PORTAL Tokens Successfully Sent to Various Crypto Exchanges

Good news for PORTAL token enthusiasts ! February 29 marked a significant development for the token , which was previously launched by Binance through the 47th Launchpool program on February 22.

The project announced that it has submitted PORTAL tokens to various crypto exchanges , signaling preparations for an increasingly mature listing process.

Coin Portal Present on Crypto Exchange

Binance launched Portal (PORTAL) through the Launchpool program, and the token is scheduled to start trading today (February 29, 2024) at 13:00 Turkish time. This trade is expected to increase activity in the crypto market and is of course welcomed enthusiastically by investors.

One important step in launching this project is the distribution of 20 million PORTAL tokens to market makers on various crypto exchanges.

This is done to increase liquidity and ensure more stable trading. A total of 10.34 million PORTAL tokens were distributed to crypto exchanges before the project started.

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Token Distribution to Crypto Exchanges

The transfer of tokens via market maker addresses allows distribution of liquidity to various crypto exchanges, making the project accessible on many platforms. It is worth noting that liquidity is distributed to major crypto exchanges such as Binance, KuCoin, Bybit, Gate.io, and Bitget.

Following are the details of token distribution:

• 6.17 million Portals sent to Binance.
• 2.067 million Portals sent to KuCoin.
• 2.067 million Portals sent to Bybit.
• 20,000 Portals sent to Gate.io.
• 16,000 Portals sent to Bitget.

Binance received the largest share of liquidity (6.17 million PORTALS) and could be interpreted as an indication of positive reception from the market. This reflects investors' interest and confidence in the project through Binance.

Project Accessibility Improvements

The contribution of platforms such as KuCoin, Bybit, Gate.io, and Bitget in liquidity increases the project's accessibility to various crypto exchanges. This certainly accommodates diverse investor preferences and habits.

However, it should be noted that the uneven distribution of liquidity among crypto exchanges raises potential concerns of unfairness or imbalance. This imbalance has the potential to affect the fairness and efficiency of trade.

The launch of trading for Portal (PORTAL) through Binance's Launchpool program has certainly sparked excitement in the crypto market. The project stands out by providing tokens to market makers and distribution of liquidity to various crypto exchanges.

Also Read: PORTAL Token Ready to be Released, When is the Date?

Conditions for Crypto Tokens to be Sent to Crypto Exchanges

The terms and conditions for crypto tokens to be sent to crypto exchanges may vary depending on each exchange's policies and procedures. However, some general requirements that exchanges may apply to accept sent crypto tokens are as follows:

1. Supported Token Types

Exchanges usually only support certain crypto tokens. Make sure the tokens you send are supported by the exchange.

2. Correct Deposit Address

Make sure you send the token to the correct address. Crypto exchanges usually provide a unique address for each type of token you want to deposit.

3. Minimum Deposit

Some exchanges may have minimum requirements for crypto token deposits. Make sure the amount you send meets these minimum requirements.

4. Memo or Tag

For some types of tokens such as XRP (Ripple), exchanges may require a special memo or tag to identify your deposit. Make sure you include the correct memo or tag if necessary.

5. Identity Verification 

Some exchanges may require you to complete an identity verification process before you can make large deposits or withdrawals. Make sure you have completed the required verification process.

Also read How to Buy Crypto:

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH ), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

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DISCLAIMER : This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.