• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Monday, June 23, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

Portal (PORTAL) Hits $400M Cap 24 Hours Post-Launch!

Jordan Avery by Jordan Avery
March 3, 2024
in News
Reading Time: 4 mins read
0
portal-project-price-cap 1
Share on TwitterShare on Facebook

Gaming platform Portal has launched its own token. In less than a day, the market value of the asset broke through $500 million. On February 29, the Ethereum-based gaming platform introduced the native token of the project. It has already been listed by the largest cryptocurrency exchange Binance.

 

Portal: Market Indicators 

The currency debuted on Binance at $3.36. In less than 24 hours, the capitalization of the asset reached $500 million. However, since then everything has changed. According to CoinMarketCap, at the time of writing, the coin is trading at $2.22, having dropped by 12.5% ​​over the past 24 hours.

portal-price
Image: CoinMarketCap

Capitalization, meanwhile, fell back to $366 million. The daily trading volume over the last 24 hours fell by 19.81% and is currently estimated at $367 million.

 

Portal Tokenomics 

The emission of the cryptocurrency is 1 billion tokens. There are about 167 million in circulation. Of the total supply, 5% will go to pay rewards for the Binance Launchpool launch platform. In just two days, the project collected $8 billion in the pool, which indicates huge interest from the community. 

The team will allocate assets as follows: 

5% – Binance Launchpool;

23% – to the team and advisors;

23% – to the project treasury;

22% – private investors;

11% – to public investors;

10% – first community incentive;

4% – second community incentive;

2% – liquidity. 

According to rumors, the platform is planning to conduct two token distributions. This is evidenced by two incentives for which the project allocated tokens. However, so far the developers have not provided any accurate information. 

 

What is Portal?

portal-project

Portal is a cross-chain gaming platform whose goal is to unite gamers from different blockchains. Seamless interaction is ensured through a partnership with the LayerZero protocol. The project does not have any major investors yet. It will initially support blockchain games on networks such as Solana, Ethereum and Polygon. 

The team behind the creation of the platform includes developers from the crypto startup SuperDuper. The project is developing a collection of non-fungible tokens (NFTs) such as Creepz NFT. In addition, industry veterans Rockstar Games and Electronic Arts are also working on Portal.

 

Future plans 

On the official page on X (formerly Twitter), the developers wrote that today, March 1, they are launching the staking function. Players will be able to block funds on Portal and receive certain privileges for this. For example, early access to video games that the project is developing. 

Introducing Portal Nodes: GRID

Nodes supercharged. A decentralised cross-chain data network. And your way to power the future of gaming.

Available in $PORTAL. Learn more at https://t.co/fNmrbcB0uy 👀 pic.twitter.com/x7LcWe74LR

— Portal (@Portalcoin) March 1, 2024


It also plans to launch a node system. Users will be able to purchase them to support the network in exchange for incentives. In addition, the team promised to publish a more detailed roadmap during the first month of spring. 

Tags: Blockchain GamesCross-ChainCrypto LaunchGaming PlatformPortal TokenTokenomics
Previous Post

Raydium: How to Increase Your Profits with Yield Farming

Next Post

These 3 Altcoins Could Reach All-Time Highs in March

Related Posts

BTC Defends $100,000 Support Amid Iran Conflict, Is a Major Rally Coming?
Market Analysis

BTC Defends $100,000 Support Amid Iran Conflict, Is a Major Rally Coming?

June 22, 2025
Bitcoin $103K Support Is Shaking, Will the Bears Get Burned
Market Analysis

Bitcoin $103K Support Is Shaking, Will the Bears Get Burned?

June 21, 2025
Featured

Dogecoin Price Faces Breakdown

June 20, 2025
Featured

CZ Warns of Deepfake Scams

June 20, 2025
Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown
News

Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown

June 19, 2025
Solana ETF Incoming? What Bloomberg’s 90% Prediction Means for Investors
News

Solana ETF Incoming? What Bloomberg’s 90% Prediction Means for Investors

June 17, 2025

Press Releases

Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown
News

Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown

by Alex Mercer
June 19, 2025

Introduction Bitcoin has seen plenty of drama over the years, but this time, even with war looming and a cyberattack...

Read more
What you will get:  Simple steps to start trading cryptocurrencies like Bitcoin and Ethereum How to choose a reliable crypto exchange with low fees and strong security Key tips to read crypto price charts and manage trading risks How to stay updated with market-moving news and practice safely before investing Introduction Cryptocurrency trading has exploded in popularity as an easy way to earn online. With simple guidance you can start trading Bitcoin Ethereum and other altcoins using your phone or computer. This guide gives clear steps for beginners. What Is Crypto Trading and How Does It Work Crypto trading is buying and selling digital currencies like Bitcoin Ethereum Cardano or Solana to make a profit. You buy when prices are low and sell when they go higher. There are two main trading types: Spot trading: You own actual coins. Derivatives trading: You trade based on price movements without owning coins. Spot trading is perfect for beginners because it’s more straightforward and less risky. Step 1 Choose a Reliable Crypto Exchange Select a trusted crypto exchange. Popular beginner-friendly options: Binance: Low fees and many altcoins Coinbase: Easy for beginners with strong security Kraken: Great support and euro compatibility Bybit: Simple interface with spot and futures Look for: Easy sign up and verification Strong security (2FA, cold storage) Low trading fees and fast euro or fiat deposits Wide selection of coins and high volume Step 2 Learn Crypto Chart Reading Reading price charts will improve your crypto trading success. Key concepts: Trend lines: Overall up or down movements Support levels: Prices where value tends to bounce up Resistance levels: Prices where value tends to slow or reverse Start with basic charts like candlestick charts. Many platforms like Binance and Kraken offer built-in guides. Step 3 Manage Risk and Use Stop Losses Crypto prices are very volatile and can change fast. Protect your investment by: Investing only what you can afford to lose Using stop-loss orders to sell automatically at a set lower price Not risking more than 1–2% of your portfolio on any trade This risk management helps you stay in the game long term. Step 4 Stay Updated with Real-Time Crypto News Crypto markets respond instantly to news. Use reliable sources like Vr Soldier, CoinDesk, CoinTelegraph and The Block. Track: Bitcoin ETF decisions New coin listings on exchanges Regulatory changes Major partnerships and developments Following crypto news helps you predict good entry and exit points. Step 5 Use Demo Accounts to Practice Many exchanges like Binance and Bybit offer demo accounts or testnets. Practice trading with virtual money first. This helps you learn: How orders work Chart reading in real time Trading fees and order types Once you feel confident, move to small real trades. Final Simple Tips for New Crypto Traders Start with well-known coins like Bitcoin Ethereum Avoid chasing hype or FOMO (Fear Of Missing Out) Keep a basic trading journal or spreadsheet Learn from both wins and losses Crypto Trading Basics for Long Term Profit

Crypto Trading Basics for Long Term Profit

June 16, 2025
$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?

$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?

June 14, 2025
Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

June 6, 2025
Binance Beats SEC—Crypto Cheers the Legal Victory

Binance Beats SEC—Crypto Cheers the Legal Victory

June 2, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier