Port Finance (PORT) is a Solana-based platform's utility and governance token, enabling lending products, community governance, and liquidity incentives. More
| Fully Diluted Valuation | $414,805 |
|---|---|
| 24H Trading Volume | $30,564 |
| 24H Low / High | $0.00 / $ 0.00 |
| Circulating Supply | 35.62M |
| Total Supply | 100.00M |
| Max Supply | 100.00M |
| Categories | Alameda Research Portfolio 1 more |
|---|---|
| Website | port.finance |
| Socials | 1 more |
| Chains | Solana Ecosystem |
| Explorer | Solscan 2 more |
| Contracts |
PoRTj....Quc6y
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| Name | Pair | OG Score |
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Port Finance (PORT) is a token associated with the Port Finance platform, which operates on the Solana blockchain. It plays a key role within the platform by offering utility, governance, and incentives for users. Here's a breakdown of what makes Port Finance and its token, PORT, unique.
Utility and Governance
PORT is both a utility and governance token. This means that holders can use it for different purposes, including participating in decisions that shape the future of the platform. For example, users can vote on proposals that determine important features like supported assets, loan-to-value ratios, and liquidation thresholds.
Incentives for Users
The PORT token also incentivizes users. Through mechanisms like liquidity mining and staking, users can earn PORT tokens by providing liquidity to the platform. This creates opportunities for early users to be rewarded for their participation.
Lending Products on Solana
Port Finance offers various lending products on the Solana blockchain. These include variable-rate lending, fixed-rate lending, and interest rate swaps. PORT tokens are integrated into these products, enabling features like flash loans and cross-collateral lending, where multiple assets can be used as collateral for a single loan.
Tokenomics and Supply
The total supply of PORT tokens is capped at 100 million, making it a limited asset. The token distribution includes allocations for liquidity incentives, private sales, and team rewards. A buy-and-burn mechanism also helps control the token’s circulation by using borrowing fees to buy back and remove PORT tokens from circulation, potentially increasing the value of the remaining tokens over time.
Community Involvement
PORT holders have the opportunity to influence the platform’s development by voting on community proposals. This creates a sense of ownership and involvement, allowing users to help shape the direction of Port Finance.
In summary, Port Finance (PORT) is a versatile token that provides utility, governance, and rewards within the Solana ecosystem. Through its innovative lending products and tokenomics, it offers a range of opportunities for users to engage and benefit.
Port Finance (PORT) stands out for its utility and governance functions within the Solana blockchain ecosystem, allowing token holders to participate in platform decisions. It also offers diverse lending products like variable-rate lending and interest rate swaps, along with an innovative buy-and-burn mechanism to potentially increase token value over time.
The specific founders of Port Finance (PORT) are anonymous.
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