$Portal researchPORTAL
Portal is a pioneering cross-chain gaming ecosystem designed to connect games from different blockchain networks. It aims to create a seamless experience for gamers by connecting them to a huge number of games through its cross-chain token platform. Portal is built on the Ethereum blockchain, which is known for its reliability and extensive developer community. Portal's technology is designed to enable gamer access and game distribution, allowing Web2 gamers to seamlessly transition into the Web3 universe. The company is partnering with LayerZero to provide gamers with a seamless multi-chain experience, connecting disparate Web3 games to new players through a user-friendly user interface.
The PORTAL token is used for network fees, payments, management, staking, and node purchases in the Portal ecosystem. The token's maximum supply is capped at 1 billion tokens, which supports value growth over time. Portal was introduced at the Binance Launchpool, allowing users to bet on BNB and FDUSD to mine PORTAL tokens.
Tokenomics
Portal has a maximum token supply limited to 1 billion tokens. The initial circulating supply after listing amounted to 167.13 million PORTAL, representing approximately 16.71% of the total token supply.
The project's token distribution is as follows:
Binance Launchpool: 50 million tokens, representing 5% of the total token supply.
Team & Advisors: 230 million tokens, or 23% of the total token supply.
Treasury: 230 million tokens, or 23% of the total token supply.
Private Sale Investors: 220 million tokens, or 22% of the total token supply.
Public Sale Investors: 110 million tokens, or 11% of the total token supply.
Community Incentives - 1: 100 million tokens, or 10% of the total token supply.
Community Incentives - 2: 40 million tokens, or 4% of the total token supply.
Liquidity Reserve: 20 million tokens, or 2% of the total token supply.
The token vesting schedule is critical to maintaining the stability and value of the PORTAL token. It involves the gradual release of tokens to different stakeholders over a period of time, which helps prevent large-scale token resets that could negatively impact their price. This approach aligns the incentives of all stakeholders, ensuring that everyone is working towards the long-term success of the project.
Roadmap
Portal has a comprehensive roadmap that outlines plans for its development and growth. The roadmap is divided into several phases, each focusing on different aspects of the project's development.
Phase 1 (Q3 2023):
Launch of the Portal ecosystem with more than 250 games online.
Launch of the Portal version 1 gaming platform.
Announcement of partnerships with various blockchain networks such as Solana, Avalanche, Klaytn and Polygon.
Announcing the Portal game wallet and launching CrystalDash, a platform to increase awareness and demand for Portal.
Publishing a technical description for Portal and bringing in high-profile advisors to the project, including the CEO of Team Secret and the founder of Rockstar Games.
Partnering with WME, the world's leading talent agency, to help attract mainstream games and streamers to the platform.
Phase 2 (Q4 2023):
Integrate with other blockchain networks and expand cross-chain gaming capabilities.
Launch Portal Gaming Wallet and develop a gaming SDK for easy integration.- Announce partnerships with leading esports teams and IPs.- Launch Portal Discovery Platform to showcase the best Web3 games in the Portal ecosystem.- Launch Portal Staking platform and Portal Nodes network.- Launch Nexus DEX for seamless transactions between assets.
Future milestones (2024 and beyond):
Expanding the Portal ecosystem to include new games and blockchain networks.
Developing new features and tools to improve gameplay and facilitate cross-chain interactions.
Continued efforts to decentralize the Portal platform and ecosystem.
Continued focus on building a strong community and fostering meaningful connections between players, developers, and content creators.
Audit
Cryptoproject Portal has undergone a comprehensive audit to ensure the safety and reliability of its smart contracts and the entire platform. The audit was conducted by Cyberscope, a leading and recognized authority in the cryptocurrency space for auditing smart contracts. Cyberscope's auditing services are recognized by various startups such as PinkSale, Unicrypt and DxSale, allowing the project to receive a badge signifying trust and recognition. The audit from Cyberscope ensures that the Portal project is trusted and recognized. It enhances the security of the smart contract and serves as a basic building block for all marketing efforts. Upon successful completion of the audit, Portal receives an audit certificate to share with its investors and community, as well as a full audit report. Cyberscope's audit process includes extensive background checks and identity verification of project team members. This ensures data confidentiality and a state-of-the-art algorithm to verify team members. Cyberscope has successfully completed over 1,800 smart contract audits across various networks and has KYC'd over 800 teams without any reports from investors till date.
Staking rewards
The main function of the PORTAL token is a vote-betting feature that signals support for games on the Portal network. Essentially, gamers and games can place bets to earn rewards, but they can also signal their support for games by assigning a vote to their bet. In practice, signaling support for a game means that it becomes more visible on the Portal platform through ratings, relative betting levels (and other metrics), and greater visibility in the app. This, in turn, allows the game to acquire Portal platform users to grow its player base and launch new game assets with less hassle. A game joining the Portal ecosystem will have a good incentive to post Portal tokens, and it follows that gamers will want to show their support by doing the same. This leads to an effective “bet to scale” that decentralizes the distribution of games.
Recycled Fees
This occurs in real time as transactions are paid into PORTAL. The rate coefficient at that time is used to calculate how much of the purchased PORTAL burns up before distribution. Where S is defined as above, the burn amount B is calculated as follows:
B = 1 - S
The balance is distributed in the form of a platform
rewards.
Conclusion
Portal certainly has a promising concept and is attracting significant attention and support from the gaming and blockchain community. Portal is a leading GameFi project and has made significant strides in connecting gaming networks and there are no analogs. I've been following this project for quite some time now and at the moment investors have about 10x returns. I have noticed that GameFi is low right now, but I believe that once the excitement starts to grow after the first successful game releases, this infrastructure project will be very relevant. I follow this sector closely, which is why I have included this project in my portfolio.
If you are interested in reading my portfolio, you can read the text below the chart. From a chart perspective, it looks like this is one of the good formations to exit. The only downside I see is the huge capitalization with unlocked funds.
If there are 40 likes I will publish a new research
Best regards EXCAVO
