Binance, the leading global cryptocurrency exchange, is thrilled to unveil the latest addition to its Launchpool platform: Portal (PORTAL). Portal is a cross-chain gaming platform with a bold mission to onboard more players into the realm of Web 3.0. With its upcoming launch, Portal aims to revolutionize the gaming industry by harnessing the power of blockchain technology.
Launch Details
The webpage for Portal is slated to go live in just five hours, setting the stage for the commencement of the Launchpool. Users eagerly anticipating this event will have the opportunity to stake their BNB and FDUSD into separate pools to farm PORTAL tokens over a span of seven days. Farming activities are scheduled to kick off on February 22, 2024, at 00:00 (UTC).
Listing Information
Following the farming period, Binance will officially list PORTAL on February 29, 2024, at 10:00 (UTC). Traders will be able to engage in PORTAL trading with various trading pairs including PORTAL/BTC, PORTAL/USDT, PORTAL/BNB, PORTAL/FDUSD, and PORTAL/TRY. Furthermore, the Seed Tag will be applied to PORTAL, signifying its entry into the Binance ecosystem.
PORTAL Launchpool Details
- Token Name: Portal (PORTAL)
- Max Token Supply: 1,000,000,000 PORTAL
- Launchpool Token Rewards: 50,000,000 PORTAL (5% of max token supply)
- Initial Circulating Supply: 167,134,615 PORTAL (16.71% of max token supply)
- Smart Contract Details: Ethereum
- Staking Terms: KYC required
Staking Pools
The Launchpool offers two supported pools:
1. Stake BNB: Users staking BNB will have the chance to earn a share of the 40,000,000 PORTAL rewards allocated, which accounts for 80% of the total rewards.
2. Stake FDUSD: Participants staking FDUSD can vie for a portion of the 10,000,000 PORTAL rewards, constituting the remaining 20% of the total rewards.
Farming Period
The farming period is scheduled to run from February 22, 2024, at 00:00 (UTC) to February 28, 2024, at 23:59 (UTC). During this period, daily rewards will be distributed as follows:
- Total Daily Rewards: 7,142,857.14 PORTAL
- BNB Pool Daily Rewards: 5,714,285.71 PORTAL
- FDUSD Pool Daily Rewards: 1,428,571.43 PORTAL
Learn More
For more information on Portal (PORTAL), interested parties can refer to the research report available within an hour of this announcement's publication.
Project Links To Avoid Potential Scams
- Website: https://www.portalgaming.com
- Whitepaper: https://portalcoin.xyz/whitepaper
- Twitter: https://twitter.com/Portalcoin
Important Notes
It's important to note several key points for participants:
- Snapshots of user balances and total pool balances will be taken multiple times each hour.
- Users can claim rewards directly to their spot accounts at any time.
- Each pool's APY and total pool balance will be updated in real-time.
- Tokens can only be staked in one pool at a time.
- Unstaked funds can be withdrawn immediately.
- Binance BNB Vault and Locked Products will support the Launchpool, automatically including users who have staked their BNB.
Additionally, please refer to the eligibility criteria based on your country or region of residence before participating in the Launchpool.