The 47th Binance Launchpool: Portal (PORTAL)
The world’s largest cryptocurrency exchange by trading volume, Binance, has introduced its latest altcoin project called Portal (PORTAL). This project is an interchain gaming platform aimed at bringing more players into the Web3 world, and it’s now available on Binance Launchpool.
Details of the 47th Binance Launchpool: Portal (PORTAL)
Binance is set to launch its 47th Launchpool event with the Portal webpage, which will be unveiled in five hours. Users will have the opportunity to stake their BNB and FDUSD in separate pools to farm PORTAL tokens during a seven-day period starting at 03:00 AM local time on February 22, 2024.
- Staking available in both BNB and FDUSD pools
- Fixed hourly limit per user
- BNB pool allows farming up to 23,809 PORTAL tokens per hour
- FDUSD pool allows farming up to 5,952 PORTAL tokens per hour
- 80% of rewards allocated to the BNB pool, and 20% to the FDUSD pool
The maximum supply of the PORTAL token is capped at 1 billion, with 50 million tokens to be distributed through Binance Launchpool, representing 5% of the maximum token supply. The initial circulating supply will be 167.13 million PORTAL, accounting for 16.71% of the maximum token supply, released initially.
The farming period for PORTAL will start at 03:00 AM local time on February 22, 2024, and end at 02:59 AM local time on February 29, 2024.
PORTAL to be Listed on Binance After Farming Period
Following the completion of the farming period, Binance will list PORTAL on February 29, 2024, at 01:00 PM local time. This will make it available for trading in the PORTAL/BTC, PORTAL/USDT, PORTAL/BNB, PORTAL/FDUSD, and PORTAL/TRY trading pairs.
Portal’s Smart Contract Details
A look at Portal’s smart contract details reveals that the token operates on the Ethereum Blockchain. It is compatible with other Ethereum-based projects and offers interoperability.
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