Binance is excited to announce the 26th project on Binance Launchpool - Santos FC Fan Token (SANTOS), a Binance Fan Token for Santos FC on Binance Smart Chain.
Users will be able to stake their BNB and BUSD into separate pools to farm SANTOS tokens over 30 days, with farming starting from 2021-11-27 00:00 AM (UTC).
Binance will then list SANTOS into the innovation zone at 2021-12-01 11:00 AM (UTC) and open trading with SANTOS/BTC, SANTOS/TRY, SANTOS/BRL and SANTOS/USDT trading pairs.
SANTOS Launchpool Details:
- Token Name: Santos FC Fan Token (SANTOS)
- Maximum token supply: 30,000,000 SANTOS
- Launchpool token rewards: 1,500,000 SANTOS (5% of maximum token supply)
- Initial Circulating Supply: 4,550,000 SANTOS (15.17% of maximum token supply)
- Smart Contract Address: SANTOS (BEP-20)
- Staking Terms: No upper limit. KYC required
- Stake BNB: 1,200,000 SANTOS in rewards (80%)
- Stake BUSD: 300,000 SANTOS in rewards (20%)
- Staking starts from 2021-11-26 01:00 PM (UTC)
- Farming Period: 2021-11-27 00:00 AM (UTC) to 2021-12-26 11:59 PM (UTC)
SANTOS Farming Distribution
|Dates (00:00:00 - 23:59:59 UTC each day)||Total Daily Rewards (SANTOS)||BNB Pool Daily Rewards (SANTOS)||BUSD Pool Daily Rewards (SANTOS)|
|2021-11-27 - 2021-11-30||187,500||150,000||37,500|
|2021-12-01 - 2021-12-26||28,846||23,077||5,769|
Read about Santos FC Fan Token (SANTOS) in our research report here.
- Snapshots of user balances and total pool balances will be taken each hour to calculate user rewards, which will also be updated each hour.
- Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their spot accounts at any time.
- Each pool’s annual percentage yield (APY) and total pool balance will be updated in real time.
- Tokens can only be staked in one pool at a time. For example, User A cannot stake the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B.
- Users will be able to unstake their funds at any time with no delay and participate in any other available pools immediately.
- Tokens staked in each pool and also any unclaimed rewards will be automatically transferred to each user’s spot accounts at the end of each farming period.
- BNB staked into Launchpool will still provide users with the standard benefits for holding BNB, such as airdrops, Launchpad eligibility and VIP benefits.
Fan Token Website: https://www.binance.com/en/fan-token/team-profile/santos
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.
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Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.