A comprehensive overview of the platform shows that it is on the way to establishing an ecosystem in which everyone has the right to security, opportunity and privacy as offered by Web 3.0. The world is fast moving and subject to constant change. As a result, the number of people denied access to, or even unaware of, Web 3.0 products is increasing every day. Porta addresses this by creating a blockchain on the substrate, alongside products that are personalized to give everyone free, unrestricted access to Web 3.0 products. In addition, you don’t have to deal with the stress of a completely new blockchain on your own if you can simply enjoy the products and services of other developers. You can integrate these products with your decentralized applications, which makes dApp development more accessible.
In summary, Porta offers a platform of software solutions that can integrate other projects from the network and also offers end users software products in the form of NFT, decentralized finance, dApps and more.
One thing that sets Porta apart is the attention it paid to the user experience. While it might not be the best, it definitely held its own. As of today, the difference between its UX and most of the competition in the market is evident.
Here are some of the basic features Porta Network offers.
Porta builds its blockchain on substrates. Although we are all aware that Polkadot is built on substrate and blockchain projects created with Substrate can be run as native projects on Polkadot, Substrate still has uses beyond this idea. You can use it to create new blockchains, and that’s the way Porta is going.
In essence, the substrate is a framework for building decentralized systems by implementing a very negligible number of hooks in the code.
In conclusion, the porta network will ensure the creation of a unique blockchain that offers unmatched experiences for users of all skills and experience levels.
In addition to the network, it also offers a Porta Pass that allows you to interact with Dapps on the Porta blockchain and which is tailored to give you the best experience on the platform.
Porta Connect is in the form of a one-click button that gives users access to a range of decentralized services and applications that are built into the platform.
The main products Porta offers can include DeFi products like P2P lending, decentralized exchanges along with NFTs and more. These products are available to any member of the community or anyone who wants to access them seamlessly. Several other software web solutions and software will be available to end users while providing functionality for integration with other platforms.
Currently, the platform is still using the KIAN token from the previous Kianite project. As the project progresses and introduces its blockchain built on the substrate, the token will ultimately become PRTA. The token is currently listed on PancakeSwap, Bibox and MXC, which is pretty impressive for a project of this duration. Within three months, Porta has built up the volume with the potential to be listed on even more well-known stock exchanges within the legal system.
Here, too, the transition to PRTA will open the token for a variety of use cases. Since it is the coin of the newly created blockchain, the usability will go beyond the previous framework.
Management recently confirmed its intention not to incinerate this token. They believe that as the token accumulates value, the price will be regulated. Adding value to the community by creating solid and competitive products that offer great design and experience will keep the price of the token as well as inflation in check.
For a project like this, it’s worth checking the smart contract, audits, and smart contract security. Porta uses a token smart contract similar to that used by top exchanges such as Uniswap and Compound for their tokens, UNI and COMP. These are solid, reliable, and stable frameworks; It is therefore logical to use this alternative.
Porta has a staking program that allows holders of its governance token to lock their assets and access additional bonuses and incentives such as substantial returns. This is intended to strengthen the ecosystem. The more users use their tokens, the more the total value of the ecosystem increases steadily.
Porta requires users to store their tokens in the MetaMask wallet before they can access staking. Therefore, all you need to do is connect the staking contract to the wallet and deposit tokens into the preferred pool. Porta seamlessly sends each reward back to the wallet at the right time.
First and foremost, it offers two forms of staking using an asset pool via PancakeSwap. These are liquidity staking and traditional staking. Each has its own set of features that adapt to users depending on their profitability and experience goals.
As a user, you can withdraw your tokens early if they have exceeded the mandatory blocking period. However, this comes with less significant rewards than those who stake out for an extended period of time. The Porta team would like to revise the staking to make holding their token more attractive for existing owners and new investors who want to support the project.