What is FC Porto Fan Token?
FC Porto Fan Token (PORTO) is a fan token on the BEP-20 network, designed to reward fans of FC Porto, a football team in the Portuguese Premier League. Introduced on November 6, 2021, PORTO aims to provide fans with a way to engage with the football club's activities. By holding PORTO tokens, fans may participate in voting on club decisions, gain access to exclusive discounts, club rewards, and collect rare non-fungible tokens (NFTs). The token also enables holders to unlock fan badges through their engagement with the token.
How does FC Porto Fan Token work?
The FC Porto Fan Token operates on a smart chain network, utilizing the proof-of-stake authority (PoSA) algorithm. This algorithm is built around 21 elected validators, which aims to prevent individual validators from gaining excessive control over the network. The token was introduced on a platform for launching tokens, as a result of a multi-year agreement between the token creators and FC Porto. The token's circulation is managed with a portion of the supply reserved for loyalty subscriptions, team allocation, developers, and participants.
What are the potential use cases for FC Porto Fan Token?
The FC Porto Fan Token provides a variety of use cases for its holders. Fans holding PORTO tokens may participate in club activities by voting on various decisions, such as selecting kits for players or choosing club anthems. The token also allows holders to gain access to exclusive agreements, collect rare NFTs, and unlock fan badges. Additionally, the token can be used to acquire official merchandise and matchday tickets on the team's official e-commerce platform. The token also aims to facilitate interactions between the fans and the players of FC Porto through the release of team NFTs.
What is the history of FC Porto Fan Token?
The FC Porto Fan Token was introduced on November 6, 2021, as a result of a multi-year agreement between the token creators and FC Porto. The token was introduced on a platform for launching tokens. The trading of the FC Porto Fan Token began with a preparation period, followed by a subscription step, a calculation period, and finally, the allocation of tokens to participants who committed their BNB tokens. The token was initially priced at $1 during the pre-sale launch, and it reached a high after November 16. The project is managed by Tiago Gouveia, a marketing manager with experience in sports marketing.
