What is Portal? Analysis of the 47th project on Binance Launchpool

What does the Portal Universal Gaming project have that makes it to launchpool on Binance? Let's find out with Dong Lao Play Coin

1. What is Portal?

Portal is a multi-chain game ecosystem building platform, using LayerZero's technology, with the mission of attracting more players to web3.0

Portal makes discovering and playing Web3 games easy and smooth. Through a single account layer, players can access the largest network of web3 games with the best experience.

Users can play games on all chains using only Portal's tokens and multi-chain infrastructure.

2. Core products of the project

The Portal platform includes the following core products:

Portal Wallet: 

Portal Wallet is designed to simplify players' transition into the world of Web3 gaming, providing users with a unified identity that integrates seamlessly across all games on the platform.

Simple user registration is done through automated wallet services, eliminating difficulties such as seedphrase and private key management, which ensures user experience. be safer and smoother. Players  can quickly log into Web3 with just one click, compatible with major platforms like Discord and Google.

A user's user ID on the platform synchronizes the wallet address with the user's own unique IDs, allowing for detailed data collection and analysis about the player. Unlike centralized systems, Portal's player data is controlled and monetized by the players themselves, who can provide access to and withdraw consent to data sharing at any time. based on their user ID.

Companion App: Companion App is an application that hopes to bring convenience and seamless connectivity to the Web3 gaming experience.

Players can take advantage of the application to:

Explore: Users can browse featured games and content – ​​continuously updated and keeping users informed through search engines and cross-chain recommendations.

Cross-Chain Asset Trading: Ability to buy and sell game assets on different chains.

Social interaction: Find friends to play with and chat with.

Stake to scale: Participate in games on the Portal platform.

Portal platform

A key feature is Portal's Passport, a single sign-on solution that aggregates player identities and assets across different games. It also introduces a powerful middleware that manages on-chain transactions for games, enhancing the gaming experience and allowing players to participate without deep knowledge of Web3.

Portal seamlessly connects players to a rich library of over 200 games, facilitating easy exploration and personalized recommendations. Fostering an active community, Portal facilitates connections between players, developers and content creators, creating the largest Web3 gaming ecosystem.

Safety is of utmost importance with the goal of implementing state-of-the-art security to protect user assets and ensure a safe gaming environment.

The platform also promotes easy discovery of new games and insights from content creators.

Overall, Portal aims to provide a smooth, social and secure Web3 gaming experience, marking a new era of unlimited gaming possibilities.

Cross-chain Functionality

The Cross-Chain function in Portal uses the $PORTAL token, built on the LayerZero protocol, with the goal of connecting games in the Portal network through a unified exchange system and using $PORTAL as the default currency determined.

The LayerZero protocol connects independent blockchains, enhancing network effects, security, speed, scalability and liquidity, creating smooth cross-game transactions.

Portal, with its interoperability and cross-chain nature, can interact with a variety of blockchains, helping expand in Web3 gaming and creating the perfect environment for games according to their needs.

3. PORTAL token 

3.1 In the design of the Portal Platform, $PORTAL, plays a central role.

Token Portal serves many purposes within the network, including:

Transaction fees: $PORTAL is used to pay multi-chain transaction fees

Platform Payments: Use $PORTAL in marketplaces like MagicEden, or to buy and sell in-game assets on the platform.

Governance: Vote and influence the future direction of the Portal coin and platform.

Staking: Stake $PORTAL to access the biggest upcoming launches on the platform's Launchpad.

Exclusive Access: Access and purchase exclusive NFTs from Portal's partner network.

Buy Node: Buy Node to provide security for Portal's core platform and infrastructure

3.2 Tokenomic

As of February 21, 2024, Portal raised $29,000,000 through private and public sales. The project sold 33% of the supply to fund the development of the platform and ecosystem.

As of February 21, 2024, PORTAL's total supply is 1,000,000,000 and the circulating supply upon listing will be 167,134,615 (~16.71% of total token supply).

Key metrics (as of February 21, 2024)

3.3 Token Distribution

Token NamePORTALBinance Launchpool5.00% of the total token supplyTeam & Advisors23.00% of the total token supplyTreasury23.00% of the total token supplyPrivate Sale Investors22.00% of the total token supplyPublic Sale Investors11.00% of the total token supplyCommunity Incentives – 1 10.00% of the total token supplyCommunity Incentives – 24.00% of total token supplyLiquidity Reserve2.00% of the total token supply

3.4 Token Release

4. Roadmap

Q1 2024:

  • $PORTAL TGE – Market launch of $PORTAL on major cryptocurrency exchanges. Launched on ETH Mainnet.

  • Activate Web2 Game

  • Fund – Launch of the Portal Fund for Portal's platform and ecosystem

  • Staking – Stake-To-Access platform launched to stake $PORTAL to receive points to use in Portal Launchpad.

  • Nodes – Implements the Node network and the ability for $Portal owners to become validators within the Portal network.

  • Discovery Platform – Launch of the Discovery platform, showcasing the best of Web3 games in Portal's ecosystem.

  • Launchpad – gives $Portal holders access to the next most important GameFi tokens and NFTs from within the network.

Q2 2024:

  • Game Wallet – Launching Game Wallet.

  • Marketplace SDK – Launch of Portal's Marketplace SDK for cross-chain asset trading.

  • Cross-chain Expansion – Expanding $PORTAL and the gaming platform to new chains.

  • Web2 Gaming Activation – Web2 IP Activation for Esports + Digital Collection.

Q3 2024:

  • NEXUS (DEX) – Launching Portal's on-chain liquidity gaming exchange.

  • Web2 Gaming Activation – Web2 IP Activation for Esports + Digital Collection.

  • Cross-chain Expansion – Expand the $Portal and gaming platform to new chains.

Q4 2024:

  • Cross-chain Expansion – Expand the $Portal and gaming platform to new chains.

  • Web2 Gaming Activation – Web2 IP Activation for Esports + Digital Collection.

5.Investor & Partner

Partner: MagicEden, LayerZero, WME, M80 Esports

6. Projection of Dong Lao Play Coin

This Portal project is opening a new direction in the Gaming Crypto market. The platform provides multi-chain liquidity with access to just the $PORTAL token.

Portal is taking an important position in pioneering the world of Web3 Gaming. Using LayerZero's advanced technology, the project creates a powerful bridge between games on various blockchains.

By minimizing technical barriers and providing a flexible multi-chain environment, the project changes the way players engage and interact with the game. At the same time, the implementation of the Node network and features such as Staking and Voting also promote community participation in the development of the project.

With a clear roadmap and ambitious expansion plans, Portal is gradually asserting its position as a cutting-edge platform in the blockchain gaming industry.