EktaChain Portal

Hey guys, today we have an interesting utility-based project to take a look at. Ekta Portal NFT by EktaChain is an exciting upcoming project revolving around the Ekta Chain. The NFT project features some cool avatars which will serve as redemption for your very own Ekta Endpoint Node. Best of all, this is a pre-established project, with a token that predates the NFT and Node drop.

Let’s take a closer look!

Who is Behind the Project?

Behind the project, we have Co-Founder & CEO Berwin Tanco. Tanco has a vast amount of experience managing and leading various businesses – having served as a director at different villa rentals, resorts and hotels in Indonesia, his ongoing passion for his business pursuits makes him an ideal CEO, fit to lead the Ekta Chain project to success.

Also co-founding the project we have Yog Shrusti, CSO. With 25 years of experience in information technology and digital media, Yog brings a unique perspective to the Ekta team. His technical know-how paired with his business acumen will help Ekta grow exponentially while staying true to delivering high-quality fundamentals.

Lastly, our third Co-founder, Jason Zheng, CMO. Jason is a marketing whiz who has worked for years with companies of all sizes and industries, helping them to improve their customer acquisition strategies. He’s currently the Chief Marketing Officer at Ekta where he applies this culminated knowledge.

Team Members

• Berwin Tanco – Co-Founder, CEO
• Yog Shrusti – Co-Founder, CSO
• Jason Zheng – Co-Founder, CMO
• Alex Shapiro – CTO
• Malindi Strydom – Communications
• Yaz Boraie – VP Strategy
• Sven Milder – Chief Investment Officer
• Renata Papakon – Product Marketer
• Jonathan Chen – In Game Visual Developer
• Mikey Buencamino – Product Manager
• Alex Hogan – Product Manager
• Alex Jackson – HR Manager

The team is fully comprehensive with a lot of core members and a reported 75+ total team members that are located around the world. Each team member is fully doxxed with a LinkedIn profile.

About the Collection

Ekta Portal NFTs exist within the EktaChain ecosystem. EktaChain is a new generation of blockchain technology that offers a unique combination of features and benefits. EktaChain is designed to be a Layer 1 solution that utilizes a proof of authority consensus algorithm. This makes EktaChain highly scalable and enables rapid transaction speeds. In addition, EktaChain offers great security and privacy features through its use of zero-knowledge proofs. EktaChain is also partially compatible with Ethereum smart contracts – through the use of the Ethereum Standard Compatible Contracts (ESCC) Standard, making it a flexible choice for hybrid solutions.

The Ekta Portal NFT collection fits into this because each NFT will serve as a redemption for one Ekta Portal Endpoint Node, allowing operators to secure the network via Proof of Authority and receive $EKTA as a reward (more on the actual NFT later). Ekta Portal is the world’s first fully pre-manufactured endpoint node, built to plug and play for individuals with little or no technical background. The device is a small powerful mini PC that serves as an RPC endpoint that allows users to engage with the Proof of Authority consensus mechanism – all at your fingertips!

The electricity cost to operate the Ekta Portal 24/7 for 12 months is only $8 (USD) per year, based on the average price of electricity in many countries around the world. Operators benefit because their devices consume 75 times less energy than comparable computer nodes that require desktop PCs!

Learn more about Ekta through their Whitepaper, here.

About the Ekta Portal

The Ekta portal is a standalone, micro PC with everything integrated that is needed to provide proof of authority to the Ekta network.

Price: Included with the NFT (NFT set to cost $650 USD, in either $EKTA, ETH or USDT).

Rewards: Portal NFT presale buyers receive faster access and will earn a larger share of the daily $EKTA emissions while public sale buyers start earning rewards later.

