Binance Launches Portal’s Cross-Chain Gaming Token

On the last day of February, the long-awaited PORTAL token was finally launched on Binance. Listing this coin on one of the biggest exchanges in the world is a significant move by the crypto gaming platform Portal. Crypto traders and Portal users are eager to see how this new token performs in the tough and volatile market.

The Promising Launch of PORTAL

Understanding the PORTAL’s tokenomics paints a clearer picture of what this token listing represents for traders and the crypto markets. The maximum supply of PORTAL at the moment is 1 billion tokens, with support in value growth over time.

From this, 5% of the max supply, or 50 million PORTAL tokens, will actually be Launchpool rewards. This approach not only prompts involvement in the Launchpool but also assists in distributing the coins to more traders.

The PORTAL’s debut price started out at $2.5 per token. Its value slowly began to go up and down, but nothing too extreme for now.

We should point out that the initial circulating supply of PORTAL tokens on Binance at the time of its listing was 167,134,615. This is actually 16.71% of its maximum supply.

A low initial supply against the maximum indicates a good strategy for a market debut and value in the long term. Investors should know that the price of PORTAL could rise with demand. This is due to its limited launch supply.

The reason that Binance allowed the listing of PORTAL on its Launchpool shows confidence in its potential as a valuable crypto addition. Portal’s strategic tokenomics target an increase in its value over time with a limited supply and a pre-arranged supply.

It seems like the debut price is promising for early traders as it can lead them to remarkable returns. This is of course true if the project develops and expands in the future.

By joining one of the biggest crypto exchanges in the industry, Portal aims to reach out to billions of gamers. It plans on doing that by seamlessly integrating a variety of gaming experiences all over the blockchains.

The launch of PORTAL also comes with several notable features. One of them is the staking options for accessing NFTs and tokens. Next, we have ‘Crystal Dash’, its SocialFi game, which offers enhanced rewards. Lastly, there are the decentralized nodes and the upcoming fully-fledged roadmap.

The Rise of Portal

Portal gained its massive reputation mostly from its highly popular game ‘Crystal Dash’. This game generates a staggering 2.5 billion Twitter impressions in December 2023 alone. It even managed to surpass famous global brands such as the NFL.

Another great move that significantly helped Portal to rise even further is the addition of Jamie King. The company added him to its advisory team in the same month as the Twitter saga. It’s worth mentioning, that the King is the creator of Grand Theft Auto and the co-founder of Rockstar Games.

The company’s strategic collaborations with leading brands in gaming, entertainment, eSports, and blockchain further solidified its position in the industry. Here, we mean blockchains like WME, LayerZero Labs, and M80, as well as Web3 gaming projects such as Oxya Origin and Space Nation.