On February 21st, Binance announced the 47th issue of Lanchpool project @Portalcoin, which supports BNB and FDUSD staking mining. Most people were not expecting this news. The hair-raising party regretted not sending more tweets, and the investment circle regretted why they did not include more E’s.
The reason is that from November to December last year, the Chinese area was basically filled with Tweets to gain points, and there were very few positive reports about Portal. At one point, some people questioned that their official website was exaggerated and intended to make money through viral marketing. Even the investors who participated in the pre-sale still thought that the project would be successful after they cautiously paid.
Facts have proved that those who think independently and participate deeply have the last laugh, and this wave of operations amazed everyone. Overall, excluding teams and investors, these three groups are about to win:
① Rich "gamblers": In December last year, the market conditions were not good, and there were many Fud voices about Portal. These people were still playing dozens of games, and there was obviously an element of gambling in it. Fortunately, they made the right bet. After Portal is listed on Binance, their rate of return will be the envy of others.
② Large BNB holders: The average return rate of Binance’s Launchpool in the past seven periods is approximately 142%. Holding BNB not only reaps the increase in BNB, but also gets a lot of new coins for free. The amount of BNB pledged in this period has reached a new high, which shows the market expectations and the big investors are comfortable again.
③"Lost the Saint": Portal launched two seasons of social mining at the end of last year, and it is said that some overseas bloggers earned a huge amount of points. Referring to the token model, 14% of tokens are used for community incentives. If the team structure is large, a larger proportion should be allocated to social mining participants, and those at the top will get the meat.
What are the next opportunities to get involved?
①Participate in Binance mining, there are only 3 days left: https://launchpad.binance.com/en/viewall/lp
②Apply for the founder node and unlock VIP access rights, voting rights and $PORTAL token rewards:
https://ulczjsstfq8.typeform.com/to/PnNVMYwx?typeform-source=t.co
③Follow official news, receive airdrops in time and participate in subsequent incentive plans: https://dashboard.portalgaming.com/
④Participate in the Binance new user reward event and share 100,000 $PORTAL:
https://www.binance.com/zh-TC/activity/marketing-campaign/d1461b341e8c41148f1a475645ee31bd
1) Project introduction
Portal aims to connect games and players on different blockchain networks based on LayerZero, establish a unified Web3 game ecosystem, and provide players with access to a large number of games and game distribution opportunities.
Public information shows that the official has integrated 200+ blockchain games, covering various types such as MMORPG, strategy games, survival games, etc. Game partners include Space Nation, Oxya Origin, Nine Chronicles, Crypto Unicorns, MagicCraft, DeFi Kingdoms, etc., and others Partners also include LayerZero, Magic Eden, M80 (esports and gaming organization) and MWE (entertainment and culture organization).
For more project information, please refer to Binance Research Report: https://www.binance.com/en/research/projects/portal
2) Financing situation + consultant background
At the end of December last year, Portal announced the completion of a new round of strategic financing. The specific amount was not disclosed. Sotheby's Vice President and Head of Digital Art and NFT Michael Bouhanna, MonnPay co-founder Max Crown, 9GAG CEO @9gagceo, Pixelmon CEO GiulioX, Parallel co-founder Kalos and others participated in the investment.
In addition to receiving financial support, Portal also has a strong advisory group:
①John Yao: CEO of the e-sports club Team Secret. Team Secret is a European professional team established in August 2014. It mainly participates in competitive projects such as "League of Legends" and "DOTA 2".
②Jamie King: Co-founder of Rockstar Games. Rockstar Games is a game development branch of Take-Two Interactive. It was established in 1998 and is best known for its Grand Theft Auto series.
③Russell Hanson: Formerly the Chief Scientific Officer of the Consensys Endjinn AI team from 2018 to 2019, he will introduce generative AI + automation to Portal and its expanding library of games and digital assets.
④Matt Dixon: He served as the business development director of Electronic Arts from October 2016 to August 2022.
3) Token model + usage
The total number of $PORTAL tokens is 1 billion, of which 5% will be released by Binance Lanchpad, 23% by the team and advisors, 22% by private investors, 11% by public investors, and 14% by community incentives.
As the native utility and universal gaming token in the Portal ecosystem, $PORTAL has the following features:
Transaction: Users can use $PORTAL in the game to purchase game props and other game experiences online.
Cross-chain fee token: Users can use $PORTAL to pay cross-chain transaction fees.
Staking: Users can stake to access tokens and NFTs from the portal launchpad.
Node: Users can purchase Portal nodes to assist in verifying the network.
Network Consensus: Users can stake $PORTAL into nodes to further expand their network validation efforts.
4) Price prediction
According to statistics from Planet Daily, the average annualized return rate of Binance’s Launchpool in the past seven periods has reached approximately 142%. If PORTAL’s annualized rate of return is also 142%, and a total of 16 million BNB are involved in mining, calculated based on the BNB price of 364 USDT, then the reasonable price of PORTAL is 16, 000, 000 × 364 × 2.7% ÷ 40, 000, 000 = 3.96 USDT.
If calculated at 3.96 USDT, the initial circulation market value of PORTAL will reach 660 million USD, which is at risk of being overestimated. It is recommended to make a conservative estimate. If calculated based on the yield of XAI, which is also a blockchain game sector, the initial price will be 2.4 USDT.