Binance.com is a platform providing various products and services to global customers, which are subject to different laws and regulations in different jurisdictions. The invitation to register for Fan Tokens is not, and is not intended as, an invitation or inducement to invest in any other products or services on Binance.com.
1. Acceptance of Binance Fan Token Terms; Modification of Binance Fan Token Terms1.1 Welcome to the Binance Fan Token Platform, owned and operated by Binance Capital Management Group (“
Binance”, “
we”, “
us”, or “
our”). These terms and conditions (“
FT Terms”) constitute a legally binding agreement between Binance and each registered or unregistered end user (“
you” or “
your”) of the Binance Fan Token (BFT) Platform located at
https://www.binance.com/fan-token (or such other URL as may be designated by Binance from time to time), as well as any mobile apps or other related services or applications thereto (collectively, the “
Binance Fan Token Platform”).
1.2 The Binance Fan Token Platform is considered part of the “Binance Services” as defined in the Binance Terms of Use (“
Binance Terms”) set forth
here. The Binance Terms are also incorporated into these FT Terms. The FT Terms govern your use and access of the Binance Fan Tokens. In the event of a conflict between these FT Terms and the Binance Terms, the Binance Terms will prevail.
1.3 Please carefully review both these FT Terms and the Binance Terms. By accessing and using the BFT platform (including but not limited to purchasing tokens, voting, staking and purchasing NFTs), you are deemed to have read, accepted, executed and agreed to be bound by these FT Terms (including the Binance Terms that are incorporated in these FT Terms).
1.4 We may change or amend these FT Terms at any time at our sole and absolute discretion. Any changes to these FT Terms will be in effect as of the “last revised” date referred to at the top of this page. You acknowledge and agree that the form and nature of the FT Terms, and any part of it, may change from time to time, and that we may add new or remove existing features and change any part of the FT Platform. Any changes made to these terms will be notified to you through our communication channels.
1.5 If any provision of these FT Terms or the Binance Terms or any future changes are unacceptable to you, you should cease to use the Binance Fan Token Platform. Your continued use of the Binance Fan Token Platform following the posting of any notice of any change to these FT Terms shall constitute your acceptance and agreement to such change.
2. DefinitionsBinance refers to an ecosystem comprising Binance websites (whose domain names include but are not limited to
https://www.binance.com), mobile applications, clients, applets and other applications that are developed to offer Binance Services, and includes independently-operated platforms, websites and clients within the ecosystem.
Binance Account refers to the foundational virtual accounts, including main accounts and subaccounts, which are opened by Binance for users to record on Binance their usage of Binance Services, transactions, asset changes and basic information. Binance Accounts serve as the basis for users to enjoy and exercise their rights on Binance.
Binance Fan Token is a utility token which provides holders with certain benefits in relation to a particular Club or partner to which the Binance Fan Token is linked. This includes the ability to vote on certain Club decisions, as well as having access to exclusive Club rewards.
Binance Fan Token Launchpad is the exclusive Binance Fan Token Launch platform where tokens are listed and distributed between participating Binance users. BNB holders can commit an amount of BNB (based on their average BNB balance over a set period of days) towards a Binance Fan Token Launchpad and new tokens are allocated to participating users.
Binance Fan Token Platform or BFT Platform refers to the platform on which you can purchase, stake, trade, acquire NFTs and otherwise transact with Binance Fan Tokens.
Binance Fan Token Sale refers to the initial sale of a given Binance Fan Token, as described at paragraph 5 below.
Binance NFT Marketplace refers to the digital marketplace on which holders of Binance Fan Tokens can use those Binance Fan Tokens to purchase NFTs related to their Club.
Binance Services refer to various services provided to you by Binance that are based on Internet and/or blockchain technologies and offered via Binance websites, mobile applications, clients and other forms (including new ones enabled by future technological development). Binance Services include but are not limited to such Binance ecosystem components as Digital Asset Trading Platforms, the financing sector, Binance Labs, Binance Academy, Binance Charity, Binance Info, Binance Launchpad, Binance Research, Binance Chain, Binance X, Binance Fiat Gateway, existing services offered by Trust Wallet and novel services to be provided by Binance.
Binance Terms refers to the general Terms and Conditions for Binance, which can be found
here, and are incorporated by reference into these FT Terms.
