Topic: New DeFi Project with 14299% APY(or 10% weekly compoundingly) without staking (Read 131 times)

This too-good-to-be-true APY usually is a shady bait by potential scam project. I hope people will not be attracted to this kind of offering, hoping that they will get rich quick here. But looking at their android app installs, they already got 50k+. Does it mean that many users will regret investing on this project? Interesting what the fate of their investments will be here...

Analytics is very important part in logistics sector and if Package Portal really improved it, it is very big plus I think. Can you tell more about improvements?

I think project sounds interesting and good that PORT can be found on zilliqa, eth and uniswap so users can choose

Yeah sounds looks like a bit phishy with a 10% weekly compoundingly , watch out and read the small letters in there.
Also this thread and topic should be moved to the Altcoin section as it hasnt to do anything with the Forum and for Beginners and Help in anyway.
Maybe OP can move it , or a Moderator can move it .

With or without staking this smells like a rotten egg, 10% weekly return??  Absolutely No and thank you for sharing, even if this starts well it won't end well that's certain

Project name:

PACKAGEPORTAL (PORT)

PORT Usecase
1: PORT is designed to incentivizes online shoppers to scan the shipping labels on deliveries with their mobile device. This enables real-time delivery confirmations & feedback about the delivery experience directly from consumer to shipper, circumventing carriers & their surcharges. The ecosystem leverages smart contracts for the tokenization of scan data, and the transferability of its value, rewarding users for scans in the form of tokens ascribed redemptive value within the platform. Online merchants and retailers are able to use PackagePortal to reconnect with their shoppers at the moment of delivery, and easily operate blockchain based loyalty campaigns, as they collect valuable consumer and delivery data, accompanied by driver ratings.

2: PORT is our flagship token, it provides a mathematically secure means of converting scan data into substantive units of measure,  for the accreditation of users participating in the delivery process with the PackagePortal App.
3: Free PORT can be earned just by holding PORT in your wallet without staking any token

PORT Tokenomics
PORT Token has a circulating Supply 805,160 tokens and maximum supply 10 million token. with the market capitalization of $819,810,309.

Fungibility
Users who decide not to redeem their tokens within our platform, can exit into other applications built on the Zilliqa and Ethereum protocols via ZilSwap. The company will create a liquidity pool proportional to token distribution and user adoption. Creation is facilitated by the company, so as to prevent bad actors from setting misaligned exchange rates.
PORT will be priced at market price at the time of the pool creation. Likewise, the future listings of XPORT and MPORT will be priced at market price respectively. Market value may vary or differ from redemptive value. The company will use its platform, resources, and social profiles to communicate that any departure from these values, whether in sale price or bid ask, is unwarranted, and that all risk is assumed by the user at the time a swap is conducted.

Governance
As technological and legal advancements accompany dynamic token distribution & holder demographics, the Board will put forth Proposal-1 which will decentralize control and governance over multiple aspects of the PackagePortal platform.
Upon implementation, holders of the original PORT will be given on-chain voting rights for various decisions involving, but not limited to:
Rewards Distribution

Staking & Liquidity Pool Yields

Premium Prize Sourcing

Campaign Participants

Charitable Donations

*Please note: No proposals have yet been submitted, nor will be submitted until after all 10 million PORT are in circulation, and platform stability has been demonstrated. Upon the last PORT being mined from our scan contract (when XPORT is introduced), Proposal-1 will be issued to the public. In the months leading up to that time, drafts will be made public so that community feedback and participation in the review process will influence its structure.
*Governance and voting rights will also be afforded to PORT holders.

How to Buy PORT tokens?
Create an account on ZilPay at ZilPay.io or download ZilPay App from AppStore or PlayStore
Buy ZIL from Binance.com and then deposit ZIL in your ZilPay Wallet.

https://i.imgur.com/A4Pe29c.jpg

1: Go to the browser of the ZilPay Wallet and connect your wallet to zilswap.io
2: Then select ZIL in "You Give" and PORT in "Your Receive"
3: Add your ZilPay Wallet Address by clicking on "Add receiving address" to receive your PORT token.
4: At last Click on "SWAP" and that's it.

The PORT token can be added manually by clicking on ‘+’ in Zilpay wallet Homepage
Contracts address is : zil18f5rlhqz9vndw4w8p60d0n7vg3n9sqvta7n6t2
Paste the contract address there and click on Add token.

Disclaimer
This content is from Azazel own personal view of the project as an investor, and should not be taken as legal, tax, investment, financial, or any other category of advice. Nothing contained in this document constitutes a solicitation, recommendation, endorsement, or offer by Package Portal Inc., or its agents to buy or sell financial instruments. No content should be interpreted as a guarantee of any type of return or promise of financial gain. Tokens created and issued by Package Portal Inc. [we, us, our, the company] including but not limited to PORT, XPORT, MPORT [the tokens] are not designed to be instruments of speculative investment. We make no promise, claim, inference, or implication of any profit or “ROI” to be realized from the external trading of our tokens in secondary markets.
The tokens exist for consumptive purposes, as a means of exchanging value on, and in connection with, our own platform and ecosystem. The tokens have a fixed internal value and constant redemption rate for items, services, & products available within our platform, or the platforms owned by our strategic partners &/or affiliates. Any supply of tokens in circulation possesses immediate usability in our ecosystem. Be aware that exiting our platform, or removing the tokens from our controlled ecosystem is done so at your own risk, having acknowledged the general counsel provided in this disclaimer. Users of the PackagePortal platform are expected to be aware of the laws or regulations of their local jurisdictions. It is the obligation of the user to evaluate if use of the platform would be unlawful under any law or regulation of the jurisdiction they’re subject to. Use of the platform is an acknowledgement & acceptance of this disclaimer.

All social media platforms:

Website: packageportal.com
Twitter: https://twitter.com/packageportal/
Telegram: https://t.me/packageportal
Facebook: https://www.facebook.com/packageportal/
Instagram: https://www.instagram.com/packageportal/

YouTube: https://www.youtube.com/channel/UCNSJKu3v0RV8nH2nLotqJfQ

Team LinkedIn
JG Whitley: https://www.linkedin.com/in/jg-whitley/

Gabriel Chaney: https://www.linkedin.com/in/gabrielchaney/