ChainPort Project Overview

INSIDERS VENTURES
3 min readMar 2, 2022

ChainPort is a simple and fast blockchain bridge that allows people to transfer their tokens between different blockchains with a couple of clicks.

Chain Port Benefits:

  • Simple and safe to use interface
  • ChainPort is the fastest bridge. Average transaction time is only 2.5 minutes
  • MPC with cold wallet protection from Gnosis Safe and Fireblocks
  • Multiple levels of security
  • ChainPort will provide a private bridge for businesses to use by projects
    Transfer your tokens between blockchains in two clicks
  • API integration that will allow you to add ChainPort bridges for your tokens directly from your wallet;
  • ChainPort is compatible with Metamask, Trustwallet and other popular hot and cold wallets.

ChainPort supports:

  • Binance Smart Chain
  • Ethereum
  • Polygon
  • Avalanche
  • Fantom
  • Moonriver
  • Fuse

Coming Soon — Solana, Terra, Aurora, Arbitrum

Security!

  • Multi-sig cold wallet protection. ~95% of assets are protected in multi-signature cold storage, while only up to 5% is stored on the smart contract itself during the transaction.
  • Independent audit. ChainPort smart contracts are verified by blockchain security leaders such as Certic. The audit report can be viewed here.
  • Separation of storage. Instead of leaving all funds in one vault, each bridge’s funds are stored in three separate separate vaults.

Comparison with competitors

Road map

Q1 2022

  • Launch of staking to reduce the percentage of fees paid
  • Contract rebalancing
  • Support for native assets other than ETH
  • Launching a bug bounty program
  • Embed Widgets
  • Insurance program V1
  • All other EVMs + Terra
  • NFT V1 (EVM)
  • ChainPort for Business V1

Q2 2022

  • Solana + Cardano
  • ChainPort for Business V2
  • Advanced API
  • Providing liquidity
  • Investors and partners: DAO Maker, Kairon, Master Ventures, Hord, vent, Xcad Network, Gamestarter, poolz, etc.

Tokenomics

Token — $PORTX
Total Supply — 1,000,000,000
Initial Circulation Supply — TBA
Initial Market Cap — TBA

  • Our round: Pivate: $0.07 token price.
    10% TGE followed by a 6 month cliff followed by a 25 month linear vesting.
  • Public round (IDO): the cost of the token is $0.12.
    10% TGE, then a 6 month cliff followed by a 25 month linear vesting.
  • IDO — DaoMaker
  • Date IDO — TBA

Team

Idan Portal - founder. Has over 7 years of experience in back-end development. For the last 6 years, he has been actively developing his own crypto projects.

Eitan Lavi is the co-founder of Dcentralab. Responsible for technology and security department. Founder of startups: MedCPU, Wochit, Anyword.

Erez Ben Kiki is the co-founder of Dcentralab. Responsible for the Operations Department. Over 9 years of experience in traditional finance. 4 years of experience in marketing.

LINKS:

Telegram

Twitter

Medium

— — — — — — — — — — — — — — — — — — — — — — — — — — — — — —

INSIDERS VENTURES

INSIDERS VENTURES is a venture fund that gives everyone the opportunity to take part in the Private Sale of top projects.

What does private sale mean?
An early-stage investment round for strategic investors with a significant amount of invested funds.

When the project is still at the development stage, you invest and receive tokens of this project at the lowest price.

With INSIDERS VENTURES you can invest in top projects from $100 and up.
All you need to do is join our community and follow the release of new projects in the telegram.

Links👇

Website
Telegram
Announcements
Twitter

--

--