Connect with us
Active Currencies 14778
Market Cap $2,557,616,555,646.10
Bitcoin Share 51.24%
24h Market Cap Change $0.70

PORT Network: First DApp to harness sustainable processing power for both Cloud and volunteer computing

2min Read

Share this article

 The demand for increased computing power is growing at an exponential rate. Industries such as IoT, Pharmaceutical, AI, 3D Image Processing, and Deep Learning all require huge bandwidth in a non-restrictive and cost-efficient approach.

This is where PORT Network seeks to break new ground. PORT Network is the first decentralized P2P application that unites both Cloud and Volunteer computing on the blockchain.

Unused computational power from individuals and businesses can be sold for the native token, PORT. Private and Corporate companies can then purchase this unused resource to increase their bandwidth and computing power. In short, PORT not only incentivizes sustainable resource sharing but allows enterprises to focus their energies on building.

This allows corporations, often in scientific fields, the extra computing power needed to perform intricate calculations at high speed in a fraction of the time compared to in-house computers. The PORT Network offers a scalable solution and consumers can purchase as little or as much power as required. The opportunities and savings this creates are enormous with the benefits being tangible across all industries and sectors.

“Sustainable energy is the future.” said CEO Janusz Siuda. He continued:

“The PORT Network utilizes unused computing power. This gives consumers both the extra power when needed but also helps to create an environment-friendly ecosystem.” 

The Benefits of PORT Network

  • Anyone with idle CPU Power and/or Storage can earn PORT tokens, which will be redeemable for additional computing power or traded on Exchanges
  • Kind to the planet: PORT uses pre-existing computing power which is a must in today’s eco-conscious world, instead of generating new and unnecessary power
  • High-Performance Computing consumers can purchase PORT and implement this enhanced power to their own systems quickly and in a cost-effective manner
  • Provides a far less expensive alternative to existing, cumbersome cloud services

Upcoming/Roadmap

  • Q3 2021 will see the launch of the platform’s native PORT Token Sale, where PORT will be available for purchase for later use within the platform.
  • Q4 2021: Software Launch. PORT Listed on DEXs & CEXs allowing token holders the ability to trade PORT on exchanges. 
  • Q1 2022: TV advertising campaign and continued online marketing presence once the Token Sale is complete.  

PORT Token Sale

Currently ongoing is the PORT Token Sale. Port Network has made available 50,000,000 PORT tokens of the 100,000,000 in existence to be sold in a stage-based deployment. Port Network has set a hard cap of 22,500,000 USD, and the token sale will run until Q4 of 2021.

Follow the Port Network social media channels to stay up to date with their latest news:

Website | Telegram | Twitter | Facebook | Instagram | YouTube | LinkedIn

Media Contact

Contact Person: Tatjana Schmiedebach

Email: marketing@portnetwork.io

Port Network is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

Disclaimer: This is a paid post and should not be treated as news/advice.

Share

With Masters in Mass communication and journalism, Anjali's interests lie in blockchain technology adoption across emerging economies.
Read the best crypto stories of the day in less than 5 minutes
Subscribe to get it daily in your inbox.
Please check the format of your first name and/or email address.

Thank you for subscribing to Unhashed.