Stake PORTX to pay discounted fees and earn ever-going APY
PORTX Staked
231,698,887
44.76%
($78,234,543)
Staked PORTX
. . .
. . .
. . .
of PORTX circulation supply staked
PORTX Token
PORTX Contract address
Price
. . .
Market Cap
. . .
Circulating Supply
32,170,800
. . .
Total
679,814,605.44
. . .
On Chain Hodlers
. . .
. . .
Transfers
Get, Swap and Trade PORTX Tokens
PORTX can be bought or swapped here
ChainPort's native utility token is the PORTX token. It is central to ChainPort’s ecosystem and long-term sustainability. It represents a unit of value and a medium of exchange that can be used in many ways.
PORTX is used for discount porting fees and to incentive the eco-system growth that includes staking, locks, liquidity incentives, buybacks, partners and users rewarding, and referral and affiliation rewards.
PORTX token will have a few different contract addresses, which changes in accordance with the blockchain it is deployed on.
PORTX Tokenomics
PORTX token includes a deflationary model which increases token scarcity. All PORTX transactions except staking and porting PORTX tokens cross-chain are subject to a fee. Fees strengthen PORTX's tokenomics and create a robust ecosystem.
The fee is 0.3% of a transaction’s total value. For example, an 1000 PORTX transaction will result in 997 PORTX recieved, with 3 PORTX deducted as a fee.
Fees will be broken down and used as follows:
0.1% will be issued for additional PORTX staking rewards
0.1% will be burned, reducing the total PORTX supply
0.1% will be used as added liquidity on DEXs forever
*The taxation fee distribution is currently manual and will be automated soon
Porting Fees & Methods
Basic Porting Fee
The basic porting fee on ChainPort is 0.2% - 0.3% of the value of each port paid and can be paid in several different methods.
NFT Fee
NFT support is coming soon to ChainPort, and its fee model will be a fixed fee per port. More information is coming soon.
Pay with the Ported Token
E.g. If a user wishes to port 10,000 XYZ tokens, a fee of 30 XYZ will be deducted from the port.
Pay with PORTX
The basic porting fee on ChainPort is 0.2% - 0.3% of the value of each port paid and can be paid in several different methods.
Pay with the Chain’s Native Token
Users can pay porting fees of 0.3% in their blockchain’s native token. E.g. if XYZ token is a native ERC-20 token, the user can pay the fee in ETH.
PORT Contract address
Copied
0x
Price
TBA
Market Cap - $0
Circulating Supply
TBA
Total 1,000,000,000
0%
On Chain Hordlers
TBA
On Chain Tx 0
ChainPort is a leading crypto-bridge, both secure and fast and creating the highest standards for the emerging cross-chain interoperability.
ChainPort is creating a fair tokenomics conceived to share value with users and supporters. The simple and effective system is built-in to the platform.
Below is a summary of the current stage of ChainPort's tokenomics development.
Fee distribution
ChainPort’s fee mechanism ensures long-term sustainability for a cross-chain bridge. The mechanism essentially turns ChainPort and PORTX token into an ecosystem with incentives for holders and crypto projects. By turning ChainPort into a fully-fledged ecosystem, it will become the defacto bridge of choice for whoever wants to port tokens.
0.3%
In ported tokens or chain tokens (gas)
0.2%
From port value paid in PORTX Tokens
Basic Porting Fee - up to 90% Converted to PORTX
20% Project reward - An ongoing incentive for projects to make ChainPort their official bridge of choice. Claimable in PORTX.
20% Participation rewards - For each port made, the user will receive points that will reward them with PORTX.
20% Referral/Affiliation Rewards - distributed to eligible parties who referred the ported token, or ports made from an integrated ChainPort modal or through the API.
10% PORTX Buyback - A portion will be utilized to buy back PORTX on the market. Some, to all of this amount, may be used to remove tokens from liquidity (burns).
10% Liquidity - Added on the various DEXs as liquidity forever. Half in PORTX and half in stablecoins.
10% APY for Stakers - This portion rewards PORTX stakers on the official ChainPort fee manager contract.
10% ChainPort Future Development - will be used for ChainPort future development.
ChainPort for Stablecoin’s Fee Distribution
ChainPort will soon support stablecoins. Those are tokens not minted by ChainPort, but by a 3rd party. The fees collected will be the same as the basic porting fee, while the distribution of the fees will be as such:
0.03%
Per week (~1.5% yearly)
0.02%
When paid in PORTX Tokens
20% Participation rewards - For each port made, the address will receive points that will reward them with PORTX.
20% Referral/Affiliation Rewards - distributed to eligible parties who referred the ported token, or ports made from an integrated ChainPort model or through the API.
10% Liquidity - Added on the various DEXs as liquidity forever. Half in PORTX and half in stablecoins.
10% APY for PORTX Stakers - This portion rewards PORTX stakers on the official ChainPort fee manager contract.
20% PORTX Buyback - This portion will be utilized to buy back PORTX on the market. Some to all of this amount may be used to remove tokens from liquidity (burns).
20% ChainPort Future Development - will be used for ChainPort future development.
PORTX Token Metrics
ChainPort’s token distribution has been carefully calculated to guarantee long-term sustainability and growth. Vesting contracts increase transparency and reduce sell pressure. Incentives assist with expansion.
Total Supply
680M Tokens
Team (1y lockup,
3y vesting)
3y vesting)
20% (136M)
Partners, Advisors
& Consultants
& Consultants
4% (27.2M)
Marketing, Acquisitions,
legal R&D & Licenses
legal R&D & Licenses
12% (81.6M)
Token Sale
Strateging, VC,
Private & Public
Strateging, VC,
Private & Public
30% (204M)
Reserve CEX
2% (20M)
Staking, Liquidity,
MM, & Incentives
MM, & Incentives
10% (68M)
Participation and growth
Incentives (5-10y vesting)
Incentives (5-10y vesting)
24% (163.2M)
PORTX Circulation
1. Seed Round
2. Private Round
3. Staking, Liquidity, MM, & Incentives
4. Long Term App Incentives
5. Team 1y Lockup, (3.5y Vesting)
6. Partners, Advisors, & Consultants
7.Marketing, Acquisitions, & Licenses
Check token distribution sheet