What is the Santos FC Fan Token (SANTOS)?
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What is the Santos FC Fan Token (SANTOS)?

What is the Santos FC Fan Token (SANTOS)?

Intermediate
Zverejnen├ę Nov 21, 2022
4m

TL;DR

The Santos FC Fan Token (SANTOS) is a BEP-20 utility token of Brazilian football club Santos FC. Fans of the club can purchase SANTOS to enjoy exclusive benefits and enrich their personal fan experience. By issuing the token, Santos FC hopes to explore new methods of fan engagement powered by blockchain technology.

Introduction

Founded in 1912, Santos FC is the club with the most goals scored in the history of world football. Over the years, the team has produced star players such as Pel├ę, Diego Ribas, Pepe, and Rodrygo, among many others.

Santos FC currently boasts more than six million supporters in Brazil, and a digital fan base exceeding 10 million followers across their social networks. Thanks to its partnership with Binance, the SANTOS token can be accessed by both Santos FC fans and the entire Binance user base.

What is the Santos FC Fan Token ecosystem?

The Santos FC Fan Token is a BEP-20 utility token designed to revolutionize the fan experience for all Santos FC supporters. This will be BinanceÔÇÖs inaugural Binance Fan Token launch in the Latin America (LATAM) market, as well as the first Binance Fan Token Launchpool project.

The token empowers Santos FC fans to participate in team voting polls, hunt for digital collectibles, purchase NFTs, and enjoy gamification features tied to fan rewards and great experiences.

The Santos FC Fan Token aims to reshape the relationship between Santos FC and its fans by providing crypto-powered one-stop engagement and governance solutions that leverage the Binance Fan Token Platform.

Binance Fan Tokens further empower Santos FC fans by offering them exciting and revolutionary ways to engage and grow with their favorite team. The club is also able to incorporate the utility token into its ecosystem, enabling voting, donations, e-commerce, NFT purchases, and more

What are SANTOS Fan Tokens?

The maximum and total token supply of SANTOS is 30,000,000. The circulating supply upon listing will be 4,550,000 (15.17% of the total token supply).

SANTOS Fan Tokens are native BEP-20 tokens issued on the BNB Smart Chain (formerly BSC). This means the tokens will be able to connect with other BSC-based decentralized exchanges (DEXs) and decentralized applications (dApps). As a BEP-20 token, SANTOS enables users to enjoy low transaction fees and three-second block times.

Unlike NFTs, all Binance Fan tokens ÔÇö including SANTOS ÔÇö are fungible. This means they can be exchanged for merchandise and experiences of the same value. However, SANTOS can also be exchanged for exclusive NFTs.

What can SANTOS tokens do?

 SANTOS is the official Binance Fan Token for Santos FC and is used for the following purposes:

  • Engagement: SANTOS token holders have the right to participate in fan engagement-related voting sessions on the Binance Fan Token platform.

  • Loyalty subscription (PowerStation): SANTOS token holders can commit their Santos FC NFTs for fan rewards, digital collectibles, fan power points, and more.

  • E-commerce: SANTOS can be incorporated into Santos FCÔÇÖs e-commerce ecosystem and used to buy merchandise, matchday tickets, memberships, and more by leveraging Binance Pay.

  • Benefits: SANTOS token holders can enjoy once-in-a-lifetime benefits by engaging with Santos FC on the Binance Fan Token Platform. These benefits include signed merchandise, and meet-and-greet sessions with┬á Santos FC players and legends (among other experiences).

  • Gamification: SANTOS token holders are allowed access to multiple gamification features on the Binance Fan Token Platform.

  • Donation: SANTOS token holders will be able to donate directly to their beloved team and earn a proof-of-loyalty badge for doing so.

How to buy SANTOS on Binance?

You can buy Santos FC Fan Tokens (SANTOS) on cryptocurrency exchanges like Binance.

1. Log into your Binance account and click [Trade]. Select either the classic or advanced trading mode to start.

2. Type ÔÇťSANTOSÔÇŁ in the search bar to see the available trading pairs. We will use SANTOS/BUSD as an example.

3. In the [Spot] box, enter the amount of SANTOS you want to buy. In this example, we will use a market order. Click [Buy SANTOS] to confirm your order, and the purchased SANTOS will be credited to your Spot Wallet.

Closing thoughts

As SANTOSÔÇÖ user base grows, the community can expect SANTOSÔÇÖ uses to expand and cover donations in SANTOS, team games, and payment for tickets and merchandise once the Fan Shop has launched. There will also be further integration of SANTOS into the SANTOS ecosystem in different forms, including membership and an e-commerce platform.











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