Binance, the leading global crypto exchange, has announced its support for a new cross-chain crypto gaming project called Portal (PORTAL) through its Launchpool platform.
Launchpool and PORTAL
Launchpool is a platform that allows users to stake coins to farm new assets. Starting on Wednesday, Binance users will have seven days to stake BNB and the stablecoin First Digital USD (FDUSD) in separate pools to farm PORTAL tokens.
Portal is a project that aims to unite games from different blockchains on its cross-chain token platform. The PORTAL token will be used for network fees, payments, governance, staking, and node purchases.
Partnership with LayerZero
Portal has partnered with LayerZero, an omnichain interoperability protocol, to enable a seamless multi-chain experience for gamers. This technology will allow Portal to deliver gamer access and game distribution for a vast array of titles, paving the way for a smooth transition for Web2 gamers into the Web3 universe.
PORTAL Token Listing
Binance will list PORTAL for trading on February 29th and apply a seed tag to the asset. Seed tags are applied to lower-liquidity tokens that have more volatility potential, and users who own assets with tags are required to pass quizzes every 90 days to ensure they’re aware of their inherent risks.
Disclaimer
Opinions expressed at FastPayCrypto are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets.
