Web3 World’s Steam? Understand Binance's Latest IEO Project Portal in One Article

Author: TrendX

Recently, a very popular project called Portal Gaming has been trending on Twitter. According to TrendX's Twitter sentiment and engagement metrics, the average sentiment score this week is about 24.22, indicating a relatively positive market sentiment. The volume of discussions on Twitter is around 20,000, with 6,385 tweets (about 30%) identified as positive information by AI. The number of Twitter followers for Portal Gaming has also increased by 16% in a week, reaching nearly 280,000 followers, and the active engagement is substantial, with nearly a million views on each tweet within 24 hours, showcasing the project's high level of attention.

Today, let's explore what Portal Gaming is all about, the reasons behind its explosive attention, and how to participate in the presale starting on December 14.

What is Portal Gaming?

Portal Gaming is a platform specifically designed for Web3 games;

The platform focuses on features like one-click login with Portal Passport and easy payment;

It provides a system to manage all in-game assets in one place, such as NFTs, account abstraction, etc.;

The platform emphasizes connecting with friends and suggests social or multiplayer gaming features;

Play games on any chain, indicating support for cross-chain operability, supported by the leading interoperability protocol LayerZero, enabling seamless integration between games across chains;

The website lists over 200 games, covering various types such as MMORPGs, strategy games, survival games, etc. Portal Gaming aims to connect games and players across different blockchain networks based on LayerZero, establishing a unified Web3 gaming ecosystem and providing players with access to a wide range of games and distribution opportunities. On October 12, Portal announced integration with Polygon, and on October 26, it integrated with Avalanche, with future plans to integrate with networks like Solana, Polygon, and Klaytn. In simple terms, Portal intends to become a Steam-like gaming platform in the Web3 world, integrating a large number of games and overcoming cross-chain and payment issues through network integration and Layer0 technologies, aiming to allow players to play freely and smoothly on one platform.

What is Portal Coin?

It is the universal gaming currency and native coin of the Portal gaming platform, serving as a link between Web3 games and gamers, and can be used for governance, buying and selling in games, and other scenarios.

The platform is developed by LZ Technology, including market integration, allowing the use of Portal tokens across various markets. For example, Portal Gaming has established a distribution partnership with the leading cross-chain NFT platform Magic Eden, enabling users to purchase any NFT using Portal tokens. This makes the token a verified currency through Magic Eden, providing additional utility.

Portal tokens can be used to buy and sell in-game items, adding a layer of utility and interactivity for players.

Users can vote and influence the future direction of Portal tokens and the platform, demonstrating a community-driven development and governance approach.

By staking Portal tokens, participants can earn rewards from the foundation and partners. Players can increase points in the mining pool through staking, thereby influencing the distribution of rewards received by the pool.

Users can access and purchase exclusive NFTs from the platform's partner network.

They can choose to purchase nodes to power the core entry website infrastructure and platform, highlighting a decentralized approach to maintaining and operating the platform.

Team and Partners

According to the white paper, Portal Gaming is developed by the Cayman Islands organization Portal Foundation, with a team from many top gaming studios, having participated in the construction of many disruptive games. The known members of the Portal Gaming team disclosed on Portal's Twitter are as follows:

John Yao: CEO of esports club Team Secret. John Yao will provide insights and resources into the mainstream esports field; he is a recognized industry expert in esports, having been featured in CNBC Squawk Box, Forbes, Esports Observer, and other global publications. Team Secret is a globally renowned esports club, ranking in the top ten for total revenue in historical tournaments and managing six professional teams with players and staff across more than 20 countries.

Russell Hanson: A scientist, technology expert, and entrepreneur with over 15 years of experience in artificial intelligence, health, data science, and cryptocurrency. He served as Chief Scientist for the Consensys Endjinn AI team from 2018 to 2019, responsible for developing and refining AI models for cryptocurrency. He is currently the Chief Innovation Officer at Sama Therapeutics, leading the innovation and development of the iMAGiNE precision neuropsychiatry AI/ML platform. Russell Hanson will bring generative AI and automation to Portal Gaming and its expanding library of games and digital assets.

Jamie King: A co-founder of Rockstar Games before 2006, known for the Grand Theft Auto series. He currently serves as EVP/Marketing at Solace Lifesciences, Inc., and is also the Executive Vice President of Esports at Engine Shop. Specializing in go-to-market strategies and leading cross-functional teams to create new products and dynamic marketing campaigns, Jamie King's primary responsibility at Portal Gaming is to drive the integration of Web2 games and provide strategic advice on game and IP creative direction.

