Portaltobitcoin, which raised $42.5 million, joins the race to get lite nodes airdrop
【Portaltobitcoin】
Rating: Priority
There are several projects with the abbreviation of project name as Portal. Please pay attention to distinguish them. The full name of this project is Portaltobitcoin.
Portal is a DeFi project built on Bitcoin that conducts anonymous, zero-knowledge transactions through cross-chain DEX. It eliminates the risks of minting wrapped tokens (i.e. wBTC, wETH) or dealing with intermediaries. Portal introduces trustless, bridgeless, and wrapper-free cross-chain atomic swaps, allowing developers to seamlessly integrate the SDK into their chain or dApp.
Why I gave it a "priority" rating is actually quite confusing, mainly because this project has received investment from a large institution, and the investment amount has reached 42.5 million US dollars. But I also think it may not be "priority" because this project clearly stated that its airdrop is not a direct distribution of tokens. Secondly, users who participate in the test network first can obtain Lite Node nodes in the top weekly rankings (at the current stage, the weekly ranking will divide you into a certain group. For example, if you are in the Monday group, then your ranking will be calculated based on the points from Monday to next Monday, and so on). Only by owning this node can you continue to participate in the next step of real rewards. As for how many rankings are considered top, the official has not made it clear, and how Lite Node will participate in the future and how the airdrop rewards will be distributed has not been stated. In addition, the current functions of the test network are still prone to bugs and are not smooth.