Binance is Launching Lazio Fan Token’s Sale

There is great news for the avid supporters of the S.S. Lazio: Binance is launching Lazio Fan Token. Fan Tokens, a type of governance token, have been around for a while and they have been growing in numbers not only in the sports industry but also in the music sector. This form of cryptocurrency has enabled many fans to become more engaged with the group they had been following through unique membership perks.

They are also looking into the potential of this fan token in the crypto currency trading market since their value may rise according to the demand of the fans. That is why both fans of the S.S. Lazio and cryptocurrency traders are thrilled to get their hands on the Lazio Fan Token from Binance, which will be available very soon.

Similar to other Fan Tokens, Lazio Fan Tokens are interchangeable with different kinds of fan benefits such as VIP membership experiences, merchandise, voting rights, and more. Unlike Bitcoin and Ethereum, the Lazio Fan Token’s worth will be determined by how much the fans value the Italian Football team. Its value is also measured by how much their fanbase can give importance to having access to its promised membership benefits. In addition, the Lazio Fan token holders will have more prestige which sets them apart from a typical S.S. Lazio supporter.

The S.S. Lazio has recently announced their collaboration with Binance in creating the Lazio Fan token through a press release on the Italian Football team’s official website. According to the press release, their collaboration is contracted to last for two years. They also had the option to extend their contract for another year if both parties agreed. Furthermore, Binance will also be the new main jersey sponsor of the team. The new jerseys will make their debut in the upcoming matches of the S.S. Lazio.

How Does It Work? 

LAZIO is a governance token, meaning it provides the token holder the power to make certain decisions in the fan club. This power includes voting rights to proposals made by the S.S. Lazio Fanclub on merchandise, fan events, and more. Additionally, LAZIO token holders are guaranteed exclusive rewards, loyalty points, personal privileges, engagements, and more to be announced in the future. It is also known that the more LAZIO fan tokens you have, the more benefits you gain. 

What Are The Key Features of Lazio?

LAZIO’s key features revolve around engagement, loyalty subscription, e-commerce perks, gamification, donation, and other once-in-a-lifetime benefits. Aside from voting privileges in all the club’s poll sessions in the Binance Platform, LAZIO fan token holders are entitled to loyalty subscriptions of must-have merchandise, digital collectibles, loyalty points, and even NFTs. They can also make donations to the football team and get a loyalty badge from them. 

Furthermore, the S.S. Lazio management is planning to incorporate the token as a form of payment for the team’s future merchandise and matchday tickets. They also promised unbelievable experiences to those who purchase the official fan token. These once-in-a-lifetime experiences include 1-on-1 meetings and training sessions with the S.S. Lazio football players, signed merchandise, and so much more. Other benefits will be disclosed once the LAZIO Fan token is launched by Binance on October 21st.

What Is Its ICO? 

The initial coin offering (ICO) for 1 LAZIO will start at $1 USD Each user can purchase up to 20,000 LAZIO as its hard cap as set by the Binance Launchpad. The $1 USD price is predicted by cryptocurrency analysts to rise to $10 USD after its release.

How many tokens are in circulation? 

LAZIO Fan Token will have a total token supply of 40,000,000 LAZIO. 10% of this will be allocated to the Binance Launchpad sale which is only 4,000,000 LAZIO. This means that with its ICO of $1 USD, Binance is set to raise 4 million US dollars with the initial sale of the fan token. In addition, 15% of the total LAZIO token supply will be given to the team while 20% will be provided for loyalty subscriptions. 

Another 20% of the 40,000,000 LAZIO will be granted to the developer fund, and the last 35% will be allotted to the user fund. Binance also shared that the tokens will not be released all at once. They will be progressively unlocked every year in October after its official launching in 2021. 

How To Take Lazio Token Fan

As mentioned, the official launch date of the LAZIO fan token on Binance is October 21st, 2021. S.S. Lazio supporters can purchase their LAZIO fan token through Binance’s platform. However, fans can pledge their Binance coins seven days before the official launch date starting on October 14th. The BNB user balance will also be recorded by Binance during the said period until October 21st.

Conclusion

In launching the LAZIO Fan Token, Binance and the S.S. Lazio’s management team hope this project will replicate the success of other fan tokens available in the cryptocurrency market. They are anticipating that LAZIO will join the ranks of other sports fan tokens such as CITY and PSG. Furthermore, their projections are not far-fetched because of the performance of the S.S. Lazio in their past matches. In addition, the Rome-based football team is getting more and more recognition all over the world. With the presence of the LAZIO Fan token, football fans from different areas of the world will be able to show stronger support and be able to access privileges only top fans can acquire.

* We hope this information will help you in your investment process, but this is not investment advice. Every investment carries risk, especially in this industry, so DYOR before making a decision.