Press Release
Press Release The Chainport team is pleased to update the public about the PORTX Token Generation Event (TGE) We are extremely excited. The team has worked tirelessly to develop the most exemplary ecosystem token for the next generation of cross-chain bridges.
Since its launch last year, ChainPortChainPort has set a new standard as a cross-chain bridge ChainPort offers impressive security features, full interoperability, token token high-speed bridges. Currently, ChainPort supports over 9 chains with a port volume of $615,923,820 and a total value of $71M.
Progress is accelerating. For example, ChainPort has established a fee structure, bridge support for more chains, and PORTX tokens are now an integral part of the ecosystem.
Despite the fact that the TGE of PORTX should have taken place earlier, a number of factors delayed the launch, including market conditions, rigorous testing of ChainPort’s security, and testing of the new fee model.
With the introduction of ChainPort’s fee model, ChainPort will accumulate all revenue until the TGE; after the PORTX TGE, up to 95% of all revenue will be converted into PORTX tokens and, according to PORTX’s tokenomics This will be redistributed according to PORTX’s tokenomics. With the market stabilized and the fee structure tested, ChainPort is ready to launch PORTX; the PORTX TGE will take place today at which will take place on September 20, 2022
The launch of the PORTX token is an important milestone in ChainPort’s history; with the launch of the PORTX token, ChainPort will be more than just a bridge. It will be a full-fledged ecosystem centered on PORTX.
The ChainPort team plans to launch the PORTX token on a centralized exchange and shortly thereafter on multiple DEXs on different chains ChainPort is partnering with top-tier market makers and multiple DEXs.
Be sure to double check the official contract address before using the DEX. The official contract address will be available after launch.
Keep in mind that PORTXs in different chains will have separate contract addresses for each chain. Recheck the contract address and make sure the address is correct for the appropriate chain.
Trade on PORTX.
Phantom Contract: 0x504ec4f9af7bbf8cad73ccc2121a3a7fb4c81bcf
Ethereum Contract: 0x104F3152D8ebFC3f679392977356962Ff36566aC
Polygon contract: 0x189586b5f6317538ae50c20a976597da38984a24
BNB chain contract: 0x54c3b88b7e9702f915ddc6e483aaf369b2615f8d
PORTX holders can easily port their tokens to the four chains currently using the ChainPort bridge. These chains include Ethereum, Polygon,,BNB Chain/BSC Chain/BSC, and Fantom. Porting is permissionless, allowing users to trade their tokens at a specific DEX.
ChainPort may announce additional DEXs and exchanges at a later date.
About ChainPort
ChainPort provides custodian-level security with full interoperability and is the next generation cross-chain bridge, ChainPort introduces an unprecedented security architecture, securely porting tokens between blockchains with a simple click.
Security has always been of paramount importance to ChainPort, with 95% of funds kept in cold storage wallets provided by industry-leading security experts FireBlocks MPC and Gnosis-safe MULTI-SIG.
ChainPort is a permission-free bridge that has already ported over 190 tokens between blockchains, with additional projects joining daily. Porting is done in minutes through a friendly and straightforward UI, with no technical integration required.
Since its launch in 2021, Chainport has managed over40,000 ports. $630,000,000 volume. For more information, visit ChainPort.io or read the documentation.
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