Summary

Porto Fan Token (PORTO) is a BEP-20 utility token of FC Porto. Launched in 2021 via the Binance Launchpad sale, PORTO offers exclusive experiences and perks to fans and token holders.  

PORTO holders can participate in voting on club-related decisions, such as selecting warm-up songs and welcome words to be displayed at the next game. PORTO can also be used to purchase Porto’s NFT blind box, and the NFT can then be used to stake on the Binance Fan Token platform to earn additional PORTO rewards.

Introduction

Loyal fans can now connect with their best friends in the crypto world in newer and more direct ways Interact with favorite sports teams and celebrities. Fan tokens are the latest trend, leveraging blockchain technology to create exclusive experiences for sports enthusiasts and fans.

What are Binance Fan Tokens?

Binance Fan Tokens are utility tokens associated with sports clubs, teams, celebrities or brands with large followings. Fan Token holders can enjoy unique fan perks, such as access to exclusive pre-sale event tickets, and collect special non-fungible tokens (NFTs). In some cases, they can also influence club-related decisions, such as the selection of new uniforms, entrance music, and more. The Binance Fan Token platform is an official partner of several football teams, including Lazio Football Club (LAZIO), Porto Football Club (PORTO), and Santos Football Club (SANTOS).

Unlike NFTs, Binance Fan Tokens are fully fungible tokens. As does BNB, Bitcoin (BTC), Ethereum (ETH) and other cryptocurrencies. Homogenization means that each token unit has the same value and utility.

What is Porto Fan Token (PORTO) and how does it work?

Founded in 1893, FC Porto has won the most international titles in the Portuguese Premier League and has achieved many impressive achievements across Europe, such as the UEFA Champions League. To incentivize supporters around the world, the club partnered with Binance in 2021 to launch the Porto Fan Token (PORTO).

PORTO is the second sports fan token issued through a token sale on Binance Launchpad. The token is a BEP-20 utility token on the BNB chain (formerly Binance Smart Chain, or BSC) with a total token supply of 40 million.

PORTO has several use cases for fan engagement within the Binance ecosystem. As a utility token, PORTO gives holders governance rights to participate in voting related to Portuguese football clubs. The more Fan Tokens you hold, the more influential your votes will be on fan-related decisions. For example, PORTO holders can select the team's warm-up song for an upcoming game, as well as a welcome message that is displayed during the game.

In addition to governance rights, token holders can use their PORTO to purchase Porto’s NFT blind box. These blind boxes contain neutral, rare, or ultra-rare NFTs from unique collections. For example, the first PORTO NFT collection features the team’s legendary goalkeeper.

PORTO NFTs are more than just digital collectibles. They can also be used for staking on NFT PowerStation, a novel gamification feature on the Binance Fan Token platform. By collecting the required NFTs, fans can grow their fan base and earn additional PORTO rewards. The longer fans stake NFTs, the higher the fan rewards they receive. NFTs can also be traded on the Binance NFT Market.

In the future, token holders will be able to use their PORTO for loyalty subscriptions such as earning special rewards and fan badges, participating in "meet and greet" events with team members, and receiving free commodity. Fans can also use PORTO to purchase match tickets and pay for memberships through Binance Pay on Porto’s e-commerce platform.

How to buy PORTO on Binance?

You can buy PORTO on cryptocurrency exchanges such as Binance.

1. Log in to your Binance account, enter [Trading], and select [Classic] or [Advanced] trading mode.

2. Click [BTC/USDT] to open the search bar. Type "PORTO" to view available trading pairs. We will use PORTO/USDT as an example.

3. Go to the [In Stock] box on the right and select your order type. For example, market order. Enter the quantity of PORTO you want to purchase and click [Buy PORTO] to place your order. Purchased PORTO will be deposited into your spot wallet.

Summary

Fan Tokens are driving a new era of fan experience by providing fans with novel channels to interact with their favorite teams. As the Binance Fan Token platform adds new use cases for fan tokens, PORTO is expected to bring even more exciting experiences to holders in the future.