The Port Finance IDO was a success! A review of its IDO on Solanium

Published on: 11.08.2021

After the launch into the Solana ecosystem, here is a brief analysis of what happened and what is to come on Port Finance. 

Port Finance would like to thank everyone who participated in the Port IDO,  over 75,000 people followed them on Solanium website!

The Solana ecosystem is growing rapidly and they are excited to be one of the newest additions to the industry’s most promising blockchain platforms; the unveiling of their suite of money market products represents an exciting step forward for DeFi on Solana and they were looking forward to welcoming many new project participants on-board in the coming weeks!

  • A staggering 88,294 people applied for our Whitelist Lottery event on the Solanium website, with a total of 1425 winners chosen at random
  • 1210 people participated in the Port Finance IDO

Shortly after the successful close of their IDO on Solanium, the Port Finance native token PORT was listed on Ascendex, Raydium and Serum, giving traders the choice of both CEX and DEX trading options. Overall volume across exchanges has been promising since listing and, as they introduce more exciting community incentives in the coming weeks.

AscendEX: PORT/USDT – MARKET

Serum: PORT/USDC – MARKET

Raydium: PORT/ USDC – MARKET

Official PORT Token Address: PoRTjZMPXb9T7dyU7tpLEZRQj7e6ssfAE62j2oQuc6y

About Port Finance

Port Finance is a decentralized Money Market protocol on Solana, aiming to provide a full suite of lending products including, but not limited to, variable rate lending, fixed rate lending and interest rate swaps. Port Finance’s team brings engineering experience from tech companies like Google, Facebook, and Microsoft, and previous contributions to Solana and Serum.

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