Elastos Augments its Smart Web Suite of Technologies with Integration of Portal DEX Network

Elastos, the pioneering merge-mined Bitcoin ecosystem, is proud to announce its integration with Portal DEX, marking a significant milestone in driving interoperability and innovation within the Web3 landscape. This strategic collaboration will see the integration of the $ELA token into the Portal DEX, enabling users to effortlessly trade it against native BTC and BTC-based assets with just one click, powered by atomic swaps.

“First, Portal DeFi’s commitment to building tools that provide citizens with financial self-sovereignty corresponds directly to Elastos’ vision for a SmartWeb, where a user retains absolute control of his/her identity.? In addition, we both believe in the defining and central role that Bitcoin can and play in this process; our BeL2 project is all about making the potential of the World’s most popular digital currency available to as many users (and uses) as possible,” says Jonathan Hargreaves, Elastos’ Global Head of Business Development and ESG.

Elastos' BeL2 protocol will also integrate the Portal Swaps SDK, granting the broader Elastos community trustless access to native BTC, BRC20s, ERC20s, and other EVM assets using atomic swaps. Additionally, users of the Portal DEX Network will gain exposure to the tokens and decentralized applications (dApps) on the BeL2 chain and side chains, along with Elastos's cutting-edge Decentralized Identity (DID) and BTC Oracle protocols, further enhancing their Web3 experience.

“This integration with Elastos aligns with our mission of introducing millions of users to the wealth creation opportunities on the Bitcoin ecosystem. It’s really exciting to partner with Elastos’ cutting-edge DID and BTC Oracle infrastructure," said Dr. Chandra Duggirala, CEO & Co-Founder of Portal.

About Elastos

Elastos is a public blockchain project that integrates blockchain technology with a suite of reimagined platform components to produce a modern Internet infrastructure that provides intrinsic protection for privacy and digital asset ownership. The mission is to build accessible, open-source services for the world, so developers can build an internet where individuals own and control their data. For more visit https://elastos.info, https://www.dhirubhai.net/company/elastosinfo/ , X (Twitter): ElastosInfo, Be_Layer2

About Portal

Portal, conceived by a team of veteran Bitcoin and AI engineers, is dedicated to empowering financial self-sovereignty. The Portal Cross-Chain DEX Network is designed to match the speed, liquidity and user experience of centralized exchanges while eliminating the inherent custody risks of bridges and CEXs. Portal is backed by Coinbase Ventures, Arrington Capital, OKX Ventures, Gate.io and many other prominent investors. For more information, visit https://portaldefi.com, X (Twitter), Discord, Medium and Telegram