My Timeline is heavily flooded with,
@portal posts, So I thought to give y'all a little insight into the Portal ecosystem.
Let's see
INTRODUCTION
@portal was founded in 2018 and is headquartered in San Francisco.
They recently rebranded from Portal DeFi to Portal to Bitcoin,
highlighting its dedication to Bitcoin-focused interoperability.
It is the only custodyless cross-chain infrastructure for native Bitcoin.
Where you can swap BTC, ETH, SOL, and any other L1 or L2.
Furthermore,
their atomic swap technology can be used for general purposes, like a market for data and computation.
Portal’s goal is to replace the web server model, which has been prone to centralization by design and architecture, with a free market for data and computation.
Sounded well, then should even be better.
Its TEAM and FUNDING
They have raised 42.5 million USD funding from notable investors like-
- Coinbase
- Shima Capital
- OKX Venture and so on.
Caldera only raised about 25 million, remember🥶
Portal's Co-Founder @geoburke is the 1st Bitcoin debit card creator.
I know you’re not a fan of tech, but for those who care:
Core Tech & Infrastructure:
Atomic Swaps (MP-HTLCs)
This feature utilizes multi-party hash for time-locked contracts for trust minimized along with cross-chain swaps.
BitScaler & Portal OS
It is a proprietary Layer‑3 solution, enabling channel factory architecture for scalable, custodyless, and cross-chain swaps.
Notary Chain & TSS Validators
Decentralized authority via threshold, signature-based notary chain that ensures no single validator can control funds. This is a huge W.
Lightning Network Integration
It leverages the Lightning Network for fast and low-fee Bitcoin transfers, which enhance atomic swap operations.
Atomic swap and TSS Validator model minimizes counterparty and custody centralization risks. This can have a positive impact on decentralization.
Products of @portal
Liquidity Router- Portal Liquidity Router uses
Bitscaler-based Cross Chain, Layer
2 Atomic Swaps to facilitate fast,
cheap cross-chain and cross-layer
transactions. No Bridges or Trust
in Custodians Needed!
Swap SDK- A simple, seamless way to build
Portal DEX functionality into your
Dapp.
Portal Wallet- The Reference Implementation
Multicurrency Wallet with Portal
Layer 2 DEX built in. Wallet extension is available on Google Chrome.
RAFA- AI Investing copilot for busy
investors. Your team of AI agents
focused on helping you make smarter
decisions with hyper-personalized
insights.
Tokenomics of $PTB
$PTB is said to be the native token of the Portal ecosystem. Total supply will be 8.4B,
distributed as follows-
*Share Holder- 29.8%
*LP Rewards- 24.3%
*Foundation- 11.4%
*Validator reward- 11.2%
*Ecosystem Development- 10.2%
*Liquidity- 8.1%
*Airdrop- 2.6%
*Node reward- 1.9%
*Yappers- 0.5%
Its Token Utility
Portal to Bitcoin is being underpinned by three key components:
Validators,
Lite Nodes,
and Liquidity Providers.
Each plays a unique and extraordinary role in maintaining the integrity and functionality of the said network.
Let me know in the comments section what expectations and additions you would love to see from the $ptb team.
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