In a significant development for the cryptocurrency ecosystem, Portal to Bitcoin (PORTAL) has announced that its native token, $PTB, will soon be listed on several prominent cryptocurrency exchanges including Binance Alpha & Futures, Kraken, KuCoin, Gate.io, Bitget, and MEXC. This strategic move is set to enhance accessibility and liquidity for token holders worldwide.
Portal to Bitcoin has experienced impressive user growth and increased network activity over the past few months. The platform, currently operating on testnet, has successfully managed 18 million transactions and attracted over 1.3 million downloads from the Chrome Web Store. Notably, it has also expanded its wallet offerings, with about 850,000 wallets created, of which over 950,000 remain active—a retention rate of approximately 73%. This statistic underscores the growing relevance of the project within the global cryptocurrency community.
In terms of financial backing, Portal has secured $92 million from esteemed investors, including Coinbase Ventures, OKX Ventures, and Arrington Capital, as well as contributions from notable figures associated with Ethereum, Tether, Dfinity, and Hedera. Further driving its expansion, Portal has committed to a substantial ecosystem fund of $50 million provided by Paloma Investments, aimed at fostering developer adoption, ecosystem growth, and increasing institutional acceptance of its offerings.
At the heart of Portal’s expansion strategy is its innovative scaling technology, BitScaler. This proprietary technology enhances Bitcoin’s capability to process a wide range of transactions with greater efficiency than existing solutions like Lightning Network, while keeping fees low and requiring no alterations to the core Bitcoin protocol. Dr. Chandra Duggirala, CEO and Founder of Portal to Bitcoin, emphasized the importance of this technology in making Bitcoin a pivotal settlement layer across various financial arenas, extending beyond decentralized finance (DeFi) into traditional finance (TradFi).
The $PTB token is designed for sustainable growth, incorporating a mechanism where each swap on the network incurs a 0.3% fee. Half of this fee is utilized to refill and burn $PTB tokens, contributing to a deflationary environment as demand increases. The tokenomics are structured to align incentives across different participant categories, with liquidity providers receiving a majority of emissions, validators and lite nodes being rewarded for network security, and community members benefiting from airdrops.
Portal’s ecosystem extends beyond mere token swaps. The Portal Wallet supports multiple currencies while prioritizing self-custody and includes a cross-chain decentralized exchange (DEX). Additionally, the Swap SDK aims to simplify integration for third-party wallets and DEXs. Another notable feature is the AI-driven investment copilot, RAFA-AI, which assists professional traders in strategy formulation and decision-making.
The founding team of Portal comprises highly influential individuals from both the blockchain and technology sectors, including Dr. Chandra Duggirala, George Burke, and Manoj Duggirala. With its recent exchange listings, strong financial backing, and positive user engagement metrics during its early growth phase, Portal to Bitcoin is poised to play a crucial role in elevating Bitcoin to new heights as a foundational element of the global financial landscape.
For more information about Portal to Bitcoin and its innovative offerings, interested parties can check the official website and engage with the community through various social media channels.