BNB refers to Binance Coin, the native Digital Asset on the Binance network.
Club refers to any sports club which has partnered with Binance and has launched a Binance Fan Token.
Detailed Allocation Calculation and BNB Deduction Rules refers to the calculation method that Binance uses to assess the total amount of BNB that would be deducted from a user when they take part in a Token Sale on a Binance Platform. The process is outlined
here.
Digital Assets refer to Digital Currencies, their derivatives or other types of digitalized assets with a certain value.
Digital Currencies refer to encrypted or digital tokens or cryptocurrencies with a certain value that are based on blockchain and cryptography technologies and are issued and managed in a decentralized form.
FT Terms refers to these terms and conditions governing the Binance Fan Token.
Identity Verification refers to the system through which Binance will verify your identification before you are onboarded on to the Binance Fan Token Platform.
Maximum Purchase Transaction refers to the maximum number of Binance Fan Tokens that can be purchased in any given transaction, as described in paragraph 5.4.
Minimum Purchase Transaction refers to the minimum number of Binance Fan Tokens that can be purchased in any given transaction, as described in paragraph 5.4.
NFT means a Non-Fungible Token. These are a specific form of Digital Asset that are unique. These are described in more detail at paragraph 3.3.
NFT Media refers to certain digital media and art that the Club-specific NFTs relate to.
Trading Rules refer to the Binance website page that details the Minimum and Maximum Purchase Transaction amounts for all BNB markets, and can be accessed
here.
Identity Verification or KYC Procedures are designed to protect users’ accounts against the misuse of financial accounts such as fraud, corruption, money laundering, and terrorist financing. Binance requires users to complete Identity Verification to increase their account security and to access certain Binance Services and features.
3. Overview of the Binance Fan Token (“BFT”) Platform3.1 Once you agree to our mandatory KYC and go through
Identity Verification, the BFT Platform will provide you with the opportunity to purchase, stake, trade, acquire NFTs and otherwise transact with Binance Fan Tokens.
3.2 These Binance Fan Tokens have additional utilities that give Binance Fan Token holders the right to vote for their respective Clubs, provide access to extra VIP benefits, unlock fan badges, and acquire limited edition NFTs (amongst other things).
3.3 Binance Fan Tokens can also be used to acquire Club-specific non-fungible tokens (“NFTs”) linked to certain digital media and art (“NFT Media”). We facilitate transactions between buyer and seller of an NFT, but we are not a party to any agreement between buyer and seller of an NFT on the Binance NFT Marketplace.
3.4 We collect revenue on the Binance NFT Marketplace via transaction fees and other applicable fees, which we display when you interact with the Binance NFT Marketplace. For the avoidance of doubt, NFTs transacted on the Binance NFT Marketplace are considered “Digital Assets” as defined in the Binance Terms.
3.5 We reserve the right to be the final decision maker on any disputes arising from purchases via the Binance NFT Marketplace, including in connection with any auctions or other purchase methods.
3.6 We have no obligation or liability to you for keeping, storing, or helping to recover any NFT Media associated with your NFTs.
3.7 If you purchase an NFT, you own the NFT that is associated with certain NFT Media, but you do not own any intellectual property rights in such NFT Media except for the license grants expressly set out in these FT Terms. In certain cases, we may help to evaluate or provide you with information about a seller of an NFT. However, such information is provided for informational purposes only.
4. RISK DISCLOSURE4.1 By participating in a Binance Fan Token Launchpad, you are voluntarily choosing to engage in a Digital Asset transaction.
4.2 Digital Assets are a [very] high risk investment that can fluctuate widely in price and may even become worthless. They are not appropriate for all investors and you should consider whether they are suitable for you in light of your financial situation. You should only buy Digital Assets if you are prepared to accept the risk of losing all your initial investment.
4.3 You acknowledge that you are aware of the risk associated with the use of the Binance Services, participating in the Token Launchpad, purchasing, holding and trading of Binance Fan Tokens/collectible tokens/other Digital Assets and with engaging in transactions of distributed ledger technology assets, including but not limited to technology glitches (including but not limited to problems with blockchain technology and distributed ledger technology) and hacking.
