What is Portal? Information about PORTAL Token?

Skip to content
AZC.News
en EN
BTC Coin BTC
3.18%

ETH Coin ETH

3.55%

USDT Coin USDT

0.00%

BNB Coin BNB

-1.17%

SOL Coin SOL

16.94%

XRP Coin XRP

2.77%

USDC Coin USDC

0.01%

ADA Coin ADA

8.92%

DOGE Coin DOGE

33.35%

AVAX Coin AVAX

9.76%

BTC Coin BTC

3.18%

ETH Coin ETH

3.55%

USDT Coin USDT

0.00%

BNB Coin BNB

-1.17%

SOL Coin SOL

16.94%

XRP Coin XRP

2.77%

USDC Coin USDC

0.01%

ADA Coin ADA

8.92%

DOGE Coin DOGE

33.35%

AVAX Coin AVAX

9.76%

Search...

Home > News

Published: 29/02/2024

-
Author: Kane

What is Portal? Information about PORTAL Token?
What is the Portal project? Is the PORTAL token promising for investment? Let's find out together with AZC.News in the article below!

Azcnews Breaking (19)
Table of Contents
What is Portal?
Portal is a Web3 gaming platform similar to Valve Corporation’s Steam, developed to facilitate gamers’ interaction with blockchain gaming more conveniently. The goal of Portal is to assist new players in entering the blockchain gaming market more easily by eliminating the complexities of interacting with various Web3 applications and games.

Portal not only offers a library of over 200 games but also provides favorable conditions for exploration and personalized recommendations. By fostering a vibrant community, Portal encourages connections among players, developers, and content creators to build a robust Web3 gaming ecosystem.

Interface portal

In summary, Portal aims to provide a smooth, secure, community-driven gaming experience and usher in a new era of Play-to-Earn opportunities.

Additionally, Portal is the 47th project listed on Binance Launchpool. Users can stake BNB and FDUSD to earn PORTAL tokens from February 22, 2024, to February 28, 2024.

Key Products of Portal
Portal Platform
As of February 2024, there are over 200 games on the Portal platform. This serves as a centralized access point for users to engage with all games on Portal. Coupled with Portal’s Passport feature, users can log in once and manage their personal information and assets across different games and blockchains.

200 Game

Currently, Portal has integrated with Avalanche, Solana, Base, and Polygon, with plans to expand to more blockchain platforms in the future.

Portal Wallet
The Portal Wallet is designed with a simple registration service, eliminating the complexity of managing seed phrases and private keys while ensuring user safety. Additionally, the Portal Wallet is compatible with web2 social media platforms such as Discord or Google, allowing users to synchronize their personal data.

Companion App
The Companion App is a supportive application for gamers, offering features such as:

Discovery: Providing information and content about the latest Web3 games.
Cross-chain trading: Buying, selling, and exchanging assets from various blockchains.
Social network: Connecting with other users on the platform.
Staking-to-access: Allowing users to exchange participation points for Launchpad through this program.
Cross-chain Functionality
Cross Chain

The PORTAL token is developed on LayerZero, enabling games to utilize a unified exchange system and use PORTAL as the common currency. LayerZero technology facilitates easy interaction with various blockchains, opening up numerous opportunities in the gaming industry and creating significant competition.

Related: What is Ronin Network (RON)?

What is PORTAL Token?
Basic information
Token name: Portal
Ticker: PORTAL
Blockchain: Ethereum
Token standard: ERC-20
Contract: 0x1bbe973bef3a977fc51cbed703e8ffdefe001fed
Token type: Utility & Governance
Total supply: 1,000,000,000 PORTAL
Circulating supply: Updating…!
Allocation
Allocation

Team and Advisors: 23%
Treasury: 23%
Private sale: 22%
Public sale: 11%
Community Incentives 1: 10%
Binance Launchpool: 5%
Community Incentives 2: 4%
Liquidity: 2%
Use Case
Transaction fees: Used to pay fees for transactions within the ecosystem.
Governance: PORTAL token holders can participate in Portal’s development decisions.
Staking: Users can stake PORTAL tokens on Portal Launchpad and receive rewards.
Special events: PORTAL token holders can participate in special events offered by the platform.
Release Schedule
According to the project, the release schedule for PORTAL tokens from February 2024 to February 2031 is as follows:

Vesting

Roadmap
Portal announces the project development roadmap as follows:

