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HomeAIRDROPSPortal Airdrop Review: Offers Unlimited Transfers Across Chains 

Portal Airdrop Review: Offers Unlimited Transfers Across Chains 

About Portal Airdrop

Portal Airdrop is a bridge that offers unlimited transfers across chains for tokens and NFTs wrapped by Wormhole. Unlike many other bridges, users avoid double wrapping and never have to retrace their steps. Portal doesn’t have an own token yet but could launch one in the future. Early users who’ve used the bridge may get an airdrop if they launch an own token.

BasicDetails
Token NamePortal Airdrop
PlatformETH
Total ValueN/A
Support24/7
KYCKYC Is Not Requirement
WhitepaperClick Here To View
Max. ParticipantsUnlimited
Collect AirdropClick Here To Collect Free Airdrop

Step-by-Step Guide:

  1. Visit the Portal website.
  2. Connect a supported chain wallet.
  3. Select the token you want to transfer.
  4. Now connect a destination chain wallet.
  5. Complete the transaction.
  6. Portal doesn’t have an own token yet and early users who’ve used the bridge may get an airdrop if they launch an own token.
  7. Please note that there is no guarantee that they will do an airdrop and that they will launch their own token. It’s only speculation.

How does the Portal work?

The Portal Airdrop is an application built on top of Wormhole. When you bridge tokens through Portal, the origin token gets locked in a smart contract, and a new Portal wrapped token gets minted on the target chain. You can swap those for other/native tokens on the target chain. See which Portal wrapped tokens have liquid markets here.

Sending Messages

Sending messages with wormhole is as easy as calling the on chain program with the correct arguments, or using the javascript SDK to send messages from the client. With each message, it’s required to include a nonce, which is a random number used to make sure the same message isn’t processed twice.

Token Bridge

Portal Airdrop is a bridge that offers unlimited transfers across chains for tokens and NFTs wrapped by Wormhole. Unlike many other bridges, you avoid double wrapping and never have to retrace your steps.

Relaying

After the guardians have signed the Wormhole message it’s considered a VAA, or Verifiable Action Approval. This VAA sits in a mailbox with the Guardians that is accessible via the Guardian RPC endpoints.

These VAAs can be picked up by anyone, including the original user and submitted to the target chain. In some cases, we have automatic relayers that pick up and submit transactions for a fee charged to the user that initiated the message.

Receiving Messages

Portal Airdrop When receving messages, the developer can either manually retrieve them from the Guardians or have them be submitted to their contracts via a Relayer.

Whichever way it gets to their contract, the next steps are to verify the VAA to make sure it’s a signed by the Guardians, and to make sure it’s not already been processed.

EVM to Solana

Portal Airdrop cornerstone of cross chain apps (xDapps) is the ability to move tokens from one chain to another. Wormhole’s APIs make that a breeze. Let’s do a simple programmatic transfer from Eth to Solana. First, they need to figure out what address on Solana where they are sending the tokens. Unlike EVM chains where the address is just the wallet address, they need to send the tokens to recipient address associated token account for that token. They can use a couple helper functions from the Wormhole SDK to make this possible.

NFT Portal

The NFT Portal allows users to send their NFT cross chain to Ethereum, Solana, Binance Smart Chain, Polygon, Avalanche, Fantom, Oasis, Karura and Celo.

NFT Origin tool

Portal Airdrop Users may use the NFT Origin tool to help manually verify the authenticity of an NFT.

Note: The tool only tell you the origin of a NFT which can help you to verify it manually. It will not tell you whether a NFT is a real or fake.

How to send USDC from Solana to Ethereum

Sending USDC directly from Solana to Ethereum will result in USDCso (Wormhole from Solana) which will require an additional swap and hence another (expensive) transaction on Ethereum. Instead, to receive native USDC on Ethereum, users should send USDCet (Wormhole from Ethereum) from Solana to Ethereum. Here is a tutorial on how to receive native USDC on Ethereum using the Portal.

First, you will need USDCet (Wormhole from Ethereum) in order to transfer the token to Ethereum. You can obtain this either via Mercurial, Jupiter or Saber. In this example, we will use Mercurial.

Bixer Simond
Bixer Simond
Bixer Is Long Term Writer & Editor At Woodfi . His Hobby Is Writing Article For Wootfi Visitors . His Main Focus Area Is Crypto , Affiliate , Blockchain , NEFT , ICO . In Free Time He Loves To Research New Things
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