Portal

Fresh off the heels of the PIXEL launchpool, Binance is already stirring excitement with a new entrant: the gaming platform Portal, setting its sights on drawing a vast number of gamers into the Web3 realm.

Discover more about the project and launchpool details below.

About Portal

Portal stands out as a cross-chain gaming platform, offering each player a Portal Passport - a unified gaming account that unlocks access to over 200+ games.

Highlighted Games

The games, although situated across various blockchains, are unified under a single ecosystem through the use of LayerZero technology. This innovation ensures that the blockchain on which a game resides becomes irrelevant, as each account is linked to a singular wallet utilizing the native PORTAL token.

Token Utility

PORTAL: The platform's primary token, serving multiple purposes:

• Fee payments
• Primary in-game currency
• Voting power for holders to influence project development
• Staking rewards within games
• Node purchase
• PORTAL mining

Node Installation & Rewards

Validators installing a node and operating it for 24 hours will receive rewards. For those unfamiliar with nodes, a powerful setup or a rented server, along with a certain amount of PORTAL tokens (exact amount undisclosed), will be required. Currently, applications for node setup are open through a form submission.

Tokenomics

• Total Tokens: 1,000,000,000 $PORTAL
• Initial Offering: 167,134,615 $PORTAL (16.71%)

Token Distribution

Unlock Schedule:

Investors & Partners

Portal boasts five individual investors, including co-founders of 9GAG and Parallel.life, though the investment sum remains undisclosed. Rumors also suggest potential investments from LayerZero Labs.

Partners include cross-chain infrastructure LayerZero and gaming platform Immutable X, with development support from Rockstar Gaming's co-founder (GTA) and the business development director of EA Games.

Launchpool Details

The PORTAL farming on the launchpool kicks off on February 22 at 03:00 MSK and runs until February 29 at 03:00 MSK.

Staking BNB or FDUSD on this page rewards you with PORTAL tokens, with 5% of all tokens allocated to the launchpool:

• 80% to the BNB pool
• 20% to the FDUSD pool

The token will be listed on the exchange on February 29 at 13:00 MSK.

If this is your first time using a launchpool or you need clarification, our guide is here to help.

Conclusion

While the investor pool might not inspire confidence, the partnerships with major entities like LayerZero and Immutable X are significant positives, not to mention the collaboration with 200+ games.

However, the token unlock schedule indicates that the circulating supply will increase from 16% to 95% over two years, making long-term investment a questionable venture.