上线币安Launchpool，Web3游戏生态平台Portal估值多少？
Original - Odaily
Author - Nan Zhi
Today, Binance’s new coin mining launches the 47th project Portal (PORTAL). The project became a hit through viral marketing on the X platform in late 2023.
Odaily will analyze its project background in this article and make a reasonable price prediction for the token.
Portal Introduction
Portal hopes to build a unified Web3 game ecosystem and, through cooperation with LayerZero, connect isolated Web3 games and provide players with a unified access point for Web3 games and game-related transactions. Its platform features include:
Through the Portal platform, the complexity of game interaction on heterogeneous chains is eliminated. In fact, Portal eliminates the isolation of game assets. Ecological participants can run nodes based on the Portal Web3 engine and LayerZero relay to provide verification of cross-chain transactions, thereby realizing asset interoperability;
Provide a one-stop login solution that integrates player identities and assets across various games;
A middleware is introduced to manage on-chain transactions of the game, improve gameplay, and allow players to participate in the game without in-depth knowledge of Web3 (i.e., non-aware application services for Web2 players).
Portal hopes to build a platform like the above to integrate game players and game developers, achieve decentralized governance, and ultimately promote the development of the portal ecosystem.
Financing situation
In December 2023, Portal officially announced its completionA new round of strategic financing, the specific amount has not yet been disclosed, Sotheby’s Vice President and Head of Digital Art and NFT Michael Bouhanna, MonnPay co-founder Max Crown, 9 GAG CEO 9 gagceo, Pixelmon CEO GiulioX, Parallel co-founder Kalos, etc. participated in the investment.
Token details and price predictions
Token usage
Portal official documentation points out that PORTAL tokens have many uses, and some ecological functions are as follows:
Paid as a fee for transaction and node verification services, the transaction fees paid by players will be distributed among nodes, developers and treasury.
As an ecological payment token, for example, after integrating MagicEden into Portal, users can use PORTAL to purchase game assets on the platform;
Stake tokens to participate in game distribution and platform visibility (i.e. game column advertising fees).
In addition to the above functions, PORTAL will also have governance functions, node purchase functions, cooperative NFT purchase and other functions.
Launchpool Terms and Conditions
Users can log in after 08:00 on February 22, 2024 (UTC+ 8)launchpad websitePut BNB and FDUSD into the PORTAL mining pool to get PORTAL rewards. PORTAL can be mined for a total of 7 days. On the day when mining ends, that is, 18:00 on February 29, 2024 (UTC+ 8), Binance will list Portal (PORTAL). The rest of the data is as follows:
Maximum Token Supply: 1, 000, 000, 000 PORTAL
Initial circulation: 167, 134, 615 PORTAL (16.71% of total token supply)
Total mining amount: 50, 000, 000 PORTAL (5% of the total token amount), of which the BNB mining pool accounts for 40 million and the FDUSD mining pool accounts for 10 million.
price prediction
The past 7 periods of Launchpool data are shown in the figure above. The average annualized rate of return for the 7 periods reached 142%. The BNB price in the rate of return is calculated based on the closing price of BNB before mining started (assuming that the BNB price was between the announcement of Launchpool and the start of mining). has been fully played).
Assuming that PORTALs annualized rate of return is also 142%, and a total of 16 million BNB are involved in mining, calculated based on BNBs current price of 364 USDT, the reasonable price of PORTAL is 16, 000, 000 × 364 × 2.7% ÷ 40, 000, 000 = 3.96 USDT.
If calculated based on 3.96 USDT, the initial circulating market value of PORTAL reaches US$660 million. There is a risk of overestimation, and it is recommended to make a conservative estimate. If calculated with reference to the XAI return rate, which is also in the chain gaming sector, the initial price will be 2.4 USDT.
According to Binance’s disclosure, as of February 21, 2024, Portal had raised US$29,000,000 through private placements and public sales, and sold 33% of the total amount, with the corresponding currency price being 0.0878 USDT. According to the unlocking schedule, this part of the tokens will be circulated at the opening of the market. Please pay attention to the selling pressure from this part of the tokens.
in conclusion
In addition to the Portal game platform, Portal also plans to launch Portal Wallet and Companion App. The former will serve Web3-free usage, eliminating the need for mnemonic phrases, private keys and other steps, while the latter will include featured game browsing, recommendation, and transaction functions. It can be seen that Portal aims to become the Web3 version of Steam. By linking game developers and users, it promotes the development of Web3 games while achieving bilateral network effects and consolidating the platforms own status and long-term development capabilities.