• Once the first batch of Portal Nodes is activated, a rewards pool of 10,000 $EKTA tokens are emitted to operators daily, no matter how many operators are connected.
• Since each day’s reward pool is divided by the number of devices in operation, the earlier you are in owning and operating Portal Nodes, the greater your daily rewards.
• For instance, if 100 nodes are operating, then each will receive 100 $EKTA per day; if 1,000 nodes are operating, each receives 10 $EKTA per day

Specs:

Processor: Quad core Cortex-A72 (ARM v8) 64-bit SoC @ 1.5GHz

Memory: 8GB LPDDR4-3200

Storage: To be announced

Ports: 2 USB 3.0 ports; 2 USB 2.0 ports
2 micro-HDMI ports (up to 4kp60 supported)
USB-C power supply

Notes: 1 NFT = 1 Endpoint Node. However, if you buy multiple NFTs you will have the option to have multiple physical nodes, or alternatively, you can have just one and have a multiplier added to your earning based on how many NFTs you bought.

How much can you earn?

There will be a rewards pool of 10,000 $EKTA emitted to operators of an endpoint node daily. For example, if all 10,000 nodes are operating, operators will only receive 1 $EKTA per day for each NFT/node they are operating. Owning multiples may be wise.
As of writing 1 $EKTA is trading for $0.35 (USD), down from its ATH of $8.61. Before the bear market came into effect this year the coin was actively trading between $2-$5.80 for the first few months of the year.

The Actual NFTs

The real meat and bones of this project is the utility, Ekta is its own blockchain and the NFTs are merely sold as a pass to bring further investment to the chain.

Nonetheless, the NFT’s do look pretty cool. Unfortunately, though, we cannot see any high-quality previews. The team have only included the actual NFTs in the background of pictures on their site. You can see an example in the top layer of the Ekta device image in the above section.
However, we do have high-resolution final NFTs from the OG collection, which is Gold. The only difference to my knowledge is that all of the OG collection are Gold whereas the new collection is other colours except Gold – all other traits should be shared.

As can be seen from the artwork, there are a few different traits in the collection, including headwear, eyewear, face style, hand accessories and more. It seems to be a very diverse collection. This should be a good sign of what is to come from the upcoming collection.

Additionally…

Holders of a Portal NFT will have access to upcoming, exclusive EktaChain NFT Collections. MetaTrees & Ekta Island are two exclusive projects that holders will have guaranteed whitelist minting for

Road Map

The project has two Road Maps. One is for the projects Portal Node development, the other for the NFT project. The Road Maps are brief, but the points are clearly made and dates are provided.

Portal Road Map

EktaChain Portal NFT Road Map

Socials

• Twitter – 10.3k followers | Joined March 2022 – Medium Twitter account. A lot of Tweets are made. Tweets get average to good engagement.
• Discord – 3.5k Members | 478 Online – Medium Discord. Simple push-button verification. No shilling channels. No bots. Chat is slow, but some conversation.

Smart Contract

Smart Contract is not yet available for review.

Price & Mint Date

One EktaChain Portal NFT (Including the Portal Endpoint Node) will be $650 USD, payable in $EKTA, USDT or ETH depending on the chosen sales platform.

Minting is slated to begin by late September 2022.

Conclusion

The artwork is fairly good with a bunch of variations, made to a high, clean standard. However, the artwork is not the focus here – the main focus is the project’s utility – the endpoint node. $EKTA is already a pre-established token that has had some decent previous volume and did have a fairly good price before we entered the bear market. The main thing that most investors will be wondering is whether the Ekta Endpoint will make them any money. At current prices, if the collection completely sold out, it’s likely to make your pennies per endpoint each day. However, if you are to own a few of the NFTs (or fewer Endpoint Nodes are running) – or the price of $EKTA climbs to previous highs then investors could optimistically make around $5 per node daily.
The negatives of the project, are that the NFT, and the utility itself are dependent on the future success of the Ekta Blockchain Network, and from what we are seeing recently it doesn’t look too good – but then again, what Crypto is looking good in this current market?

Overall, this is a cool project. It’s got nice artwork. The founders are fully doxxed and this project is organised very well, the team already have a working product – the Ekta Network and is hitting the ground running with the Ekta Portal NFT launch. The project has a very promising future, albeit dependent on Ektas wider success.
I think that minting this project could be a wise choice if you are looking for a flip. Hanging around to use the full functionality of the nodes is a riskier play and requires you to have a long-term conviction in the Ekta Blockchain.

As always, please do your own research. This report does not constitute financial advice.