Porte Token

The Payment Porte platform is powered by its native token named the PORTE Token. It facilitates all kinds of activities and use-cases within the Payment Porte platform and beyond. Here is a brief understanding of why you should buy, hold, and use the PORTE Utility Token.

You can use the PORTE Utility Token to make instant cross-border transactions while having the opportunity to swap it with USD or any other fiat currency as per your convenience. This is arguably the most important attribute of the PORTE token, as it solves the existing pain points in legacy banking related to long settlement times and high transaction fees.

At Payment Porte, we have set up a burning mechanism similar to Bitcoin. We follow the deflationary token economy, as a part of which, all end-to-end transactions using the tokens are Burned upon settlement, thus reducing the circulating supply and creating more scarcity and potential value.

All PORTE Token holders have the opportunity to swap their tokens for other native coins on the Stellar network like USDC, XLM, VESL, thus providing enough flexibility and choice of usage for specific use-cases. As far as our enterprise-related use-case is concerned, one of the largest deterrents of the mainstream adoption of digital currencies is the perceived market volatility. To address this, we enable enterprises using the PORTE token for treasuries, trading and transactions to curb this market volatility by exchanging the PORTE tokens for stable coins that are pegged 1:1 with the USD.

As Payment Porte inches closer to its wide-scale launch, all PORTE Token holders will be eligible for a rich payback reward program for transactions and ongoing promotions, accrued in points then redeemable in Vessel gold-backed tokens.