TL;DR
Alpine F1® Team Fan Token (ALPINE) is a BEP-20 utility token of the BWT Alpine F1® Team launched on the Binance Fan Token platform. Fans of the BWT Alpine F1® Team can purchase ALPINE tokens and use them in participating in team-related activities on the Binance Fan Token platform, to enjoy exclusive benefits and enrich their personal fan experience. By issuing the token, the BWT Alpine F1® Team is exploring new methods of fan engagement powered by blockchain technology.
Introduction
The BWT Alpine F1® Team made its debut at the start of the 2021 Formula One World Championship in the Formula 1 Gulf Air Bahrain Grand Prix. The team is the spiritual successor to the Renault F1® Team. This new venture promotes Renault Group’s classic racing and sports car brand, Alpine.
The team competes in the F1® Formula One World Championship with race winner Estaban Ocon and two-time world champion Fernando Alonso. Alpine also celebrated its maiden win at the Formula 1 Rolex Magyar Nagydij 2021. Racing fans of the BWT Alpine F1® Team can use their ALPINE token on the Alpine Fan Token Page to participate in the fun, engaging activities involving their team and get rewarded in the process.
What is the Alpine F1® Team Fan Token ecosystem?
The digital fan base of the BWT Alpine F1® Team currently exceeds 6 million across social media platforms. Powered by the Alpine F1® Team Fan Token, the BWT Alpine F1® Team brand identity can be boosted with increased fan engagement facilitated by the ALPINE token. Simply put, the ALPINE token allows millions of fans to take part in exclusive experiences and get access to exclusive discounts on merchandise. With the ALPINE token and all the fan engagement and benefits it brings, the ecosystem will grow with the increasing fan base and fan offerings.
What is ALPINE?
Named after the F1® racing team, ALPINE was first launched on the Binance Launchpad in February 2022 as the third Fan Token Launchpad project by Binance. The total token supply of ALPINE is 40 million, with 10% of the supply sold during the Binance Launchpad Sale.
ALPINE Fan Tokens are native BEP-20 tokens issued on the BNB Chain (formerly BSC). This means that the BEP-20 ALPINE tokens will be able to connect with other BSC-based decentralized exchanges (DEX) and decentralized applications (dApps). As a BEP-20 token, ALPINE enables users to enjoy low transaction fees and a 3-second block time.
Unlike NFTs, all Binance Fan tokens, including ALPINE, are fungible. This means that they can be exchanged for something else of the same value. ALPINE was designed to be fungible so that fans can exchange them for merchandise and experiences. However, ALPINE can also be exchanged for exclusive NFTs.
What can ALPINE tokens do?
ALPINE token holders can participate in fan engagement-related voting sessions on the Binance Fan Token platform. These voting sessions allow users to influence certain decisions of the team they support. Previous voting sessions include voting for the 2022 Alpine Esports jersey worn by drivers like Nicolas Longuet and voting for the Binance Alpine Esports livery and circuit used on the team’s simulator.
Holders have also been able to collect the exclusive Slipstream into the Future Mystery Box available in exchange for 3 ALPINE. This Mystery Box included a series of posters to collect, allowing holders to later stake in the NFT PowerStation for exclusive rewards.
ALPINE token holders also have access to other forms of engagement with the BWT Alpine F1® Team on the Binance Fan Token platform, including receiving signed merchandise, meet-and-greet sessions with the team drivers, and other fan-related events.
Apart from its engagement and voting opportunities, holders can also stake ALPINE in the NFT PowerStation. Through staking, they’ll be able to access digital collectibles and fan rewards.
In the future, ALPINE token holders will also be able to access multiple gamification features on the Binance Fan Token platform. A donation feature, where ALPINE token holders can directly donate to the team in exchange for a Proof-of-Loyalty badge, is also in the pipeline.
ALPINE can be accessed by both the BWT Alpine F1® Team fan base and the larger Binance user base. As such, ALPINE can be withdrawn from Binance like other BEP-20 tokens.
Closing thoughts
The Alpine F1® Team Fan Token is Binance’s first F1® Fan Token. As its fan base grows, the community can expect an expansion of ALPINE to include the following: Donations in ALPINE, Team Games, the currency for tickets and merchandise following the Fan Shop launch, and further integration of Fan Tokens into the BWT Alpine F1® Team ecosystem in different forms including membership and an e-commerce platform.