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A significant development occurred today for the PORTAL token, which was initiated as the 47th Launchpool event by Binance on February 22. The project announced that it has sent the tokens to cryptocurrency exchanges. This indicates that everything is ready for the token’s listing process. Let’s look at the details.
Portal Coin Sent to Exchanges
Binance’s recent Launchpool project, the Portal (PORTAL) coin, will start trading today at 13:00 Turkey time. This trading is expected to increase activity in the cryptocurrency market. The trade, starting at 13:00, is creating excitement among investors.
An important detail regarding the project’s launch was the distribution of a total of 20 million PORTAL tokens to market makers for exchanges. This step was taken to increase liquidity and ensure more stable trading. The distribution of these tokens was carried out before the project started, with 10.34 million PORTAL sent to exchanges.
How Were the Distribution Figures Shaped?
With transfers made through the market maker address, liquidity was distributed to various cryptocurrency exchanges. This allows the project to be accessible on different platforms. Liquidity distribution on major exchanges such as Binance, KuCoin, Bybit, gate.io, and Bitget is noteworthy.
The distribution figures are as follows:
- 6.17 million Portal sent to Binance.
- 2.067 million Portal sent to KuCoin.
- 2.067 million Portal sent to Bybit.
- 20,000 Portal sent to gate.io.
- 16,000 Portal sent to Bitget.
Especially Binance receiving the largest share of liquidity with 6.17 million PORTAL could be interpreted as an indication of the project’s popular acceptance. This reflects the interest and trust of investors in the project through Binance.
Accessibility to the Project Increases
Platforms such as KuCoin, Bybit, Gate.io, and Bitget contributing to liquidity also increases the project’s accessibility through various cryptocurrency exchanges. This caters to the different preferences and habits of investors.
However, there may be concerns about whether there is any unfairness or imbalance in the distribution of liquidity. In particular, the imbalance in liquidity distribution among different exchanges could affect the fairness and efficiency of trading.
The commencement of trading for Binance’s Launchpool project Portal (PORTAL) is generating excitement in the cryptocurrency market. The project stands out with tokens provided to market makers and liquidity distributed across different exchanges.
