Porta Review 2021: the gateway to a decentralized future | by La Capitale | The capital | Jul 2021


From a comprehensive overview of the platform, it’s crystal clear that it is on its way to establishing an ecosystem where everyone is entitled to the security, opportunities and privacy that Web 3.0 offers. The world is changing rapidly and is subject to constant change. Thus, the population of individuals deprived of access to Web 3.0 products, or who are not even aware of them, continues to increase every day. Porta solves this problem by creating a blockchain on the substrate, as well as custom products to give everyone free and unrestricted access to Web 3.0 products. Also, with this, one does not have to go through the stress of creating a whole new blockchain on his own, while you can just enjoy the products and services offered by other developers. You can integrate these products into your decentralized applications, making dApp development more accessible.

In summary, Porta offers a platform of software solutions that other projects can integrate from the network and also offers software products to end users in the form of NFT, decentralized finance, dApps, etc.

One thing that sets Porta apart is its attention to the user experience. While it might not be the best, it definitely held up. To this day, the difference between its UX and most of the competitors in the market is obvious.

That said, here are some basic features offered by Porta Network.

Porta builds its blockchain on Substrate. While we all know that Polkadot is built on a substrate, and blockchain projects built using a substrate can work like native projects on Polkadot, Substrate still has uses that go beyond this idea. You can use it to create new blockchains, and that’s the path Porta is taking.

Essentially, the substrate is a framework for creating decentralized systems by implementing a very negligible amount of hooks in the code.

In short, the porta network will ensure the creation of a unique blockchain that offers unparalleled experiences to users of any skill or experience level.

Besides the network, it also has a Porta Pass, which allows you to interact with Dapps on the Porta blockchain and is designed to give you the best experiences on the platform.

Porta Connect comes in the form of a one-click button that gives users access to a range of decentralized services and applications integrated into the platform.

The main products offered by Porta may include DeFi products, like P2P loans, decentralized exchanges with NFT, etc. These products are available to all members of the community or anyone who wants to access them seamlessly. Several other software and web software solutions will be available to end users while providing functionality to integrate with other platforms.

For now, the platform still uses the KIAN token, from the previous Kianite project. As the project progresses and launches its blockchain built on the substrate, the token will eventually become PRTA. Currently, the token is listed on PancakeSwap, Bibox, and MXC, which is pretty impressive for a project this long. In three months, Porta has racked up volume with the potential to enter even more notable exchanges within legal jurisdiction.

Again, the transition to PRTA will open the token to a wide range of use cases. Since this will be the coin of the newly created blockchain, the usability will go beyond the previous framework.

Management recently confirmed their intention not to burn this token. They believe that the price becomes regulated when the token accumulates value. Thus, by adding value to the community through the creation of strong and competitive products that offer excellent design and experience, the price of the token, as well as inflation, will be brought under control.

For a project like this, it’s worth looking at your smart contract, audits are done, and smart contract security. Porta is adopting a token smart contract similar to major exchanges such as Uniswap and Compound for their tokens, UNI and COMP respectively. They are solid, reliable and stable frameworks; thus, tapping into this alternative makes sense.

Porta has implemented a staking program, which allows holders of its governance token to lock in their assets and access additional bonuses and incentives, such as large returns. This in order to strengthen the ecosystem. The more users stake their token, the more steadily the overall value of the ecosystem increases.

Porta requires users to store their tokens in the MetaMask wallet before accessing staking. Therefore, all you need to do is connect the staking contract to the wallet and deposit tokens to the preferred pool. Porta seamlessly returns each reward to the wallet when the time is right.

Mainly, it offers two forms of staking using an asset pool through PancakeSwap. These are liquidity staking and traditional staking. Each has its distinct characteristics that match users based on their profitability goals and level of experience.

As a user, you can withdraw your tokens earlier assuming they have passed the mandatory blocking period. However, this comes with more negligible rewards compared to people who will stake for a longer period of time. The Porta team is looking to revamp the staking to make owning their token more attractive to current holders and new investors looking to support the project.



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