PTC (PORTAL COIN)

Description: Portal Coin is a virtual reality ecosystem built on blockchain that will connect virtual reality content, content creators, and consumers. The publication of popular content will enable its...

Description:

Portal Coin is a virtual reality ecosystem built on blockchain that will connect virtual reality content, content creators, and consumers. The publication of popular content will enable its creators to receive a reward in the form of PTC tokens from the active compensation fund using the CWA algorithm (Contribution Weighting Algorithms). Content creators can charge for the use of their content and receive rewards from other users, depending on the value of the content. The project is built on the blockchain of Etherium and guarantees an absolute right to own the content through the use of smart contracts.

Their road map identifies 3 long-term objectives of the project but there is no detailed description of the objectives: Q4 2018 Content Platform, Q4 2019 Integrated Platform, Q4 2020 Ecosystem.

The Team:

The whitepaper indicates a strong VR technology development team, for example:

Shawn Hsu is the co-founder and chief operating officer of Whaley VR. Shawn was the director of R&D at the Lenovo Group. He has many years of experience in R&D and mobile products management as well as research in advanced technologies such as AR/VR. Moreover, he has also conducted extensive research in image processing, sensor integration, and machine vision and has several patent rights in this field.

There are no links to the profiles of team members on social site networks.

It is worrying that all these developers work for companies belonging to Whaley VR, but not Portal. Whaley VR is an advanced company of VR technologies, which received investments of hundreds of millions of dollars from the funds of Legend Capital and China Media Capital in 2014.

Tokenization:

The total amount of coins issued was 1 billion PTC. 35% of all tokens were used for private sales, to which only citizens of China and UN countries could buy them. The price at the time of release was 0.000147 ETH (1 ETH = 6800 PTC)

Conclusion:

VR-technologies are innovative and are becoming more popular every day. If the main partner of the project is really Whaley VR, then we can say that the platform has a great chance of success.

Rating: 5/10