The cryptocurrency Lazio Fan Token (LAZIO) will be released as the 22nd project on the Binance Launchpad. The token will allow its holders to vote on the club's activities and receive exclusive offers from the Italian football club.
In this article, we will discuss:
Partnership between Lazio Football Club and Binance
The largest cryptocurrency exchange in the world, Binance became the Italian football club, the new (main) sponsor of the SS Lazio shirt. The partnership agreement between Binance and Lazio is valued at more than 30 million euros and the agreement will run for up to two years with the option to extend it to the third year.
New #Binance Launchpad project: Lazio Fan Token@OfficialSSLazio Fan Token $LAZIO is a Binance Fan Token for SS Lazio on Binance Smart Chain.
Read the #LAZIO research report ⬇️https://t.co/fPgMnfrdIl
- Binance Research (@BinanceResearch) October 15, 2021
In an official statement, the president of Lazio, Claudio Lotito said:
“We are very pleased with this new international collaboration. Our partnership with Binance will allow us to extend our digital presence and connect with our fans and followers around the world like never before.”
How does the Lazio Fan Token (LAZIO) work?
Like other sports fan tokens, LAZIO functions as a governance token. It offers its holders the freedom to vote on club decisions and gain access to exclusive rewards and benefits, many of which will be announced after the token's official launch on October 21st.
Can the Lazio Fan Token (LAZIO) follow the success of other Football Fan Tokens?
The Lazio fan token is not the only fan token available in the world of blockchain. Other successful launches include Manchester City Fan Token (CITY) and Paris Saint-German Fan Token (PSG).
PSG experienced a big price gain as it grew 300%+ at one point and also hit its all-time high of $61,23. This huge price gain happened because one of the biggest players in the football world, Messi, moved from Barcelona to PSG in 2021, a transfer that shocked the entire football world.
It also establishes a precedence in the football fan token world, that a major player transfer can significantly increase the price of a token. This means that if Lazio adds big players to their Arsenal, the price of their fan token can increase linearly.
How to Participate in the LAZIO Token Pre-Sale Event?
To acquire the LAZIO token before your trade is active in Binance, you must commit your BNB for a period of seven days, which started on October 14th and will end on October 21st. During this period, BNB participations will be blocked and will only be available after the final distribution of the token.
The final token allocation is calculated based on the blocked BNB and on October 21st, the BNB and LAZIO tokens will be transferred to the user's spot wallet.
Exclusive features of the Lazio Fan Token (LAZIO)
Decisions about club activities
LAZIO token holders will be able to vote on club decisions, get exclusive club discounts and perhaps in the future also have a say in player transfers and other important decisions that make or break a football club.
Increased global fan base
The LAZIO fan token serves as an opportunity for all fans around the world to join SS Lazio and take the global fan base to another level.
Tokenomics of the Lazio Fan Token (LAZIO)
Here are the official Lazio fan token (LAZIO) tokenomics:
- Launchpad Hard Cover: 4.000.000 USD;
- Hardcap per user: 20.000 USD (20.000 Lazio);
- Total supply of tokens: 40.000.000 Lazio;
- Total tokens allocated to Binance Launchpad: 4.000.000 Lazio (10% of the total token offer);
- Retail token price: 1 Lazio = 1 USD (price in BNB will be determined prior to subscription)
Lazio Fan Token Price (LAZIO)
The starting price of the Lazio supporter token (LAZIO) is set at $1, however the final price of the token will be determined on October 21, 2021 when the LAZIO tokens will be distributed by Binance.
Lazio Fan Token (LAZIO) is a good investment
The price of the LAZIO token will start at $1. The initial price increase is almost guaranteed considering the millions of Binance Exchange users and Italian football club fans around the world who would be interested in purchasing the token after the launch or pre-sign it as mentioned above.
SS Lazio is no ordinary football club. It is based in Rome and has a rich history, with three Serie A titles won in its name. “Rome was not built in a day” and SS Lazio, according to many football experts, is destined for greatness.
In the long run, this could cause the LAZIO token price to reach $10, according to crypto analysts.
One big reason why the Lazio fan token price can reach $10 or more is because of the Binance Launchpad.
LAZIO is the 22nd project (token) being launched on Binance Launchpad, a platform that provided a good foundation for crypto tokens to experience big price gains, with the BETA token being the most recent example.
It should be noted that the sudden increase in volume can drive the price of the LAZIO token to new heights; however, the volatility of the token will be extremely high. This means that right after the release of Binance, a failure can be expected and therefore it is advisable to invest safely and save your capital for when the price of the LAZIO token stabilizes.
