PRESS RELEASE. The ChainPort team is incredibly excited to update the public on PORTX’s Token Generation Event (TGE). The team has worked tirelessly to develop the most exemplary ecosystem token for the next-generation cross-chain bridge.
Since its launch last year, ChainPort created a new standard as a cross chain bridge. ChainPort includes impressive security features, full interoperability, and fast token bridging. Currently, ChainPort supports more than nine chains, has a port volume of $615,923,820, and has a total value of $71 million.
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Progress is advancing at an accelerated pace. For example, ChainPort introduced a fee mechanism and bridge support for more chains, and the PORTX token is now an integral part of the ecosystem.
Even though PORTX’s TGE was scheduled to take place sooner, various factors delayed the launch, including market conditions, rigorous testing of ChainPort’s security, and testing of the new pricing model.
With ChainPort’s pricing model in place, ChainPort will accrue all revenue up to the TGE. After PORTX TGE, up to 95% of all revenue will be exchanged for PORTX tokens and redistributed according to PORTX tokenomics. With the market stabilizing and the fee mechanism tested, ChainPort is ready to launch PORTX. The TGE for PORTX takes place today, 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 important than just a bridge. It becomes a full-fledged ecosystem with PORTX at its core.
The ChainPort team will launch the PORTX token on a centralized exchange and right after that on several DEXs on different chains. ChainPort has partnered with top market makers and multiple DEXs.
Be sure to double check the official contract address before on the DEXs. The official contract address will be published after the launch.
Remember that PORTX on different chains will have separate contract addresses corresponding to each chain. Please double check the contract addresses to verify that the address is correct on the correct string.
Trade PORTX on:
Ghost Contract: 0x504ec4f9af7bbf8cad73ccc2121a3a7fb4c81bcf
Ethereum contract: 0x104F3152D8ebFC3f679392977356962Ff36566aC
Polygon Contract: 0x189586b5f6317538ae50c20a976597da38984a24
BNB Chain Contract: 0x54c3b88b7e9702f915ddc6e483aaf369b2615f8d
PORTX holders can easily transfer their tokens to the four chains currently using ChainPort’s bridge. These chains include Ethereum, Polygon, BNB Chain/BSC, and Fantom. Porting is permissionless and will allow users to trade their tokens on specific DEXs.
ChainPort may announce additional DEXs and exchanges at a later date.
ChainPort is a next-generation cross-chain bridge that provides custodian-level security with full interoperability. ChainPort introduces an unprecedented security architecture, transferring tokens securely across blockchains with a single click.
Security is always paramount to ChainPort, and 95% of funds are stored in cold storage wallets provided by the industry’s leading security experts: FireBlocks MPC and Gnosis-safe multi-sig.
ChainPort is a permissionless bridge already carrying over 190 tokens between blockchains, with additional projects joining daily. Porting is done in minutes with a user-friendly and simple user interface without the need for technical integration.
Since its launch in 2021, Chainport has managed 40,000 ports and over $630,000,000 in volume. Learn more by visiting ChainPort.io or reading the documentation.
Join the ChainPort community for updates:
ChainPort | Twitter | Telegram | ChainPort News | Documentation | Medium | Reddit
This is a press release. Readers should exercise due diligence before taking any action related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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PORTX Token Goes Live On CEX And DEX – Bitcoin News Press Release
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