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Portal (PORTAL)

Past
Total Raise: $33,395,000
Date: 29 Dec - 29 Feb

Portal Coin is a cross-chain gaming platform designed to unify the web3 gaming economy, utilizing LayerZero's messaging protocol. The platform already hosts over 200 web3 games across different chain networks, including Polygon, Avalanche, and Solana.

It is powered by the native $PORTAL token, which can be used for in-game transactions within supported games, staking, paying fees, and empowering the Proof of Stake consensus mechanism within the Portal ecosystem.

❗️ ❗️ ❗ IMPORTANT:

Please note that all information, including our ratings and reviews, is presented purely for educational purposes. CoinLaunch isn't a financial advisor and doesn't intend for the information to be perceived as investment advice or recommendations. Our project evaluation methodology encompasses 89+ distinct variables/metrics, refined over time through the team's rich 7-year experience.

Portal Overview

Ticker: PORTAL
Country: N/A
Industry: GameFi
Founded: 2023
Whitelist: No
Blockchain Network: Ethereum, Polygon, Avalanche, Solana
KYC: Yes
Bounty: Yes
MVP: Yes
Type: IEO, ICO, Equity
Security Audit: Yes

Portal Review

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

Portal Token Economy

Total Raise: $33,395,000
Total Supply: 1,000,000,000
Private/Pre-sale: 220,000,000 (22%)
Public Sale: 160,000,000 (16%)
Fully Diluted Valuation (FDV): $87,900,000
Initial Circulation Supply: $14,691,133 (16.71% of FDV)

Portal Token Sale (ICO & IDO) Rounds

Private: 15 Dec - 29 Dec

Price: $0.087
Tokens for sale: 220,000,000
Raise: $19,140,000
Lock-Up: Linear vesting with unlock of 1.3% of total supply every ...
ICO: 15 Dec - 29 Dec

Price: $0.087
Tokens for sale: 110,000,000
Raise: $9,570,000
Lock-Up: Linear vesting with unlock of 0.62% of total supply every ...
IEO: 22 Feb - 29 Feb

Price: $0.0879
Tokens for sale: 50,000,000
Raise: $4,395,000
Lock-Up: No Lock-up, 100% Unlock at TGE

Portal Token Release Schedule

Portal Token release shedule

Portal Funds and Backers
(3/6)

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Matthew Dixon photo
Matthew Dixon
Score:
1 numbers of
investment
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default coinlaunch logo
Adrian Lai
Score:
1 numbers of
investment
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Piers Kicks Photo
Piers Kicks
Score:
1 numbers of
investment
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Portal Marketing Activity

Search Engine Optimization
Social Media & Community Management
PR & Traffic
Marketing Infrastructure
Influencer Marketing
Growth Marketing
Last Update:  27 Feb 2024 Upgrade

Portal News

Portal Roadmap

Q3 2023
  • Portal Ecosystem launches with 250+ games signed onto network;
  • Portal Gaming platform v1 launches;
  • Solana Partnership with Portal announcement.
Q4 2023
  • Polygon, Avalanche, Klaytn & MagicEden Partnership with Portal announcement;
  • Portal Gaming Wallet is announced;
  • CrystalDash launches, driving mass awareness and demand towards Portal;
  • $29,000,000 Private & Public sale;
  • Private sale investors and Advisory announcement.
Q1 2024
  • TGE;
  • Web2 Game Activation; 
  • Portal Staking; 
  • Portal nodes;
  • Portal Launchpad.
Q2 2024
  • Launch of NEXUS (DEX);
  • Web2 Game Activation ;
  • Cross-chain Expansion.
Q3 2024
  • Cross-chain Expansion;
  • Web2 Game Activation.

Portal Airdrop & Retrodrop & Bounty

Airdrop
Portal Coin logo
funds
Start Date:
22 Nov 2023
End Date:
27 Feb 2024
Difficulty:
Easy
Winners:
120,000
Rewards:
$73

Description

PortalCoin is a cross-chain web3 gaming platform built upon the LayerZero protocol. It connects players with different blockchain games across several chain networks. The platform is powered by its native $PORTAL token, which serves multiple purposes including staking, accessing the Portal launchpad, participating in DAO votings, paying cross-chain fees, in-game purchases, and rewarding node runners.

Recently, the platform announced the $PORTAL airdrop campaign, where users were creating and engaging with Portal Coin content.

Read More

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