- Binance and Brazilian football club Santos FC are launching the SANTOS fan token
- Users will be able to learn SANTOS by staking BNB or BUSD on the Binance Launchpool platform
- In total, 1.5 million SANTOS tokens will be distributed through the program
Binance and Santos FC announce partnership, and the SANTOS fan token is coming to Binance Launchpool
Binance has announced a partnership with Brazilian football club Santos FC, which also includes a Santos FC Fan Token (SANTOS) on Binance’s Fan Token platform. The SANTOS token will be initially launched through Binance Launchpad, where users will be able to earn SANTOS by staking BNB or BUSD.
FC Santos was founded in 1912 and is one of the most popular football clubs in Brazil. FC Santos has a rich history which includes 8 national championships and 22 first-place finishes in the Campeonato Paulista. Pelé, who is viewed by many as the greatest footballer of all time, spent the majority of his career with the club, and scored more than 500 goals for Santos FC.
The idea behind the SANTOS token is similar to other fan tokens on Binance’s platform such as LAZIO and PORTO. By holding the token, fans of FC Santos will be able to vote on polls held by the club, obtain NFTs and digital collectibles related to the club, participate in gamified experiences on the Binance Fan Token platform, and access exclusive opportunities organized by the club.
Like other tokens on the Binance Fan Token platform, SANTOS is issued as a BEP-20 standard token on Binance Smart Chain. The total supply of SANTOS is 30 million tokens, 1.5 million of which will be distributed through Binance Launchpool.
80% of the 1.5 million SANTOS allocation will be distributed to BNB stakers, while the rest of allocation will be going to BUSD stakers. The amount of tokens each staker receives will depend on the length of their stake, as well as the size of their stake compared to the entirety of the respective staking pool. Users will be able to earn SANTOS tokens on Binance Launchpool from November 27 to December 26.
How to earn Santos FC Fan Token (SANTOS) on Binance Launchpool?
SANTOS will be available for trading on Binance starting on December 1, and will have trading pairs against BTC, USDT, TRY and BRL.
As with other services offered by Binance, users need to have a verified account in order to participate in SANTOS token farming on Binance Launchpool.
Source link: https://coincodex.com/article/12991/binance-announces-santos-fc-fan-token-as-the-latest-project-on-binance-launchpool/