Port3 Network
PORT3
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
PORT3 (Port3 Network) is currently undergoing a token migration and deprecation following a catastrophic security incident. Data Gap: Active Development scored -1.0 due to project deprecation/migration and lack of protocol repo activity; its 20% weight was proportionally redistributed across remaining sections. Red-Flag Event: On November 22, 2025, the protocol suffered an exploit where "The vulnerability allowed 'owner==0' (a renounced owner field) to pass ownership verification, enabling the attacker to illegally mint 1 billion unauthorized $PORT3 tokens, valued at approximately $13 million, which were then dumped." This caused an ~82% price collapse and compromised supply integrity. While the team initiated token burns and exchange freezes, the existing token contract has collapsed in liquidity ($12K daily volume, ~$176K market cap) and is being retired in favor of a new migrated token contract.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Port3 Network (PORT3)
Port3 Network (PORT3) is a deprecated token undergoing a migration following a major security breach in November 2025. Founded in 2022 and based in Singapore, Port3 Network was established as a decentralized AI data network. The PORT3 token was deployed across blockchains including Ethereum and BNB Smart Chain, where it was designed to serve as a utility asset for query credits and governance participation.
The original token architecture featured a fixed total supply of 1 billion tokens, with institutional backing from firms such as Jump Crypto and KuCoin Ventures. A security audit conducted by CertiK in October 2023 identified multiple findings, including acknowledged critical and major issues, while the core smart contract admin rights were later renounced by the team.
On November 22, 2025, Port3 Network suffered an exploit stemming from a boundary-condition validation flaw in the CATERC20 cross-chain implementation from NEXA Network. Because the renounced ownership state bypassed verification checks, an attacker minted 1 billion unauthorized PORT3 tokens valued at approximately $13 million and sold them on the market. This resulted in an immediate price collapse of approximately 82%. In response, the team coordinated exchange deposit freezes, conducted token burns, and initiated a migration to a replacement contract, leaving the original PORT3 token in a deprecated state with critically low liquidity.