What Is FC Porto Fan Token (PORTO)? The 23rd Project On Binance Launchpad

Binance has announced the launch of FC Porto Fan Token (PORTO)The exchange will follow the Launchpad subscription format to issue PORTO, the time to record user BNB balances for 10 days from 2021-11-06 00:00 AM (UTC) to 2021-11-16 00:00 AM (UTC).

What is FC Porto Fan Token (PORTO)?

The FC Porto Fan Token is a BEP-20 utility token designed to revolutionize the fan experience for all FC Porto supporters. The token empowers FC Porto fans to participate in team voting polls, hunt digital collectibles, purchase NFTs, and enjoy gamification features that are tied with fan rewards or great experiences.

The PORTO token is issued on the Binance Smart Chain (BSC) as a native BEP-20 token, empowering FC Porto fans with broader accessibility, more functionalities, and lower transaction costs.

The maximum and total token supply of PORTO is 40,000,000. The circulating supply upon listing will be 7,800,000 (~19.50% of the total token supply).

Highlights

  • Blockchain Infrastructure: The PORTO token is issued on the Binance Smart Chain (BSC) as a native BEP-20 token. This provides greater accessibility to FC Porto fans, and enables a wide range of token functionalities at low transaction costs.
  • Token Utility: FC Porto Fan Token offers a variety of fan engagement options, including limited collectibles and integration with the Binance NFT Marketplace, engagement-based team rewards, exclusive privileges, voting rights, gamification, and special brand experiences.
  • Brand Identity: FC Porto currently boasts more than 8.2 million followers across its social networks. In partnership with the Binance ecosystem, the PORTO token can be accessed by both the FC Porto fan base and the entire Binance user base.

PORTO Token Sale Details:

  • Token Name: FC Porto Fan Token (PORTO)
  • Launchpad Hard Cap: 4,000,000 USD
  • Hard Cap Per User: 10,000 USD (10,000 PORTO)
  • Total Token Supply: 40,000,000 PORTO
  • Total Tokens Allocated to Binance Launchpad: 4,000,000 PORTO (10% of Total Token Supply)
  • Public Sale Token Price: 1 PORTO = 1 USD (price in BNB will be determined prior to subscription)
  • Token Sale Format: Subscription
  • Supported Sessions: BNB only

Token allocation

Binance Launchpad Sale: 10.00%
Team: 15.00%
Loyalty Subscription: 20.00%
User Fund: 35.00%
Developer Fund: 20.00%

Subscription Timeline:

  • Preparation Period 2021-11-06 00:00 AM (UTC) to 2021-11-16 00:00 AM (UTC): During this period, user BNB balances will be calculated in hourly snapshots for each day over a 10-day period. Your final average daily BNB balance over these 10 days will determine the maximum amount of BNB that you can commit later on.
  • Subscription Period 2021-11-16 06:00 AM (UTC) to 2021-11-16 09:00 AM (UTC): Subscription will open at this time for all eligible users for a 3 hour period. Users must also sign the Token Purchase Agreement at the same time, prior to committing their BNB. Please note that once committed, your BNB will be locked and you will not be able to redeem or access any other functions such as transfers, withdrawals or trading until final token distribution.
  • Calculation Period 2021-11-16 09:00 AM (UTC) to 2021-11-16 10:00 AM (UTC): Subscription closes and token allocation calculation begins.
  • Final Token Distribution 2021-11-16 10:00 AM (UTC): Your final token allocation will be calculated and the corresponding BNB will be deducted from your already-locked BNB amount. Once deducted, your PORTO and BNB tokens will both be transferred to your spot wallet.

Register Binance account here.

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