PORT3 (Port3 Network) Token Price & Latest Live Chart

What is PORT3 (Port3 Network)?

PORT3 Network aims to revolutionize the way data is aggregated and utilized in the Web3 space in blockchain technology. This protocol has garnered significant attention and funding from leading institutions including EMURGO, Momentum6, SNZ, Adaverse, and Gate Labs. At its core, PORT3 Network is diligently crafting a protocol to amalgamate and standardize both on-chain and off-chain data, striving to create a universally accessible and strong social data layer that can be seamlessly integrated into a myriad of DApps. Central to Port3's philosophy is the empowerment of users, ensuring their control over data ownership, identity, privacy, and rights on the internet.

The network's architecture is an intricate ecological framework, encompassing a matrix of interconnected products that aim to disrupt the social media landscape through blockchain technology. With an impressive user base of over 4.5 million and partnerships exceeding 5,000, Port3 is deeply committed to community profiling, which aids in effectively onboarding and serving the Web3 community. Port3's offerings include a range of products such as bot services, community marketing initiatives, and an analytics dashboard. The network's activities are governed by the PORT3 token, a critical element powering the various components within the Port3 ecosystem.

How does PORT3 (Port3 Network) work?

The PORT3 social data layer comprises three distinct infrastructures to tackle the issue. To address the challenge of data centralization on the internet, the PORT3 Network's infrastructure functions across several key phases:

Diagram of Port3 Newwork’s Social Data Layer, source: Port3

・Data Collection: This initial phase involves the acquisition of data from a broad spectrum of off-chain and on-chain platforms. By tapping into extensive data sources, the network is better equipped to cater to a wider user base and more comprehensively address their needs.

・Data Aggregation: Post-collection, data undergoes rigorous processing and standardization. This phase involves condensing the social data and assigning it usable indicators and identity tags, which are instrumental in facilitating subsequent analysis.

・Data Application: The standardized data is then utilized by various users within the network’s community. Applications of this data span a range of functions, including targeted advertising, community management, and content creation.

Three different phrase implementations, source: Port3

Therefore, the PORT3 ecosystem is characterized by several key features to work on the social layers:

1. Robot Matrix: This bot service, also known as the SoQuest Robot Matrix, is pivotal in detecting and analyzing social actions related to the network's SoQuest native platform. Its functions include automating the process of joining a project's Telegram and Discord for off-chain users and aggregating and standardizing social media data for analysis. Covering ten public blockchains, the Robot Matrix has been instrumental in assisting projects with token quotes, market sentiment analysis, and airdrop organization.

2. SoQuest: This open-source platform enables stakeholders like DAOs and Web3 entities to conduct various off-chain and on-chain onboarding activities for Web2 users. Boasting over 4,000 projects and more than 2 million users, SoQuest leverages AI-powered dashboards and advanced data analytics, allowing users to participate in campaigns and earn crypto rewards. The platform's mobile apps for Android and iOS have further expanded its reach.

3. QaaS and BQL: The Quest-as-a-Service (QaaS) widget on SoQuest allows seamless integration of project displays and analytics on official web pages. Meanwhile, SoQuest Blockchain Quest Language (BQL) simplifies interactions with blockchains, converting natural language into executable instructions and streamlining complex on-chain activities.

4. SoGraph Analysis Platform: This platform is central to constructing a social data layer by merging off-chain data with on-chain information, utilizing advanced algorithms and machine learning for accurate data analysis.

PORT3 (Port3 Network) market price & tokenomics

The PORT3 token, as the governance and utility token of the Port3 Network ecosystem, plays a vital role in the platform's governance and utility functions. Token holders have a say in decision-making processes in order to contribute to the network's evolution. The tokenomics of PORT3 are as follows:

・Ecosystem: 36% of the total token supply is allocated for incentivizing developers and users on the platform.

・Treasury: 10% is reserved for future expansion.

・Team: 20%, to be released over three years with a one-year cliff period.

・Private Sale: 21%, with 2.5% released at the Token Generation Event (TGE) and the rest over a 24-month vesting period.

・Airdrops: 7%, distributed over three seasons with a portion unlocked at TGE and the remainder released daily over ten months.

・Marketing: 5%, allocated for operational purposes.

・Public Sale: 1%.

PORT3 Token Distribution, source: Port3

As of now, PORT3 (Port3 Network) is ranked #2415 by CoinMarketCap with market capitalization of $31 million USD. The current self-reported circulating supply of PORT3 coins is 34.62 million.

Why do you invest in PORT3 (Port3 Network)?

Investing in PORT3 offers a unique and potentially lucrative opportunity within the burgeoning Web3 sector. As the digital landscape transitions from Web2 to Web3, the importance of decentralized social data layers, like the one PORT3 Network aims to provide, is increasingly recognized. This transition presents a significant growth potential for platforms like PORT3, which prioritize user control over data ownership, privacy, and internet rights.

The strategic roadmap of PORT3 for the upcoming year, which includes launching new features and expanding its ecosystem, indicates a proactive approach towards sustaining and enhancing the platform's relevance and utility in the market. This forward-thinking strategy may present attractive prospects for investors looking to capitalize on the growth of Web3 technologies.

Is PORT3 (Port3 Network) a good Investment?

Determining whether PORT3 is a good investment hinges on several factors, including market trends, the project's ongoing development, and the overall health and future prospects of the Web3 sector. From a technological standpoint, PORT3 Network's commitment to innovation and its comprehensive approach to data aggregation and standardization in the Web3 space are promising indicators of its potential. The network's ability to cater to a broad range of DApps and its focus on user empowerment through data control and privacy are significant strengths that may contribute to its long-term success and appeal to investors. The expanding user base, along with an impressive roster of partnerships and collaborations, suggests a growing confidence in the network's utility and future prospects. 

However, as with any investment in the cryptocurrency and blockchain domain, potential investors should approach PORT3 with caution. The volatile nature of the crypto market, regulatory uncertainties, and the nascent stage of the Web3 industry are factors that necessitate a careful and informed investment strategy. It's advisable for investors to conduct comprehensive research and consider market analyses to make an informed decision about investing in PORT3 or any other cryptocurrency.

Find out more about PORT3 (Port3 Network):

• Homepage

• Explorer: Etherscan

• Whitepaper