Portal

Portal (PORTAL) is a cryptocurrency token that operates within a cross-chain gaming ecosystem, aiming to connect games and gamers across different blockchain networks. It is designed to facilitate a seamless multi-chain experience for users, integrating gaming access and distribution for a wide range of titles. Portal’s vision is to onboard the first billion gamers into the Web3 space, making it easier for traditional Web2 gamers to transition into the decentralized gaming world. The token is utilized within the Portal platform for various functions, including game distribution, player rewards, and governance.

• Total Supply:

• 1,000,000,000 PORTAL tokens.

• Circulating Supply:

• 148,533,667 PORTAL.

• Market Cap:

• With a market capitalization of BTC 3,321.1103.

• Fully Diluted Valuation (FDV):

• BTC19,870.8704.

• Use Cases:

• Game distribution, player rewards, governance, and staking.

As of today #{today’s date}, the price of Portal is ₹5.40 INR or 0.0648 USD, with a 24-hour trading volume of 17821782.06 USD. The market capitalization for Portal is 33359213.42USD. The circulating supply is 520877188.79 Portal, with the total supply also being 1000000000 Portal.

Pros:

• Cross-Chain Functionality:

• Portal facilitates interoperability between different blockchain networks, enhancing user experience and accessibility.

• Gaming Ecosystem:

• Targets the large and growing gaming industry, aiming to bring a significant user base into the Web3 space.

• Web3 Wallet Infrastructure:

• Offers a mobile SDK and dApp Browser for generating multi-party computation (MPC) wallets, which is crucial for exploring the Web3 ecosystem.

• Partnerships:

• Portal has established partnerships, such as with LayerZero, to enable seamless multi-chain transactions.

• Governance and Staking:

• Token holders can participate in governance decisions and stake their tokens for rewards.

Cons:

• Market Performance:

• Portal has underperformed against the global cryptocurrency market and similar Ethereum Ecosystem cryptocurrencies.

• Volatility:

• As with many cryptocurrencies, Portal’s price can be highly volatile, which may deter risk-averse investors.

• Complexity:

• The cross-chain nature and gaming ecosystem may be complex for new users to understand and navigate.

• Regulatory Risks:

• The evolving regulatory landscape for cryptocurrencies and gaming could impact Portal’s operations and token value.

• Adoption Challenges:

• Convincing traditional gamers to transition to Web3 gaming platforms may be challenging and could affect the token’s utility and value.

• Growing Gaming Market:

• The gaming industry is rapidly expanding, and Portal’s focus on this sector could position it well for future growth.

• Innovative Technology:

• Portal’s use of cross-chain technology and partnerships like LayerZero could offer a competitive edge in the market.

• Community Governance:

• Token holders have a say in the platform’s direction, potentially leading to a more user-centric development approach.

• Potential for High Returns:

• Early investment in a project with a clear vision and use case could yield significant returns if the platform succeeds.

• Staking Rewards:

• The opportunity to stake tokens and receive rewards could provide an additional income stream for investors.

• Seamless Multi-Chain Experience:

• Portal’s integration with LayerZero and focus on cross-chain interoperability are distinguishing features.

• Web3 Gaming Ecosystem:

• Portal is specifically designed to bridge the gap between traditional gaming and blockchain, creating a unique niche.

• Infrastructure for Developers:

• The platform provides tools for developers to build scalable cross-chain applications without worrying about security vulnerabilities.

Portal addresses the fragmentation in the blockchain gaming industry by providing a unified platform that connects games and gamers across various networks. It aims to simplify the user experience for Web2 gamers transitioning to Web3 and provides developers with the infrastructure to create secure, scalable cross-chain applications.

The information about the founder and team background has yet to be discovered.

• ICO Token Price:

• 1 PORTAL = 3.65 USD.

• Fundraising Goal:

• 50,000,000 Tokens.

• Total Tokens:

• 1,000,000,000.

• Market Volatility:

• The cryptocurrency market is known for its volatility, which can lead to significant price fluctuations.

• Regulatory Uncertainty:

• Changes in regulations can have unforeseen consequences on the value and legality of the token.

• Adoption Rate:

• The success of the Portal token is dependent on the adoption of the platform by gamers and developers.

• Technological Risks:

• Cross-chain technology is complex and may face unforeseen technical challenges.

• Competition:

• The gaming and cryptocurrency markets are highly competitive, with many projects vying for user attention and market share.

The whitepaper for this token has yet to be published.