$0.4136

Lazio Fan Token (LAZIO) is a digital asset created by Binance, the largest cryptocurrency exchange globally. Unlike typical fan tokens issued by Socios for clubs like PSG, this token is a direct collaboration with the Italian football club SS Lazio. Holders gain governance rights, enabling them to participate in club decisions, access exclusive promotions, unlock VIP rewards, and receive special recognition. The partnership between Binance and Lazio is valued at over 30 million euros and spans more than two years, with an option for a third. The club's president expressed enthusiasm about extending their digital reach to global fans. The token's value may reflect the team's on-field performance, with victories potentially increasing demand and price.

SS Lazio, a storied Italian club with numerous titles including two Serie A championships and seven Coppa Italia victories, is the football entity behind the token. Binance, founded by CEO Changpeng Zhao, is the world's leading cryptocurrency exchange, known for its BNB token. In December 2020, Binance partnered with Socios, the company that pioneered fan tokens, to use Binance's launchpad for distributing new fan tokens. This collaboration expands the reach of such tokens to a broader investor base, potentially increasing their value for fans who purchase them.

Lazio Fan Token follows the fan token model seen in other football clubs, granting holders voting rights and access to exclusive club-related rewards and experiences. For instance, fans can influence decisions like the message on the captain's armband or win opportunities to visit the player area, watch matches from the VIP zone, and receive merchandise discounts. By operating on the Binance Smart Chain, the token offers enhanced accessibility, additional functionalities, and reduced transaction costs. Binance also plans to introduce voting sessions on club matters, loyalty subscriptions, fan shop integrations, and an NFT collection for token holders.

The total supply of LAZIO is set at 40 million tokens. Ten percent of this supply, or 4 million tokens, is allocated for public sale on Binance at a price of $1 per LAZIO. The public sale has a hard cap of $4 million, and each user can purchase up to 20,000 LAZIO in the sale.

LAZIO is a BEP-20 token on the Binance Smart Chain (BSC), which uses a proof-of-stake consensus mechanism. The network relies on 21 validators who are elected every 24 hours to validate transactions and maintain security. These validators must stake a specified amount of BNB coins with Binance to be eligible for the role.

LAZIO will be launched on October 21 on Binance Launchpad. Prior to the launch, Binance users can qualify for LAZIO tokens by holding BNB in their accounts. The amount of BNB held determines the allocation of LAZIO per user, with a maximum of 20,000 LAZIO allowed per person. The price during the public sale is set at $1 per LAZIO.

LAZIO will be available for purchase on Binance.