• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Monday, June 2, 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

Binance Beats SEC—Crypto Cheers the Legal Victory
News

Binance Beats SEC—Crypto Cheers the Legal Victory

June 2, 2025
Cardano Tanks 50% From Highs—Hope or Hype Ahead
News

Cardano Tanks 50% From Highs—Hope or Hype Ahead

June 1, 2025
Solana Price Prediction:Is the $200 Dream Dead
News

Solana Price Prediction:Is the $200 Dream Dead?

May 31, 2025
Featured

Netflix Casts Leads for FTX Drama

May 30, 2025
Featured

Trump’s Meme Coin Dinner Under Investigation

May 29, 2025
Altseason Is Here—But Only for a Few Minutes
News

Altseason Is Here—But Only for a Few Minutes

May 28, 2025

Press Releases

Binance Beats SEC—Crypto Cheers the Legal Victory
News

Binance Beats SEC—Crypto Cheers the Legal Victory

by Alex Mercer
June 2, 2025

Introduction From courtroom drama to crypto karma, Binance is having a moment. The SEC has officially pulled the plug on...

Read more
Bitcoin Gains Ground as Job Market Wobbles—Digital Gold to the Rescue?

Bitcoin Gains Ground as Job Market Wobbles—Digital Gold to the Rescue?

May 25, 2025
Altcoin Season Is Loading—But First, Let Bitcoin Do Its Thing

Altcoin Season Is Loading—But First, Let Bitcoin Do Its Thing

May 23, 2025
Dogecoin’s Ready to Bark Again—Could $0.30 Be the Next Fetch?

Dogecoin Ready to Bark Again—Could $0.30 Be Next

May 20, 2025
Ethereum Climbs While PEPE Reloads—Who's About to Explode

Ethereum Climbs While PEPE Reloads—Who’s About to Explode?

May 18, 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