Portal, the cross-chain platform that aims to unite games and gamers from various blockchain networks, becomes the 47th project launching on the Binance Launchpool this week.
Users can earn the platform's token, $PORTAL, by staking in the supported pools. The farming period started a little over 10 hours ago and will run for 7 days (ends on the 28th of February at 23:59 UTC).
The total reward allocated is 50 million $PORTAL which accounts for 5% of the maximum token supply. As usual, only KYC-verified users can participate and earn the token.¹
The token will then be listed on the exchange for trading on the 29th of February, 10:00 UTC with PORTAL/BTC; PORTAL/USDT; PORTAL/BNB; PORTAL/FDUSD and PORTAL/TRY.
Staking Pools
▶️BNB Pool
- 40 million PORTAL or 80% of the total reward is allotted for those who stake BNB or have BNB holdings in locked products and on BNB Vault.
- Rewards are claimable at any time, and any unclaimed rewards will be credited to the user's Spot Wallet at the end of the farming period. The maximum hourly reward per user is capped at 23.8k PORTAL
- 16.2 million BNB are currently staked in this pool at this time of writing.
- 20 million PORTAL or 20% of the total reward is allocated (1.428 million PORTAL daily)
- Maximum reward per user is capped at 5.9k PORTAL per hour.
- At the time, there are already 2.2 billion FDUSD staked on this pool.
PORTAL Tokenomics²
- Ticker: PORTAL
- Token Type: ERC-20
- Smart Contract: Ethereum
- Total Maximum Supply: 1 billion PORTAL
- Initial Circulating Supply: 167,134,615 PORTAL or 16.71% of the maximum token supply will be available upon listing on Binance
↪️Distribution
The total supply of $PORTAL will be minted at genesis and vest to the
community treasury periodically over time.³
- Binance Launchpool: 50 million (5% of the total token supply)
- Team & Advisors: 23 million (23% of the total token supply)
- Treasury: 23 million (23% of the TTS)
- Private Sale Investors: 22 million (22% of the TTS)
- Public Sale Investors: 11 million (11%)
- Community Incentives 1 - 10 million (10)
- Community Incentives 2 - 4 million (4%)
- Liquidity Reserve: 2 million (2%)
↪️Utility
According to the project's Whitepaper, PORTAL is the native utility token of the Portal platform and it is vital in its ecosystem. It is to be used as transaction fees, node validation services, node purchases, governance, staking, exclusive purchases and access to partner networks, and platform payments (needed in Portal's marketplaces like MagicEden to buy or sell game assets.⁴
But wait, what exactly is Portal Platform?
Accordingly, it is a platform that offers a single or unified access point for players of any Web3 games and game-related transactions.⁵
Portal aims to provide a seamless, social, and secure Web3 gaming experience.⁶
From what I understand, it will serve as a one-stop login solution for any games on any chain. It will showcase different games on its platform and players can log in to it to discover and play.
It is indicated both on the site and on its Whitepaper that there are over 200 games in the Portal library.
Portal has partnered with Solana, Avalanche, Kalyton, Base, and Polygon. It will be releasing the Portal Wallet with Web 2 authentication, SDK Marketplace, and others in the next quarter. For further information and the project's roadmap, check them here.
For infotainment only. DYOR.
Sources: Portal / Whitepaper / Binance
Lead image created on Canva. Image from Portal. Screenshots linked to source. No copyright infringement intended 22022024/21:00ph
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Thanks.
This time I am faster than you and I already joined the lunchpool. For that, I made my stablecoins into BNB to get maximum profit. Hehe. Feeling proud to be faster than you this time😅. !LOL
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Haha, that's good! Congratulations! I staked mine yesterday evening even before the farming started because I knew we were going out today. 😅
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these days Binance is bringing projects on launchpool one after another and I have participated in Portal. Pixel was also a good one
@sagarkothari88 vote
Yes, it's not like before when there were weeks and even months gaps before another project was launched. Now, they come often and the farming periods are shorter too. Let's hope PORTAL will bring us more profits like PIXEL did.
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that is a lot of reward for people to grab. best of luck
Yeah. And with many people participating, those who have larger funds get the most chunk 😅 Thank you !LADY
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This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating to @indiaunited. We share more than 100 % of the curation rewards with the delegators in the form of IUC tokens. HP delegators and IUC token holders also get upto 20% additional vote weight.
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100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.
Thank you lots!
So you have to have Portal before you can earn portal? The applications don't actully reward you anything like hive does?
It appears so. It would be nice if users could earn the token by using its platform to access or discover games. Unfortunately, that isn't the case.
Thanks for letting us know about $Portal
It is really helpful
You're welcome. Good luck !LADY
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You are always up to date with these projects 🥰. I tried phantom wallet you shared sometimes ago. Maybe I should look into this too.
Haha yeah. I'm always looking forward to new farming opportunities and this came. Good luck to you on your exploration :)
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That is really an amazing opportunity to learn about this project actually
Yeah. I've just learned about it a few days back.
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Thanks for sharing the detail about $Portal. Its really helpful.
You're welcome. Good luck :-)
#hive #posh
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This is the difficult part for me.
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