Summary

• Binance Fan Tokens provide token holders with special benefits and privileges related to teams and brands. Sports clubs, teams, brands and other influencers can use Binance Fan Tokens to grow their fan communities and reward supporters with Binance Fan Tokens.

• Unlike non-fungible tokens (NFTs), Binance Fan Tokens are fungible. This means that each exclusive token is equal in all respects to another identical token, just like one Bitcoin is equal to another Bitcoin.

• Binance Fan Token holders can gain access to exclusive limited-edition NFTs, exclusive voting rights in club decision-making, valuable fan badges, and unique merchandise and experiences.

• Users can first purchase the new Binance Fan Token through Binance Launchpad, or purchase the token through spot, P2P or credit/debit card after the Launchpad subscription is completed.

Introduction

Binance Fan Token is driving fan experience into the cryptocurrency space. The token facilitates the continued development of digital interactions on the blockchain. Binance is working with big-name teams and brands to bring fans closer to the teams and clubs they support.

What are Binance Fan Tokens?

Binance Fan Token is a utility token tied to a club, team, or brand that provides token holders with exclusive fan privileges. For example, a football club could offer Binance Fan Token holders first access to tickets. Binance Fan Token holders can also gain voting privileges and participate in decision-making on club affairs, such as choosing new supplies, new slogans or the design of new jerseys.

The token is usually associated with a sports club, celebrity or other entity with a large number of fans. Many clubs have issued their own exclusive tokens and circulated them on cryptocurrency exchanges, including Juventus, Roma and Barcelona. While the value of Bitcoin (BTC) and Ethereum (ETH) comes from the underlying project, the value of Binance Fan Token is based on the exclusive benefits it brings to fans.

For example, Lazio Fan Token (LAZIO). Through the Binance Fan Token platform, LAZIO provides fans of Lazio Football Club with exclusive decision-making opportunities for token holders. LAZIO fan token holders can cast their votes in various "fan participation in decision-making" polls released by football teams. In the future, users can also use LAZIO to collect non-fungible token (NFT) rewards and explore other gamification features.

Are Binance Fan Tokens non-fungible tokens?

In fact, there are differences between Binance Fan Tokens and NFTs. Non-fungible tokens are one-time collectibles that are unique and cannot be reproduced. Although teams that own Binance Fan Tokens may also mint NFTs, Binance Fan Tokens are essentially a fungible utility token. This means it is interchangeable with other Binance Fan Tokens of the same type. Just like a $1 banknote is indiscriminately interchangeable with any other $1 banknote. Select holders can use their Binance Fan Tokens to collect club-related NFTs.

What rewards and experiences can Binance Fan Token holders receive?

Once you hold Binance Fan Tokens, you can earn fan rewards and exercise exclusive fan privileges. The specific benefits you can get depend on the number of tokens you hold and the rewards provided by the club or brand. Most Binance Fan Tokens will grant at least the following privileges:

1. Blind Boxes and NFTs - You can use Binance Fan Tokens to purchase NFT blind boxes containing different treasures.

2. Voting Rights - If a club or team associated with Binance Fan Tokens invites fans to vote, token holders can participate through the governance mechanism. Voting could involve choosing the merchandise the team offers or the charity events and games they host.

3. Fan Badges - If Binance Fan Tokens interact with their team, then the chances of earning Fan Badges will increase. If you've collected enough Fan Badges, you can also win exclusive experiences with the club or brand.

How to buy Binance Fan Tokens

To purchase Binance Fan Tokens, you need to first create a Binance account and complete the KYC verification process. If you already have an account, please log in directly.

For a selection of featured and upcoming Binance Fan Tokens, please visit the Binance Fan Token platform. There are many ways to buy Binance Fan Tokens:

1. Join the Binance Fan Token Launchpad (where tokens are listed first) and buy the latest Binance Fan Tokens.

2. Buy existing Binance Fan Tokens in the spot market with cryptocurrency assets or cash. You can buy crypto assets or add a cash balance using a credit or debit card.

3. Purchase cryptocurrency assets from other users through the P2P market and exchange the assets for Binance Fan Tokens.

The Binance App or official website provides all the above purchase methods and supports multiple payment methods. After the purchase is completed, the Binance Fan Tokens will be automatically transferred to your spot wallet.

Buy Binance Fan Tokens from Binance Launchpad

As the Binance token launch platform, Binance Launchpad allows you to be the first to get in touch with upcoming new projects. When new teams or brands list their tokens on the Binance Fan Tokens platform, all Binance users can purchase these tokens through Launchpad.

Once you have found the Binance Fan Tokens you want to buy, you will need to pay BNB to meet the Launchpad subscription form requirements. After the sale ends, you will receive tokens based on your share of the BNB contributed by all participants. To ensure fairness, there is a cap on the number of tokens each person can receive. For more information, please refer to our beginner's guide: Getting Started with Binance Fan Tokens.

Buy NFTs and blind boxes with Binance Fan Tokens

Users can also use Binance Fan Tokens to obtain limited edition NFTs in blind boxes. The blind box contains an exclusive NFT that can only be revealed after the box is opened. Blind boxes are inexpensive, giving Binance users the opportunity to obtain highly collectible items at a low price. Working with Binance Fan Token partners, you can purchase and bid on NFTs that are exclusive to Binance Fan Token holders.

Summarize

The fan club model is nothing new. But combining it with blockchain creates a new model for fans in the cryptocurrency economy. The more benefits a club like Lazio offers its fans, the greater the demand for Binance Fan Tokens. Tokenization once again provides exclusive benefits for fans to get involved and have fun.

Head over to the Binance Fan Tokens platform to start experiencing the benefits your favorite club has in store for its members. Check back regularly to see the team and new features, and participate in Launchpads and events.

For more information, please see the FAQ.