Binance, one of the world's leading cryptocurrency exchanges, has recently announced the 47th project on its Launchpool platform: Portal (PORTAL). This cross-chain gaming platform aims to onboard more players to the Web 3.0 ecosystem, and its native PORTAL token will be available for farming through Binance Launchpool.
About Portal (PORTAL)
Portal is a gaming-focused project that seeks to bridge the gap between traditional gaming and the Web 3.0 space. It aims to facilitate the transition of gamers and game developers into the world of blockchain, NFTs, and decentralized gaming. The project's native token, PORTAL, will serve various purposes within the ecosystem, such as in-game transactions, governance, and staking.
Portal Launchpool Details
The Portal Launchpool on Binance features the following details:
Token Name: Portal (PORTAL)
Max Token Supply: 1,000,000,000 PORTAL
Launchpool Token Rewards: 50,000,000 PORTAL (5% of max token supply)
Initial Circulating Supply: 167,134,615 PORTAL (16.71% of max token supply)
Smart Contract Details: Ethereum
Staking Terms: KYC required
Supported Pools: Stake BNB and FDUSD
Farming Period: February 22, 2024, at 00:00 (UTC) to February 28, 2024, at 23:59 (UTC)
How to Stake BNB and FDUSD to Farm PORTAL Tokens
To participate in the Portal Launchpool and earn PORTAL tokens, follow these steps:
1. Log in to your Binance account and complete the KYC process if you haven't already.
2. Navigate to the Binance Launchpool page and locate the Portal (PORTAL) project.
3. Choose the pool you want to participate in: BNB or FDUSD.
4. Enter the amount of BNB or FDUSD you want to stake and confirm the transaction.
5. Your staked assets will start earning PORTAL token rewards based on the pool's terms and hourly hard cap.
6. To claim your PORTAL rewards, visit the Launchpool page and click on "Claim Rewards."
7. Once the farming period ends, you can unstake your BNB or FDUSD by clicking "Unstake."
It's important to note that participating in Launchpool events and staking cryptocurrencies come with risks, and the value of your staked assets may fluctuate during the farming period. Always do your own research and carefully assess the risks involved before deciding to participate. As always, exercise caution, and ensure you understand the risks associated with cryptocurrency staking and Launchpool events.
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