- Portal announces its public equity sale through Republic.co.
- The public sale will commence in mid-November.
- The public aims to bring the self-sovereign capabilities of Bitcoin to the people.
Portal, a decentralized finance (DeFi) platform built on the Bitcoin blockchain, recently announced its mid-November public equity sale through Republic.co. To note, Republic.co is a multi-asset investment platform that allows individuals to invest in private, vetted startups.
According to Portal, the public sale aims to bring the self-sovereign capabilities of Bitcoin to the people. The team also believes that participants have all played a vital role in empowering DeFi in its entirety, along with a self-hosted wallet and true cross-chain layer-2 decentralized exchange. Hence, everyone involved in the public sale along with the founders, will all relish in the impending growth of the company.
Portal CEO Eric Martindale notes,
“By leveraging Bitcoin’s smart contract capabilities, Portal can deliver on the promise of truly decentralized finance. The world is about to recognize the power of self-sovereign money in a very big way, so we’ll be seeing unprecedented volumes of capital moving into Bitcoin. We seek to give all digital assets a market in which they can fairly trade, in a trust-minimized way, and backed by Bitcoin’s security and price discovery.”
He also added, several insecure systems are set up as decentralized prodigies but later on con less-tech savvy users off their money.
Notably, last month, Portal was able to raise around $8.5 million in a funding round with big private investors like Coinbase (NASDAQ:COIN) Ventures, ArringtonXRP Capital, OKEx, Republic.co, and Shima Ventures, to name a few.
Moreover, global investors will also take part in Portal’s upcoming sale. Also, they will have the chance to make purchases in fiat or other cryptocurrencies such as Bitcoin (BTC), Tether (USDT), USD Coin (USDC), or Ethereum (ETH).
In detail, the slots for the equity offering are capped at 1,900 and will have a first-come-first-serve basis. Portal hopefully expects that the public sale will sell out at the end of day 1. With this, some investors are keen on offering a whitelist through the Due Diligence Sign-up Form. However, please note that being on the whitelist does not guarantee a spot in the sales offering.
The team at Portal takes pride in anonymous, zero-knowledge DEX swaps and an open, transparent market with a security model as big as Bitcoin mining. According to the team, its platform mints wrapped coins such as wBTC and wETH. In addition, Portal uses Fabric Protocol for layer-2 and layer-3 technology, specifically in developing Bitcoin-based censorship-proof media, communications, and as well as one-clock cross-chain swaps.
On the other hand, Republic.co notes that only 3% of start-ups are approved for fundraising on its platform. Its team believes that Portal has a high potential for being an ambitious and promising project. Therefore, this upcoming public equity sale will be an instrument to let the general public know, invest, and support Portal as a whole.