What is Alpine F1 Team Fan Token?

Alpine F1 Team Fan Token (ALPINE) is a unique digital asset that aims to enhance the fan experience for supporters of the Alpine F1 Team. This token is the first Formula One-themed fan token and is designed to provide fans with a new way to engage with the racing brand. ALPINE token holders can participate in team voting polls, hunt digital collectibles, purchase Non-Fungible Tokens (NFTs), and enjoy various gamification features tied to fan rewards. The token is part of a blockchain network and is a BEP-20 token, which intends to provide broader accessibility, more functionalities, and lower transaction costs for fans.

How does Alpine F1 Team Fan Token work?

The ALPINE token operates on a blockchain network that uses a proof-of-stake consensus mechanism. This mechanism involves 21 validators who are elected every 24 hours to validate transactions and maintain blockchain security. These validators must stake a certain amount of coins to be eligible. ALPINE token holders can participate in fan engagement-related voting sessions, stake their NFTs for rewards, and access other benefits like direct contact with the F1 team, signed merchandise, and meet-and-greets with the drivers. In the future, token holders will also be able to donate directly to the team and receive a loyalty badge for it.

What are the potential use cases for Alpine F1 Team Fan Token?

The ALPINE token aims to provide a variety of use cases for its holders. Initially, token holders can participate in fan engagement-related voting sessions. They can also stake their NFTs for rewards and other digital collectibles at the so-called "NFT PowerStation." This includes loyalty subscriptions and gift cards. Furthermore, ALPINE holders will have access to other benefits like direct contact with the F1 team, signed merchandise, meet-and-greets with the drivers, and more. Future use cases include the ability for token holders to donate directly to the team and receive a loyalty badge for it. The platform also intends to introduce more gamification features to further engage token holders.

What is the history of Alpine F1 Team Fan Token?

The Alpine F1 Team Fan Token was launched by a collaboration between the Alpine Team, part of Alpine Cars, a French manufacturer of racing and sports cars belonging to the Renault Group, and a blockchain network. The team behind the token launch includes experienced professionals from the automotive and sports industry. The token was launched on February 21. The total supply of ALPINE is 40 million, with 10% of the total supply allocated as part of the public sale. The initial circulating supply of ALPINE was 28.40%. The token aims to provide a platform for fans to engage with the team, gather limited collectibles, and participate in team-based decisions.