Q1/2024:

PORTAL token TGE.
Web2 game activation.
Foundation.
Portal token staking platform.
Deployment of Portal’s node network and allowing PORTAL token holders to become validators.
Development of Discovery platform, similar to Steam.
Development of Launchpad.
Q2/2024:

Development of Gaming Wallet.
Establishment of Marketplace SDK.
Development of cross-chain functionality.
Web2 Game Activation.
Q3/2024:

Launch of NEXUS cross-chain liquidity gaming exchange.
Web2 Game Activation.
Expansion to other blockchains.
Q4/2024:

Expansion to other blockchains.
Web2 Game Activation.
Team
Portal is developed by a team of over 70 members, including positions such as developers, marketing, partnerships, etc. However, as of now, there is no official information available about these members.

However, the project has announced the list of members in the advisory board, including top experts in the industry, such as:

Jamie King: Co-founder Rockstar Games
John Yiao: CEO Team Secret
Russell Hanson: Co-founder & Chief Scientific Officer Endjinn AI (Consensys)
Matt Dixon: Former Director of Business Development and New Markets at EA Games
Investors and Partners
Portal has attracted $29 million USD from two rounds of token sales, including Pre-sale and Private sale, which accounts for approximately ~32% of the total token supply.

Raise

Portal’s partners include reputable names with a plethora of well-known Web3 projects and games such as Star Atlas, Magic Eden, among others. Additionally, Portal has established a strategic partnership with WWE Agency, a leading global entertainment company, known for numerous entertainment, sports, and celebrity programs.

Most recently, Portal has become the 47th project to join Binance Launchpool.

Similar projects to Portal include
Xai: Xai is a layer 3 blockchain built on Arbitrum, aiming to develop a blockchain specifically for the gaming industry. Xai aims to provide a smooth and user-friendly gaming experience on the blockchain.
Ronin: Ronin is a blockchain researched and developed by Sky Mavis.
Project information
Website
Twitter
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.


Read Less
#Portal
5.0/5

(1 vote)
Leave a Reply
Your email address will not be published. Required fields are marked *

Comment *

Twitter

Telegram

Name *

Save my name, email, and website in this browser for the next time I comment.

LATEST

Azcnews Breaking (22)
News 29/02/2024

Gemini Fined and Refunds Customers

Gemini agrees to settle with a New York regulatory agency, while also refunding $1.1 billion to customers of the Earn program.

Azcnews (2)
News | Altcoin | Editor Choice 29/02/2024

XRP Whales Shift 62 Million Tokens in Price Rally

Noteworthy whale activity stirs speculation as XRP, backed by Ripple, experiences a surge in price.

Azcnews Breaking (20)
News 29/02/2024

Binance Lists Portal (PORTAL) on Binance Launchpool

Cryptocurrency exchange Binance announces the listing of its 47th launchpool project, named Portal (PORTAL). Details can be found here!

Azcnews Usa Bitcoin (2)
News | Bitcoin | Editor Choice 29/02/2024

Bitcoin Adjusts as US Government Moves $1 Billion in BTC

Following a momentary dip below the $60,000 mark, Bitcoin swiftly rebounded, poised for a resurgence beyond its previous record peaks.

Azcnews Eth
News | Altcoin | Editor Choice 29/02/2024

Surge in Profitable Ethereum Transactions

On average, ETH investors were reaping profits exceeding 20% on their holdings.

Top views
1
OKX to List QnA3.AI’s GPT Token on its Spot Market
2
Vitalik Proposes Open-Source Fix for Elon Musk’s Dilemma
3
Bitcoin Surges to $59,000 Ahead of Halving Event
4
What is Portal? Information about PORTAL Token?
5
Bitcoin Hits $60,000 Mark Driven By ETF Inflows
6
SEC Appeals for Extension in XRP Lawsuit Remedies Briefing Schedule
7
Analyst Forecasts Bitcoin to Reach $100,000 by 2024
8
What is QNA Token? QnA3 Integrated AI Technology DApp
9
Bitcoin Price CSkip to content
AZC.News
en EN
BTC Coin BTC

3.18%

ETH Coin ETH

3.55%

USDT Coin USDT

0.00%

BNB Coin BNB

-1.17%

SOL Coin SOL

16.94%

XRP Coin XRP

2.77%

USDC Coin USDC

0.01%

ADA Coin ADA

8.92%

DOGE Coin DOGE

33.35%

AVAX Coin AVAX

9.76%

BTC Coin BTC

3.18%

ETH Coin ETH

3.55%

USDT Coin USDT

0.00%

BNB Coin BNB

-1.17%

SOL Coin SOL

16.94%

XRP Coin XRP

2.77%

USDC Coin USDC

0.01%

ADA Coin ADA

8.92%

DOGE Coin DOGE

33.35%

AVAX Coin AVAX

9.76%

Search...

