Binance New Coin Mining has introduced its 47th project - Portal (PORTAL), a cross-chain gaming platform bridging players into Web3.0. Starting February 22, 2024, users can stake BNB or FDUSD to mine PORTAL tokens over 7 days.
Project Overview
- Token Name: Portal (PORTAL)
- Max Supply: 1,000,000,000 PORTAL
- Initial Circulation: 167,134,615 PORTAL (16.71% of max supply)
- Mining Allocation: 50,000,000 PORTAL (5% of max supply)
Key Dates & Trading Pairs
- Mining Period: 08:00 (UTC+8) Feb 22 - 07:59 Feb 29, 2024
Listing: PORTAL debuts on Binance at 18:00 (UTC+8) Feb 29 with pairs:
- PORTAL/BTC, PORTAL/USDT, PORTAL/BNB, PORTAL/FDUSD, PORTAL/TRY
Mining Pools Structure
| Pool | Allocation (PORTAL) | Hourly Cap per User |
|---|---|---|
| BNB | 40,000,000 (80%) | 23,809.52 |
| FDUSD | 10,000,000 (20%) | 5,952.38 |
Participation Rules
- KYC Required: Users must complete identity verification.
- Geographic Restrictions: Excludes Australia, Canada, U.S., Japan, and 15+ other regions (full list).
- Auto-Enrollment: BNB in Binance Earn products automatically joins mining.
FAQs
1. How are mining rewards calculated?
Binance takes random snapshots of user holdings hourly to determine average balances and distribute rewards proportionally.
2. Can I stake both BNB and FDUSD simultaneously?
Yes, but allocations are pool-specific—no "dual farming" across pools.
3. What happens when the mining period ends?
All staked assets and unclaimed tokens automatically return to spot accounts.
👉 Learn more about Web3 gaming
Important Notes
- Compliance: Binance adheres to regional regulations; restricted jurisdictions may update.
- Risk Disclaimer: Crypto investments are volatile—assess your risk tolerance before participating.
Last updated: February 21, 2024