What is FC Porto Fan Token (PORTO)? Everything you need to know about PORTO

Social tokens, or fan tokens specifically, have existed for a while. Nevertheless, they have not attracted attention until recently. After Lazio Fan Token, FC Porto Fan Token is the next fan token to launch on Binance, showing their interest in this particular field.

What is FC Porto Fan Token? Why does Binance include FC Porto Fan Token in their launchpad? Can this type of token lead the next market trend? All the answers to these questions will be found in this article.

What is FC Porto Fan Token (PORTO)?

The PORTO token is the Fan Token of the football team FC Porto - a professional sports club based in Porto, Portugal. FC Porto not only owns professional football teams (main team, team B, U17, U19,...) but also supports nurturing other sports like Handball, Basketball, Pool, Boxing,...

Fan Token is a newly introduced term. Before Fan Tokens were released, football fans could only support their favorite team by buying match tickets, players kits,... However, in those ways, football enthusiasts cannot directly get involved with the club. Fan Tokens came as a solution.

PORTO is integrated with the Binance Fan Token platform. Therefore, the token receives support from not only multiple Binance features, but also from the vast accessibility and utility of Binance Smart Chain (BSC).

How does FC Porto Fan Token work?

FC Porto advocates can benefit from simply holding the FC Porto Fan Token. Some prominent advantages of holding PORTO can be listed as:

• Engagement: Participate in fan engagement activities on the Binance Fan Token platform.
• Loyalty Subscription: Receive fan rewards, digital collectibles, loyal points,...
• E-commerce: Use as a payment method for unique merchandise, matchday tickets, memberships,... through Binance Pay.
• Benefits: Directly engage with FC Porto through various distinctive ways, such as signed merchandise, interactions with football players and legends, 1-1 phone calls with team members, participation in team training sessions,...
• Gamification: Access a variety of gamification features on the Binance Fan Token Platform.
• Donation: Donate & receive a proof-of-loyalty badge.

Detailed information about PORTO Token

PORTO Price Today

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PORTO Key Metrics

• Name: FC Porto Fan Token.
• Ticker: PORTO.
• Token standard: BEP-20.
• Token type: Utility.
• Max supply: 40,000,000 PORTO.
• Circulating Supply: 7,800,000 PORTO (upon listing).
• Contract address: Updating...

PORTO Token Allocation

• Binance Launchpad Sale: 10%.
• Team: 15%.
• Loyalty Subscription: 20%.
• User Fund: 35%.
• Developer Fund: 20%.

PORTO Token Sale

FC PORTO Fan Token (PORTO) is the 23rd project on Binance Launchpad. You can participate in the Token Sale here.

PORTO Token Release Schedule

The tokens will be unlocked every 12 months in November and fully released after 9 years. Starting from November 2021, the original Token Release will be:

• Binance Launchpad Sale: 10%.
• Team: 2%.
• Loyalty Subscription: 2%.
• User Fund: 3.5%.
• Developer Fund: 2%.

PORTO Token Use Cases

Currently, the PORTO token acts as a connector between FC Porto and its fanbase. The use cases of PORTO are listed as receiving limited collectibles and integration with the Binance NFT Marketplace, engagement-based team rewards, exclusive privileges, voting rights, gamification, and special brand experiences.

How to get PORTO Token

You can get PORTO by participating in its Token Sale on Binance Launchpad before November 16th, 2021 00:00 AM (UTC). 

See Also: What is Binance Launchpad? How to buy IEO on Binance

How to buy PORTO Token

Currently, there is no PORTO circulating in the market, so you cannot buy PORTO on Coin98 Exchange or anywhere else.

Coin98 Exchange is a decentralized exchange (DEX), a Multi-chain liquidity aggregator that offers users a wide variety of DeFi services (swap, stake, lend, borrow,...) through intuitive and simple interfaces.

In the future, when we are able to buy PORTO on Coin98 Exchange, I will update you in this article.

How to store PORTO Token

In the future, Coin98 Wallet will support storing the PORTO token. I will keep you updated in this article.

FC Porto Fan Token Roadmap

Q4 2021: Start the Fan Engagement events on PORTO Team Page, which includes:

• Voting.
• NFT Mystery box.
• NFT Collection.
• Loyalty Subscription.
• Gift Card.

2022: Expand the Binance Fan Token use cases to:

• Donation in Binance Fan Tokens.
• Team Games.

Team, Investors and Partners

Team

• Tiago Gouveia: Marketing Director.
• Pedro Albuquerque: Head of FC Porto International.
• Gonçalo Azevedo: Product Manager.
• Bárbara Diana Borges: Marketing and International.

Investors

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Partners

The PORTO token is directly related to the FC Porto team. Therefore, the partners of the project can be considered the same as the club. Some commercial partnerships can be regarded as:

• EA Sports: FC Porto is the official partner of EA Sports and will be part of the next release on Xbox One, PS4, PC, and Nintendo Switch. As the world’s leading soccer e-game, FIFA has a huge global fan base to embrace the FC Porto Fan Token.
• Binance: Including the Binance platform and Binance Smart Chain.
• Numerous worldwide partners, namely New Balance, Coca Cola, Sport TV,...

Is FC Porto Fan Token (PORTO) a good investment?

I hope that with the aforementioned information, you have understood what FC Porto Fan Token is and how FC Porto Fan Token works. This article should give you a deep insight into the project, so there is no financial advice. You should Do Your Own Research before conducting any investment, and be responsible for your own fund. 

However, Coin98 will provide some notable points of the project to give you the best overview to make your own decisions.

Fan Token is a new way for both crypto and football enthusiasts to show their interests. Nevertheless, a wide range of football teams have introduced their Fan Tokens, such as: Paris Saint Germain, Manchester City, FC Barcelona, Juventus,...

Binance Launchpad, one of the biggest incubators at the moment, has launched the token sale of PORTO as its 23rd participant. An interesting point is that the token sale on Binance before PORTO belonged to LAZIO - also a Fan Token.

There is no doubt that Binance, as a big name, has paid attention to this type of token. It is no coincidence that Binance has recently launched 2 Fan Tokens consecutively, which shows their interest and belief in this market segment. This further fortifies the speculation of Fan Tokens possibly leading the next market trend.

From my perspective, Fan Token is an innovative invention bringing myriads of fresh options and possibilities for both crypto and sport. Its advent is expected to grow the fanbase and revenue of sports teams, as well as their token holders and supporters, not to mention that it will tremendously increase the market size and popularity of crypto.

Conclusion

You’ve been through an article about FC Porto Fan Token and the PORTO token. I hope it has helped you in gaining more valuable insights into this project and understanding its potential.

If you want to know further about FC Porto Fan Token (PORTO), please feel free to leave a comment below and join Coin98 Community for further discussions!