May 21st Bitfinex to list PORTAL, Portal's native token
ROAD TOWN, British Virgin Islands – May 21, 2024 – Bitfinex (https://www.bitfinex.com), a leading digital asset trading platform, today announced that it will list PORTAL, the native token of Portal, a multi-chain web3 gaming platform.
Web3 gaming is growing tremendously and its market size is expected to reach nearly $614 billion by 2030, representing a nearly 300% increase from a valuation of $154 billion in 2023. In collaboration with LayerZero, a protocol that enables blockchain interoperability, Portal facilitates a multi-chain experience by connecting a variety of Web3 games with new players across blockchains. Among the platform's features is the Portal Passport, a single sign-on solution that maintains a user's player identities and assets across various games.
As the platform's native token, PORTAL performs a multitude of functions, including access to exclusive NFTs, voting rights in governance, staking for yield, and in-game usage for buying and selling in-game items.
“As the Web3 gaming industry continues to attract an increasing number of users and games, projects like Portal, aiming to unify the entire ecosystem, provide a solid foundation for the crypto gaming ecosystem -cash. We are excited to include $PORTAL among our range of token offerings,” said Henry Child, Head of Tokens at Bitfinex.
Deposits for PORTAL are expected to open around 10:00 UTC on May 21, 2024, subject to network conditions. Trading is expected to begin around 10:00 UTC on May 24, 2024, subject to liquidity requirements being met. PORTAL will be tradable for US dollars (PORTAL/USD) and Tether tokens (PORTAL/USDt).
To access PORTAL on Bitfinex, customers can visit https://www.bitfinex.com/.
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About Bitfinex
Founded in 2012, Bitfinex is a digital token trading platform offering industry-leading services to global traders and liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC marketplace, and margin trading for a wide selection of digital tokens. Bitfinex's strategy focuses on providing unprecedented support, tools and innovation to experienced traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.
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