These days Binance launchpool has been getting many projects and it's like one after another project coming to the launch pool. This is a good opportunity for people who have only BNB or FDUSD tokens on the exchange because they can participate in farming and earn some free tokens. I have observed that the pool is distributed for both the tokens in the ratio of 80:20 and this means more tokens are distributed to BNB holders. Still, I consider it a good option to earn some free tokens and in the last few projects, the token price was pretty good in the market. The last project was pixel which is one of the gaming projects and the token price was pretty good and even now it is trading around the 0.5-dollar price range.
Talking about the portal is another gaming plot form but it has the functionality of cross-chain gaming which can be another leading game in the world of Web 3. Many projects are getting launched in Web 3 driving gaming and looks like in the next bull run cycle we are going to see another trend for gaming projects. I have also participated in the launch pool for the portal, and I got some tokens through farming, and I hope that the value will be good, so it is going to be some free money for me.
A cross-chain gaming platform, with a mission to onboard more players to web3.0
Portal Farming is over
Farming for the portal project is already finished as you can see in the below snapshot. This was for 7 days, and two tokens were supported including BNB and FDUSD which is a stablecoin. A total of 23809 portal tokens are distributed among the participants for the bnb pool and over 5K tokens are distributed for the FDUSD pool.
People are anticipating that the price for portal tokens is going to be around two to $3 per token. This is one of the farming where I don't see any risk because we get our tokens back in the same form and quantity however on top of that we earn some new tokens as part of the reward and these tokens can be much valuable in the market. The last few projects have done pretty well, and I hope that portal is also going to be a valuable token in the market.
Exchange Listing today
The exchange has only announced that the token will be listed on the spot market today which is 29th February. Since the expected price is going to be around 2 or $3 then I think it's a quite good value and I'm happy to have some tokens that I have generated through the bnb farming. Only a few hours left for the exchange listing and usually I do not hold such tokens because I'm not much into the gaming of such projects and I prefer to sell off and book profit hence most probably I am going to follow the same strategy with the portal as well.
Once again, I don't know about the project, but I am happy to participate in such projects coming through the launch pool because I enjoy the reward. I don't hold these tokens and whenever I see a better price then I sell off and we'll be doing the same for the portal also. But overall it's a good opportunity for anyone who is a user of Binance exchange and holds some BNB or FDUSD tokens. If you are one of those holding these tokens then you can also grab this opportunity in the next project whenever it is announced but again it is not financial advice that I'm sharing however I don't see any risk on this farming.
Check more about the game project at: - https://www.portalgaming.com/
Thank you