Charlie Garcia
What is Portal to bitcoin?
Portal to Bitcoin, previously known as Portal DeFi, is revolutionizing the way Bitcoin is traded across different blockchain networks with its trust-minimized protocol. This innovative solution is the first to offer true non-custodial interoperability for Bitcoin, allowing seamless atomic swaps among Bitcoin assets (like BTC, Ordinals, and Runes) and various blockchain platforms, all without the need for wrapped tokens or bridges.
The backbone of Portal’s technology lies in BitScaler, which facilitates both horizontal and vertical scaling of Bitcoin transactions without altering the underlying protocol. This technological progress leads to faster and more efficient cross-chain trading while upholding Bitcoin’s security standards, ensuring that users maintain control of their funds at all times.
With support from major industry players like Coinbase Ventures, OKX Ventures, and Arrington Capital, Portal has amassed $42.5 million in seed funding to bolster its development. The project is managed by a knowledgeable team of over 30 crypto
Portal to Bitcoin airdrop Details
Portal to Bitcoin is initiating an extensive test program where participants can earn Litenodes, which will yield ongoing network rewards. This test program, structured into six one-week “Epochs,” allows users to vie for Litenode operator positions by completing tasks and gathering “sparks.”
The project has designated 5% of its total of 4.9 billion emission tokens for Litenode operators out of a total supply of 8.4 billion tokens. There are only 21,000 spots available for participants to earn Litenodes during the test phase, creating a highly competitive landscape that offers substantial rewards for early participants.
How to Participate in the Portal to Bitcoin Airdrop
- Go to the Portal to Bitcoin testnet webpage
- Connect your wallet with the platform
- Create your individual referral link
- Install the Portal to Bitcoin Extension
- Open the Chrome Web Store
- Select “Add to Chrome” and follow the installation steps
- Complete Testnet Missions
- Visit the missions dashboard
- Explore the tasks available and their spark rewards
- Execute missions to collect sparks
- Keep track of your ranking on the leaderboard
- Get Involved in Epochs
- Participate in the weekly Epochs
- Complete unique missions during each Epoch
- Be consistent in participating through all six Epochs
- Watch your rankings on the Epoch and cumulative leaderboards
Maximizing Your Chances
- Join Early: Engage as soon as possible to boost your spark earning potential
- Complete Every Mission: Complete all available tasks
- Stay Engaged: Participate regularly throughout all six Epochs
- Utilize Referrals: Share your referral link for additional rewards
- Stay Updated: Keep an eye on new missions and opportunities
Token Distribution
- Total Supply: 8.4 billion tokens
- Emission Supply: 4.9 billion tokens (58.3%)
- Litenode Share: 5% of emissions each epoch
- Litenode Count: 21,000 available positions
Earning Potential
- Emission reductions of 1% occur each epoch (roughly monthly)
- Fewer active Litenodes lead to increased rewards for those who remain
- Ongoing earning opportunity via network participation
Frequently Asked Questions
What is the duration of the testnet program?
The testnet features six week-long Epochs, allowing participants to earn Litenodes through each Epoch and based on their final leaderboard standings.
What if I miss an Epoch?
Missing an Epoch may impact your ranking overall, but you can still compete in later Epochs and aim for final leaderboard positions.
How will the rewards be distributed?
Rewards are allocated according to the emission model, with Litenode operators benefiting from their share of the 5% allocation per epoch.
Conclusion
Participating in Portal to Bitcoin’s testnet presents a unique opportunity to engage with this innovative Bitcoin DeFi protocol. With the backing of BitScaler technology, substantial venture support, and a generous rewards framework, it’s an exciting prospect for those committed to active participation during the test phase.
Given that only 21,000 Litenodes are available, this represents a rare chance for engaged community members to establish their roles in the project’s development.
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