Cryptocurrency exchange Binance launched its 47th Launchpool project, Portal (PORTAL), yesterday. In response to this news, the price of BNB continued to rise and broke through $380 this morning.
Background:
TipCoin officially airdropped! Market value exceeds $4.5 million. How to earn more TIP points?
Supplementary background:
Steam’s “Beast Palu” became popular, and Ethereum and Solana introduced meme coins PALW and PAL.
Binance, the cryptocurrency exchange, once again launched its 47th Launchpool project, Portal (PORTAL), yesterday. Users will be able to stake their BNB and FDUSD in the pool. Starting at 8 am on the 22nd, users can stake and earn PORTAL tokens within 7 days.
What is Binance Launchpool project Portal (PORTAL)?
Portal Gaming is a web3 gaming platform, with its core feature being Portal Passport. This feature allows players to easily enjoy a diverse gaming experience with just one click login. In simpler terms, it is the web3 version of the Steam platform. In addition to providing a simplified login experience, Portal also has a centralized in-game asset management system. Players can manage their NFTs through this platform.
One of the highlights of Portal Gaming is its support for cross-chain interoperability. Thanks to the collaboration with the LayerZero interoperability protocol, Portal achieves seamless integration between games on different chains. On the other hand, the protocol’s native token $PortalCoin also integrates the cross-chain protocol Layerzero, becoming a cross-chain gaming token.
According to the team, the project has successfully raised $120 million in funding, and the team members have a background in 3A-level gaming companies. Currently, there are already 100 games signed, and it is expected to bring in 2 million active users to the market.
BNB breaks through $380
Possibly inspired by the Lauchpool news, the price of BNB has been steadily rising since yesterday afternoon and successfully broke through $380 before the deadline, with an increase of over 8% in the past 24 hours. This is a new high since May 2022.
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