4.4 We work hard to provide state-of-the-art systems and security. Nonetheless, certain issues and risks are unavoidable, and if such issues or problems arise in connection with the use of the Binance Services, including relating to the purchase of Binance Fan Tokens or collectible tokens in Token Launchpads, it may take days, weeks or months to resolve, and some issues may not be resolved at all.
4.5 The Binance Fan Tokens do not constitute securities of any form, units in a business trust, units in a collective investment scheme or any other form of regulated investment or investment product, in any jurisdiction. These FT Terms do not constitute a prospectus or offer document of any sort, and are not intended to constitute an offer of securities of any form, units in a business trust, units in a collective investment scheme or any other form of regulated investment or investment product, or a solicitation for any form of regulated investment or investment product in any such jurisdiction.
4.6 If you are in any doubt as to the action you should take, you should consult your legal, financial, tax or other professional advisor(s).
4.7 By agreeing to these FT Terms, you acknowledge that we are not responsible for the risks mentioned in this section, and you voluntarily assume and accept such risks in deciding to participate in the Binance Fan Token Launchpad and to purchase and/or trade tokens through the BFT Platform.
5. TOKEN SALE
5.1 GENERALYou may only access and purchase Binance Fan Tokens for your personal, non-commercial use of the Binance Services. Unless provided otherwise, participation in the Binance Fan Token Sale and the acquisition of Binance Fan Tokens from the BFT Platform are non-refundable events.
As set out below, all Binance Fan Tokens and other content are provided “as is,” without any warranty. You agree that all sales of Tokens and other Digital Assets by Binance to you are final and that we will not permit exchanges or refunds for any unused Binance Fan Tokens once the transaction has been made.
Generally, we have the right to offer, modify, eliminate, and/or terminate Binance Fan Tokens, the content, and/or the BFT Platform, or any portion thereof, at any time and without liability to you. If we discontinue the use of Binance Fan Tokens, we will provide at least 30 days’ advance notice to you by posting a notice through our official communication channels. We reserve the right to host Binance Fan Token sales on other platforms as we may determine at our sole discretion.
We reserve the right to issue additional terms and conditions applicable to specific Binance Fan Token Launchpads as may be decided by us at our sole discretion which shall be communicated to you in advance using appropriate communication channels as we may deem appropriate.
5.2 ELIGIBILITY TO PURCHASE TOKENSYou agree not to participate in any Binance Fan Token Launchpads if there are any legal restrictions that apply to you or the country in which you live. It is your sole responsibility to ensure that your participation in the Binance Fan Token Launchpad is not prohibited, restricted, curtailed, hindered, impaired or otherwise adversely affected in any way by any applicable law, regulation or rule in the country in which you live.
5.3 USER IDENTIFICATION PROCEDURES[Include our latest user verification process]
In order to be onboarded onto the Binance Fan Token Platform or to take part in any Binance Fan Token Sale we will require you to complete an
Identity Verification process.
For us to verify your identity, you will need to provide a valid government-issued picture identification document (e.g. a passport, drivers’ license or identity card), and perform a facial verification. You will receive the verification result to your specified email address within 1-3 business days.
Additionally, specific Binance Fan Token related activities, such as the withdrawal of Binance Fan Tokens, require one or more two-factor authentication (2FA) methods such as Google Authenticator, SMS verification, or email verification.
We reserve the right, in our sole and absolute discretion, to reject your intended purchase of Binance Fan Tokens if you are unable to provide such documents or information to our sole and absolute satisfaction. Only participants who have successfully satisfied the User Verification Procedures, to our sole and absolute satisfaction, shall be eligible to purchase and/or trade Tokens or make general use of the Binance Fan Token Platform.
5.4 MINIMUM AND MAXIMUM PURCHASE TRANSACTIONThe Minimum Purchase Transaction (“Minimum Purchase Transaction”) is the minimum amount which can be purchased in an individual transaction on the Binance Fan Token Platform as may be determined by us from time to time. Any purchase transactions below the Minimum Purchase Transaction shall be automatically rejected.
The Maximum Purchase Transaction (“Maximum Purchase Transaction”) is the maximum amount which can be purchased in an individual transaction on the Binance Fan Token Platform as may be determined by us. You may execute more than one (1) Maximum Purchase Transaction on the Binance Fan Token Platform, provided the due diligence and User Verification Procedures are satisfied.
