PORTX Token Goes Live on CEXs and DEXs

2 years ago

PRESS RELEASE. The squad astatine ChainPort is incredibly excited to update the nationalist astir PORTX’s Token Generation Event (TGE). The squad has worked tirelessly to make the astir exemplary ecosystem token for the next-generation cross-chain bridge.

Since its motorboat past year, ChainPort has created a caller modular arsenic a cross-chain bridge. ChainPort includes awesome information features, afloat interoperability, and accelerated bridging of tokens. Currently, ChainPort supports implicit 9 chains, has a larboard measurement of $615,923,820, and has a full worth of $71M.

Progress advances astatine an accelerated pace. For example, ChainPort has established a interest mechanics and span enactment for much chains, and the PORTX token is present an integral portion of the ecosystem.

Even though PORTX’s TGE was expected to instrumentality spot earlier, antithetic factors delayed the launch, including marketplace conditions, rigorous investigating of ChainPort’s security, and investigating the caller interest model.

With ChainPort’s interest exemplary successful place, ChainPort volition accumulate each revenues until the TGE. Following PORTX’s TGE, up to 95% of each revenues volition beryllium swapped to PORTX tokens and redistributed per PORTX’s tokenomics. With the marketplace stabilizing and the interest mechanics tested, ChainPort is acceptable to motorboat PORTX. The TGE for PORTX is taking spot today, on the 20th of September, 2022.

The motorboat of the PORTX token is simply a important milestone successful ChainPort’s history. Launching the PORTX token makes ChainPort much important than conscionable a bridge. It becomes a fully-fledged ecosystem with PORTX astatine its heart.

The ChainPort squad volition motorboat the PORTX token connected a centralized speech and close aft connected respective DEXs connected antithetic chains. ChainPort has partnered with apical marketplace makers and aggregate DEXs.

Be definite to double-check the authoritative declaration code earlier connected DEXs. The authoritative declaration code volition beryllium published pursuing the launch.

Remember that PORTX connected antithetic chains volition person abstracted declaration addresses corresponding to each chain. Please double-check declaration addresses to verify that the code is close connected the due chain.

Trade PORTX on:

Fantom Contract: 0x504ec4f9af7bbf8cad73ccc2121a3a7fb4c81bcf

Ethereum Contract: 0x104F3152D8ebFC3f679392977356962Ff36566aC

Polygon Contract: 0x189586b5f6317538ae50c20a976597da38984a24

BNB Chain Contract: 0x54c3b88b7e9702f915ddc6e483aaf369b2615f8d

PORTX holders tin easy larboard their tokens to the 4 chains presently utilizing ChainPort’s bridge. These chains see Ethereum, Polygon, BNB Chain/BSC, and Fantom. Porting is permissionless and volition let users to commercialized their tokens connected Specific DEXs.

ChainPort whitethorn denote further DEXs and exchanges astatine a aboriginal date.

About ChainPort

ChainPort is simply a next-gen cross-chain span that provides custodian-level information with afloat interoperability. ChainPort introduces an unprecedented information architecture, porting tokens safely crossed blockchains with conscionable a click.

Security is ever paramount for ChainPort, and 95% of the funds are stored successful acold retention wallets provided by starring manufacture information experts: FireBlocks MPC and Gnosis-safe multi-sig.

ChainPort is simply a permissionless span already porting much than 190 tokens betwixt blockchains, with further projects joining daily. Porting is done successful minutes done a affable and straightforward UI without requiring method integration.

Since its motorboat successful 2021, Chainport has managed 40,000 ports and much than $630,000,000 successful volume. Learn much by visiting ChainPort.io oregon speechmaking the documentation.

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