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Reviews
What Is Portal (PORTAL) and Is It a Scam? Reviews, Opinions, and DYOR
03/05/2024

What Is Portal (PORTAL) and Is It a Scam? Reviews, Opinions, and DYOR

03/05/2024
4,6

In this article we are figuring out whether Portal is scam or not. We review the Community aspect, social networks, website, tokenomics, founders and investors, and other important issues of the Portal project.

Imagine a platform that unites games and gamers from different blockchain networks in one cross-chain ecosystem. That’s what Portal creators tell about themselves. Portal’s Whitepaper claims that the project “aims to establish a united Web3 gaming ecosystem.” Portal has a partnership with LayerZero, an “interoperability protocol that connects blockchains (50+ and counting), allowing developers to build seamless omnichain applications, tokens, and experiences” and has huge support inside the community.

Another Web3 gaming story, that’s nice! But is that as nice as we can see and read in the Whitepaper and note inside the community? Maybe we’ve come across another scam scheme that only wants to get your investments and disappear. For now, the only thing that is known for sure — the project has recently been listed on Binance, and gives hype to the market.

Let’s try and figure it out together in our beloved scamometr rubric, whether Portal is a scam or not.



Portal Project Overview

The Portal platform offers a unified access point for Web3 gaming and game-related transactions, removing the complexity of interacting with various on-chain gaming environments. A key feature of the platform is the Portal Passport, which provides a one-stop login solution to consolidate gamer identities and assets across various games. Additionally, Portal introduces a middleware that smoothly manages on-chain transactions for games, elevating gameplay and allowing players to engage without requiring in-depth Web3 knowledge.

Portal seamlessly connects gamers to an extensive library of over 200 games, fostering easy discovery and personalized recommendations. The platform fosters a vibrant community by facilitating meaningful connections between players, developers, and content creators, creating the largest Web3 gaming ecosystem.

Safety is paramount to Portal, and the platform implements state-of-the-art security measures to protect user assets and ensure a safe gaming environment. The platform also promotes easy discovery of new games and insights from content creators.

In essence, in the words of the creators, “Portal aims to provide a seamless, social, and secure Web3 gaming experience, marking a new era of limitless gaming possibilities. It is a platform that is committed to safety and community-building, making it an excellent choice for anyone looking to explore the world of Web3 gaming.” 

Portal Reviews and Opinions: X and Reddit 

As usual, we decided to address people who might know something about the project and its legitimacy. Again, Reddit and X helped us to find out what people think of the project. Let’s start!

X Opinions

At first, we asked Cryptonica X followers to define their opinions about the project. The results of the poll we did were the following: 

We’ve decided to wait for a couple of days ahead for the poll results to gather more answers and opinions. Thus, you can also take part in the survey and monitor how people vote on X. In addition, if you have any feedback, add it to the comments in our X!

Let’s continue our journey to the X community reviews. We pasted the #PORTAL in the search tab, and we’ve got a lot of positive reviews, active awaiting, and a “thumbs up” for the project. Here’s an example of memes that people post about the Portal:

In addition, people think about the ATH (All-time-high) for the PATROL token. Like this: 

Also, people in X are excited about the Portal launch, and its token, and they believe that this is the new gem that should be attentively followed:

Publications came up with information that the coin would shoot into space because of the airdrop and launch of the project, thus, people are very positive about the Portal. However, what about the negative experience and some critics? Let’s research.

There are a couple of warnings from users about phishing and scam websites that ask you to add a deposit wallet, create a referral link, etc. Here's an example of one of the scam schemes:

Besides scam attempts by different thieves, there are posts with the hint that Portal is “another scam coin”: 

By the way, our favorite publication about the Portal project is the following: 

At the same time, people laugh in a quite sarcastic manner when mention people, who called Portal a scam: 

In general, we see positive reviews and comments about the project. The scam issue here consists of phishing links, scammers, and thieves, who want to spoil the name of the project. Or, maybe that’s too suspicious? Let’s move on to the next part of the paragraph.

Reddit Opinions

What about Reddit? That was quite a quest to find opinions about the project. We also pasted the “Portal” word in the search tab. And, surprisingly, there were not so many publications about the project. Really. Here are a couple of posts we’ve found:


Source and Copyright © Reddit

In the screenshot above you see the person asking about the Portal gaming project and another answering that the coin is not out yet. Here we also see the hint on the scam websites, which were made around the original project. However, there was another comment about the “gonna be huge” awaiting the project. You can see it below:


Source and Copyright © Reddit

Another post we’ve found on Reddit consists of the PORTAL token announcement on KuCoin publication:


Source and Copyright © Reddit 

As you can see, the comments are quite positive there, or, more likely to say, interested:


Source and Copyright © Reddit 

Quite interesting that the same project has such a difference in the Community discussion among the platforms. Here wins X, of course, and Reddit was surprisingly quiet about the Portal loud airdrop and listing. 

Okay, to finish Chapter 1 of the scamometer review, we mark the project with the following grade:

Community, Website, and Social Media Accounts

Platform X
Followers 376k
Comments 500-600 comments per post on average
Reposts 500-600 reposts per post 
Engagement high
Community power high

For now, we can only see the X account of the Portal Project; just for the info — creators said that the Telegram Channel and Help are coming soon, and it is seen on the main page of their official website:


Source and Copyright © Portal Official Website

Thus, if you click on the Telegram lines, you’ll see the following:


Source and Copyright © Portal Official Website

Coming back to the X account of the project; if you follow the link you will see the huge engagement among the community of the project. Of course, the reason is hidden in the Airdrop and the Token Trading Live on Binance news. You can notice a lot of comments and reposts; people are involved in the success of the launch, and, as we see, Portal coin has huge success among people. The activity of the managers is also good. 

