Binance Football Fan Token Index is a cryptocurrency price index that tracks the market performance of certain football club Fan Tokens listed on the Binance Spot market. The Index is calculated by a formula that uses the weighted averages of the real-time prices of the relevant Fan Tokens constituting the Index, as published on the Binance Spot market, denominated in USDT.
The base level of the Index is 1,000 as of the Index Base Date.
The constituents of the Binance Football Fan Token Index are the top Football Club Fan Tokens (by market capitalization) listed on the Binance Spot market. For information on the latest Fan Tokens included as constituents of the Binance Football Fan Token Index, go to the Futures Index and click [Index]. Select [Symbol] - [FOOTBALLUSDT] - [Type] - [Price Index]. Then scroll down and click [Component Info].
5. Index Calculation*
The Binance Football Fan Token Index is calculated by reference to the weighted average prices of the Fan Tokens that constitute the Index, e.g., SANTOS/USDT, PORTO/USDT, LAZIO/USDT, etc.
The Index formula is as follows:
This formula ensures a continuous change of Index constituents/weight and that the price of the Index is only affected by a change to the underlying constituents’ price.
The divisor on the Index Base Date is:
And at each Report Time t:
The weight of each constituent of the Index is calculated by a weighting factor (the weight will remain unchanged between Index rebalances):
The weighting method for the Binance Football Fan Token Index is market cap weighting with a weighting factor calculated as follow:
5.4 20% Cap of Weight
For constituents whose weight is < 20%:
count_capped = count of constituents whose weight is capped at 20%
sum_non_capped = sum of all market cap of constituents whose weight is < 20%
The following table shows an example of how the Binance Football Fan Token Index
is calculated. NOTE: The figures in the following table are illustrative only and may not be reflective of the current constituents, values, and/or weightings of the Index as in effect at any point in time. Please refer to the live Index page for up-to-date data (“component info” tab).
Market Cap ($)
Weight in %
Weight in % (20% capped)
Santos FC Fan Token
FC Porto Fan Token
S.S. Lazio Fan Token
Paris Saint-Germain Fan Token
FC Barcelona Fan Token
Manchester City Fan Token
AC Milan Fan Token
Atletico De Madrid Fan Token
AS Roma Fan Token
Juventus Fan Token
The launch date of Binance FOOTBALLUSDT symbol is 2022-09-01 3:00 UTC, the first rebalance date is 2022-09-08.
6.1 Regular Rebalances
The Index constituents and their weights will be automatically rebalanced every Thursday at 08:00:00 UTC to adapt to changes in the market and to reflect the respective fluctuation of each constituent’s Market Cap in the Index. For more details about weight rebalancing, please refer to section 5.3 (Weight) above.
6.2 Special Adjustments
Special adjustments are deemed necessary when one or several constituents face drastic changes (e.g., delisting or no organic volume). Binance will keep users informed of future Index adjustments.
Two kinds of special adjustments can occur:
Exclusion of an existing constituent and recalculation of the weights (and Divisorst) for the remaining constituents; or
Exclusion of an existing constituent and replacement with a different Football Fan Token listed on Binance Spot market, where recalculation would also be needed, which will involve the index to be rebalanced
6.3 Hard Fork/Airdrop/Mapping Adjustment
The Binance Football Fan Token Index, which is based on blockchain technology, will be adjusted for hard fork/airdrop/mapping following these guidelines:
No adjustments needed for soft forks or hard forks that do not generate new tokens;
For hard forks/airdrops that create a new token, the new token should be included in the Index with the same weighting as was given to the original token and excluded on the next regular rebalance if sample selection criteria** are not met; and
For airdrops/mappings which lead to a token being replaced by new tokens, especially for split/reverse split occasions, the existing token should be replaced by the new token(s) with the weight adjusted according to the split ratio.
*Disclaimer: The formulas detailed in this article are subject to change without further notice. Please refer to the English version of this FAQ for the most updated formulas. **Being amongst the top Football Fan Tokens by market capitalization and listed on the Binance Spot Exchange.