Binance Unveils Backing for Innovative Cross-Chain Crypto Gaming Venture via Launchpool
Binance is set to introduce support for a novel cross-chain crypto gaming initiative via its Launchpool platform.
As the 47th project on Binance Launchpool, Portal (PORTAL) aims to integrate games from diverse blockchains on its cross-chain token platform. Launchpool enables users to stake coins for farming new assets. Commencing Wednesday. Binance users will have a week to stake BNB and the stablecoin First Digital USD (FDUSD) separately in pools to earn PORTAL tokens. The exchange will then list PORTAL for trading on February 29th and apply a seed tag to the asset. Which signifies lower-liquidity tokens with higher volatility potential. Holders of tagged assets are required to pass quizzes every 90 days to acknowledge inherent risks. Portal has forged a partnership with LayerZero, an omnichain interoperability protocol. To facilitate a seamless multi-chain experience for gamers.
According to the project, Portal’s technology aims to provide gamers with access. To a wide range of titles and streamline the transition from Web2 to Web3 gaming. The PORTAL token will serve various purposes including network fees, payments, governance, staking, and node purchases, as outlined in the project’s whitepaper.
Clever Robot News Desk 23rd February 2024