There are no other links, however, we still need to check the project’s website. 


Source and Copyright © Portal Official Website

The Portal's Official Website is simple and minimalistic. It gives people the whole picture of the gaming involvement of being a part of the ecosystem. In addition, there are beautiful pictures, graphics, and interesting and user-friendly features, like asset management of different games in one place and connections with friends. Thus, the website is good! We’re only missing more detailed and transparent information about the Portal Team, Roadmap, and other important projects’ features people need to pay attention to while choosing the project for investments.

Nevertheless, because of the lack of social networks, and still not-enough-informative website, for now, we give the Portal’s sources the following grade:

Founders and Investors of Portal

The specific information about the founders and investors of the Portal is not available. We’ve found the list of projects the Portal team claims to have worked with. Here’s the list of these projects and companies:


Source and Copyright © Portal Coin

In addition, as we already mentioned before, Portal has a partnership with LayerZero, an omnichain protocol that connects 50+ blockchains for seamless application and token development. Another partner has been added to the list — Magic Eden, an Ethereum NFT-marketplace that created a liquid secondary marketplace with a unique bidding feature, rarity index, and dedicated minting platform connected to it.


Source and Copyright © Portal Coin

As the Whitepaper and website don’t give us a piece of concrete information about the Team members, investors, etc., we can move on, but before, mark the project with the following mark:

Portal Tokenomics: Supply, Allocation, Use Case

The native Portal Token, PORTAL, is a crucial part of the Portal Platform's design. It serves several purposes within the network, including:

  • Transaction Fees: It is used to pay for transaction fees and node validation services.
  • Platform Payments: You can use them in marketplaces such as MagicEden or to buy and sell in-game assets in platform games.
  • Governance: You can vote and influence the future direction of the Portal coin and platform.
  • Staking: You can stake Portal to actively participate in game distribution and visibility on the platform.
  • Exclusive Access: You can access and purchase exclusive NFTs from the partner network.
  • Node Purchases: You can purchase Nodes to power the core Portal infrastructure and platform.


Source and Copyright © Portal Token

What about the supply of the Portal Token? The info differs depending on the source. The official website claims that the supply and in general, the whole tokenomics, will be discovered later:


Source and Copyright © Portal Token

However, if we take a look at the CoinMarketCap page of the token, there will be a 1 billion tokens supply in total. 

There is no information about the token supply and more detailed tokenomics. All we have is the Whitepaper of the Portal, which, as the creators claim, consists of information that can be changed over time. 

Thus, for this part of the project, we give the following grade:

PORTAL Current Price


Source and Copyright © CoinMarketCap

The current price of PORTAL, according to CoinMarketCap, is $2.22, with a 24-hour trading volume of $101.05 million. Portal is down 6.46% in the last 24 hours. The current CoinMarketCap ranking is #182 with a market capitalization of $377,328,686. 

The most popular exchanges for Portal trading currently are Binance, Bybit, Bitget, BingX, and KuCoin. 

Note that cryptocurrency prices are highly volatile and can change rapidly. For the most up-to-date information, it is recommended to check a reliable source like Binance, TradingView, CoinGecko, Crypto.com, or CoinMarketCap.

Bottom Line: Is Portal a Scam or Not?

Portal Gaming provides a comprehensive Web3 gaming experience with a wide selection of features that can be useful for both novice and professional players. The key characteristics and features of Portal include:

  • Web3 Gaming for Everyone: Portal offers a web3 gaming platform accessible to all players, allowing them to explore and play various games.
  • Effortless Payments: The platform provides effortless payment options for users.
  • Asset Management: Users can manage all their in-game items in one place on the platform.
  • Social Connectivity: Portal enables users to connect with friends and other players within the gaming community.
  • Cross-Chain Gaming: Players can enjoy games on any blockchain within the Portal platform.
  • Diverse Game Selection: The platform offers over 200 games, including new virtual worlds, grand strategy MMOs, zombie survival games, MMORPGs, casual exploration games, sci-fi PvP collectible games, shooters, action RPGs, and more.
  • Variety of Genres: Games available on Portal cover a wide range of genres such as strategy, dark fantasy adventure, farming RPGs, roguelites, action strategy, competitive esports, hypercasual games, and more.

There is no clear evidence that Portal or its PORTAL token is a scam. Based on the information above, Portal is a project that definitely wants to make it easy for gamers to play in one place without any trouble, communicate with friends, and manage assets as easily as it can be. At the same time, the project seems to be quite raw, and we miss a certain amount of necessary information to claim the final verdict objectively.

Simultaneously, the PORTAL token has been listed on prominent exchanges like Binance, which indicates a certain level of legitimacy. However, as with any investment, you need to conduct thorough research and consider the associated risks before participating in any project or token. 

Crypto is volatile and risky, in addition, there are a lot of people, who want to earn from your interest in this industry. Remember, at least, about the scammers we mentioned above. Don’t let anyone lie to you and cheat, thus, DYOR, and be attentive with each investment you make. 

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The materials found on the Cryptonica website shall not be taken as individual investment recommendations. The financial instruments or operations mentioned therein may not align with your investment profile or objectives. We assume no responsibility for any missing facts or inaccurate information in the texts. Cryptocurrencies are financial assets with high risk and volatility. Therefore, it is crucial that you conduct your own research on financial instruments and make independent decisions. Before engaging in any actions related to cryptocurrency, you shall study, understand, and comply with the laws applicable in your region and country.

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