Binance plans to roll out support for new cross-chain crypto gaming projects through its Launch Pool platform.
The world's top cryptocurrency exchange says its 47th Binance Launchpool project will be Portal (PORTAL), a project aimed at integrating games from different blockchains on a cross-chain token platform.
Launchpool allows users to stake coins and farm new assets.
Starting Wednesday, Binance users will have seven days to stake BNB and stablecoin First Digital USD (FDUSD) in separate pools to farm PORTAL tokens. The exchange then applied a seed tag to the asset, which he listed on his PORTAL for trading on February 29th.
Binance applies seed tags to volatile and illiquid tokens, and users who own tagged assets must pass a quiz every 90 days to ensure they are aware of the inherent risks. There is a need.
Portal has partnered with omnichain interoperability protocol LayerZero to “enable a seamless multi-chain experience for gamers.”
Explaining the project,
“Portal's technology provides gamers with access to a huge number of titles and game distribution, paving the way for a smooth transition for Web2 gamers to the Web3 universe.”
According to the project regulations, PORTAL tokens will be used for network fees, payments, governance, staking, and node purchases. white paper.
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