INTRODUCTION
Why did I buy the PORTAL Token? The thing is, I have always been attracted by cryptocurrency, specifically those that promise more than financial gains and speculation. The first time I stumbled upon PORTAL Token, the potential to become a cross-chain gaming platform was what arrested my attention. Though not a chronic gamer myself, the idea of a decentralized network that has the ability to connect over 200 blockchain games was exciting, to say the least. The other aspects that drew me the most are the innovation, use case, and of course Web 3.
WHAT IS PORTAL TOKEN?
PORTAL Token is the native cryptocurrency of the Portal Platform, it leverages the LayerZero Omnichain protocol to join gaming experiences across a wide range of blockchain ecosystems. The following are the features associated with the token.
i. Blockchain integration: This means that it supports Ethereum and other multiple blockchain networks.
ii. Use Case: it is used for a wide range of cross-chain transaction fees, rewarding node operators, governance, and stacking within the ecosystem.
iii. Supply and Distribution: it has a total supply of one billion tokens, which invariably means that the scarcity intrigues holders and any potential buyer.
The platform itself grants 3 main components:
i. Non-custodial wallet for easy onboarding and transactions.
ii. Gaming platform for discovering and accessing Web 3 games etc.
iii. Launchpad to invest in some game-related NFTs and tokens to mention a few.
My Experience When Purchasing PORTAL Token:
It didn't take much research for me to be convinced about the token considering the fact I am already engrossed with other tokens that are in the same category with it such as Scorum. But of course, I managed to read a few parts of the whitepaper as well as explore the official website as a form of familiarization. Among other things, what stood out most for me was interoperability, which is something that is missing in the world of the blockchain gaming industry. Also, I made a foray into their telegram channel as well as their X (Twitter) channel just to gauge the sentiments of the community. I noticed that the community was lively with excited users about upcoming releases and partnerships, a feature the Scorum community somewhat has.
Where I Bought PORTAL Token:
I bought the token on Bybit, which is one of the platforms the token is listed on. The purchasing process was seamless, however, I had to ensure that my wallet was compatible with LayerZero-supported token, Metamask as usual worked seamlessly during the exchange.
My Buying Experience:
I purchased the token at around 0.07 per token, this seemed reasonable given its potential. The transaction fees were manageable, thanks to LayerZero’s optimization on Ethereum with its gas fees.
WHY I BOUGHT THE PORTAL TOKEN.
i. The strong use case: PORTAL is not just a token, in fact, it is a part of an ecosystem that intends and as well solves real problems in blockchain gaming. The ability to connect disparate gaming platforms that aim to create a united experience for players and developers is just mind-blowing.
ii. The Growth Potential in Web 3 Gaming Industry: it is common knowledge to crypto enthusiasts that the gaming industry is massive, and its shift to blockchain cannot be avoided. PORTAL intends to approach the transition in a seamless way which convinced me of its potential.
iii. Community and Backing. The active community and potential partnerships with gaming developers and releases gave it credibility. in addition, the use of LayerZero protocol adds a degree of technical reliability.
iv. Passive Income Opportunities: the platform has an existing staking and governance options for holders. One can confidently surmise that PORTAL Token is not just an asset for speculation but a way to earn rewards while contributing to the growth of the platform.
MY PREDICTION FOR THE FUTURE OF PORTAL TOKEN
In the short term, I forecast that in the next 12 months, I anticipate that there will be steady growth such that the value of every holder will have doubled if not tripled. Also, I see the platform expanding its tentacles of partnership as well as an increase in user base. The launch of a non-custodial wallet is likely to drive the desired adoption. For the Long-Term Potential, in the next 2 - 4 years, the token could have become a staple in the Web 3 gaming industry. In the event that it achieves widespread adoption, the token value would have gone so high that it has the potential to rival Ethereum. But for this to happen, the onboarding of traditional gamers is a must and of course, integrating with other popular gaming platforms.
FINAL THOUGHTS:
For now, purchasing the PORTAL Token has been a rewarding experience considering that it was bought at $0.07 but today is hovering around $0.4 - $0.5. I think it is more than a mere investment for profit taking, so, permit me to say that it's my ticket to future decentralization and of course, retirement. No doubt there are risks involved, however, I am optimistic about the potential inherent in it, the revolutionizing of the gaming industry may stem from the Portal Platform.
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