Cryptocurrency exchange Binance launched its 47th Launchpool project, Portal (PORTAL), today (21). As a result of this news, the price of BNB increased by a slight 3.14% to $362 on the same day.
Background:
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On this day (21), Binance once again introduced its 47th Launchpool project, Portal (PORTAL), allowing users to stake their BNB and FDUSD in the pool. Starting at 6 am Taiwan time, users can begin staking and earning PORTAL tokens within 7 days.
What is Binance Launchpool’s 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 simple 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. Through this platform, players can manage their NFTs.
One of the highlights of Portal Gaming is its support for cross-chain interoperability, thanks to its 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 backgrounds in 3A-grade game companies. Currently, there are already 100 signed games, and it is expected to bring 2 million active users to the market.
BNB slightly increased to $362
As a result of the Lauchpool news, the price of BNB increased by a slight 3.14% to $362 on this day (21), showing strong momentum and breaking a new high within a year. The consecutive staking and mining projects in recent times have also made the community admire the benefits brought by BNB.
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