Binance Launchpool: Earn Portal (PORTAL) Tokens by Staking BNB or FDUSD

Leading cryptocurrency exchange Binance has announced Portal as the next project that will be featured on the Binance Launchpool staking platform.

Between February 22 at 00:00 UTC and February 28 at 23:59 UTC, users will be able to earn Portal (PORTAL) tokens on Binance simply by staking BNB or FDUSD. The staked coins can be withdrawn at any time, and you’ll be able to keep your PORTAL token rewards even if you withdraw before the farming period concludes.

Earn PORTAL Tokens on Binance

Binance plans to distribute 5% of the total PORTAL token supply to users on Launchpool. This translates to 50 million PORTAL tokens out of a total supply of 1 billion tokens.

80% of these rewards will be distributed to BNB stakers, while the FDUSD pool will receive 20% of the rewards. However, this doesn’t necessarily mean that you will earn more PORTAL if you stake BNB rather than FDUSD. It all depends on how big the size of your stake is relative to the size of the staking pool you’ve selected. 

Introducing @Portalcoin $PORTAL on #Binance Launchpool!

Farm PORTAL by staking #BNB and $FDUSD.

➡️ https://t.co/45Lcln0E6w pic.twitter.com/AliBbpDek5

— Binance (@binance) February 21, 2024

In addition to featuring Portal on its Launchpool platform, the Binance exchange will also be listing the PORTAL token for trading. Trading will go live on February 29 at 10:00 UTC, and PORTAL will be available in trading pairs against BTC, USDT, BNB, FDUSD, and TRY.

It is worth noting that Binance will be listing PORTAL with the “Seed Tag”, which is used to label crypto projects that are still very early in their development. Cryptocurrencies with this tag were previously known in the “Innovation Zone”. The purpose of the Seed Tag is to let users know that the cryptocurrency might be more volatile and risky compared to most other cryptos listed on the exchange.

What is Portal (PORTAL)?

Portal is a gaming platform with support for multiple blockchains that aims to onboard new players to the web3 gaming ecosystem. It aims to provide a smooth user experience and remove the complexities that are currently holding back the adoption of blockchain-powered games.

The Portal platform has announced integrations with several leading blockchain platforms, including the likes of Solana, Polygon, Avalanche and Klaytn.

Portal will provide a discovery platform, which will allow players to easily find and play all of the most exciting web3 games. According to the Portal team, more than 200 games are ready to integrate with Portal once the platform launches. Portal will also have its own Launchpad platform, where web3 gaming projects will be able to offer their tokens to PORTAL token holders. 

The Portal platform is powered by a token of the same name, which the team describes as a universal gaming coin. As such, it serves a plethora of utilities. This includes payments for in-game items, governance, staking and other use cases. The PORTAL token can also be used to purchase Portal nodes, which power the core infrastructure of Portal while earning token rewards in return.

The PORTAL token will initially launch on the Ethereum mainnet, although it will be expanded to other blockchains later down the line.

How to earn PORTAL tokens on Binance Launchpool?

If you want to earn PORTAL tokens, the first thing you’ll need is a Binance account.

Create Binance Account

Please keep in mind that only users who complete an identity verification process with Binance are eligible to participate in Portal token farming on Binance Launchpool.

Once your account is ready, you’ll need some BNB or FDUSD tokens to stake. If you already own these tokens, you can deposit some to your Binance account. Otherwise, Binance offers plenty of ways of buying these tokens with either crypto or fiat. 

After your account is verified and loaded up with some BNB or FDUSD, head over to the menu on the top side of the Binance interface and select “More”. Then, go to “Launchpad & Launchpool”.

Then, find the available Portal farming pools. Depending on which tokens you want to stake, select BNB Pool or the FDUSD Pool. Next, follow the instructions provided by the exchange.

As a final note, here’s a quick breakdown of key dates and information about the Portal Launchpool campaign: