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April 26, 2023

Be the Vanguards! Be the first to use Portkey!

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We are thrilled to announce that our CA wallet is officially launched on aelf Mainnet — its native chain. And Portkey is attending Consensus 2023 to officially release the product to the public!

To celebrate the above, we’re launching a special giveaway campaign exclusively for our Portkey Vanguards.

By downloading Portkey and following with social media accounts, you’ll receive 2 ELF in your Portkey wallet (first 3000 users) and also stand a chance to win 100 extra ELF in our Lucky Draw in May!

Be the first to use Portkey, get rewards, and get ahead in the Web3 exploration!

This campaign starts on Apr 26, 2023, at 10:00 (UTC) and ends on Apr 29, 2023, at 10:00 (UTC). Join us as Portkey Vanguards, and let’s embark on this exciting journey together!

How to be Portkey Vanguard?

  1. Follow Portkey Twitter account and RT the campaign tweet
  2. Join Portkey Telegram group
  3. Join Portkey Discord community
  4. Download Portkey ( iOS | Android )
  5. Fill out the Portkey Vanguard Collection to submit your Portkey wallet MainChain address.

Rewards

  1. The first 3000 users who have finished all the tasks will receive 2 ELF, paid to your Portkey MainChain address.
  2. The rewards will be sent to the first eligible 3000 users at 10:00 UTC from Apr 27 to Apr 29 in three batches
  3. All eligible users stand a chance to win 100 ELF in our Lucky Draw in May, where we airdrop 100 ELF to a random 30 Portkey Mainnet wallet addresses

What can you do with ELF you received

  1. Try Bingogame

If you’re looking for a way to put your ELF tokens to use, you can try Bingogame, a super simple game where you can guess on a roll and win more.

You can move your ELF from MainChain to SideChain first, then click this link. Login to Bingogame with the email/phone you registered for your Portkey Account, and start playing. It’s time to have some fun and win big if you are lucky.

2. Explore Portkey more!

You can send or receive ELF tokens to or from other Portkey users. And you can also try to send ELF between MainChain and SideChain to experience aelf’s multi-chain parallel computing framework.

3. Trade ELF or HODL in Portkey where it’s safe to store any asset

You can securely store ELF tokens in Portkey wallet or trade them on leading exchanges. To send ELF to exchanges, you must first make sure your ELF is on MainChain Network, then transfer them from MainChain address to the exchange.

How to download Portkey

🐦 Twitter | 🎮 Discord | 💬 Telegram | 🏠 Website | 💻 Youtube

Author Image
Portkey
WalletWhy It Stands OutSupported Assets
Coinbase- Publicly-listed on the Nasdaq stock exchange- Holds your assets in a 1:1 ratio and does not repurpose them200+ cryptocurrencies, including BTC, ETH, XRP, and SOL
OKX- Supports 300+ cryptocurrencies and NFTs across multiple networks- Available as a mobile or desktop app, and browser extensionBTC, ETH, XRP, SOL, and 300+ more cryptocurrencies, along with NFTs on Ethereum, Solana, BASE, and more
Crypto.com App- Rewarding if you hold and build a cryptocurrency portfolio over time- Nifty features like Crypto Earn and Recurring Buy help you grow your holding easilyMore than 350 cryptocurrencies, including BTC, ETH, XRP, and SOL
Trust Wallet- Very wide range of assets- Available as a mobile app and browser extensionOver 10 million cryptocurrencies and 600 million NFTs from Bitcoin, Ethereum, Solana, Cosmos, and more
MetaMask- Can be used to complement your main Web3 wallet- Perfect for ownership of Ethereum-based tokens and NFTsAny asset on the Ethereum blockchain
Exodus- Over 100,000 cryptocurrencies supported- Buy any of them within the Exodus walletMore than 100,000 cryptocurrencies and NFTs across 16 blockchains
Ledger Stax- 5,500+ cryptocurrencies and NFTs supported- Certified Secure Element chip to shield it from online attacks5,500+ cryptocurrencies and NFTs
Trezor Safe 5- A compact device at 23g with a 1.54-inch touchscreen- Supports over 1,000 cryptocurrencies, and has a CC EAL6+-certified chipOver 1,000 cryptocurrencies, including BTC, ETH, XRP, and SOL
SafePal S1 Pro- Slim and sleek, with a 1.3-inch colour screen to show your holdings- Can be paired with the SafePal Wallet app and browser extension to grow your portfolio30,000 cryptocurrencies and more across 100+ blockchains
ZKPsMultisig WalletsTEE
StrengthsZKPs provide wallet owners with security and privacy at one goMultisig wallets are hassle-free and secure; easy to implement for any group or organisationTEEs allow Web3 wallets to achieve a similar level of security as hardware wallets
WeaknessesTransacting parties need to interact multiple times. It’s not ideal for non-real-time applications.Transaction costs are higher due to the multiple signatures – and gas fees – needed. Transaction speeds are lower too.Cannot be easily implemented for software-based Web3 wallets as it is operating system-dependent
Wallet TypeHardware WalletBrowser ExtensionMobile App Wallet
Pros- Offers the best security for Web3 digital assets- Many brands and models to choose from- You can conveniently add it to your web browser- It doesn’t take up much storage space on your PC- You can access your assets from anywhere- You can easily transfer assets between apps
Cons- You risk losing your assets when you lose the device- The cost can be prohibitive for some- Susceptible to security breaches if your browser is compromised- Functionality may be limited for some- Vulnerable to similar security breaches as browser extension wallets- You also bear the same risk of losing your assets if you lose your mobile device
Web2 PhishingWeb3 Phishing
MethodPurely reliant on offline or Web2 platforms. For example, phone calls, SMSes, publishing fake websites, etc.Utilises a mix of Web2 and Web3 platforms. For example, hackers impersonating a key opinion leader or deploying malicious smart contracts.
PurposeTo steal cash, personal information, and sensitive data.To steal digital assets and sensitive data, and control Web3 projects.
ProsCons
MPC wallets are incredibly safe thanks to their novel security mechanism.There are relatively fewer MPC wallet solutions available, as compared to multisig wallets.
MPC wallets provide you with more flexibility in managing your assets, especially if it’s a wallet for institutions or investment groups.MPC wallets appear easy to use on the outset, but they still require a level of technical expertise and cryptography knowledge.
MPC wallets greatly reduce the risk of a single point of failure.MPC wallets can take slightly longer to execute transactions because its security mechanism is fairly resource-intensive.
MPC wallets are highly decentralised, adhering to cryptocurrency’s core principles.You’d still need to manage each private key fragment carefully. After all, each one is crucial to forming the full key.