$0.4831

Santos FC Fan Token (SANTOS) is a digital asset created for fans of the Brazilian football club Santos FC, developed through a collaboration with Binance Launchpool. The club, based in Vila Belmiro, São Paulo, launched this token in response to financial challenges during the pandemic. Announced in November 2021, the partnership made Binance a sponsor and licensee, enabling NFT operations. The token aims to boost fan engagement and strengthen the bond between the club and its supporters. Holders can participate in club polls, access exclusive rewards, limited NFTs, and gamified experiences on the Binance Fan Token platform.

The Santos FC Fan Token is not founded by individuals but by the football club Santos FC, which was established in 1912 by Francisco Raymundo Marques, Mário Ferraz de Campos, and Argemiro de Souza Junior. The club is renowned for its skilled players and disciplined style, having produced legends like Pelé, Neymar, and Rodrygo. Pelé, considered one of the greatest footballers ever, scored over 500 goals for Santos. The club has won the Brazilian national championship eight times and holds a record of 24 titles in a decade. As of late 2021, it was coached by Fábio Carille and had 10 million social media followers.

SANTOS token holders enjoy several distinctive benefits. They can vote in polls on the Binance Fan Token platform, influencing club decisions. They also gain access to fan rewards, digital collectibles, and loyalty points, with NFTs redeemable for exclusive items. Using SANTOS with Binance Pay allows purchases of merchandise, match tickets, and club memberships. A key advantage is the opportunity to interact with the club, including meeting legends, attending autograph sessions, and joining training sessions. Holding a certain amount unlocks gamification features, and fans can donate tokens to show loyalty, earning proof-of-loyalty badges.

SANTOS is a BEP-20 token on the Binance Smart Chain, known for its speed and low fees. The maximum supply is capped at 30 million tokens, with about 4.55 million (15%) in circulation as of December 2021. The token distribution allocates 35% to a user fund, 25% to a developer fund, 20% to the team, 15% to loyalty subscriptions, and 5% to Binance Launchpool. The primary purpose of SANTOS is to connect the club with its fans, serving as a medium for collectibles, limited NFTs, voting, gamification, engagement rewards, and special perks.

The security of the Santos FC Fan Token is managed by Binance, which launched it via Binance Launchpool in early December, requiring KYC for participation. Launchpool allows users to deposit tokens for free and earn new ones, a platform introduced in 2020 for passive income seekers. The token operates on Binance Smart Chain (BSC), which is secured by the Tendermint Byzantine Fault Tolerant (BFT) consensus mechanism, ensuring network integrity and reliability.

As of December 2021, SANTOS can be bought on several major exchanges, including Binance, PancakeSwap (V2), Binance TR, HitBTC, and Mandaka Exchange. Coinasity shows the live SANTOS price, averaged across major exchanges. Additionally, guides on non-fungible tokens and a crypto glossary are available for further information.