Live on X Layer testnet

Back cutting-edge AI innovation, as an early VC with protective terms.

In an era where AI is reshaping everything, every startup needs the room to experiment. Portex is the first escrow-backed on-chain incubation protocol: funds remain fully protected until genuine external demand is proven. If a project does not graduate from incubation, backers can reclaim 100% of their principal with zero loss; only when a project truly breaks out does it enter the open market.

Explore projectsLaunch a project

Cost exits end when the open market begins; on Budget Launches, a voted budget can reduce principal. Without external demand, there is no loss and no profit, subject to that budget boundary.

Diamond Hand is an allocation mechanism: a defined token allocation and fee revenue are distributed according to eligibility. Amounts depend on activity; returns are never promised.

Protected in escrow ?
Live raises ?
Graduated ?
Backers ?

  1. Protected until demand is proven.

    Funds stay in on-chain escrow through Stage 1 and Stage 2. Until genuine external demand arrives, backers may reclaim 100% of their principal at any time, with zero fees, or move it into another project in one transaction.

  2. Founders on the same terms as you.

    No free tokens. Founders buy in along the same gentle curve and vest for three years after listing. The last backer pays at most 1.5× the first.

  3. Spending only by vote.

    All fees go to a treasury that pays out only through proposals and votes: by contributed capital before listing, by token holders after. In an Escrow Launch the team never touches the raise.

  4. Rewards for those who stay.

    30% of supply, plus fee revenue, streams daily for three years to wallets that never moved their tokens.

Projects

Escrow Launch

ESCROW

The team never touches the raise. It is funded by treasury budgets that pass a vote, from trading fees and a 10% token allocation, and by its own revenue.

Cost exits end when the open market begins. The team cannot spend the raise.

Budget Launch

BUDGET

Budgets may draw on the raise by backers' vote, within a cap disclosed before deposit. After listing, voted treasury budgets and the project's own revenue fund the team.

Cost exits end when the open market begins. A voted budget can reduce principal.

How a launch unfolds

Every launch follows the same three stages. Cost exits end when the open market begins.

  1. Stage 1

    Incubation

    15–60 days · exit at cost any time

    Back the project. Your deposit sits in escrow and can be withdrawn at cost at any time.

    Valuation target reached · at least 15 days · enough backers · no veto

    Not graduated by the deadline, or dissolved by the team after 15 days · full principal returned

  2. Stage 2

    Series A buffer

    5–10 weeks · price converges to Uniswap

    A dampened-curve pool is open. Outside buyers set the price, which converges to the Uniswap price by the end of the stage. Backers can still exit at cost.

    Buffer period ends (5–10 weeks) · lists on Uniswap

  3. Stage 3

    Open market

    Listed on Uniswap · open-market risk

    Listed on Uniswap. Ordinary market risk from here.

Move between projects in one transaction

Positions in projects that have not listed, and dissolution claims, move straight into another project's Stage 1. No withdrawal in between, one transaction, one fee.