- Alpine F1 Team Fan Token lets automotive fans participate in the BWT Alpine F1 Team’s decisions and collect digital collectibles as well as gain access to exclusive meet-and-greets
- The BWT F1 Team intends to raise $4 million in the sale of 4 million ALPINE tokens in the upcoming Binance IEO
- Binance will begin taking snapshots of user BNB balances on February 16
- BNB has surged over 7% today, thanks to the announcement of the new Launchpad project and the transition of Binance Chain and Binance Smart Chain into 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 1.00 USD per token.
Alpine F1 Team Fan Token (ALPINE) provides automotive fans exclusive access to their favorite team
BWT Alpine F1 Team has a rich heritage when it comes to its participation in the world’s most coveted automotive sports championship. Founded in 1955 by Jean Rédélé, the team has enjoyed huge success over its decades-long illustrious history. Its current roaster includes two-time World Champion Fernando Alonso and Grand Prix winner Esteban Ocon.
The F1 team joined forces 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 unlocks new ways of interacting between the team and its global fan base. ALPINE owners are able to play a part in the team’s decision-making process via exclusive governance rights.
Additionally, users will be able to participate in the team’s exclusive giveaways, meet-and-greets, and gain access to non-fungible token (NFT) collectibles in addition to physical merchandise signed by the Alpine F1 team drivers.
The ALPINE token follows a course initially charted by FC Porto and Lazio Fan Token last year. These tokens allow sports fans to interact with their favorite teams thanks to the integration with the Binance Fan Token platform.
The Alpine F1 Team has allocated 10% of the total ALPINE supply of 40 million tokens for the IEO and intends to raise $4 million via the public sale. A per-user hard cap of 10,000 ALPINE ($10,000) was set by Binance to ensure each user has a fair chance to obtain a decently sized allocation of the ALPINE token.
Binance will commence the preparation period on February 16 at 00:00 AM UTC. During the 5-day period, Binance will take snapshots of user BNB balances on an hourly basis to determine the maximum amount of BNB a user can commit during the subscription period that commences on February 21 at 06:00 AM UTC. The ALPINE token distribution will commence on the same day at 10:00 AM UTC, once the hour-long calculation period ends.
Launchpad projects have proven to be one of the most lucrative opportunities for Binance users throughout the years. Here are the returns of the last five projects featured on Launchpad and Launhpool platforms:
|Launchpad Project||ROI (expressed in USD)|
|League of Kingdoms||13.6x|
|Lazio Fan Token||3.6x|
David is a crypto enthusiast and an expert in personal finance. He has created numerous publications for different platforms. He loves to explore new things, and that’s how he discovered blockchain in the first place.