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- Binance announced it has introduced Portal (PORTAL) to its Launchpool.
- Users can now stake their BNB and FDUSD into separate pools to farm PORTAL tokens.
- The farming process will last for seven days, after which Binance will list PORTAL for trading.
Binance, one of the top crypto exchange, has introduced Portal (PORTAL) to its Launchpool. In a recent announcement, the blockchain ecosystem informed users that PORTAL is the 47th project it is introducing on its Launchpool.
Introducing @Portalcoin $PORTAL on #Binance Launchpool!Farm PORTAL by staking #BNB and $FDUSD.➡️ https://t.co/45Lcln0E6w pic.twitter.com/AliBbpDek5— Binance (@binance) February 21, 2024
According to the announcement on the Binance website, adding PORTAL to the Launchpool will allow users to stake their BNB and FDUSD into separate pools to farm PORTAL tokens. It is an exercise that will last for seven days once Binance gives the go-ahead.
Consistent with its processes, Binance announced it would list and open trading for PORTAL pairs at the end of the farming period. According to the digital asset exchange, users could trade PORTAL/BTC, PORTAL/USDT, PORTAL/BNB, PORTAL/FDUSD, and PORTAL/TRY trading pairs after listing.
Portal is a cryptocurrency gaming platform designed to support a variety of games and blockchain networks. According to Binance’s description, it is a cross-chain gaming platform with a mission to onboard more players to Web 3.0.
Last December, the blockchain gaming project organized a pre-sale for its native tokens, which the team claimed was successful. It also embarked on several awareness programs, including token airdrops, to introduce the project into the cryptocurrency ecosystem.
Introducing Portalcoin on the Binance Launchpool represents the project’s highest leap towards widespread adoption. It exposes PORTAL to the extensive number of Binance users across the globe, creating an opportunity for potential adoption, like several other projects before it.
However, it is essential to note that the Binance Launchpool is primarily a platform for exposure and introduction into the crypto industry. The project’s authenticity and performance remain a mutually exclusive subject depending on users’ findings while participating in the processes provided by Binance and the core Portalcoin team.
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