Events

/

August 18, 2023

Become the “Portkey Pilots”, “Embarking” Journey with the CA wallet to share $500 ELF

Blog Image

From the moment Portkey was unveiled at Consensus in April 2023, our mission has been clear and consistent: to migrate the next billion users from web2 to web3.

We know you have been waiting so long recently for Portkey’s next big update and community events, and here we are. Today we’re happy to introduce the “Portkey Pilots” Program.

Portkey Pilots

Portkey Pilots is a 4-month journey allowing users to experience web3 with Portkey, the first CA wallet in aelf’s ecosystem. This campaign covers a range of themes, each centered around specific features and testing areas of the product. We’re extending an invitation for users to participate in co-building the product.

From August to December, you can expect a series of product testing events, including basic functionality tests, specific feature tests like register account with phone number, on-off ramps, and so forth.

By joining us as “Portkey Pilots”, you’ll play a vital role in the Portkey growing community, with chances of winning remarkable rewards, and earn potential community benefits, which may include airdrops, lucky draw, etc. based on your contributions and engagement during the period.

Get ready, the first campaign is here!

The first event of the Program is Pilots “Embarking”, to welcome new Portkey Pilots onboard. By joining this two-week campaign, you’ll explore the basic functionalities of Portkey wallet, and learn more about what smart contract wallet is and what benefits it has.

12 simple product experiencing tasks will be released on Zealy platform. Users who complete each task within campaign period will earn corresponding xp points to be ranked on the leaderboard.

The top 50 participants on the leaderboard will be eligible for a lucky draw, with a total prize of $500. Ten lucky winners will be picked out to receive $50 ELF each. And this is just a beginning.

How to Participate:

1. Join Portkey Community on Zealy: Visit our Portkey Pilots Campaign page, connect with Discord to join the Portkey community.

2. Complete Sprint Quests: Complete various tasks in the Sprint Quest to earn experience points (XP). The more quests you finish, the more XP you will accumulate

3. Climb the Current Sprint Leaderboard: Your accumulated XP determines your position on the leaderboard. Aim high and secure a spot among the top 50 participants(with at least 100xp) to join the lucky draw to share $500 ELF!

The campaign will run from August 18, 2023, at 10:00 UTC to August 30, 2023, at 10:00 UTC.

Task Settings

12 tasks for experiencing basic functionalities include:

1. Download Portkey and register a Portkey Mainnet account

2. Add a Guardian

3. Remove a Guardian

4. Switch to Testnet

5. Switch back to Mainnet

6. Perform a social recovery to the account on a new device

7. Remove one login device

8. Complete a transfer to a friend’s Portkey wallet Mainnet Mainchain address

9. Complete a transfer from Portkey wallet Mainnet Mainchain address to a Sidechain address

10. Complete a transfer from Portkey wallet Mainnet Sidechain address to a Mainchain address

11. View a transfer record on AELF Explorer via Portkey “Discover”

12. Experience Discover section, visit “AELF MainChain Explorer” — “Governance” — “Proposal” and login by connecting your Portkey wallet”

2 tasks for social engagement:

  • Join Portkey Discord
  • Join Portkey Telegram

The total points for all tasks are 400 points. Users will only receive points for completing the tasks explicitly mentioned in this article.

Rewards

Participants who rank in the Top 50(with at least 100xp) of the Current Sprint leaderboard will be eligible to enter the lucky draw, which will take place the day after the final leaderboard is revealed. 10 lucky winners will be selected to share $500 ELF (around 1700 ELF), and each winner will receive $50 worth of ELF sent to your Portkey wallet address.

As “Portkey Pilots” takes off, get ready to dive in and be part of the Portkey community and contribute the BUIDL of the very first CA wallet of aelf. Let’s work together to make web3 accessible, user-friendly, and exciting for everyone.

About Portkey

Portkey is the first CA wallet from aelf’s ecosystem, migrating Web2 users and developers into Web3 with DID solution.

Users can swiftly log into Portkey via their Web2 social info with no private keys or mnemonics required. Underpinned by the social recovery and decentralized verifier design, Portkey safeguards users’ assets from centralized control and theft. Portkey also generates nearly zero fees for account creation and user usage with its special delegation mechanism.

Portkey provides crypto on/off-ramp services, allowing users to exchange fiat with crypto freely. It supports storage and management of various digital assets such as tokens, NFTs, etc. The compatibility with multi-chains and seamless connection to all kinds of DApps makes Portkey a great way to enter the world of Web3.

🐦 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.