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Analysis

Binance Completes the FC Porto Fan Token Subscription Launchpad and Will Open Trading for PORTO

November 16, 2021 - Around 2 mins mins to read

Announcement from Binance.com

Binance has completed the subscription format Launchpad for FC Porto Fan Token and the final token allocation results are now showing on the FC Porto Fan Token Launchpad Page.
  • A total of 190,453 participants committed 8,379,322.4306 BNB during the subscription period, representing an oversubscription of 1,280x.
  • 58 participants reached the 10,000 PORTO hard cap, resulting in the participants’ allocation being passed down to the remaining users. For further information on how this is calculated, refer to a detailed guide here.
  • As a reference for users that participated:
    • Users that committed 50 BNB received an allocation of 25.3706624 PORTO and will have 0.04151655 BNB deducted.
    • Users that committed 500 BNB received an allocation of 253.70662415 PORTO, and will have 0.41516552 BNB deducted.
    • Users that committed 5,000 BNB received an allocation of 2,537.06624163 PORTO and will have 4.1516552 BNB deducted.

The corresponding BNB tokens will be deducted from your already-locked BNB balance within 30 minutes of this announcement. Once deducted, your PORTO and remaining BNB tokens will both be transferred to your spot wallet.

Binance will list FC Porto Fan Token (PORTO) in the innovation zone at 2021-11-16 12:00 PM (UTC) and open trading for PORTO/BTC, PORTO/EUR, PORTO/TRY and PORTO/USDT trading pairs.

Note:

  • The token purchase price was set at 1 PORTO = 0.00163640 BNB or 1 USD (using a BNB price of 611.10 USD), as per the previous announcement here.
  • The FC Porto Fan Token (PORTO) BEP-20 smart contract is available here.

Further Information:

Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.
Thanks for your support!

Binance Team

2021-11-16

Find us on

Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.

https://www.binance.com/en/support/announcement/b4bdead0b59144aca40b9b39902c0c4b

#Token

Binance

completes

fan

open

Porto

Subscription

Trading

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
Analysis

Binance Completes the FC Porto Fan Token Subscription Launchpad and Will Open Trading for PORTO

Announcement from Binance.com

Binance has completed the subscription format Launchpad for FC Porto Fan Token and the final token allocation results are now showing on the FC Porto Fan Token Launchpad Page.
  • A total of 190,453 participants committed 8,379,322.4306 BNB during the subscription period, representing an oversubscription of 1,280x.
  • 58 participants reached the 10,000 PORTO hard cap, resulting in the participants’ allocation being passed down to the remaining users. For further information on how this is calculated, refer to a detailed guide here.
  • As a reference for users that participated:
    • Users that committed 50 BNB received an allocation of 25.3706624 PORTO and will have 0.04151655 BNB deducted.
    • Users that committed 500 BNB received an allocation of 253.70662415 PORTO, and will have 0.41516552 BNB deducted.
    • Users that committed 5,000 BNB received an allocation of 2,537.06624163 PORTO and will have 4.1516552 BNB deducted.

The corresponding BNB tokens will be deducted from your already-locked BNB balance within 30 minutes of this announcement. Once deducted, your PORTO and remaining BNB tokens will both be transferred to your spot wallet.

Binance will list FC Porto Fan Token (PORTO) in the innovation zone at 2021-11-16 12:00 PM (UTC) and open trading for PORTO/BTC, PORTO/EUR, PORTO/TRY and PORTO/USDT trading pairs.

Note:

  • The token purchase price was set at 1 PORTO = 0.00163640 BNB or 1 USD (using a BNB price of 611.10 USD), as per the previous announcement here.
  • The FC Porto Fan Token (PORTO) BEP-20 smart contract is available here.

Further Information:

Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.
Thanks for your support!

Binance Team

2021-11-16

Find us on

Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.

https://www.binance.com/en/support/announcement/b4bdead0b59144aca40b9b39902c0c4b

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