Highlights:
- Alpine F1 Team Fan Token allows automotive fans to participate in BWT Alpine F1 Team decisions and collect digital collectibles as well as access to exclusive encounters
- BWT F1 Team Intends to Raise $4M in 4M ALPINE Token Sale at Upcoming Binance IEO
- Binance will start taking snapshots of users’ BNB balances on February 16
- BNB jumped more than 7% today, thanks to the announcement of the new Launchpad project and the transition from Binance Chain and Binance Smart Chain to BNB Chain
Binance, the world’s most popular digital trading platform, has announced a new Launchpad project. Binance users will be able to participate in the Alpine F1 Team Fan Token (ALPINE) Initial Exchange Offering (IEO) with their Binance Coin (BNB) funds. 4 million ALPINE tokens are allocated for the IEO at a sale price of USD 1.00 per token.
Alpine F1 Team Fan Token (ALPINE) gives automotive fans exclusive access to their favorite team
BWT Alpine F1 Team has a rich heritage when it comes to its participation in the most coveted motorsport championship in the world. Founded in 1955 by Jean Rédélé, the team has enjoyed enormous success over its decades of illustrious history. His current roaster includes two-time world champion Fernando Alonso and Grand Prix winner Esteban Ocon.
The F1 team has partnered with the world’s largest cryptocurrency exchange for an exclusive initial exchange offering (IEO) of its Alpine F1 Team fan token. ALPINE is built on Binance Smart Chain (BSC) and opens up new ways for the team to interact with its global fanbase. ALPINE owners can play a role in team decision-making through exclusive governance rights.
Additionally, users will be able to partake in exclusive team giveaways, meet and greets and access non-fungible collectables (NFTs) in addition to physical merchandise signed by Alpine F1 team drivers.
Alpine F1 Team Fan Token on Binance Launchpad – How to Invest in ALPINE IEO?
The ALPINE token follows a path initially charted by FC Porto and Lazio Fan Token last year. These tokens allow sports fans to interact with their favorite teams through integration with the Binance Fan Token platform.
The Alpine F1 Team has allocated 10% of ALPINE’s total supply of 40 million tokens to the IEO and intends to raise $4 million through the public sale. A strict cap per user of 10,000 ALPINE ($10,000) has been set by Binance to ensure that every user has a fair chance of getting a decent sized allocation of the ALPINE token.
Binance will begin the preparation period on February 16 at 00:00 UTC. During the 5-day period, Binance will take snapshots of users’ BNB balances on an hourly basis to determine the maximum amount of BNB a user can commit during the subscription period which begins February 21 at 06:00 UTC. The distribution of ALPINE tokens will begin on the same day at 10:00 UTC, after the one-hour calculation period has ended.
Launchpad projects have proven to be one of the most lucrative opportunities for Binance users over the years. Here is the feedback from the last five projects presented on the Launchpad and Launhpool platforms:
David is a crypto enthusiast and personal finance expert. He has created numerous publications for different platforms. He loves exploring new things, and that’s how he discovered blockchain in the first place.