Home > News

Published: 29/02/2024

-
Author: Kane

What is Portal? Information about PORTAL Token?
What is the Portal project? Is the PORTAL token promising for investment? Let's find out together with AZC.News in the article below!

Azcnews Breaking (19)
Table of Contents
What is Portal?
Portal is a Web3 gaming platform similar to Valve Corporation’s Steam, developed to facilitate gamers’ interaction with blockchain gaming more conveniently. The goal of Portal is to assist new players in entering the blockchain gaming market more easily by eliminating the complexities of interacting with various Web3 applications and games.

Portal not only offers a library of over 200 games but also provides favorable conditions for exploration and personalized recommendations. By fostering a vibrant community, Portal encourages connections among players, developers, and content creators to build a robust Web3 gaming ecosystem.

Interface portal

In summary, Portal aims to provide a smooth, secure, community-driven gaming experience and usher in a new era of Play-to-Earn opportunities.

Additionally, Portal is the 47th project listed on Binance Launchpool. Users can stake BNB and FDUSD to earn PORTAL tokens from February 22, 2024, to February 28, 2024.

Key Products of Portal
Portal Platform
As of February 2024, there are over 200 games on the Portal platform. This serves as a centralized access point for users to engage with all games on Portal. Coupled with Portal’s Passport feature, users can log in once and manage their personal information and assets across different games and blockchains.

200 Game

Currently, Portal has integrated with Avalanche, Solana, Base, and Polygon, with plans to expand to more blockchain platforms in the future.

Portal Wallet
The Portal Wallet is designed with a simple registration service, eliminating the complexity of managing seed phrases and private keys while ensuring user safety. Additionally, the Portal Wallet is compatible with web2 social media platforms such as Discord or Google, allowing users to synchronize their personal data.

Companion App
The Companion App is a supportive application for gamers, offering features such as:

Discovery: Providing information and content about the latest Web3 games.
Cross-chain trading: Buying, selling, and exchanging assets from various blockchains.
Social network: Connecting with other users on the platform.
Staking-to-access: Allowing users to exchange participation points for Launchpad through this program.
Cross-chain Functionality
Cross Chain

The PORTAL token is developed on LayerZero, enabling games to utilize a unified exchange system and use PORTAL as the common currency. LayerZero technology facilitates easy interaction with various blockchains, opening up numerous opportunities in the gaming industry and creating significant competition.

Related: What is Ronin Network (RON)?

What is PORTAL Token?
Basic information
Token name: Portal
Ticker: PORTAL
Blockchain: Ethereum
Token standard: ERC-20
Contract: 0x1bbe973bef3a977fc51cbed703e8ffdefe001fed
Token type: Utility & Governance
Total supply: 1,000,000,000 PORTAL
Circulating supply: Updating…!
Allocation
Allocation

Team and Advisors: 23%
Treasury: 23%
Private sale: 22%
Public sale: 11%
Community Incentives 1: 10%
Binance Launchpool: 5%
Community Incentives 2: 4%
Liquidity: 2%
Use Case
Transaction fees: Used to pay fees for transactions within the ecosystem.
Governance: PORTAL token holders can participate in Portal’s development decisions.
Staking: Users can stake PORTAL tokens on Portal Launchpad and receive rewards.
Special events: PORTAL token holders can participate in special events offered by the platform.
Release Schedule
According to the project, the release schedule for PORTAL tokens from February 2024 to February 2031 is as follows:

Vesting

Roadmap
Portal announces the project development roadmap as follows:

Q1/2024:

PORTAL token TGE.
Web2 game activation.
Foundation.
Portal token staking platform.
Deployment of Portal’s node network and allowing PORTAL token holders to become validators.
Development of Discovery platform, similar to Steam.
Development of Launchpad.
Q2/2024:
Development of Gaming Wallet.
Establishment of Marketplace SDK.
Development of cross-chain functionality.
Web2 Game Activation.
Q3/2024:

Launch of NEXUS cross-chain liquidity gaming exchange.
Web2 Game Activation.
Expansion to other blockchains.
Q4/2024:

Expansion to other blockchains.
Web2 Game Activation.
Team
Portal is developed by a team of over 70 members, including positions such as developers, marketing, partnerships, etc. However, as of now, there is no official information available about these members.

