ChainPort Will Launch Their IDO on VentUp!

VENT is delighted to announce the next project to launch their IDO on our VentUp Launchpad — ChainPort.

ChainPort (PORT) enables users to securely port tokens between multiple supported chains. Users enjoy fast speeds and a simple onboarding process using a single intuitive UI while supporting the most popular crypto wallets. We’re delighted to welcome ChainPort to our ecosystem and look forward to a successful IDO launch!

To ensure participation in ChainPort’s IDO registration and launch, the VENT Tiers System is applicable.

Introducing ChainPort

ChainPort is a new-generation bridge featuring new functionalities, including same token cross-chain swaps, API direct calls, multiple wallet support with online human support. Through an innovative blockchain bridge that provides custodian-level security with real interoperability, porting tokens only requires a few minutes between the supported chains, trading and using them on the target chain. Depositing, transferring, and withdrawing tokens through ChainPort is free. Only gas TX fees are due to the relevant blockchains.

Security plays a fundamental role in the ChainPort ecosystem, and the platform secures assets with multi-layer technology while combining the latest MPC cryptography and hardware isolation. The platform is fully audited and monitored by Certik and Cyber Unit, among others.

Ethereum has long enjoyed its position as the dominant chain in crypto, however, in recent months several alternative chains have clawed into Ethereum’s position and many are expected to further develop and evolve in the future. Names including BSC, Polygon, Avalanche, and Terra have made tremendous progress and the opportunity for seamless multi-chain interoperability has never been greater.

Full interoperability is achieved as ChainPort has created a full cross-chain portal. Tokens can port across multiple chains without reverting to the original token. Porting tokens between blockchains executes free from interventions and limitations.

Through its custodian-level solutions, ChainPort enables a secure bridge with security maximization. It achieves this via:

• Funds Segregation
• Mulit-Sig Cold Wallets
• Fireblocks MPC Encryption
• Multiple Contract Audits
• Ongoing Monitoring

ChainPort excels in creating bridge security and permissionless porting, nurturing projects’ ability to generate more value for their users, and expanding tokens’ volume, reach, and discoverability.

A Word from The Founders

Erez Ben Kiki, Co-Founder of ChainPort, shared his thoughts on the upcoming IDO launch on VentUp:

“In only five months, ChainPort positioned itself as one of the most significant bridges in the space, and for a reason. Our exceptional team is working days and nights on delivering our mission of creating the best interoperability bridge there is.

Anything we are designing and creating is based on those three pillars:

1. Security is a top priority.
2. The simplest possible User Experience.
3. Helping the whole space grow.

These three pillars are part of the reasons why we’ve chosen to have Vent as one of our IDO partners. We know the crypto future is fluid, and the demand for interoperability will grow as more chains enter the game. We aim to be one of the most dominant players in that vector and help crypto space leap to mass adoption. ”

Lucas Mateu, Vent Co-founder, also shared his excitement:

ChainPort has been the go-to partner to provide bridging services to Vent and dozens of other trusted projects. They have successfully introduced a new level of ease and efficiency to porting tokens, and they’re on their way to becoming one of the most dominant players in that vector, assisting the crypto space in making the leap to mass adoption.

About ChainPort

ChainPort is one of the first permissionless bridges between blockchains. Anyone can freely use ChainPort’s highly interactive user interface to port tokens over different blockchains. ChainPort provides a bridge between Ethereum, Polygon, Binance Smart Chain (BSC), and Avalanche, with more blockchains to be added soon.

With so many blockchains in the space right now, interoperability is considered the most important route for the future. ChainPort aims to have fully operable bridges between all the EVM compatible networks and Non-EVM in 2022. Any token ported over from various blockchains using ChainPort is fully operable and can interact with any DApps on the Networks.

About Vent Finance

VENT is empowering startups and investors with technology that supports sustainable growth. We work to make decentralized funding simple and accessible as we believe in financial inclusion and an economy where innovation can benefit society as a whole.

Combining simplicity, security, transparency, and inclusivity, we are determined to reset the world’s expectations of what a decentralized launchpad is and help evolve the reputation and maturity of the DeFi space and crypto ecosystem.

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