Ethereum

Portal Open: $8.6 Billion Hits in Binance Rewards Stake Ahead of Game Token Airdrop

long-awaited Portal Game Token will do Coming next weekThe pent-up demand includes: vast. Cryptocurrency exchange Binance launched its Launchpool campaign on Thursday, allowing customers to earn PORTAL rewards by staking different cryptocurrencies, and is already breaking records after attracting billions of dollars worth of funds.

Worth over $8.6 billion Binance Coin (BNB) and FDUSD stablecoins have been launched. Staked into Binance’s rewards pool For Portal at the time of this writing. The portal team welcomed this as a record for all Launchpool campaigns in a tweet on Thursday, and a Binance representative confirmed: decryptionGG found the claims to be ‘accurate’ based on the data.

At the time of this writing, approximately $6.16 billion worth of BNB is staked in the pool along with $2.46 billion worth of FDUSD. The campaign runs until February 29th, at which point Binance plans to list: Ethereum– Based on the exchange’s game tokens.

Binance is offering 50 million PORTAL tokens through the pool, equivalent to 5% of the total 1 billion token supply. Portal’s pre-market prices have been falling over the past few days. whale market, the current bid is $0.57 per token, increasing the estimated value of the reward pool to approximately $28.5 million. On Wednesday, the bid was just over $1.

Portal is billed as a cross-chain gaming token and platform designed to provide a single place for users to play and interact with blockchain games across multiple chains.

Projects including: Several team members and advisors connected to SuperDuperStartup of the Creepz NFT project — plans to integrate the following chains: Solana and Ethereum Scaling Network polygon. Jamie King, co-founder of Rockstar Games, is one of the advisors working on the project.

The portal was held. Airdrop Farming Campaign In November and December, cryptocurrency Twitter was flooded with portal content for several weeks, offering cryptocurrency users points for tweets and tweet engagement. The project has not yet revealed details about the actual token airdrop, but has stated that details will be released ahead of the token launch next week.

BNB 21 month high record Above $386 on Thursday amid portal staking craze. Cryptocurrency intelligence firm Arkham reported on Thursday that BNB holders Over $400 million worth of tokens sent. To take advantage of the portal rewards push, go to Binance Pool.

Edited by Ryan Ozawa.

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