Portal Debuts on Binance Launchpool for BNB and FDUSD Farming

On Feb 21, 2024

Binance Launchpool has added cross-chain gaming startup Portal for a new farming event. Users can earn PORTAL tokens by staking BNB and FDUSD over 7 days starting February 22nd. PORTAL will then list on Binance against major trading pairs.

Portal (PORTAL), a cross-chain gaming platform, is launching on Binance Launchpool starting February 22nd. Users will be able to farm PORTAL tokens by staking BNB and FDUSD over a 7-day period.

Binance announced Portal as the 47th project on its Launchpool platform. Launchpool allows users to earn new token rewards by staking BNB, BUSD, and other cryptocurrencies.

7-Day Farming

The Portal farming event will run from February 22nd at 0:00 UTC to February 28th at 23:59 UTC. A total of 50 million PORTAL tokens will be distributed as rewards, split between the BNB and FDUSD pools.

The BNB pool will receive 40 million PORTAL (80% of rewards) while the FDUSD pool gets 10 million tokens (20% of rewards).

To participate, users must complete KYC verification and meet eligibility criteria based on their country of residence. Hourly reward caps will apply and be updated in real-time on each pool’s page.

PORTAL Listing

After farming concludes, PORTAL will list on Binance and open trading against BTC, USDT, BNB, FDUSD, and TRY pairs on February 29th. The PORTAL ticker will receive Binance’s “Seed” tag.

Portal boasts a maximum supply of 1 billion PORTAL tokens, of which 167 million will initially be in circulation. The blockchain gaming startup has raised funds from investors such as Polygon Studios, Cultur3 Capital, and Dweb3.

Bridging Gaming to Web3

“Portal is a cross-chain gaming platform with a mission to onboard more players to Web 3.0,” stated Binance in its announcement.

The project aims to be the bridge allowing traditional mobile and PC gamers to access Web3 games while keeping a familiar user experience. Its platform will offer game discovery, profiles, tournaments, and an NFT marketplace.

Portal also provides full-stack game development support including analytics, player insights, marketing tools, and blockchain integrations. The ecosystem uses a dual-token model with its PORTAL governance and utility token plus in-game tokens.

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