MATIC TOKEN HOLDERS LEVERAGE PERSISTENCE STAKEDROP TO OPTIMIZE THEIR EARNINGS

INTRODUCTION
The Matic network has recorded several improvements in its performance, it has been quite efficient over the years and this has increased mainstream adoption of the network, the innovations which have been made on the Matic undoubtedly has amplified its popularity within the DeFi industry, this is not surprising as we can confirm a bunch of partnerships and alliances with high profile projects in the ecosystem, by the way, the network does not show any sign of slowing down in its pursuit of proffering unbeatable DeFi services around the globe.

Well, we could go on about how effective matic has been, unfortunately, that would definitely deter us from discussing the present big thing that has every holder of the matic token excited, well strap up for the deep dive!

PERSISTENCE LAUNCHES ITS FOURTH POWERFUL STAKEDROP ON MATIC.
Yes, you heard that right! It is really happening. However let’s not get ahead of ourselves here, let me remind you what a stakedrop is.

WHAT IS A STAKEDROP?
Well a stake drop is a sort of token distribution method basically for DeFi participants who are in one way or another holders of most Proof of Stake(PoS) network’s crypto tokens to help them accumulate XPRT coins.

Xprt digital token is the local cryptocurrency of PERSISTENCE substrate, an innovative, decentralized protocol designed to support the development of modern age financial products and services. It is an infrastructure focused on addressing issues in PoS consensus, Non Fungible Tokens and the general decentralized finance ecosystem.

Persistence has launched a stakedrop which will see up to $50 000 worth of xprt tokens allocated to various users who delegate their matic tokens. Simply put, this stakedrop is limited to holders of high profile PoS tokens, especially the matic tokens, users are proffered an opportunity to stake their tokens, send the magic transaction to the Persistence network and earn xprt tokens as reward for supporting the operations of the persistence network, wonderful isn’t it?

Well, you must be wondering how you can join the stakedrop without losing out on your assets, it is quite simple!

There is an inbuilt staking dashboard provided on matic wallet, open your wallet and proceed to staking.

Secondly, send the magic transaction details from the wallet address used for staking to the persistence network, without this, you are not eligible for the staking rewards or xprt tokens.

Are you confused about staking of matic tokens? well don’t be, let us guide you.

Purchase matic tokens from diverse supported exchanges and transfer them to your metamask wallet.

Go to the staking dashboard on metamask.

You will see number of validators provided on the network with their corresponding statistics at a glance, there is also a search icon to enable easier and faster generation of one’s preferred validator, proceed to select your validator.

Now you can pledge matic tokens by clicking on ‘stake’, input how many tokens you want to pledge and press ‘delegate/stake now’.

Did you receive a confirmation message? if you did,it means you are eligible for staking rewards, congratulations!

Well, hold on, there is more to benefit, yes the xprt tokens. Below is a guide on how to start earning.

Firstly, you need to send ‘magic transaction’ by opening logging into metamask utilized in staking matic coins, click ‘send’ and input the receiver’s address which will be provided to you on the stakedrop page of the website, you are encouraged to carefully consieer the terms and conditions of participation before proceeding to send the magic transaction, send a transaction of 0 Eth to the provided address, meanwhile, gas limit must be set at 50 000 gwei for quicker transaction, now you can send the transaction magic.

The transaction will approved by the blockchain, to prove that you have become an eligible participant in the matic stakedrop, happy earning!

CONCLUSION
The Matic — Persistent partnership is evidence that matic holders as well as other holders of PoS supported tokens are starting off the year with a lot of expectations. Persistence has successfully launched a stakedrop on matic network while matic holders are leveraging the opportunity to optimize their earnings by staking and receiving not only staking rewards but also that of stakedrop which is allocated in form of xprt (persistence) tokens.

There are greater developments to come in the future, DeFi is completely made easy and more lucrative with matic network.

For more information, kindly visit https://persistence.one and https://polygon.technology

Article Written By : Adasofunjo Michael Oluseye