Portal Debuts on Binance Launchpool for BNB and FDUSD Farming

Binance Launchpool has added a portal to launch cross-chain games for a new farming event. Users can earn PORTAL tokens by staking BNB and FDUSD for 7 days starting February 22nd. PORTAL will then be ranked on Binance against the major trading pairs.

Portal (PORTAL), a cross-chain gaming platform, launched on Binance Launchpool on February 22. Users will be able to process PORTAL tokens by staking BNB and FDUSD for a period of 7 days.

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 22 at 0:00 UTC to February 28 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 receives 10 million tokens (20% of rewards).

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

List of PORTAL

After the farming is completed, PORTAL will join Binance and open trading against BTC, USDT, BNB, FDUSD and TRY pairs on February 29. The PORTAL ticker will receive the Binance “Seed” label.

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.

Connecting games to Web3

“Portal is a cross-chain gaming platform with a mission to bring more players into Web 3.0,” Binance said in a statement.

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

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

Image source: Shutterstock

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