Subscription for the FC Porto Fan Token (PORTO) Token Sale on Binance Launchpad Is Now Open

2021-11-16 06:00

Fellow Binancians,

Subscription for the FC Porto Fan Token (PORTO) token sale on Binance Launchpad is now open and will remain open for 3 hours. Users can check their eligibility and commit their BNB to the FC Porto Fan Token (PORTO) token sale based on their past 10-day average BNB holdings. The BNB rate for the PORTO token sale has been set below.

Further information:

1 PORTO = 0.00163640 BNB or 1 USD (using a BNB price of 611.10 USD).
Users will have 3 hours to subscribe by committing their BNB tokens between 2021-11-16 06:00 AM (UTC) and 2021-11-16 09:00 AM (UTC). Users must also sign the PORTO Token Purchase Agreement prior to committing their BNB.
- The maximum amount of BNB that each user can commit has been calculated based on their past 10-day average BNB balance.
- Important: Only BNB in user spot wallets can be used to commit. If your BNB is in other accounts such as Launchpool or BNB Vault, you will need to redeem them to your spot wallet first before committing.
- Please note that once committed, your BNB will be locked and you will not be able to redeem or access any other functions such as transfers, withdrawals or trading until final token distribution.
After the subscription period ends at 2021-11-16 09:00 AM (UTC), the PORTO token allocation calculation will begin and will take a total of 1 hour.
The final PORTO token allocation results will be revealed at 2021-11-16 10:00 AM (UTC), at which point the respective BNB will be deducted from your already-locked BNB amount within 30 minutes. Once deducted, your PORTO and remaining BNB tokens will both be transferred to your spot wallet.
Reminder: There is a hard cap of 10,000 USD (10,000 PORTO or 16.3640 BNB) that can be allocated per user. For detailed calculation rules, click here.
The FC Porto Fan Token (PORTO) BEP-20 smart contract is available here.

After the subscription is complete, Binance will list FC Porto Fan Token (PORTO) in the innovation zone at 2021-11-16 12:00 PM (UTC) and open trading for PORTO/BTC, PORTO/USDT, PORTO/TRY and PORTO/EUR trading pairs.

Further Information:

Reminder: Users need to complete their account verification and also be from an eligible jurisdiction to participate in this token sale.

* Users from the following countries or regions will not be able to participate in token sales on the Binance Launchpad platform:

Belarus, People's Republic of China, Democratic Republic of Congo, Cuba, Iraq, Iran, North Korea, South Sudan, Sudan, Syria, United States of America and its territories (American Samoa, Guam, the Northern Mariana Islands, Puerto Rico, and the U.S. Virgin Islands), Zimbabwe.

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.

Thanks for your support!

Binance Team

2021-11-16

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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.