Binance Launchpad is an exclusive token launch platform supported by Binance where you can discover many high potential tokens to invest in.

Today, cryptocurrency is a hot topic that's not only known among investors but also in popular culture too. You could easily find many crypto slangs like "to the moon" or "FOMO" being used in regular daily conversations. Many artists and celebrities have also released their own NFTs as a part of their promotional activities. With that being said, finding the best token to invest in can be a bit tricky these days as there are so many options to choose from. If you are a sports or music fan, you might want to check out fan tokens.

Binance Fan Tokens illustration

These are digital tokens that give holders access to a number of fan-related membership perks. In order to get fan tokens, you could refer to platforms like Binance. The widely-known exchange recently released a new service called the Binance Fan Token platform where you could get access to various interesting tokens via the Binance Launchpad.

As a utility token that aims to enhance the fans' experience and connect brands with their fans worldwide, there are several benefits that you can get from Binance Fan Tokens. Here are some of them:

  • Support your favorite teams and collect limited edition NFTs.
  • Participate in exclusive fan voting polls.
  • Unlock rare fan badges and win special rewards.
  • Get unique experiences and signed merchandise.
  • Buy the tokens with lower network fees because Binance Fan Tokens use BEP-20 tokens that are powered by Binance Smart Chain.

Unlike NFTs, fan tokens are fungible. This means that the tokens can be used interchangeably, just like cash or fiat money. You can use these tokens to buy sports club merchandise, NFTs, VIP experiences, etc.

Other than that, it's also worth mentioning that these tokens are not necessarily backed by the value of underlying projects like Bitcoin or Ethereum. Instead, the value of fan tokens is derived from the unique benefits that the token offers to the fans. For example, a football club could offer a fan token that gives its holders priority for purchasing match tickets or voting privileges on the club decisions like ing a new slogan, jersey design, or merchandise.

 

Buying Binance Fan Tokens on Binance Launchpad

First and foremost, you need to sign up for a Binance account and complete the verification process. If you already have one, simply login to your account and visit the Binance Fan Token Platform to find the list of featured and soon-to-be-listed fan tokens.

You can start by going to the Binance official website. From there, you could either buy the desired tokens via Binance Launchpad to be among the first fans to get the tokens. Binance Launchpad is an exclusive token launch platform supported by Binance. The platform is widely known to provide excellent features and advisory services to new projects, starting from before the token is issued to post-listing and marketing support.

Once a certain team or brand partners up with Binance on the Binance Fan Token Platform, their tokens get listed on the Binance Launchpad. This means that those fan tokens are available to all Binance users who may be interested to participate in that team's token offerings. Currently, Binance supports a wide range of popular and well-loved teams, such as Lazio, Juventus, AS Roma, FC Barcelona, and more.

Here's what you need to do to buy Binance Fan Tokens on Binance Launchpad:

  1. Head over to the Binance Fan Token platform and sign up for an account if you haven't already. Make sure to complete the verification process as well to activate the account.
  2. Discover the list of Binance Fan Tokens under the "Featured Teams" section. Once you set your eyes on a team, it and you will be directed to the corresponding Binance Fan Token's Launchpad page.
  3. Measure your participation limit. The number is determined by your average BNB balance over a certain period of days. You don't need to do anything in particular with your BNB tokens during this period.
  4. Commit some BNB tokens as a part of the Launchpad Subscription Format. Once your participation limit is set, you could then commit and lock any amount of BNB tokens up to the participation limit in order to receive the Binance Fan Tokens.
  5. Once your BNB commitment period ends, the platform will calculate your final token allocation. This process could take up to 1 hour.
  6. Lastly, once the final token allocation is determined, a portion of your locked BNB tokens will be deducted from your balance in exchange for the Binance Fan Tokens. After that, both of the remaining BNB tokens and the new Binance Fan Tokens will be automatically transferred to your spot wallet.

Alternatively, you could buy your tokens by using a bank card, purchase with cryptocurrency on the Binance Spot Market, or buy from other users on P2P Market. If you're using mobile, simply buy the tokens by using a debit/credit card or via P2P on the Binance App. Make sure to regularly check the Binance Fan Token platform to get the latest updates on the list of supported tokens.

 

The Bottom Line

Binance Fan Tokens provide highly interesting and exciting ways for fans to engage with their favorite teams, artists, or brands. Even though the fan club model is actually not new in practice, combining it with blockchain technology is certainly a fresh innovation.

In a nutshell, Binance Fan Tokens are able to digitize fandom activities and bring fan interactions to the crypto world. It offers the "fan moment" that could either help you connect with the teams you love or give you the opportunity to improve your favorite brands. Now it's easier than ever for fans to discover and invest in fan tokens from some of the most popular names across sports, music, gaming, entertainment, and more.

If you are planning to invest your money in Binance Fan Tokens, simply head over to the Binance Fan Token platform. You can even start to participate in a pre-existing project with Binance Launchpad.

 

In addition to Fan Tokens and Launchpad, Binance has a lot to offer when it comes to cryptocurrency and other blockchain-related projects development. One of them is Binance Smart Pool which you can learn here.