PORTX Token

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Get, Swap and Trade PORTX Tokens

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.

Stake PORTX

Current APY - 
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%

Stake PORTX to pay discounted fees and earn ever-going APY

PORTX Staked

Sum of all PORTX staked on the contract at the moment, its USD value, and the staked portion of the circulating supply.

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PORTX Staked
231,698,887
44.76%
($78,234,543)
Stake PORTX

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.

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, 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

Fees will be lowered to 0.2% if paid in the form of PORTX tokens. PORTX tokens will be required to be staked on the platform. The fees will be deducted automatically from the PORTX staking contract.

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.

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 95% 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)
20% (136M)
Partners, Advisors
& Consultants
4% (27.2M)
Marketing, Acquisitions,
legal R&D & Licenses
12% (81.6M)
Token Sale
Strateging, VC,
Private & Public
30% (204M)
Reserve CEX
2% (20M)
Staking, Liquidity,
MM, & Incentives
10% (68M)
Participation and growth
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