Tokens

Proof Of Receipt Tokens

J.G. Whitley
January 26, 2021

Introducing Proof Of Receipt Tokens

PORT — 10,000,000

Token address: zil18f5rlhqz9vndw4w8p60d0n7vg3n9sqvta7n6t2

XPORT — 100,000,000 — [Locked]

MPORT — 10,000,000,000 — [Locked]

PackagePortal is a service-backed DeFi platform, that allows users to earn tokens by scanning shipping labels. Holders of PORT will be able to farm more ecosystem tokens, as well as govern various aspects of the delivery data service, which online merchants and shippers will need in order to cut cost on delivery confirmations, and participate in the evolution of e-commerce delivery data.

In the e-commerce space an inflationary token supply is indicative of a successful business model. PackagePortal will sell delivery data to online merchants, and reward their customers for creating it. Since there’s hundreds of millions of deliveries around the globe daily, and “1 scan = 1 token”, then we’ll eventually need a LOT of tokens.

Roman numerals will represent the generational supply increases, with some fun onomatopoeia. Once all 10 million PORT are mined, we will introduce XPORT, with a 10x total supply. Likewise, MPORT represents 1000 times the original PORT supply, & remains locked until the last XPORT is mined.

This model accounts for increasing user adoption, alongside parabolic growths curve of retail delivery forecasted into the year 2025. The lower initial supply is proportional to the slower growth rate of a startup, and allows us to better identify the earliest adopters & community members to reward them.

Token Allocation

Allocations for the original PORT token are listed below. Allocations for XPORT and MPORT will be released in the future. Both team tokens and private sale tokens remain locked until vest periods expire. Tokens in the Scan Portal remain locked until the full supply in mined by scans. Thus; our initial circulating supply at launch is 1,000,000 (10%).

SCAN PORTAL — 7,000,000 — (70%)

Mined by User Scans

TOKEN SALE — 1,000,000 — (10%)

200k at Launch — Remaining 800k Vests Monthly (100k every month for 8months)

TEAM SHARE — 1,000,000 — (10%)

200k at Launch — Remaining 800k Vests Semi-Annually (200k every 6months for 2yrs)

OPERATIONS — 200,000 — (2%)

Fully distributed at Launch

COMMUNITY REWARDS — 500,000 — (5%)

100k at Launch — Remaining 400k distributed quarterly (50k every quarter for 2yrs)

ZILSWAP — 100,000 — (1%)

1k at Launch — Remaining 99k in token sink

UNISWAP — 100,000 — (1%)

1k at Launch — Remaining 99k in token sink

ADVISORS — 100,000 — (1%)

Fully distributed at Launch‍

CoronaVirus changed the way we get the things we need. Home Delivery has never been more important. Online orders sustain our homes and businesses and our very lives. Let's make is safer and smarter for everyone.

Token Redemptive Value

PORT — $1.00

XPORT — $1.00

MPORT — $0.50

PORT will be pegged to 1 US Dollar on our platform, and be immediately redeemable for items or services available in the rewards warehouse. Both PORT and XPORT have the same redemptive value; however, original PORT holders will be eligible for premium prizes and weekly giveaways. Prizes held in the warehouse will be shared on our social profiles, or those of our strategic partners/affiliates. Users may access this Google Form to redeem tokens.

Fungibility

Capturing any percentage of the delivery industry means a very heavy volume of transactions will need to be conducted. Zilliqa’s innovative network provides much cheaper gas fees, for transactions that happen even quicker, so we happily built our platform on their ZRC-2 standard.

As they actively work to complete a bridge to the Ethereum network, we want to ensure that ETH users are able to participate now. So to facilitate this, 100,000 PORT (1%), will be wrapped as ERC-20 tokens, with the corresponding supply of ZRC-2 tokens being burned. Total supply between both networks is then maintained at 10 million PORT. Ethereum based tokens will use the symbols ePORT, eXPORT, and eMPORT, and their contract address will be made public. Users who wish to exit our platform to explore other dapps and games within the Zilliqa and Ethereum networks, can do so via ZilSwap and uniswap.

Token Issuance

In a measure of safety at the beginning stages, automated token issuance has been disabled for a short period. Tokens will be issued manually every day at UTC — Midnight. This inspection period allows our engineers to analyze feature sets live on the MainNet, and enhance efficiencies from a safeguarded environment. Once the development team completes its review, auto-sends will be reenabled.

Token Redemption‍

Users will have the ability to redeem their tokens immediately, at the rates listed above. Each PORT token that is sent back to our redemption address, earns the equivalent of $1 in warehouse credits. Users can access this Google Form, to send us the transaction id showing the transfer(s), and then specify the item or service desired from the rewards warehouse, along with any color, sizing, or styling preferences.

Tracking numbers are evolving into more than just binary code.

Ecosystem Incentives

Users who hold PORT tokens for extended lengths of time, rather than redeeming them, or trading them, will be eligible for special prizes and rewards. Randomized snapshots will be conducted to determine token balances. Only those users who are confirmed to have mined PORT tokens from our contract address, and do not trade out of, or exit our system, will be eligible for airdrops and additional rewards.

*Please note: at this time, any tokens purchased or obtained from 3rd party exchanges will not be eligible for redemption, however will be entitled to governance voting rights and LP yields.

Token Burns & Buy-Back

Package Portal Inc. is a U.S. based company, that seeks to follow all regulatory guidelines necessary to remain operational. As such, we have fixed the value of our tokens internally and will honor that valuation on our platform always. External token prices will NEVER be inflated by the company or its officers or directors, and no methods will EVER be employed to manipulate or deviate from our clear and transparent redemption value listed at the top of this page. Please do not buy tokens from any person, system, app, or exchange offering our tokens at prices disproportionate to our official assignments above.

Users are afforded the freedom to exit our platform if they so choose. Transferring rewards earned into other blockchain based applications, demonstrates true ownership of the value they generate as online shoppers. However, we make no guarantees as to the outcome of engaging in public market trading, and urge users to heavily research the financial risk involved with public markets. Once PORT tokens leave our platform, there are no guarantees as to their external valuation, so users should exercise extreme caution before ever attempting to make a trade.

At no time will Package Portal Inc. ever buy back tokens from public markets, or burn any supply of tokens owned or maintained by the company, for any reason (apart from the inaugural ERC-20 minting event). No such mechanism of speculative value inflation will ever be employed by the company. Neither will we incentivize users to burn or reduce supply in any organized efforts to increase our tokens’ value above or below the value we assign them. Package Portal Inc. will maintain the listed redemptive value for our tokens within our platform in perpetuity.

Disclaimer:

Tokens created and issued by Package Portal Inc. [hereafter: we, us, our] including but not limited to PORT, XPORT, & MPORT, [hereafter: ‘the tokens’] are never meant to be instruments of speculative investment. We make no promise, claim, inference, or implications of any profitability or “ROI” to be realized from the external trading of our tokens in public markets. The tokens exist for consumptive purposes, as a means of exchanging value on, and in connection with, our own platform and ecosystem. The tokens have a fixed internal value and constant redemption rate for items, services, & products available within our platform, or the platforms owned by our strategic partners &/or affiliates. Any supply of tokens in circulation possess immediate usability in our fully functioning ecosystem. Be aware that exiting our platform, or removing the tokens from our controlled ecosystem is done so at your own risk, having acknowledged the general counsel provided in this disclaimer.

J.G. Whitley
Hi, I'm J.G. one of the founders of PackagePortal. When I'm not building or creating, I like to descend mountains on two wheels.

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