CRYPTO NEWS

PORTX Token Goes Live on CEXs and DEXs

PRESS RELEASE. The team at ChainPort is incredibly excited to update the public about PORTX’s Token Generation Event (TGE). The team has worked tirelessly to develop the most exemplary ecosystem token for the next-generation cross-chain bridge.

Since its launch last year, ChainPort has created a new standard as a cross-chain bridge. ChainPort includes impressive security features, full interoperability, and fast bridging of tokens. Currently, ChainPort supports over nine chains, has a port volume of $615,923,820, and has a total value of $71M.

Progress advances at an accelerated pace. For example, ChainPort has established a fee mechanism and bridge support for more chains, and the PORTX token is now an integral part of the ecosystem.

Even though PORTX’s TGE was supposed to take place earlier, different factors delayed the launch, including market conditions, rigorous testing of ChainPort’s security, and testing the new fee model.

With ChainPort’s fee model in place, ChainPort will accumulate all revenues until the TGE. Following PORTX’s TGE, up to 95% of all revenues will be swapped to PORTX tokens and redistributed per PORTX’s tokenomics. With the market stabilizing and the fee mechanism tested, ChainPort is ready to launch PORTX. The TGE for PORTX is taking place today, on the 20th of September, 2022.

The launch of the PORTX token is a significant milestone in ChainPort’s history. Launching the PORTX token makes ChainPort more significant than just a bridge. It becomes a fully-fledged ecosystem with PORTX at its heart.

The ChainPort team will launch the PORTX token on a centralized exchange and right after on several DEXs on different chains. ChainPort has partnered with top market makers and multiple DEXs.

Be sure to double-check the official contract address before on DEXs. The official contract address will be published following the launch.

Remember that PORTX on different chains will have separate contract addresses corresponding to each chain. Please double-check contract addresses to verify that the address is correct on the proper chain.

Trade PORTX on:

Gate.io

PancakeSwap

Uniswap

SpookySwap

Fantom 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 ChainPort’s bridge. These chains include Ethereum, Polygon, BNB Chain/BSC, and Fantom. Porting is permissionless and will allow users to trade their tokens on Specific DEXs.

ChainPort may announce additional DEXs and exchanges at a later date.

About ChainPort

ChainPort is a next-gen cross-chain bridge that provides custodian-level security with full interoperability. ChainPort introduces an unprecedented security architecture, porting tokens safely across blockchains with just a click.

Security is always paramount for ChainPort, and 95% of the funds are stored in cold storage wallets provided by leading industry security experts: FireBlocks MPC and Gnosis-safe multi-sig.

ChainPort is a permissionless bridge already porting more than 190 tokens between blockchains, with additional projects joining daily. Porting is done in minutes through a friendly and straightforward UI without requiring technical integration.

Since its launch in 2021, Chainport has managed 40,000 ports and more than $630,000,000 in volume. Learn more by visiting ChainPort.io or reading the documentation.

Join the ChainPort community for updates:

ChainPort | Twitter | Telegram | ChainPort News | Documentation | Medium | Reddit

 

 

 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Cosmos Price Analysis for 21st of September: ATOM/USD Bulls Drags Bears Along

  The general outlook of the ATOM/USD market is an uptrend. The price support levels are rising as the market progresses. Also, the price resistance levels are attaining new higher levels. Along the line, the sellers push the market with very strong momentum. But, they could not persist in pushing the market. Therefore, buyers are::Listen

Cosmos Price Analysis for 21st of September: ATOM/USD Bulls Drags Bears Along

 

The general outlook of the ATOM/USD market is an uptrend. The price support levels are rising as the market progresses. Also, the price resistance levels are attaining new higher levels. Along the line, the sellers push the market with very strong momentum. But, they could not persist in pushing the market. Therefore, buyers are dragging them along.

Cosmos Market Price Statistic:

  • ATOM/USD price now: $13.94
  • ATOM/USD market cap: $3,992,881,704.57
  • ATOM/USD circulating supply: 286,370,297
  • ATOM/USD total supply: No Data
  • ATOM/USD coin market ranking: #20

Key Levels

Resistance: $ 15.000, $15.500, $16.000
Support: $13.500, $13.000, $12.500

  Buy COSMOS Now

 Your capital is at risk

 Cosmos Market Price Analysis: The Indicators’ Point of View

In a general outlook, the Cosmos market is in an uptrend. The support and resistance trendline is moving in an ascending fashion, but lately, we see very bearish candlesticks on the chart. And this type of candlestick is making the two trend lines diverge (moving farther and farther) from each other. 

It means the sellers are gathering momentum to push the market. In support of this observation, the MACD line has crossed the signal line and both lines are now changing direction to the lower levels. Also, the negative histograms show strong selling pressure. In the RSI, the line is moving at 52% while the signal line maintains 61%. RSI shows that buyer can still recover their ground.

Cosmos Price Analysis for 21st of September: ATOM/USD Bulls Drags Bears Along

Cosmos: ATOM/USD 4-Hour Chart Outlook 

The Moving Average Convergence and Divergence of this timeframe show that the bearish momentum is waning already and giving way to a bullish market. But with the persistent bearish ‘comebacks’ the market may be preparing for a soon bearish reversal trend. The struggle is intense, but, for now, the bulls are having the upper hand.

 

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PORTX Token Goes Live on CEXs and DEXs

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