FC Porto Fan Token Price Chart Update [PORTO]

To discover more about this project, take a look at our in-depth analysis of FC Porto Fan Token.

FC Porto Fan Token (PORTO): An Overview

FC Porto Fan Token (PORTO) is a fan token built on the BEP-20 network. As a utility token on Binance, PORTO aims to reward fans of FC Porto, a prominent football team competing in the Portuguese Premier League.

Established in 1893, FC Porto is the second wealthiest football club in Portugal, renowned for its large fan base. The PORTO token was launched on November 6, 2021. By holding PORTO tokens, fans can engage with the football club by participating in voting processes, accessing exclusive discounts, and receiving club rewards. Additionally, PORTO token holders can collect rare non-fungible tokens (NFTs) and unlock fan badges through their interaction with the token.

Founders of FC Porto Fan Token

PORTO was launched on the Binance Launchpad, a token launch platform. The creation of PORTO resulted from a long-term agreement between Binance, the world's largest cryptocurrency exchange, and FC Porto.

Binance's collaboration with various football teams has already led to the introduction of several other fan tokens, including the Lazio Fan Token. Binance's fan tokens enable football clubs to connect with their fans through blockchain technology, offering exclusive advantages. Teams that partner with Binance for fan tokens receive rewards for referring fans and enjoy the exclusivity of a token representing their team.

Tiago Gouveia, a marketing manager with a comprehensive background in sports marketing, serves as the project's managing director.

Unique Features of FC Porto Fan Token

Interactions

PORTO token holders can easily interact with FC Porto players through non-fungible tokens released by the team. Fan token holders gain special access to the sale of the NFT series.

Moreover, fans are eligible for meet-and-greets, signed merchandise, and other exclusive experiences.

Participation

Fans have the opportunity to actively participate in the club's activities through their PORTO tokens, which grant them voting rights on various decisions. This includes selecting kits for players and choosing club anthems. Additionally, fans have the option to donate any amount of their PORTO tokens to FC Porto.

Monetization

The token's fan base can grow over time as more supporters of the club start holding the utility token. The token sale helps financially support FC Porto.

The token will be integrated with the team's official e-commerce platform, allowing fans to use PORTO tokens for purchasing official merchandise and matchday tickets.

Total Supply of FC Porto Fan Token (PORTO)

The total supply of PORTO tokens is approximately 40,000,000. Out of this, 4,000,000 tokens were allocated for the initial Binance Launchpad sale, priced at $1 per token, raising a total of $4,000,000.

After the initial sale, around 19.50% of the total supply was in circulation, equivalent to 7,800,000 PORTO tokens. 20% of the supply is reserved for loyalty subscriptions, which fans can utilize to access exclusive deals.

15% of the supply was reserved for the team, while another 20% was allocated for developers. The remaining 35% was made available to users.

Security of FC Porto Fan Token Network

FC Porto Fan Token (PORTO) is a BEP-20 token built on the Binance Smart Chain network. The network utilizes the proof-of-stake authority (PoSA) algorithm, which revolves around 21 elected validators to prevent any individual validator from gaining excessive control over the network.

Commencement of FC Porto Fan Token Trading

Trading of FC Porto Fan Token began on November 6, 2021, at 12:00 AM UTC. The trading process consisted of four steps. The first step was the preparation period, which lasted until November 16, 00:00 AM UTC. During this period, the average Binance Coin (BNB) balance was calculated to determine the maximum amount of BNB that users could commit later on.

The subscription step started on November 16, 6:00 AM UTC and lasted until November 16, 9:00 AM UTC, allowing users to commit their BNB tokens and sign the agreement. The calculation period, from November 16, 9:00 AM UTC to November 16, 10:00 AM UTC, involved the allocation calculation of tokens.

Finally, in the last step, starting at November 16, 10:00 AM UTC, tokens were allocated to users who had committed their BNB tokens.

Potential of PORTO Reaching $1

During the pre-sale launch, the PORTO token was initially valued at $1. However, after November 16, the token reached an all-time high of $14.65 and is currently valued at $3.54.

Where to Buy FC Porto Fan Token (PORTO)

FC Porto Fan Token (PORTO) is currently available for trading on Binance, Mandala Exchange, BKEX, PancakeSwap (v2), and Binance TR.