FC Porto Fan Token (PORTO)The exchange rate of one PORTO at 14:01 UTC is 2.375$
The FC Porto Fan Token has been launched as the 23rd project on the Binance Launchpad. Similar to the last project, the Lazio fan token, the PORTO token will also provide its holders the freedom to participate in club activities by voting on decisions and gaining exclusive discounts.
Similar to sports fan tokens of many teams, the PORTO fan token’s main purpose is to provide governance power to its holders. Benefits like voting on kit colors, getting gifts like fan badges are offered to the holders of Porto tokens.
In more detail, the PORTO token is the 2nd sports fan token that is officially being launched on the Binance Launchpad. Before that, it was the FC Lazio fan token which was launched before and enjoyed a lot of traction from the platforms’ user base.
Particularly, the token surged to an all-time high of $35.77 and currently has over 7,000 holders as per BscScan. Other than Lazio, there are other successful fan tokens launched in the crypto world that include Paris Saint-Germain Fan Token (PSG) and Manchester City Fan Token (CITY).
As a consequence, with the growing popularity of sports fan tokens, the PORTO tokens will go through a guaranteed spike phase, however, price stability will be the major challenge.
As more sports fan tokens are being introduced in the world of crypto, it might give a chance to sports fans to have a say in the transfers of their football players as any major player transfer can boost the price of a token significantly, similar to what Lionel Messi’s transfer did to the PSG token.
The Porto token trading is not live on the Binance platform. If you’re interested in getting the Porto token, you have to lock your BNB coins for the subsequent final token allocation.
Once the BNB coins are committed, they cannot be accessed until the launch of the Porto token, which is on November 16th. Then the BNB balance of every potential user will be calculated and the final token allocation will be done.
Unique features of FC Porto Fan Token
1. Club interactions
The holders of PORTO tokens will enjoy an exclusive experience with the FC Porto football players. The nature of these interactions is not announced yet, however, it can be expected in the near future.
2. Participation in club activities
The Porto Fan Token holders will be able to cast their votes and participate in club activities like selecting kit colors for the next season and club anthems.
The price of the PORTO token will start at $1. When the PORTO fan token is launched, millions of Binance users are expected to start trading and using the token which can cause a great spike in the token’s price.
Since FC Porto is a popular club, this price spike can be a major one; it's because FC Porto is frequently seen in the most prestigious football club tournament in the entire world, which is the UEFA Champions League.
Another reason why the PORTO fan token’s price can hit the $15 mark is because of the huge popularity of the Binance Launchpad. Being the 23rd token project on the world’s largest cryptocurrency platform has its perks. This is because Binance holds a record in boosting any project that it lays its hands on.
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