Sentiment around the crypto market has improved lately, and projects with real utility have become particularly sought after. One of these is Portal to Bitcoin.
Launch of Token Generation Event (TGE)
The key news is the opening of the Token Generation Event (TGE) for the native token $PTB, which took place on September 3 at 13:00 UTC. KuCoin is hosting the premier listing of PTB/USDT, with deposits already live and trading set to begin on other major exchanges such as Gate.io and Binance.
Technological Foundation and Features
Portal to Bitcoin operates as a non-custodial cross-chain infrastructure, enabling trust-minimized atomic swaps between Bitcoin and other blockchains. This functionality allows users to trade Bitcoin for other cryptocurrencies directly and securely without intermediaries. The BitScaler technology is key to implementing these features, positioning Bitcoin as a central element of a decentralized financial system. The project is also actively working on Solana integration.
Partnerships and Future of the Project
Portal is not relying solely on technology and funding; it is also actively building partnerships. A recent collaboration with Korea's League of Traders will help in rolling out new tools for traders. To back these efforts, the project has launched a $50 million ecosystem fund to scale technology and support partners.
With the TGE live and listings secured across major exchanges, Portal to Bitcoin is emerging as a significant player in the decentralized finance space. Its approach to non-custodial swaps and community support reflects its ambitions in the market.
