TL;DR
FC Porto Fan Token (PORTO) is a BEP-20 utility token from the football club FC Porto. The PORTO token was launched in 2021 through a Binance Launchpad sale and offers exclusive experiences and privileges to its fans and holders.
PORTO holders can participate in votes for decisions related to the club, such as choosing the warm-up music and the welcome message displayed at games. PORTO is also used to purchase FC Porto NFT Mystery Boxes. NFTs can be used for staking to earn extra rewards in PORTO tokens on the Binance Fan Tokens platform.
Introduction
Dedicated fans can now interact with their favorite celebrities and teams in a more innovative and direct way in the world of cryptocurrencies. Fan Tokens are the latest trend leveraging blockchain technology to create unique experiences for sports enthusiasts and fans.
What are Binance Fan Tokens?
Binance Fan Tokens are utility tokens associated with sports clubs, teams, celebrities and brands that have a large fan base. Fan Token holders can enjoy exclusive fan privileges such as exclusive access to ticket pre-sales and collections of Non-Fungible Tokens (NFTs). In some cases, they also have influence over club-related decisions, such as choosing new team uniforms, entrance music, and more. The Binance Fan Token Platform is an official partner of several football teams, including S.S. Lazio (LAZIO), FC Porto (PORTO) and Santos FC (SANTOS).
Unlike NFTs, Binance Fan Tokens are completely fungible tokens. Just like BNB, Bitcoin (BTC), Ethereum (ETH) and other cryptocurrencies. Being fungible means that every token unit has the same value and utility.
What is the FC Porto Fan Token (PORTO) and how does it work?
Founded in 1893, the football club FC Porto has won the most international titles in the Portuguese Primeira Liga and many other impressive achievements in Europe, such as the UEFA Champions League. To encourage its fans around the world, the club partnered with Binance in 2021 to launch the FC Porto Fan Token (PORTO).
PORTO is the second sports Fan Token launched through a Binance Launchpad token sale. It is a BEP-20 utility token on the BNB Chain (formerly Binance Smart Chain, BSC), with a total supply of 40 million tokens.
PORTO has several use cases related to fan and supporter engagement within the Binance ecosystem. As a utility token, PORTO provides its holders with rights to governance and participate in voting related to the Portuguese football club. The more fan tokens they have, the more influence their vote will have on these decisions. For example, PORTO holders can choose the team's warm-up music for a match, as well as the welcome message that will be displayed during the game.
In addition to governance rights, token holders can use PORTO to purchase FC Porto NFT Mystery Boxes. These mystery boxes contain neutral, rare, or super rare NFTs from an exclusive collection. For example, the first PORTO NFT collection featured the team's legendary goalkeepers.
PORTO NFTs are more than digital collectibles. They can also be used for staking on NFT PowerStation, an innovative gamification feature on the Binance Fan Token platform. By uploading the necessary NFTs, fans support the club and receive extra rewards in PORTO tokens. The longer NFTs remain on the platform, the greater the rewards. NFTs can also be traded on the Binance NFT Marketplace.
In the future, token holders will be able to use PORTO for subscriptions and loyalty plans, obtaining benefits such as special rewards and fan badges, free merchandise and access to “meet and greet” events with team players. Fans can also use PORTO to purchase game tickets and pay for subscriptions on FC Porto's e-commerce platform via Binance Pay.
How to buy PORTO on Binance?
It is possible to buy PORTO on cryptocurrency brokers such as Binance.
1. Log in to your Binance account and access the [Trade] menu. Select [Classic] or [Advanced] trading mode.
2. Click [BTC/USDT] to open the search bar. Enter “PORTO'' to view available trading pairs. In this example, we will use the PORTO/USDT pair.
3. In the [Spot] box on the right, select the order type. For example, a market order. Enter the quantity of PORTO you wish to purchase and click [Buy PORTO] to create the order. The PORTO balance purchased will be sent to your Spot Wallet.
Final considerations
Fan Tokens are driving a new era of experiences for fans and supporters, offering an innovative channel for them to interact with their favorite teams. With the addition of new features and use cases by the Binance Fan Tokens platform, PORTO is expected to bring even more exciting experiences to its holders in the future.
