Portal Launching on Binance with Token Listing
Portal, a cross-chain crypto gaming platform, is set to launch on February 29, and its token will be listed on Binance at 10am UTC. The launch will be preceded by a Launchpool campaign starting on February 22, offering token staking rewards ahead of the listing.
According to Binance, the circulating supply of the PORTAL token at debut will be 167,134,615, representing approximately 16.7% of the total supply. Please note that the Launchpool campaign is not available to users in certain countries including the United States, Canada, Australia, Japan, and more.
Customers who stake Binance Coin (BNB) or the FDUSD stablecoin into PORTAL liquidity pools on Binance can earn a share of the 50 million token rewards pool, equivalent to 5% of the total supply of 1 billion Ethereum-based tokens.
Details about the airdrop distribution after a farming campaign that occurred in November and December last year have not been announced by Portal.
In pre-market trading on Whales Market, PORTAL token bids are at $1.02, valuing the Binance rewards pool at just over $50 million.
Portal aims to unify different ecosystems, providing a single space for users to play, discover, and transact across popular blockchain games. The project, backed by the Hollywood agency WME, attracted significant investor attention, raising nearly $10 million in a presale last December within just 15 minutes.
The Portal campaign follows Binance’s successful Launchpool push for PIXEL, the Ethereum token of the Ronin network game Pixels. PIXEL was listed and generated over a billion dollars’ worth of trading volume in less than a day, ranking it among the top 10 most-traded cryptocurrencies globally on that day according to CoinMarketCap data.
Analyst comment
Positive news: Portal, a cross-chain crypto gaming platform, is set to launch and its token will be listed on Binance. The Launchpool campaign offers token staking rewards, and Portal aims to bridge ecosystems and attract users. Investors have already shown interest, raising $10 million in a presale.
Market analysis: With a successful Launchpool push for PIXEL, there are high expectations for the Portal campaign. The availability of token staking rewards and the listing on Binance will likely attract attention and generate trading volume, potentially driving up the value of the PORTAL token.