We reserve the right to adjust, in our sole and absolute discretion, the Maximum Purchase Transaction and Minimum Purchase Transaction amounts at any time, whether for particular Token Launchpads or otherwise, and these changes shall be clearly communicated to you prior to placing any orders. The full list detailing the Minimum and Maximum Purchase Transaction is available under our Trading Rules
here.
6.1 All orders placed for the purchase of Binance Fan Tokens during the Binance Fan Token Launchpads are final and cannot be cancelled.
6.2 In order to take part in the Launchpad Subscription, you will commit an amount of BNB towards a Binance Fan Token Sale. Your final allocation of the new Binance Fan Token is determined by the ratio of your committed BNB against the total committed BNB by all participating users.
6.3 Following the end of the BNB commitment period is over, we will calculate your token allocation. Once your allocation is calculated, a portion of your locked BNB will be deducted in exchange for the number of Binance Fan Tokens calculated.
6.4 For more details on our Detailed Allocation Calculation and BNB Deduction Rules please refer to our corresponding FAQ
here.
7.1 Binance Fan Tokens grant holders voting rights to participate in governance and engagement polls for the associated Clubs and partners, as well as any other rights that may be determined by Binance or the relevant Club or partner from time to time.
7.2 Binance Fan Tokens will allow the holders to cast votes in the periodic voting polls. When a Binance Fan Token holder holds multiple Tokens, such holder’s vote will have a greater weighting, but the precise weighing of the voting rights is subject to the Club/partner and the specific poll’s instructions.
7.3 In order to prevent the manipulation and control of polls by a single Binance Fan Token holder, each Binance Fan Token holder will be entitled to only one (1) voting right per poll, regardless of the number of Binance Fan Tokens they hold.
7.4 In the case that a poll is capped at a maximum number of permissible votes per Binance Fan Token holder, then you will be informed before exercising your vote. The holder of a Binance Fan Token belonging to a Club or partner will always be entitled to a minimum of one (1) vote in the respective Club’s or partner’s poll.
7.5 Binance Fan Tokens are not extinguished after use and if you hold a Binance Fan Token you may continue to participate in the relevant polls for as long as you hold a Binance Fan Token.
7.6 Polls may be of a binding or non-binding nature. In case of binding polls, the Club or partner is obliged to carry out the result of the final poll except in exceptional cases. For clarity, “exceptional cases” means any circumstance beyond the reasonable control of the Club or partner, rendering the performance and/or obligations of the Club or partner impossible.
7.7 Polls are subject to time limits after which no more voting on that particular poll will be allowed.
7.8 Following participation in a Club/partner’s poll, the Binance Fan Token Holder’s Tokens for that Club/partner will be temporarily locked and unavailable for trading on the marketplace until the voting period of the Poll has lapsed.
7.9 The Binance Fan Token may lose its voting right and, therefore, the use of the particular Binance Fan Token will become limited and may also lose value upon the expiration of the Club’s or partner’s agreement, or in any other case where the partnership with such Club/partner is terminated for whatever reason.
7.10 Unless communicated otherwise by us, the relevant Binance Fan Token may still be kept in your Binance wallet or traded on the Binance Fan Token platform as you may decide. In no case shall we or the relevant Club/partners be held liable for any losses, expenses or any other damages incurred by you as a result of such termination of the partnership.
7.11 You acknowledge and agree that the Binance Fan Token does not:
(A) grant you any ownership rights of the Club to which it relates, nor any right to participate in dividends or in the winding-up of the company in the event of administration;
(B) create nor acknowledge any indebtedness by the Club to you, and does not entitle you to receive any payments of interest or equivalent;
(C) entitle you to any other investment of any kind; or
(D) grant you any right or obligation to acquire or dispose of any other security or contractually based investment, nor confirm that any property will be delivered by any party at any date in the future.
7.12 Further, you acknowledge and agree that neither the Binance Fan Token, nor any proceeds received by Binance or the Club from their purchase, are managed by any party in order to generate any profit or income from which you may benefit.
8. Verification and Payment8.1 When you carry out a transaction on the BFT Platform, including, without limitation, any purchase of NFTs, you must provide and maintain valid payment information in connection with your Binance Account (as defined in the Binance Terms) with us. You represent and warrant that you are authorized to use the payment method you use to make any purchase.
