TL;DR

FC Porto Fan Token (PORTO) is the BEP-20 utility token of the football club FC Porto. PORTO launched in 2021 through sales on Binance Launchpad and provides experiences and privileges to fans and token holders.

PORTO owners can participate in voting for club-related decisions, such as choosing the warm-up song and welcoming message that will be displayed at the next match. PORTO can also be used to purchase FC Porto NFT Mystery Boxes. Then, the NFT can be used for staking to get additional PORTO rewards on the Binance Fan Token Platform.

Introduction

Dedicated fans can now interact with their favorite sports teams and celebrities in more innovative and direct ways in the crypto world. Fan tokens are a recent trend that leverages blockchain technology to create exclusive experiences for sports fans and enthusiasts.

What is Binance Fan Token?

Binance Fan Tokens are utility tokens associated with sports clubs, teams, celebrities, or brands with large fan bases. Fan token holders can enjoy unique fan privileges, such as accessing exclusive pre-sales for event tickets and collecting special Non-Fungible Tokens (NFTs). In some cases, they can also influence club-related decisions, such as choosing a new team uniform, entrance music, and more. The Binance Fan Token Platform is an official partner for several football teams, including S.S. Lazio (LAZIO), FC Porto (PORTO), and Santos FC (SANTOS).

Unlike NFTs, Binance Fan Tokens are fully fungible tokens. Just like BNB, Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies. Being fungible means that each unit of the token has the same value and utility.

What is FC Porto Fan Token (PORTO) and how does it work?

The FC Porto football club founded in 1893 has won most of the international titles in the Portuguese Premier League and many other impressive achievements in Europe, such as the UEFA Champions League. To incentivize its supporters around the world, the club partnered with Binance in 2021 to release the FC Porto Fan Token (PORTO).

PORTO is the second sports fan token released through a token sale on Binance Launchpad. PORTO is a BEP-20 utility token on BNB Chain (formerly Binance Smart Chain or BSC) with a total token supply of 40 million.

PORTO has several uses regarding fan engagement in the Binance ecosystem. As a utility token, PORTO grants its holders governance rights to participate in voting related to Portuguese football clubs. The more fan tokens you have, the more voting influence you will have on decisions regarding this fan. For example, PORTO owners can choose the team's warm-up song for the upcoming match as well as the welcoming message that will be displayed during the match.

Aside from governance rights, token holders can use their PORTO to purchase FC Porto NFT Mystery Boxes. This mystery box contains neutral, rare, or super rare NFTs from unique collections. For example, PORTO's first NFT collection features the team's legendary goalkeeper.

PORTO NFTs are more than just digital collectibles. These NFTs can also be used for staking on NFT PowerStation, an innovative gamification feature on the Binance Fan Token Platform. By charging the required NFTs, fans can strengthen their fandom and claim additional PORTO rewards. The longer NFTs are charged, the higher their fan rewards. NFTs can also be traded on the Binance NFT Marketplace.

In the future, token holders will be able to use PORTO for loyalty subscriptions, such as earning special rewards and fan badges, attending “meet and greet” events with team players, and receiving free merchandise. Fans can also use PORTO to purchase match tickets and pay for membership on FC Porto's e-commerce platform via Binance Pay.

How to buy PORTO on Binance?

You can buy PORTO on a crypto exchange, such as Binance.

1. Log in to your Binance account, then go to [Trading]. Select [Classic] or [Advanced] trading mode.

2. Click [BTC/USDT] to open the search bar. Enter “PORTO'' to see available trading pairs.. We will use PORTO/USDT as an example.

3. Open the [Spot] box on the right, then select the order type. For example, market orders. Enter the amount of PORTO you want to buy, then click [Buy PORTO] to place an order. PORTO purchased will be credited to your Spot Wallet.

Closing

Fan tokens usher in a new era of fan experience by offering an innovative channel for fans to interact with their favorite teams. With the addition of new uses for fan tokens on the Binance Fan Token Platform, PORTO is expected to provide a more engaging experience for its owners in the future.