Binance Launchpool features new 47th project, BNB reacts with surge

The Binance cryptocurrency exchange announced a new project on the Launchpool platform.

According to a post on the exchange’s website, the 47th project on Binance Launchpool is Portal (PORTAL), a cross-chain gaming platform that aims to attract more players to Web 3.0.

Users will be able to place their BNB and FDUSD in separate pools for farming PORTAL tokens for seven days starting Feb. 22, 2024. On Feb. 29, the cryptocurrency exchange will list PORTAL; trading the new tokens will be available with Bitcoin (BTC), Binance Coin (BNB), Tether (USDT), First Digital USD (FDUSD), as well as the TRY token.

Amid the news of the launch of a new project, the BNB token reacted with a slight increase, increasing by 1.8% at the time of writing. At the same time, trading volumes increased sharply – almost 30% or up to $1.7 million. Perhaps traders began to purchase BNB to participate in the new Launchpool.

Earlier, another Binance Launchpool project, Pixels (PIXEL), topped the ranking of the most traded cryptocurrencies launched on the exchange platform.

On Feb. 19, the platform listed Pixels released on the Ronin blockchain. The coins immediately began to be in great demand and outstripped all competitors regarding trading volume. The interest in Pixels on the part of the gaming community is because the game provides the opportunity to make good money selling farms in the form of Farm Land non-fungible tokens (NFTs).