Lazio Fan Token
Lazio Fan Token (LAZIO) is a fan token by Binance — the world’s greatest and most well known cryptocurrency exchange. Up until now, fan tokens have just been made by Socios, the organization behind fan tokens for quite some time football clubs, like PSG, and fan tokens for the UFC and vehicle hustling. Binance is utilizing the prevalence of fan tokens, which give their holders responsibility for the club’s administration and permit them to influence choices, access restrictive advancements, open VIP rewards and gain extraordinary acknowledgment by the club. Following the achievement of other fan tokens, Binance hit an arrangement with SS Lazio worth more than 30 million euros enduring more than two years, with the choice to broaden it for a third year. The leader of Lazio communicated his fulfillment with the accompanying assertion:
“We are exceptionally happy with this new global cooperation. Our organization with Binance will permit us to expand our computerized presence and interface with our fans and adherents from everywhere the world more than ever.”
One can expect the accomplishment of the fan token to follow the exhibition of the players on the pitch, with wins helping interest and, in this manner, the cost.
About Lazio Fan Token
Who Are the Founders of Lazio Fan Token?
SS Lazio is one of Italy’s most prestigious and long-standing clubs, with a rich history and recent Champions League participation. Lazio has two Seria A titles, seven Coppa Italia titles, three Supercoppa Italiana titles and one UEFA Cup Winners’ Cup and UEFA Super Cup title each. Binance is the world’s biggest cryptocurrency exchange, launched by Changpeng Zhao, the current CEO. Its Binance Coin (BNB) token is one of the most valuable tokens on the market. Binance struck a partnership deal with Socios, the company behind other fan tokens, in December 2020, which saw its launchpad act as a distribution platform for new fan tokens. That way, fan tokens are exposed to even more potential investors, raising the potential upside for fans that acquire them.
What Makes Lazio Fan Token Unique?
Lazio Fan Token follows the model of fan tokens by other football clubs. It represents ownership of a voting right and gives fans access to earn unique club-specific rewards and experiences. One example would be when fans influence specific decisions, such as determining the message on their captain’s armband. Fans also get the chance to win exclusive access to the club. For instance, they can visit the player area in the stadium or receive rights to watch a match in the VIP zone and get discounts on club merchandise.
Furthermore, by launching on the Binance Smart Chain, fans benefit from broader accessibility, more functionalities, and lower transaction costs. Binance is also planning voting sessions on Lazio affairs, loyalty subscriptions, fan shop integrations and a NFT collection for token holders.
Lazio Fan Token (LAZIO) Tokenomics
Here are the official tokenomics of the Lazio fan token (LAZIO):
- Launchpad hard cap: 4,000,000 USD;
- Hard cap per user: 20,000 USD (20,000 Lazio);
- Total token supply: 40,000,000 Lazio;
- Total tokens allocated to Binance Launchpad: 4,000,000 Lazio (10% of total token supply);
- Public sale token price: 1 Lazio = 1 USD (price in BNB will be determined prior to subscription);
More details can be found in the official announcement, here.
Lazio Fan Token (LAZIO) Price
Lazio fan token (LAZIO) initial price is set at $1, however, the final price of the token will be determined on Oct. 21, 2021, when the LAZIO tokens are distributed by Binance.
Lazio Fan Token (LAZIO) Price Prediction and Future Outlook
As mentioned above, the price of the LAZIO token will start from $1. The initial spike in price is almost guaranteed considering the millions of users of Binance and the Italian football club’s fans all over the world, who would be interested in buying the token after it launches or pre-subscribe to it as mentioned above.
S.S. Lazio is not an ordinary football club. It is based in Rome and has a rich history with three Serie A title wins to its name. “Rome was not built in a day” and S.S. Lazio, according to many football pundits, is destined for greatness. This in the long run can cause the price of the LAZIO token to reach $10, according to crypto analysts.
A big reason why Lazio fan token’s price can hit $10 or more is because of Binance Launchpad. LAZIO is the 22nd (token) project being launched on the Binance Launchpad, a platform that has provided a good base for crypto tokens to experience major price gains, the BETA token being the most recent example.
It must be noted that the sudden spike in volume can take the LAZIO token’s price to new heights, however, the volatility of the token will be extremely high. This means that shortly after the Binance launch, a crash can be expected, and therefore it is advised to invest safely and save your capital for when the LAZIO token’s price settles down.