For the first time, Portal, a cross-chain DEX network based on Bitcoin, is pleased to announce its Reg D equity offering through Republic, a multi-asset investment platform that enables anybody to participate in verified, private firms. Monday, July 18th, was the first day of the public sale.
In order to establish a more substantial basis for self-sovereign finance, Portal is increasing the possibilities of Bitcoin. When it comes to delivering a completely decentralized financial network, the team’s goal is to guarantee that all participants, including those who support the project from the ground up and those who invest in it, enjoy the company’s progress. Enabling more people to benefit from Portal’s operations (and earnings) makes it more widely accessible.
Fewer than 3% of businesses are permitted to raise money via Republic’s screening procedure, which the company claims are rigorous. Investing in an ambitious initiative to establish DeFi on the Bitcoin blockchain will be made possible via an equity offering.
Portal CEO Eric Martindale stated:
“The signal remains strong in the storm — Bitcoin remains the most likely candidate upon which the future of financial infrastructure will be built. As Bitcoin’s metrics continue to achieve all-time highs, Portal is eager to bring on this new round of investors in pursuit of advancing Bitcoin-based infrastructure and the continued decentralization of traditional financial services.”
This equity offering through Republic’s platform comes as Portal prepares to deploy its testnet within weeks. On top of the Bitcoin network, it is constructing a fully-fledged, censorship-resistant DeFi ecosystem.
Portal is using the Bitcoin network as a platform to create a variety of censorship-resistant financial apps on top of it, even though Bitcoin is frequently seen as merely a digital currency. Every major geopolitical incident in the last year has emphasized the need for a global financial system impervious to censorship.
Using atomic swaps enabled by Portal’s peer-to-peer architecture, users may instantly transact in native Layer-1 assets across several blockchains without fear of money being stopped or exploited.
Cross-chain capability is enhanced by Portal’s Layer 2 and Layer 3 technologies, which makes it easier to develop censorship-resistant communications, media, and one-click execution of cross-chain swaps on top of the Bitcoin blockchain. Peer-to-peer “smart contracts” for asset issuance, swaps, staking, liquidity, and derivatives may all be executed without needing a third-party custodian.
Participation Details
The sale will be open to investors from throughout the globe, including residents and citizens of the United States. They’ll be able to pay using fiat or BTC, USDT, USDC, or ETH, according to their preferences. The number of investors is restricted to about 1,900. Portal anticipates a quick sellout of the Reg D offering.
