press release. The ChainPort team is incredibly excited to update the public about PORTX’s Token Generation Event (TGE). The team has worked tirelessly to develop an ecosystem token that is the most exemplary of the next-generation cross-chain bridge.
It has been in effect since last year. Chainport It has created a new standard as a chain bridge. ChainPort includes impressive security features, full interoperability, and instant linking of tokens. Currently, ChainPort supports more than nine chains, the port size is $615,923,820, and the total value is $71M.
Progress is at an accelerated pace. For example, ChainPort has established a payment strategy and bridge support for additional 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, including market conditions, rigorous testing of ChainPort’s security, and the new payment model, delayed the launch.
While ChainPort’s payment model is in place, ChainPort accumulates all revenue up to TGE. Following PORTX’s TGE, up to 95% of revenues will be exchanged into PORTX tokens and redistributed through PORTX tokenomics. With the market stabilized and the payment method tested, ChainPort is ready to launch PORTX. TGE for PORTX is taking place today, On September 20, 2022.
The launch of the PORTX token is a milestone in the history of ChainPort. The launch of the PORTX token makes ChainPort more significant than a bridge. It will be a fully-fledged ecosystem with PORTX at its heart.
The ChainPort team will launch the PORTX token on a central exchange and instantly on multiple DEXs on different chains. ChainPort has partnered with major market makers and several DEXs.
Be sure to double check the official contract address on DEXs first. The official contract address will be published after launch.
Note that PORTX on different chains will have contract addresses corresponding to each chain. Please double check the contract addresses to make sure the address is correct on the correct chain.
Trade PORTX at:
Fantom Contract: 0x504ec4f9af7bbf8cad73ccc2121a3a7fb4c81bcf
Ethereum contract: 0x104F3152D8ebFC3f679392977356962FF36566aC
Multilateral Treaty: 0x189586b5f6317538ae50c20a976597da38984a24
BNB chain contract: 0x54c3b88b7e9702f915ddc6e483aaf369b2615f8d
PORTX holders can easily send their tokens to all four chains using the Chainport bridge. These chains include Ethereum, Polygon, BNB Chain/BSC and Fantom. Transport is permissionless and allows users to trade their tokens on specific DEXs.
ChainPort may announce additional DEXs and exchanges at a later date.
Chainport A next-gen chain-crossover bridge that provides parenteral-level protection with full interoperability. ChainPort introduces an unprecedented security architecture, transferring tokens securely on the blockchain with a click.
Security is always important to ChainPort, and 95% of funds are stored in cold storage wallets powered by industry security experts Fireblocks MPC and Gnosis-safe multi-sig.
ChainPort is a permissionless bridge that already transfers over 190 tokens between blockchains, with more projects joining daily. Transfers are done in minutes with a friendly and straightforward user interface, without the need for technical integration.
In the year Since its launch in 2021, Chainport will manage 40,000 ports and more. 630,000,000 dollars by voice. Learn more by visiting ChainPort.io or reading the documentation.
Join the ChainPort community for updates:
Chainport | Twitter | Telegram | ChainPort News | Document | Medium | Reddit
This is a press release. Readers should conduct 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 for any direct or indirect damages or losses arising from the use of or reliance on any content, goods or services mentioned in the press release.
Image credits: Shutterstock, Pixabay, Wiki Commons