Binance announces Portal (PORTAL) as the 47th project on Launchpool, a cross-chain gaming platform attracting players to Web 3.0. Users can farm PORTAL tokens by staking BNB and FDUSD for seven days starting Feb. 22, 2024.
Binance, a prominent player in the cryptocurrency exchange arena, has recently unveiled its latest venture on the Launchpool platform.
As per an official post on the exchange’s website, the 47th addition to Binance Launchpool is Portal (PORTAL), a groundbreaking cross-chain gaming platform with a mission to draw more participants into the realms of Web 3.0.
Participants have the opportunity to stake their BNB and FDUSD in distinct pools, engaging in the farming of PORTAL tokens over a seven-day period starting from February 22, 2024. Come February 29, Binance will initiate the listing of PORTAL, with trading options opening up for Bitcoin (BTC), Binance Coin (BNB), Tether (USDT), First Digital USD (FDUSD), and the TRY token.
Following the announcement of this new project, the BNB token witnessed a modest uptick, experiencing a 1.8% increase at the time of this writing. Simultaneously, trading volumes saw a significant surge, climbing by nearly 30% to reach a staggering $1.7 million. It appears that traders are actively acquiring BNB, likely in anticipation of participation in the upcoming Launchpool.
Notably, a prior Binance Launchpool endeavor, Pixels (PIXEL), took the lead as the most traded cryptocurrency introduced on the exchange platform.
On February 19, the platform introduced Pixels on the Ronin blockchain, and the coins quickly gained widespread popularity, surpassing all competitors in terms of trading volume. The gaming community's heightened interest in Pixels stems from the game's unique feature allowing users to generate income by selling farms in the form of Farm Land non-fungible tokens (NFTs).