PRESS RELEASE. The crew at ChainPort is extremely excited to update the general public about PORTX’s Token Generation Event (TGE). The crew has labored tirelessly to develop probably the most exemplary ecosystem token for the next-generation cross-chain bridge.
Since its launch final yr, ChainPort has created a brand new customary as a cross-chain bridge. ChainPort consists of spectacular safety features, full interoperability, and quick bridging of tokens. Currently, ChainPort helps over 9 chains, has a port quantity of $615,923,820, and has a complete worth of $71M.
Progress advances at an accelerated tempo. For instance, ChainPort has established a charge mechanism and bridge assist for extra chains, and the PORTX token is now an integral a part of the ecosystem.
Even although PORTX’s TGE was imagined to happen earlier, various factors delayed the launch, together with market circumstances, rigorous testing of ChainPort’s safety, and testing the brand new charge mannequin.
With ChainPort’s charge mannequin in place, ChainPort will accumulate all revenues till the TGE. Following PORTX’s TGE, as much as 95% of all revenues can be swapped to PORTX tokens and redistributed per PORTX’s tokenomics. With the market stabilizing and the charge mechanism examined, ChainPort is able to launch PORTX. The TGE for PORTX is going down at present, on the twentieth of September, 2022.
The launch of the PORTX token is a big milestone in ChainPort’s historical past. Launching the PORTX token makes ChainPort extra vital than only a bridge. It turns into a fully-fledged ecosystem with PORTX at its coronary heart.
The ChainPort crew will launch the PORTX token on a centralized alternate and proper after on a number of DEXs on completely different chains. ChainPort has partnered with high market makers and a number of DEXs.
Be positive to double-check the official contract deal with earlier than on DEXs. The official contract deal with can be revealed following the launch.
Remember that PORTX on completely different chains can have separate contract addresses corresponding to every chain. Please double-check contract addresses to confirm that the deal with is appropriate on the right chain.
Trade PORTX on:
Fantom Contract: 0x504ec4f9af7bbf8cad73ccc2121a3a7fb4c81bcf
Ethereum Contract: 0x104F3152D8ebFC3f679392977356962Ff36566aC
Polygon Contract: 0x189586b5f6317538ae50c20a976597da38984a24
BNB Chain Contract: 0x54c3b88b7e9702f915ddc6e483aaf369b2615f8d
PORTX holders can simply port their tokens to the 4 chains presently utilizing ChainPort’s bridge. These chains embody Ethereum, Polygon, BNB Chain/BSC, and Fantom. Porting is permissionless and will enable customers to commerce their tokens on Specific DEXs.
ChainPort could announce extra DEXs and exchanges at a later date.
ChainPort is a next-gen cross-chain bridge that gives custodian-level safety with full interoperability. ChainPort introduces an unprecedented safety structure, porting tokens safely throughout blockchains with only a click on.
Security is at all times paramount for ChainPort, and 95% of the funds are saved in chilly storage wallets supplied by main trade safety consultants: FireBlocks MPC and Gnosis-safe multi-sig.
ChainPort is a permissionless bridge already porting greater than 190 tokens between blockchains, with extra initiatives becoming a member of day by day. Porting is completed in minutes by means of a pleasant and simple UI without requiring technical integration.
Since its launch in 2021, Chainport has managed 40,000 ports and greater than $630,000,000 in quantity. Learn extra by visiting ChainPort.io or studying the documentation.
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