Summary

• Binance Fan Tokens provide token holders with special benefits and privileges related to the team and brand. Sports clubs, teams, brands and other influential figures can use Binance Fan Tokens to grow their fan communities and reward Binance Fan Tokens to their supporters.
• Unlike non-fungible tokens (NFTs), Binance Fan Tokens are interchangeable. This means that each exclusive token is equal in all respects to another identical token, just like one Bitcoin is equal to another Bitcoin.
• Binance Fan Token holders can receive exclusive limited edition NFTs, exclusive voting rights on club affairs decisions, precious fan badges, and unique merchandise and experiences.
• Users can first purchase new Binance Fan Tokens through Binance Launchpad, or purchase the tokens through spot, P2P or credit/debit card after the Launchpad subscription is completed.

Introduction

Binance Fan Token promotes the integration of fan experience into the cryptocurrency field. The token facilitates the continued development of digital interactions on the blockchain. Binance is partnering with big-name teams and brands to bring fans closer to the teams and clubs they support.

What are Binance Fan Tokens?

Binance Fan Token is a utility token associated with a club, team or brand that provides token holders with exclusive fan privileges. For example, a football club could offer Binance Fan Token holders first access to tickets. Binance Fan Token holders can also gain voting privileges and participate in decision-making on club affairs, such as choosing new supplies, new slogans or the design of new jerseys.

The token is usually associated with a sports club, celebrity, or other entity with a large number of fans. Many clubs have issued their own exclusive tokens and circulated them on cryptocurrency trading platforms. Juventus, Roma and Barcelona are among them. While Bitcoin (BTC) and Ethereum (ETH) derive their value from underlying projects, Binance Fan Token’s value is based on the exclusive benefits it brings to fans.

For example, Lazio Fan Token (LAZIO). Through the Binance Fan Token platform, LAZIO provides fans of Lazio Football Club with exclusive decision-making opportunities for token holders. LAZIO fan token holders can cast a sacred vote in various "fan participation decision-making" polls released by football teams. In the future, users can also use LAZIO to collect non-fungible token (NFT) rewards and explore other gamification features.

Are Binance Fan Tokens non-fungible tokens?

In fact, there are differences between Binance Fan Tokens and non-fungible tokens. Non-fungible tokens are one-time collectibles that are unique and cannot be reproduced. Although teams that own Binance Fan Tokens may also mint NFTs, Binance Fan Tokens are essentially a fungible utility token. This means it is interchangeable with other Binance Fan Tokens of the same type. Just like a $1 banknote is indiscriminately interchangeable with any other $1 banknote. Select holders can use their Binance Fan Tokens to collect club-related NFTs.

What rewards and experiences can Binance Fan Token holders receive?

Once you hold Binance Fan Tokens, you can earn fan rewards and exercise exclusive fan privileges. The specific benefits available depend on the number of tokens you hold and the bonus content offered by the club or brand. Most Binance Fan Tokens will grant at least the following privileges:

1. Blind boxes and NFTs-You can use Binance Fan Tokens to purchase NFT blind boxes containing different treasures.

2. Voting Rights - If a club or team associated with Binance Fan Tokens invites fans to vote, token holders can participate through the governance mechanism. Voting could involve choosing the merchandise the team offers or the charity events and games they host.

3. Fan Badges - If Binance Fan Tokens interact with their team, then the chances of earning Fan Badges will increase. If you've collected enough Fan Badges, you can also win exclusive experiences with the club or brand.

Ways and methods to purchase Binance Fan Tokens

To purchase Binance Fan Tokens, you need to create one first A Binance account and complete the KYC verification process. If you already have an account, please log in directly.

For a selection of featured and upcoming Binance Fan Tokens, please visit the Binance Fan Token platform. There are many ways to buy Binance Fan Tokens:

1. Join the Binance Fan Token Launchpad (tokens are first listed here) and buy the latest Binance Fan Tokens.

2. Use cryptocurrency assets or cash to buy existing Binance Fan Tokens in the spot market. You can buy crypto assets or add a cash balance using a credit or debit card.

3. Purchase cryptocurrency assets from other users through the P2P market and exchange the assets for Binance Fan Tokens.

Binance App or official website provides all the above purchase methods and supports multiple payment methods. Once the purchase is completed, Binance Fan Tokens will be automatically transferred to your spot wallet.

Buy Binance Fan Tokens from Binance Launchpad

As a Binance token publishing platform, Binance Launchpad gives you the first access to new and upcoming projects. When a new team or brand lists tokens on the Binance Fan Token platform, Binance users can purchase these tokens through Launchpad.

After you find the Binance Fan Tokens you want to purchase, you need to pay Binance Coin to meet the requirements of the Launchpad subscription form. After the sale ends, you will receive tokens based on your share of the Binance Coins contributed by all participants. To ensure fairness, there is a cap on the number of tokens each person can receive. To learn more, check out our beginner’s guide: Getting started with Binance Fan Tokens.

Use Binance Fan Tokens to buy NFTs and blind boxes

Users can also use Binance Fan Tokens to obtain blind boxes. Limited edition NFT in a box. The blind box contains an exclusive NFT, and the mystery can only be revealed after opening the box. Blind boxes are cheap, giving Binance users the opportunity to obtain items with high collectible value at low prices. Working with Binance Fan Token partners, you can buy and bid on NFTs exclusive to Binance Fan Token holders.

Summary

The fan club mode is not a new method. But combining it with blockchain creates a new model for fans in the cryptocurrency economy. The more benefits a club like Lazio offers its fans, the greater the demand for Binance Fan Tokens. Tokenization once again provides exclusive benefits for fans to get involved and have fun.

Go to the Binance Fan Token platform to start experiencing the benefits your favorite club has for members. The platform will regularly update teams and new features, please check regularly and participate in Launchpads and various activities in a timely manner.

For more information, please see the FAQ.