Portal (PORTAL)

Portal Coin is the first cross-chain gaming platform with over 200 platforms that aims to revolutionize the web3 gaming industry by connecting blockchain games across different networks. It is a part of the Portal ecosystem, built upon the LayerZero omnichain protocol.

The Portal gaming ecosystem consists of:

• Gaming platform: connects different web3 games on one platform, allowing users to explore and play in a more simple and accessible way.
• Gaming Wallet (upcoming): A non-custodial wallet secured by Web2 authentication access and easily integrated into blockchain games via a simple SDK. The wallet simplifies the signing up and logging in processes, improving overall user experience.
• Portal Launchpad (upcoming): allows users to invest in the most promising upcoming NFTs and token launches across different chain networks.

Token Utilities: The entire ecosystem is powered by the native $PORTAL token. Its main purposes include participating in the Portal Launchpad, paying cross-chain transaction fees, rewarding node runners, and empowering the Portal network's Proof of Stake mechanism.

In December 2023, the company hosted a Pre-Sale and Private funding rounds, securing over $28.7M million from Jamie King (Rockstar Games Cofounder), Matt Dixon (Global Director of Platform EA Games), Adrian Lai (Newman Group CEO), John Yao (CEO Team Secret), and community members.

Now, it has established a partnership and officially announced a Binance coin PORTAL IEO and listing, allocating 5% of the total supply. 

Considering this information, the CoinLaunch team found some pros and cons you definitely should consider before investing in Portal token or participating in the IEO.

PortalCoin pros: 

• Great product design & concept
• Quite strong PR, SMM, Influencer Marketing, and Growth marketing performance
• Launched on the Binance launchpool
• Have a strong board of advisers and partners 
• The presence of a few upcoming security audits from top-tier companies, including CertiK.

PortalCoin cons:

• Lack of any public information about the team's experience and identity
• Weak marketing infrastructure and SEO performance
• Relatively High Token Inflation Rate (2.9%)
• High % of tokens allocated for Sales (38%) 
• Lack of top-tier funds supporting the project