Press release
PRICE RELEASE The team at ChainPort is incredibly excited to update the public about PORTX’s Token Generation Event (TGE). They have worked hard to create the best ecosystem token possible for cross-chain bridges of the future.
This website has been in use since its debut last year. ChainPortCross-chain bridge has been redefined by ChainPort. ChainPort features impressive security and interoperability. It also allows fast token bridging. ChainPort currently supports nine chains and has a port volume totaling $615,923,820. It also has an overall value of $71M.
The pace of progress is rapid. ChainPort, for example, has created a bridge support mechanism, a fee mechanism, and now the PORTX token forms an integral part the ecosystem.
Even though PORTX’s TGE was supposed to take place earlier, different factors delayed the launch, including market conditions, rigorous testing of ChainPort’s security, and testing the new fee model.
With ChainPort’s fee model in place, ChainPort will accumulate all revenues until the TGE. Following PORTX’s TGE, up to 95% of all revenues will be swapped to PORTX tokens and redistributed per PORTX’s tokenomics. ChainPort has tested the fees mechanism and market stability, so PORTX is now ready for launch. Today is the TGE for PORTX. 2022, September 20, 2022.
The launch of the PORTX token is a significant milestone in ChainPort’s history. ChainPort is more than a bridge. The PORTX token launch makes ChainPort even more important. The PORTX token will make it a complete ecosystem.
ChainPort will release the PORTX token via a centralized exchange, and then on several DEXs using different chains. ChainPort is a partner with market leaders and several DEXs.
Before you submit DEXs, make sure that the contract address is correct. After the launch, the official contract address is published.
Remember, PORTX will have different contract addresses depending on the chain. To ensure the correct address on each chain, please double-check your contract addresses.
Trade PORTX for:
Gate.io
PancakeSwap
Uniswap
SpookySwap
Fantom contract: 0x504ec4f9af7bbf8cad73ccc2121a3a7fb4c81bcf
Ethereum Contract 0x104F3152D8ebFC3f679392977356962Ff36566aC
Polygon Contract 0x189586b5f6317538ae50c20a976597da38984a24
BNB Chain Agreement: 0x54c3b88b7e9702f915ddc6e483aaf369b2615f8d
PORTX holders can easily port their tokens to the four chains currently using ChainPort’s bridge. These include Ethereum, Polygon (BNB Chain/BSC), Fantom, and BNB Chain/BSC. Users can trade their tokens via Specific DEXs with permissionless porting.
ChainPort could announce more DEXs or exchanges later.
ChainPort
ChainPortThe next-generation crosschain bridge provides custodian-level security along with complete interoperability. ChainPort offers a unique security architecture that allows you to safely transfer tokens across different blockchains using just one click.
ChainPort security is paramount. ChainPort stores 95% the funds in cold storage wallets provided to them by top industry security professionals: FireBlocks MPC, Gnosis safe multi-sig.
ChainPort allows you to transfer more than 193 tokens between different blockchains. There are new projects being added every day. It is easy and quick to port using a simple UI that does not require technical integration.
Chainport launched 2021. Since then, it has been responsible for managing 40,000 ports. $630,000,000 in volume. ChainPort.io provides more information.
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