What is Lazio Fan Token (LAZIO)? The 22th Project On Binance Launchpad
Binance has announced the launch of Lazio Fan Token (LAZIO). The exchange will follow the Launchpad subscription format to issue LAZIO, the time to record user BNB balances for 7 days from 2021-10-14 00:00 AM (UTC) to 2021-10-21 00:00 AM (UTC).
What is Lazio Fan Token
The Lazio Fan Token is a BEP-20 utility token designed to revolutionize the fan experience for all S.S. Lazio supporters. The token empowers S.S. Lazio 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 LAZIO token is issued on the Binance Smart Chain (BSC) as a native BEP-20 token, empowering S.S. Lazio fans with broader accessibility, more functionalities, and lower transaction costs.
LAZIO is the official Binance Fan Token for S.S. Lazio and is used in the following functions:
Engagement: LAZIO token holders have the right to participate in the fan engagement-related voting sessions on the Binance Fan Token platform.
Loyalty Subscription: LAZIO token holders will be able to use LAZIO tokens to subscribe for fan rewards, digital collectibles, loyalty points, and more.
E-commerce: LAZIO token can be incorporated into S.S. Lazio’s potential future e-commerce ecosystem and be used as payment for merchandise, matchday tickets, memberships, and more by leveraging Binance Pay.
Benefits: LAZIO token holders can get once-in-a-lifetime benefits by engaging with S.S. Lazio on the Binance Fan Token Platform, including signed merchandise, meet and greet with a football player or legend, 1-1 phone call with team members, a training session with the first team, etc.
Gamification: LAZIO token holders will be able to access multiple gamification features on the Binance Fan Token Platform.
Donation: LAZIO token holders will be able to donate directly to their loved team and get a proof-of-loyalty badge.
Project Key Highlights
- Blockchain Infrastructure: The LAZIO token is issued on the Binance Smart Chain (BSC) as a native BEP-20 token. This provides greater accessibility to S.S. Lazio fans, and enables a wide range of token functionalities at low transaction costs.
- Token Utility: LAZIO 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: S.S. Lazio currently has more than 1.5 million supporters in Italy, and a digital fan base exceeding 2.5 million followers across their social networks. In partnership with the Binance ecosystem, the LAZIO token can be accessed by both the S.S. Lazio fan base and the entire Binance user base.
- Token Name: Lazio Fan Token (LAZIO)
- Launchpad Hard Cap: 4,000,000 USD
- Hard Cap Per User: 20,000 USD (20,000 LAZIO)
- Total Token Supply: 40,000,000 LAZIO
- Total Tokens Allocated to Binance Launchpad: 4,000,000 LAZIO (10% of Total Token Supply)
- Public Sale Token Price: 1 LAZIO = 1 USD (price in BNB will be determined prior to subscription)
- Token Sale Format: Subscription
- Supported Sessions: BNB only
Binance Launchpad Sale: 10.00%
Loyalty Subscription :20.00%
User Fund: 35.00%
Developer Fund: 20.00%
- Preparation Period 2021-10-14 00:00 AM (UTC) to 2021-10-21 00:00 AM (UTC): During this period, user BNB balances will be calculated in hourly snapshots for each day over a 7-day period. Your final average daily BNB balance over these 7 days will determine the maximum amount of BNB that you can commit later on.
- Subscription Period 2021-10-21 06:00 AM (UTC) to 2021-10-21 10:00 AM (UTC): Subscription will open at this time for all eligible users for a 4 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 2021-10-21 10:00 AM (UTC) to 2021-10-21 11:00 AM (UTC): Subscription closes and token allocation calculation begins.
- Final Token Distribution 2021-10-21 11:00 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 LAZIO and BNB tokens will both be transferred to your spot wallet.
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