What is Lazio Fan Token (LAZIO) IDO? 22th Project on Binance Launchpad

Binance has announced the launch Lazio Fan Token (LAZIO). The exchange will follow the Launchpad subscription format to issue LAZIO, the time to record users’ BNB balances for 7 days from 2021-10-14 00:00 (UTC) to 2021-10-21 00:00 ( UTC).

What’s this Lazio Fan Token

The Lazio Supporter Token is a BEP-20 utility token that is intended to revolutionize the fan experience for all SS Lazio supporters. The token allows SS Lazio fans to take team polls, search for digital collectibles, purchase NFTs, and enjoy game features that come with fan rewards or great experiences.

The LAZIO token is issued on Binance Smart Chain (BSC) as a native BEP-20 token and enables SS Lazio fans wider accessibility, more functionality and lower transaction costs.

LAZIO is the official Binance Fan Code for SS Lazio and is used in the following functions:

Engagement: LAZIO token holders have the right to participate in voting sessions in connection with fan interaction on the Binance fan token platform.

Register for loyalty: LAZIO token holders can use LAZIO tokens to register for fan rewards, digital collectibles, loyalty points, etc.

E-commerce: The LAZIO token can be integrated into SS Lazio’s potential future e-commerce ecosystem and used as a means of payment for goods, matchday tickets, memberships, etc. Use Binance Payout.

Services: LAZIO token holders can get one-time benefits by interacting with SS Lazio on the Binance fan token platform, including signed goods, meetings with a football player or legend, 1-1 phone calls with team members, training sessions with the first team etc.

Gamble: LAZIO token holders can access many game functions on the Binance fan token platform.

Donate: LAZIO token holders can donate directly to their favorite group and receive a loyalty card.

Main highlights of the project

• Blockchain infrastructure: The LAZIO token is issued on the Binance Smart Chain (BSC) as a native BEP-20 token. This offers SS Lazio fans better accessibility and enables more token functionality with low transaction costs.
• Token widget: LAZIO Lover Token offers a variety of fan engagement options, including limited-edition collectibles and integration with the Binance NFT Marketplace, engagement-based team rewards, perks, voting rights, games and distinctive branded experiences.
• Brand perception: SS Lazio currently has over 1.5 million supporters in Italy and a digital fan base that has over 2.5 million followers on their social networks. Working with the Binance ecosystem, the LAZIO token can be accessed by both the SS Lazio fan base and the entire Binance user base.

Details on the sale of LAZIO tokens:

• Token name: Lazio Fan Token (LAZIO)
• Launchpad hard cap: $ 4,000,000
• Fixed cap per user: $ 20,000 (20,000 LAZIO)
• Total amount of tokens: 40,000,000 LAZIO
• Total number of tokens allocated to the Binance Launchpad: 4,000,000 LAZIO (10% of the total token offer)
• Public Sale Token Price: 1 LAZIO = 1 USD (price in BNB is set before registration)
• Token Sale Format: Sign In
• Supported sessions: NBB only

Token assignment

Binance Launchpad Discount: 10.00%
Team: 15.00%
Registration loyalty: 20.00%
User fund: 35.00%
Developer fund: 20.00%

Registration process:

• Preparatory phase 2021-10-14 00:00 (UTC) to 2021-10-21 00:00 (UTC): During this period, the user’s NBB balance will be calculated by hourly snapshots for each day for a period of 7 days. Your last average daily BNB credit for these 7 days determines the maximum BNB amount that you can bind later.
• Registration time 2021-10-21 06:00 (UTC) to 2021-10-21 10:00 (UTC): At this point, the registration will be open for all authorized users for a period of 4 hours. Users also need to sign a token purchase agreement at the same time before setting their BNB. Please note that your BNB will be blocked after approval and you will not be able to redeem or access any other functions such as transfers, withdrawals or trading until the token is distributed.
• Calculation time 10/21/2021 10:00 a.m. (UTC) to 10/21/2021 11:00 a.m. (UTC): The registration closes and the calculation of the token allocation begins.
• Last token distribution 10/21/2021 11:00 (UTC): Your final token allocation will be calculated and the corresponding NBB will be deducted from your blocked NBB. After the withdrawal, your LAZIO and BNB tokens will be transferred to your spot wallet.