PRESS RELEASE. The workforce at ChainPort is extremely excited to replace the general public about PORTX’s Token Era Occasion (TGE). The workforce 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 commonplace as a cross-chain bridge. ChainPort consists of spectacular security measures, full interoperability, and quick bridging of tokens. Presently, 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.
Despite the fact that PORTX’s TGE was purported to happen earlier, various factors delayed the launch, together with market situations, 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 will likely 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 as we speak, on the twentieth of September, 2022.
The launch of the PORTX token is a major milestone in ChainPort’s historical past. Launching the PORTX token makes ChainPort extra important than only a bridge. It turns into a fully-fledged ecosystem with PORTX at its coronary heart.
The ChainPort workforce will launch the PORTX token on a centralized change 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 sure you double-check the official contract handle earlier than on DEXs. The official contract handle will likely be revealed following the launch.
Do not forget that PORTX on completely different chains could have separate contract addresses corresponding to every chain. Please double-check contract addresses to confirm that the handle is appropriate on the correct chain.
Commerce 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 at present utilizing ChainPort’s bridge. These chains embody Ethereum, Polygon, BNB Chain/BSC, and Fantom. Porting is permissionless and can enable customers to commerce their tokens on Particular DEXs.
ChainPort might 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.
Safety is all the time paramount for ChainPort, and 95% of the funds are saved in chilly storage wallets offered by main trade safety specialists: FireBlocks MPC and Gnosis-safe multi-sig.
ChainPort is a permissionless bridge already porting greater than 190 tokens between blockchains, with extra tasks becoming a member of every day. Porting is completed in minutes by way of a pleasant and easy UI with out requiring technical integration.
Since its launch in 2021, Chainport has managed 40,000 ports and greater than $630,000,000 in quantity. Be taught extra by visiting ChainPort.io or studying the documentation.
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