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Summary of FC Porto Fan Token (PORTO)
Key Points
- FC Porto Fan Token (PORTO) is a fan token on the BEP-20 network, designed to reward fans of FC Porto, a Portuguese football team.
- The token allows fans to vote on decisions, gain access to exclusive discounts and club rewards, collect rare NFTs, and unlock fan badges.
- There are 40,000,000 PORTO tokens in existence, with 4,000,000 allocated to the initial Binance launchpad sale.
- The token is built on the Binance Smart Chain network, using the proof-of-stake authority (PoSA) algorithm.
- Trading of PORTO began on Nov.
Introducing the FC Porto Fan Token: A Revolutionary Way to Empower Fan Engagement
Introducing FC Porto Fan Token (PORTO): A Revolutionary Digital Asset for Devoted Supporters
FC Porto Fan Token (PORTO) is a bespoke fan token built on the BEP-20 network, specifically designed to incentivize and reward the devoted fan base of FC Porto, a renowned football team that competes at the highest level in the Portuguese Premier League.
Founded in 1893, FC Porto is Portugal’s second wealthiest football team, boasting a massive and devoted fan base. The PORTO token was launched on November 6, 2021. By holding the PORTO token, fans can tap into the football club’s activities, exercising their voting power and gaining access to exclusive discounts and coveted club rewards. Furthermore, the PORTO token enables holders to curate rare non-fungible tokens (NFTs) and unlock coveted fan badges through their active engagement with the token.
The Visionaries Behind FC Porto Fan Token: Meet the Founders
PORTO was unveiled on the Binance Launchpad, a premier token launch platform. The token was born out of a landmark multi-year partnership between Binance, the world’s largest cryptocurrency exchange, and FC Porto, a renowned football club.
Binance’s strategic partnership with multiple football teams has given rise to the introduction of various fan tokens, notably the Lazio Fan Token. By leveraging blockchain technology, Binance’s innovative fan tokens enable football clubs to forge deeper connections with their enthusiasts, while offering a range of exclusive benefits. Through this partnership, participating teams can reap rewards by referring fans and bask in the uniqueness of a token that embodies their team’s identity.
Tiago Gouveia, a seasoned marketing manager with an extensive background in sports marketing, serves as the managing director of the project.
Unveiling the Uniqueness of FC Porto Fan Token
What Is the Circulating Supply of FC Porto Fan Token (PORTO)?
Approximately 40 million PORTO tokens are in circulation. Of these, around 4 million were allocated to the initial Binance Launchpad sale, priced at $1 per token, thereby generating a total of $4 million in revenue.
Following the initial sale, a substantial 19.50% of the total supply, equivalent to 7,800,000 PORTO tokens, was put into circulation. Furthermore, a significant 20% of the supply has been set aside for loyalty subscriptions, which will enable fans to access exclusive deals and rewards.
A 15% allocation was set aside for the team, while a further 20% was earmarked for developers. The remaining 35% was made accessible to users.
The Security Architecture of the FC Porto Fan Token Network
The FC Porto Fan Token (PORTO) is a BEP-20 token, meticulously crafted on the Binance Smart Chain network. This innovative platform employs a proof-of-stake authority (PoSA) algorithm, which is thoughtfully designed around 21 elected validators, thereby preventing any single validator from exerting undue influence over the network.
When Did Trading of the FC Porto Fan Token Commence?
The FC Porto Fan Token commenced trading on November 6, 2021, at 12:00 AM UTC. The trading process encompasses four distinct stages. The inaugural phase, dubbed the preparation period, spanned until November 16, 00:00 AM UTC, during which the average Binance Coin (BNB) balance was calculated to determine the maximum amount of BNB that users could subsequently commit.
The subscription phase commenced on November 16 at 6:00 AM UTC and concluded at 9:00 AM UTC, during which participants committed their BNB tokens and signed the agreement. The subsequent calculation period, spanning from 9:00 AM UTC to 10:00 AM UTC on November 16, saw the initiation of token allocation calculations.
Ultimately, in the final stage, commencing on November 16 at 10:00 AM UTC, the tokens were distributed to users who had pledged their BNB tokens.
Will PORTO Soar to $1?
The PORTO token debuted at a valuation of $1, as established during the pre-sale launch. However, following November 16, the token surged to an all-time high of $14.65, and currently stands at $3.54.
Acquiring FC Porto Fan Token (PORTO): A Comprehensive Guide
The PORTO token is presently listed on a diverse range of esteemed cryptocurrency exchanges, including Binance, Mandala Exchange, BKEX, PancakeSwap (v2), and Binance TR, where it is actively being traded.
Sophisticated Interactions
PORTO token holders can seamlessly engage with FC Porto players through the team’s specially released non-fungible tokens. Furthermore, fan token holders will enjoy exclusive access to the NFT series sale.
Moreover, enthusiasts will have the opportunity to participate in intimate meet-and-greets, receive autographed memorabilia, and indulge in a range of unique, exclusive experiences.
Engagement Opportunities
Fans will be afforded the opportunity to actively participate in the inner workings of the clubs, as their PORTO tokens grant them the privilege of casting votes on a multitude of decisions. This may encompass selecting jerseys for the players, as well as choosing the club’s anthems. Furthermore, fans retain the right to donate any desired amount of their PORTO tokens to FC Porto.
Monetization Strategies
As time unfolds, the token’s fan base is poised to expand, with an increasing number of club enthusiasts acquiring the utility token. The token’s sale will provide a vital source of financial support for FC Porto.
The PORTO token will be seamlessly integrated into the team’s official e-commerce platform, enabling fans to utilize it for purchasing official merchandise and matchday tickets with ease.
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