Binance plans to roll out support for a new cross-chain crypto gaming project through its Launchpool platform.
The best global crypto exchange say the 47th Binance Launchpool project will be Portal (PORTAL), a project that aims to unite games from different blockchains on its cross-chain token platform.
Launchpool allows users to stake coins to acquire new assets.
Starting Wednesday, Binance users will have seven days to stake BNB and the stablecoin First Digital USD (FDUSD) in separate pools to obtain PORTAL tokens. The exchange will then list PORTAL for trading on February 29 and apply a start tag to the asset.
Binance applies seed tags to lower liquidity tokens that have greater volatility potential, and users who own tagged assets must take quizzes every 90 days to ensure they are aware of their inherent risks.
Portal has partnered with LayerZero, an omnichain interoperability protocol, to “enable a seamless multi-chain experience for gamers.”
explains the project,
“Portal’s technology provides gamer access and game distribution for a wide range of titles, paving the way for a smooth transition for Web2 gamers into the Web3 universe.”
The PORTAL token will be used for network fees, payments, governance, staking and node purchases, according to the project schedule. white paper.
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