TL;DR
- Binance Launchpool introduces Portal (PORTAL): a cross-chain gaming platform that seeks to revolutionize Web 3.0.
- Users can farm PORTAL tokens by staking their BNB and FDUSD for seven days starting February 22, 2024.
- Once the farming period is complete, PORTAL will be listed on Binance for trading with several pairs available.
Binance has announced the launch of an exciting project on its Launchpool platform: Portal (PORTAL), an initiative that seeks to revolutionize the world of online gaming by incorporating more players into Web 3.0.
This project offers users the opportunity to farm PORTAL tokens through staking BNB and FDUSD.
Introducing @Portalcoin $PORTAL on #Binance Launchpool!
Farm PORTAL by staking #BNB and $FDUSD.
➡️ https://t.co/45Lcln0E6w pic.twitter.com/AliBbpDek5
— Binance (@binance) February 21, 2024
Portal aims to be a cross-blockchain gaming platform that leverages emerging technologies to deliver innovative gaming experiences.
Its native token, PORTAL, will play a critical role in the ecosystem, serving as a means of incentives, transactions and participation in the gaming community.
The PORTAL farming process on Binance Launchpool will begin on February 22, 2024 and will last for seven days.
During this period, users will be able to stake their BNB and FDUSD to farm PORTAL tokens as rewards.
Rewards will be distributed daily, with a total of 50,000,000 PORTAL tokens available as Launchpool rewards, representing 5% of the maximum supply.
Once the farming period is over, PORTAL will be listed on Binance for trading
Users will be able to trade PORTAL with various trading pairs, including PORTAL/BTC, PORTAL/USDT, PORTAL/BNB, PORTAL/FDUSD and PORTAL/TRY.
Importantly, BNB and FDUSD staking will require KYC to participate.
Users will be able to accumulate and claim their rewards every hour, and unclaimed tokens will be automatically transferred at the end of the farming period.
Additionally, Binance has implemented measures to ensure fair distribution of rewards.
Snapshots of user and pool balances will be taken several times per hour to accurately calculate rewards.
Users will also be able to participate in the Launchpool through the Binance BNB Vault and Locked Products, automatically receiving new token rewards.
However, it is important to note that participation in the Launchpool is subject to eligibility based on the user’s country or region of residence.
Some countries will not be able to participate in PORTAL farming due to legal or regulatory restrictions.
The Portal (PORTAL) project on Binance Launchpool offers users an exciting opportunity to get involved in the world of online gaming while farming tokens and contributing to the growth of an innovative platform.