However, the project has announced the list of members in the advisory board, including top experts in the industry, such as:

Jamie King: Co-founder Rockstar Games
John Yiao: CEO Team Secret
Russell Hanson: Co-founder & Chief Scientific Officer Endjinn AI (Consensys)
Matt Dixon: Former Director of Business Development and New Markets at EA Games
Investors and Partners
Portal has attracted $29 million USD from two rounds of token sales, including Pre-sale and Private sale, which accounts for approximately ~32% of the total token supply.

Raise

Portal’s partners include reputable names with a plethora of well-known Web3 projects and games such as Star Atlas, Magic Eden, among others. Additionally, Portal has established a strategic partnership with WWE Agency, a leading global entertainment company, known for numerous entertainment, sports, and celebrity programs.

Most recently, Portal has become the 47th project to join Binance Launchpool.

Similar projects to Portal include
Xai: Xai is a layer 3 blockchain built on Arbitrum, aiming to develop a blockchain specifically for the gaming industry. Xai aims to provide a smooth and user-friendly gaming experience on the blockchain.
Ronin: Ronin is a blockchain researched and developed by Sky Mavis.
Project information
Website
Twitter
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.


Read Less
#Portal
5.0/5

(1 vote)
Leave a Reply
Your email address will not be published. Required fields are marked *

Comment *

Twitter

Telegram

Name *

Save my name, email, and website in this browser for the next time I comment.

LATEST

Azcnews Breaking (22)
News 29/02/2024

Gemini Fined and Refunds Customers

Gemini agrees to settle with a New York regulatory agency, while also refunding $1.1 billion to customers of the Earn program.

Azcnews (2)
News | Altcoin | Editor Choice 29/02/2024

XRP Whales Shift 62 Million Tokens in Price Rally
Noteworthy whale activity stirs speculation as XRP, backed by Ripple, experiences a surge in price.

Azcnews Breaking (20)
News 29/02/2024

Binance Lists Portal (PORTAL) on Binance Launchpool

Cryptocurrency exchange Binance announces the listing of its 47th launchpool project, named Portal (PORTAL). Details can be found here!

Azcnews Usa Bitcoin (2)
News | Bitcoin | Editor Choice 29/02/2024

Bitcoin Adjusts as US Government Moves $1 Billion in BTC

Following a momentary dip below the $60,000 mark, Bitcoin swiftly rebounded, poised for a resurgence beyond its previous record peaks.

Azcnews Eth
News | Altcoin | Editor Choice 29/02/2024

Surge in Profitable Ethereum Transactions

On average, ETH investors were reaping profits exceeding 20% on their holdings.

Top views
1
OKX to List QnA3.AI’s GPT Token on its Spot Market
2
Vitalik Proposes Open-Source Fix for Elon Musk’s Dilemma
3
Bitcoin Surges to $59,000 Ahead of Halving Event
4
What is Portal? Information about PORTAL Token?
5
Bitcoin Hits $60,000 Mark Driven By ETF Inflows
6
SEC Appeals for Extension in XRP Lawsuit Remedies Briefing Schedule
7
Analyst Forecasts Bitcoin to Reach $100,000 by 2024
8
What is QNA Token? QnA3 Integrated AI Technology DApp
9
Bitcoin Price Could Reach $200,000 Next Year
10
XRP Whales Shift 62 Million Tokens in Price Rally
About AZC.News

About Us
Contact Us
Advertise
Terms of Services
Market

Analytics
Top Crypto Exchange
Top Cryptocurrency
Knowledge

Research
Glossary
Earn

Airdrop
Social Community

Copyright 2024 © AZ Coinerould Reach $200,000 Next Year
10
XRP Whales Shift 62 Million Tokens in Price Rally
About AZC.News

About Us
Contact Us
Advertise
Terms of Services
Market

Analytics
Top Crypto Exchange
Top Cryptocurrency
Knowledge

Research
Glossary
Earn

Airdrop
Social Community

Copyright 2024 © AZ Coiner