Binance Launchpad has an exciting IEO coming up with the FC Porto (PORTO) fan token. Investors were able to realize 1,000 percent upside on the Lazio Fan Token via Binance Launchpad.
Binance is expanding its sponsorship in professional sports and is now also involved with the traditional Portuguese club FC Porto. According to a press release, Binance will become a jersey sponsor in the current season and – more importantly for investors – will launch the FC Porto fan token (PORTO) via IEO. The preparation phase for the initial sale of PORTO has begun and will run until November 16. During the IEO for the fan token Lazio Roma (LAZIO) in October, participants were able to purchase LAZIO for the equivalent of 1 US dollar and then resell it for 10 US dollars and more when the exchange was launched.
As usual, Binance Launchpad will first determine how much Binance Coin (BNB) you hold on average in your customer account for the IEO of Fan Token FC Porto until next Tuesday. Depending on this, you will then get the opportunity to release BNB for the purchase of PORTO on November 16 in the morning. Binance will then sell 4 million PORTO at $1 each in BNB and list Fan Token FC Porto afterwards. Experience shows that IEOs are oversubscribed many times on Binance Launchpad, which usually causes the price of launched coins to rise rapidly at the time of listing debut.
Like other fan tokens, the FC Porto fan token is intended to strengthen the bond between the club and its supporters. This includes exclusive fan merchandise as well as loyalty campaigns and online games. The “Dragões” are a solid force in Portuguese soccer with 29 championship titles with international ambitions. Apparently Binance plans to issue more Fan Tokens in the future, at least a special website has been activated for such Altcoins.
Conclusion: Fan Token PORTO at Binance, participation in the IEO is probably worthwhile
You don’t have to be a die-hard soccer fan to profit from the still relatively young Fan Token division at Binance. The example of Fan Token LAZIO has shown how such coins find their market. Binance Launchpad has established itself as the most important IEO platform in the crypto industry since the beginning of 2019 and has consistently brought high profits to early investors. Thus, active participation in the IEO for FC Porto Fan Token is recommended for all those who already hold BNB, in our view.