic StakeDrop, Beginning January 18th!

We’re back with yet another StakeDrop campaign, and this time it’s the Layer 2 leader Matic Network under the spotlight!

Matic Network is a Layer 2 scaling solution that achieves scale by utilizing sidechains for off-chain computation while ensuring asset security using the Plasma framework and a decentralized network of Proof-of-Stake (PoS) validators.

A total of 200,000 of Persistence’s XPRT tokens (worth $50,000 at the most recent valuation), will be allocated for distribution to MATIC stakers during the campaign. Every MATIC staker will be eligible to earn up to 5,000 XPRT tokens, simply by staking on Matic Network with any validator and sending a Magic Transaction to confirm participation!

Read the rest of this article on our official blog: https://bit.ly/3n5ocC7

About Persistence

Persistence is a Tendermint-based, specialised Layer-1 network powering an ecosystem of DeFi applications focused on unlocking the liquidity of staked assets.

Persistence facilitates the issuance and deployment of liquid-staked stkASSETs, allowing users to earn staking rewards while participating in DeFi primitives, such as lending/borrowing and liquidity provisioning on DEXs.

Persistence aims to offer a seamless staking and DeFi experience for PoS (Proof-of-Stake) users and enable developers to build innovative applications around stkASSETs.

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