8.2 You authorize us to charge your payment method for the total amount of your purchase price. Your order may be suspended or cancelled for any reason, including if the payment method cannot be verified, is invalid or is otherwise not acceptable. Other payment terms for purchases are set forth in the relevant sections of the Binance Terms.
8.3 You are solely responsible to pay any and all sales, use, value-added and other taxes, duties, and assessments associated with your use of the BFT Platform or NFTs (except taxes on our net income or income taxes levied on us as a result of such purchases of NFTs) whether now, or claimed or imposed by any governmental authority at a later date.
9. Limitation of liability9.1 In no event shall Binance, its affiliates and service providers, or any of their respective officers, directors, agents, joint venturers, employees or representatives, be liable:
(A) for any amount greater than the value of the Digital Asset or Binance Fan Token on deposit in your digital wallet(s); or
(B) losses that were not foreseeable to both parties when this agreement was entered into; or
(C) losses that were not caused by any breach on the part of Binance;
whether based in contract, tort, negligence, strict liability, or otherwise, arising out of or in connection with authorized or unauthorized use of the Binance Fan Token site or the Binance Services, or this agreement, except to the extent that such damages were a result of our gross negligence, fraud, wilful misconduct or intentional violation of law.
9.2 The Binance Services are provided on an "as is" and "as available" basis without any representation or warranty, whether express, implied or statutory. To the maximum extent permitted by applicable law, we specifically disclaim any implied warranties of title, merchantability, fitness for a particular purpose and/or non-infringement.
9.3 We do not make any representations or warranties that access to the site, any part of the Binance Services, or any of the materials contained therein, will be continuous, uninterrupted, timely, or error-free.
10. NFT Ticketing (EPI Discount Codes)10.2 This discount code is only valid for one time redemption.
10.3 Users with no KYC can claim discount codes upon successful claiming of Lazio NFT season tickets.
10.4 The discount code is valid from 21/07/2022 to 05/06/2023.
10.5 Once the discount is redeemed it is not possible to use or obtain a replacement code. This includes, but is not limited to, the following cases: refund, misuse, code lost or hacked, wrong size of merchandise, technical errors and other cases.
10.6 Binance reserves the right to cancel or amend the NFT ticketing rules at our sole discretion.
10.7 Where any discrepancies arise between the translated versions and the original English version, the English version shall prevail.
11. NFT Ticketing (Europa League Discount Codes)11.1 Discount code is valid for the following website only:
https://www.sslazio.it and it cannot be used in combination with other discounts or promotions.
11.2 Users with no KYC are able to claim discount codes upon successful claiming of Lazio NFT season tickets.
11.3 This discount code is only valid for one time redemption.
11.4 For the Europa League group stage bundle, the NFT season ticket will only be valid for the first 3 S.S. Lazio Home matches. The fixture dates will be released by UEFA and they are the only ones responsible for announcing, managing and changing the match dates.
11.5 Once the discount is redeemed it is not possible to use or obtain a replacement code. This includes, but is not limited to, the following cases: refund, misuse, lost code or hacked, wrong size of merchandise, technical errors and other cases.
11.6 Binance is only responsible for the distribution of the discount codes, and declines any responsibility for the product/services purchased. It is advised for the users to check the T&C of the service provider.
11.7 We are committed to providing all ticket holders with a safe and enjoyable experience. As such, there may be specific vaccination, masking and pre-event testing requirements, which may vary depending on different venues.
11.8 Binance reserves the right to cancel or amend the NFT ticketing rules at our sole discretion.
12. NFT Ticketing (LAZIO Fan Token)12.1 Only users who complete KYC will be able to claim LAZIO Fan Token rewards upon successful claiming of Lazio NFT season ticket.
12.2 Binance reserves the right to cancel or amend the NFT ticketing rules at our sole discretion.
12.3 Where any discrepancies arise between the translated versions and the original English version, the English version shall prevail.
Risk Reminder Participants understand the risks involved in digital assets trading (including digital currencies, their derivatives or other types of digitalized assets with a certain value) and all users are recommended to exercise prudence and trade responsibly within their own capabilities. Binance does not take responsibility for any trading behaviors resulting in direct or indirect losses.
