Portal, a pioneering cross-chain gaming platform, is creating a revolution in the Web3 gaming world with its seamless and user-friendly approach. In this article, you can find answers to many questions such as what is Portal, announced as Binance‘s 47th Launchpool and set to be listed on February 29, and where to buy the network’s native asset, the PORTAL coin.
What is Portal?
Portal offers mainstream players access to a broad Web3 gaming network through a single account layer, eliminating the need for bridging, swapping, or purchasing additional tokens to play. This frictionless experience aims to democratize access to Web3 games and initiate a new era of inclusivity and convenience for players worldwide.
At the heart of the Portal ecosystem lies the PORTAL coin, the network’s native asset and universal gaming token. The PORTAL coin serves multiple purposes within the platform, including facilitating in-game transactions, acting as a cross-chain transaction fee payment token, enabling staking for access to tokens and NFTs, supporting the purchase of Portal nodes for network validation, and contributing to network consensus through staking.
Portal’s core products encompass a set of fundamental features designed to enhance the gaming experience and facilitate transactions. These include the Cross-Chain Coin using LayerZero’s messaging protocol for cross-chain communication, the Discovery platform for rich content game discovery, the Game Wallet for secure and seamless account creation, the Node Network for network validation, the Stake-To-Access mechanism to access upcoming drops on Portal Launchpad, and the Portal Launchpad itself for exploring and participating in NFT and game token launches.
As of February 21, 2024, Portal has successfully raised $29 million through private and public sales, selling 33% of the token supply to support platform and ecosystem growth. The $29 million investment has enabled Portal to advance its mission of integrating the first billion players into Web3 and establishing itself as a liquidity hub for Web3 games. The maximum token supply of PORTAL coin is 1 billion, and the circulating supply will be approximately 16.71% of the maximum token supply following the upcoming Binance listing.
Portal’s project mission is based on democratizing access to Web3 games and solving distribution challenges for game developers. With a hyper-interactive community of 500,000 members across various social channels and platform pre-registrations, Portal is well-positioned to achieve its goals. Supported by experienced advisors and contributors, including industry veterans like Jamie King (Co-Founder of Rockstar Games) and Matt Dixon (Global Platform Director at EA Games), Portal is poised to shape the future of gaming in the Web3 era.
Where to Buy PORTAL Coin?
PORTAL coin, with its transaction volume, will be securely bought and sold from Binance, the world’s largest cryptocurrency exchange. PORTAL coin will be listed on Binance on February 29, 2024, and will be available for trading in PORTAL/BTC, PORTAL/USDT, PORTAL/BNB, PORTAL/FDUSD, and PORTAL/TRY trading pairs.
To purchase PORTAL coin, one must first register with the Binance exchange if not already a member. After completing the registration process, cryptocurrency or fiat money such as Turkish Lira should be transferred to the account wallet on Binance. Once the transfer is complete, PORTAL coin can be purchased from the above six trading pairs.
To buy from the PORTAL/USDT trading pair, one must first go to the interface of this trading pair. In the limit tab of the trading pair interface, the desired amount to be purchased is entered. Once the amount is entered, the purchase is completed with the Buy PORTAL order.
