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PORTX Token Goes Live on CEXs and DEXs – Press Release Bitcoin News
press release
PRESS RELEASE. The team at ChainPort is incredibly excited to update the public about PORTX’s Token Generation Event (TGE). The team has worked tirelessly to develop the most exemplary ecosystem token for the next generation cross-chain bridge.
Since its launch last year, ChainPort has created a new standard as a transverse chain bridge. ChainPort includes impressive security features, full interoperability and fast token bridging. Currently, ChainPort supports over nine chains, has a port volume of $615,923,820, and has a total value of $71M.
Progress continues at an accelerated pace. For example, ChainPort has established a fee mechanism and bridge support for multiple chains, and the PORTX token is now an integral part of the ecosystem.
Although PORTX’s TGE was supposed to take place earlier, various factors delayed the launch, including market conditions, rigorous testing of ChainPort’s security, and testing of the new fee model.
With ChainPort’s fee model in place, ChainPort will accumulate all revenue up to TGE. After PORTX’s TGE, up to 95% of all revenue will be exchanged for PORTX tokens and redistributed according to PORTX’s tokenomics. With the market stabilized and the fee mechanism tested, ChainPort is ready to launch PORTX. TGE for PORTX takes place today, on 20 September 2022.
The launch of the PORTX token is a significant milestone in ChainPort’s history. Launching the PORTX token makes ChainPort more significant than just a bridge. It will be a full-fledged ecosystem with PORTX at its heart.
The ChainPort team will launch the PORTX token on a centralized exchange and soon after on several DEXs on different chains. ChainPort has partnered with top market makers and several DEXs.
Be sure to double check the official contract address before on the DEX. The official contract address will be published after the launch.
Remember that PORTX on different chains will have separate contract addresses corresponding to each chain. Please double check the contract addresses to confirm that the address is correct in the correct chain.
Shop PORTX at:
Gate.io
Pancake Swap
Uniswap
SpookySwap
Phantom contract: 0x504ec4f9af7bbf8cad73ccc2121a3a7fb4c81bcf
Ethereum Contract: 0x104F3152D8ebFC3f679392977356962Ff36566aC
Polygon contract: 0x189586b5f6317538ae50c20a976597da38984a24
BNB chain contract: 0x54c3b88b7e9702f915ddc6e483aaf369b2615f8d
PORTX holders can easily port their tokens to the four chains currently using ChainPort’s bridge. These chains include Ethereum, Polygon, BNB Chain/BSC and Fantom. Porting is permissionless and will allow users to trade their tokens on specific DEXs.
ChainPort may announce additional DEXs and exchanges at a later date.
About ChainPort
ChainPort is a next-generation cross-chain bridge that provides administrator-level security with full interoperability. ChainPort introduces an unprecedented security architecture that ports tokens securely across blockchains with just one click.
Security is always important to ChainPort and 95% of funds are stored in cold storage wallets provided by leading industry security experts: FireBlocks MPC and Gnosis-safe multi-sig.
ChainPort is a permissionless bridge that already ports more than 190 tokens between blockchains, with more projects joining daily. Porting is done in minutes through a friendly and simple user interface without requiring technical integration.
Since its launch in 2021, Chainport has managed 40,000 ports and more than $630,000,000 in volume. Learn more by visiting ChainPort.io or reading the documentation.
Join the ChainPort community for updates:
ChainPort | Twitter | Telegram | ChainPort News | Documentation | Medium | Reddit
This is a press release. Readers should do their own due diligence before taking any action related to the Promoted Company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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