Today we will look at the Port3 project

Today we will look at the Port3 project, which went live on September 1, 2024; at that time, the token price was around 0.1

Today we will look at Port3 project, which went live on September 1, 2024, at that time the token price was around 0.1, and now at 0.03 it has definitely broken. If we consider the peak in December 2024 (0.3), it has dropped to a minimum of 0.01, which is a 99% drop. Though it has risen threefold now, it is still a 99% drop. The current market cap is 17 million USD, with an overall FDV of 34 million.

Recently, why has there been a rise, it’s still due to being on Alpha; the chart below shows a good rise after being on Alpha, with trading volume increasing, so any project on the BN list can take off. However, how long it can fly remains to be seen as we look at the project's fundamentals.

I. Introduction

The core goal of Port3 Network is to build a decentralized social data layer that integrates data from Web2 platforms (such as Twitter, Telegram, Discord) and Web3 blockchains to form a comprehensive user behavior database. Through this data layer, Port3 can provide user profiles, behavior analysis, market trends, and other multi-dimensional data support for decentralized applications (DApps), assisting project parties in making precise operations and decisions.

II. Main products of Port3 Network:

1.SoQuest: The first application of Port3 Network, it is a task-based Web3 platform that encourages users to earn rewards by completing specific tasks (such as retweeting, participating in community activities). SoQuest has attracted over 6 million active users, becoming an important bridge connecting users and project parties.

SoQuest also provides a complete set of user growth tools, supporting event initiation, behavior detection, reward distribution, and growth analysis. The platform has deployed AI robots based on ChatGPT in 5,000 communities to enhance user interaction experience.

Currently, data from 19 public chains and information from 14 mainstream wallets have been integrated.

QAAS

The QAAS (Quest as a Service) they launched is a plugin that can be inserted into websites and Telegram, allowing one-click task customization and tracking of any activities and rewards.

2.BQL (Blockchain Quest Language)

By leveraging Blockchain Quest Language (BQL), Port3 introduced an AI-driven automation execution layer that enables interoperability across multiple blockchain networks (including EVM, Bitcoin, Solana, etc.). This execution layer allows smart contracts to perform intelligent cross-chain interactions.

Core features of BQL:

- Automatic leveraged staking of ETH (example): Users only need to click once to enable automatic leveraged staking of ETH. This process includes staking ETH and using it as collateral to borrow more ETH on a lending platform, then staking again to amplify the staking position and potential returns.

- Multifunctional on-chain interactions: BQL can perform various on-chain operational tasks, including but not limited to trading exchanges, adding liquidity, and staking.

- User-friendly editor: Its syntax structure is simple and close to natural language expression.

- Template replication and creation features: Users can easily replicate existing templates from the BQL template library, quickly make personalized adjustments, and deploy blockchain operations without deep coding.

3.Rankit: An AI-based social data analysis tool that can collect and analyze data from multiple social platforms in real-time, providing project popularity assessment, user behavior analysis, and community activity ranking services to help investors and project parties quickly grasp market dynamics.

Thanks to SoQuest's data accumulation, the Ranit tool has evolved through data processing and can be considered a case of data application.

4.ON.meme: One-click launch platform for memes

III. Financing Situation

As of October 2023, the total cumulative financing of Port3 Network has reached approximately 10 million USD, with funding sources including equity investment and grants:

February 2023: Completed a 3 million USD seed round financing, led by KuCoin Ventures, with other participants including Jump Crypto, SNZ, Block Infinity, Dragon Roark, ViaBTC, Cryptonite, Lapin Digital, Cogitent, and Momentum6.

August 2023: Secured a new round of multi-million dollar financing, with participants including EMURGO, Adaverse Accelerator, and Gate Labs.

October 2023: Announced receiving investment from DWF Labs, along with grants from Binance Labs, Mask Network, and Aptos.

IV. Team situation

Co-founder Max Yuudai has work experience at Apple and ZB.com, while Anthony has worked on backend development at Tencent and Viabtc Technology Limited.

The team is anonymous; although there is a LinkedIn presence, it was established later and there are no very prominent figures, which is not great. I