Matt Dixon: An experienced gaming industry professional with over 15 years of leadership experience in game development and publishing. He is currently the CEO and co-founder of Landmarket and previously served as Director of Business Development at Electronic Arts from 2016 to 2022.

Strategic investors in Portal Gaming include Newman Group, which will provide advice on Portal Gaming's Asian strategy. Game partners include Space Nation, Oxya Origin, Nine Chronicles, Crypto Unicorns, MagicCraft, DeFi Kingdoms, and others. Other partners include LayerZero, Magic Eden, M80 (an esports and gaming organization), and MWE (an entertainment culture institution).

Token Economics

The maximum supply of Portal tokens is 1 billion, which will be minted at the genesis and then released to the community treasury over time. The main uses of the token are as follows:

Used to pay transaction fees. Transaction fees consist of cross-chain transactions verified by Portal nodes and native fees on the Portal network. After players pay transaction fees, a portion will be burned, and a portion will be placed in the treasury, with tokens in the treasury redistributed as rewards to nodes, game developers, and back to players.

Used as a price benchmark and payment option; all transactions within the Portal network will support Portal tokens as one of the payment options for in-game or game-related markets, and all fees related to any cross-chain transactions conducted through the Portal network will be priced in Portal tokens.

Used for voting and staking gameplay: Players and games can earn rewards through staking and can also vote to help games gain higher visibility and attention on the Portal Gaming platform. Portal refers to this incentive system as the stake-to-scale system, benefiting both players and games while decentralizing game distribution.

Used to provide liquidity: Portal tokens can also play a natural role in providing central liquidity for on-chain game tokens and game assets, thereby gaining some economic benefits for the Portal ecosystem as a whole.

For reward distribution in scenarios like mining, Portal Gaming will adjust the distribution of Portal tokens based on the staking ratio. In the diagram below, the horizontal axis S represents the proportion of all circulating Portal tokens that are staked, while the vertical axis represents the distribution G of game Portal tokens. In the game distribution, the tokens allocated to node operators will be 20% of the game distribution tokens.

Airdrop Points and IDO Information

First, Portal Gaming will launch its presale on December 14, with specific details yet to be announced.

However, the recent Crystal Dash points airdrop event for presale warm-up should be related to the presale mechanism, which is a score economy model where points will determine the user's level, with different levels corresponding to different rights. Specific details about the rights associated with registration have not been disclosed, but obtaining points for upgrades is certainly a way to gain some benefits! So how can you earn Crystal Dash points? The specific participation methods are as follows:

First, users must meet the following conditions and actions:

Follow the @Portalcoin Twitter account and track it.

Find the Crystal Dash link.

Register and start participating in @Portalcoin content.

Create content on Twitter X tags and @Portalcoin. Users can earn points by viewing, liking, replying, retweeting, and quoting:

Views: 2 points for each view.

Likes: 10 points for each like.

Replies: 20 points for each reply.

Retweets: 25 points for each retweet.

Quotes: 30 points for each quote.

Points multiplier: This multiplier will affect the number of points users can earn through actions and may increase based on the number of followers the user has.

Currently, the Crystal Dash points activity of Portal Gaming has reached its most intense and highest volume round. If you are interested in Portal Gaming, participating in related topic discussions through the Twitter account can easily earn you points, so don't hesitate to take action. The official presale information should be announced soon.

Conclusion

According to the market research results disclosed by the official team, the overall gaming metaverse market has exceeded $192 billion. Portal is not just a gaming platform; it represents a grand vision for the future of gaming, dedicated to pushing Web3 games into the mainstream market and bringing more possibilities to the gaming industry. It marks a new chapter in the integration of gaming and blockchain technology. The narrative of Portal has generated immense anticipation among entertainment gaming users. If it successfully follows its planned path, it is bound to become a significant work in the Web3 and gaming fields. Everyone can learn more about and participate in the Portal Gaming project, enjoying the games casually while also investing cautiously.

Related address: https://app.trendx.tech/projects/814755ec2afca14f8882cf955345a6225e75332afae3b68d78bfd5c061795bac

Official website: https://www.portalgaming.com/

Official Twitter: https://twitter.com/Portalcoin