How high can $PORTAL go?Binance’s new Launchpool project Portal is a Web3 gaming platform. It received a financing in December last year. The amount was undisclosed. The investors were several well-known
NFT players including Gmoney, Zeneca, and Dingaling. The following is about $ Some important data from PORTAL:• Online time: 2024/02/29, 18:00 (UTC+8)• Total number of tokens: 1,000,000,000• Initial circulation: 167,134,615 (16.71%)• Institutional price (private placement & public sale): 0.088uThe role of $PORTAL in the Portal ecosystem includes: purchasing game items, paying cross-chain fees, participating in Launchpad, staking nodes and purchasing nodes, etc.“Portal raised $29,000,000 through private placement and public sale. The project sold 33% of the supply,” a Binance research note noted. My interpretation here is that the project party sold 33% of the tokens in exchange for 29,000,000 US dollars during the private placement & public sale stage, so the institutional price can be calculated as:29,000,000/(1,000,000,000 x 33%) ≈ 0.088uThe initial circulating market value corresponding to 0.088u is US$14.69 million. This data has been added to the table below for your reference.Register on Binance and follow the rebate link of Wolfboy. You can enjoy a 20% fee discount for spot transactions and a 10% fee discount for contract transactions: https://binance.me/zh-CN/join?ref=LX8RL8CK
