Binance Launchpad has just announced the 23rd IEO for FC Porto Fan Token (PORTO). The exchange will follow the Launchpad registration format for the token sale, the time to record users’ BNB balances will be for 10 days from 07:00 on November 6 to 07:00 on November 16.

What is FC Porto Fan Token (PORTO)?

FC Porto Fan Token is a BEP-20 utility token designed to revolutionize the fan experience for all fans of the Porto, Portugal football team. The token allows Porto fans to participate in polls with the team, hunt digital collectibles, buy NFTs and enjoy game features tied to fan rewards and much more. other experience.

The PORTO token has the following functions:

Interact: PORTO holders have the right to participate in voting sessions related to fan interaction on the Binance Fan Token platform.

Loyalty registration: Owners will be able to use PORTO tokens to sign up for fan rewards, digital collectibles, loyalty points, etc.

Ecommerce: The PORTO token can be integrated into FC Porto’s potential future e-commerce ecosystem and used as payment for goods, match day tickets, memberships, etc. Pay.

Benefit: Owners can get once-in-a-lifetime benefits by interacting with FC Porto on the Binance Fan Token platform, including signed merchandise, meet and greet with a soccer player or legend, have a one-on-one phone call with team members, etc.

Game: Owners will be able to access many gamei features on the Binance Fan Token platform.

Contribute: Owners will be able to donate directly to their favorite group and receive a proof of loyalty badge.

Token Allocation

Binance Launchpad Sale: 10.0%
Team: 15.00%
Loyalty Subscription: 20.00%
User Funds: 35.00%
Developer Fund: 20.00%

Token sale details

Token Name: FC Porto Fan Token (PORTO)
Hardcap: 4,000,000 USD
Hard Cap per user: 10,000 USD (10,000 PORTO)
Total supply: 40,000,000 PORTO
Total tokens allocated to Binance Launchpad: 4,000,000 PORTO (10% of total supply)
Public Sale Token Price: 1 PORTO = 1 USD (price in BNB will be determined before registration)
Token Sale Format: Sign Up
Supported Tokens: BNB

Registration Schedule

The preparation period is from 7:00 a.m. on November 6, 2021 to 7:00 a.m. on November 16, 2021. During this period, the user’s BNB balance will be calculated in hourly snapshots for each day over a 10-day period. Your final daily average BNB balance for these 10 days will determine the maximum amount of BNB you can commit to buying later.

Registration time (Commit) from 13:00 on November 16, 2021 to 16:00 on November 16, 2021. Registration will open at this time to all eligible users for a period of 3 hours. Users must also sign the “Token Purchase Agreement” at the same time, before committing to BNB.

Last token distribution at 5:00 p.m. on November 16, 2021. Your final token allocation will be calculated and the corresponding BNB will be deducted from your locked BNB amount. Once deducted, both your PORTO and BNB tokens will be transferred to your spot wallet (Spot). Binance will list the token shortly after 1 to 2 hours.

If you don’t have a Binance account, sign up here.

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Sherlock Holmes

According to AZCoin News

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