Information about "Alpine F1 Team Fan Token"
What Exactly Is the Alpine F1 Team Fan Token (ALPINE)?
The Alpine F1 Team Fan Token, abbreviated as ALPINE, marks the first fan token associated with Formula One introduced by Binance, renowned as the largest and most popular cryptocurrency exchange in the world. Following the success of its initial fan token, LAZIO, Binance has created ALPINE to offer enthusiasts of the Alpine F1 Team a unique way to connect with their favorite racing team. Binance claims this token will "transform the fan experience," offering fans opportunities to:
* Vote on team-related polls
* Chase digital collectibles and acquire NFTs
* Benefit from gamified features linked to fan incentives or unique experiences
Originally made popular by Socios, fan tokens have seen a new wave with Binance releasing tokens like PORTO. The new Alpine A522 cars will debut the Binance logo next season. Alpine's leadership expressed their excitement about this collaboration. Laurent Rossi, the CEO of the F1 team, mentioned that "joining forces with Binance ignites our passion to redefine the racing scene and opens up more innovative ways for fan interaction." Binance shared this enthusiasm, with Helen Hai, CEO of Binance Fiat Exchange, stating, "We're eager to deliver equally thrilling experiences on the blockchain, enhancing ALPINE holder utility and expanding what fans can already achieve on our platform. We’re just at the beginning of this journey; the opportunities are limitless."
* Vote on team-related polls
* Chase digital collectibles and acquire NFTs
* Benefit from gamified features linked to fan incentives or unique experiences
Originally made popular by Socios, fan tokens have seen a new wave with Binance releasing tokens like PORTO. The new Alpine A522 cars will debut the Binance logo next season. Alpine's leadership expressed their excitement about this collaboration. Laurent Rossi, the CEO of the F1 team, mentioned that "joining forces with Binance ignites our passion to redefine the racing scene and opens up more innovative ways for fan interaction." Binance shared this enthusiasm, with Helen Hai, CEO of Binance Fiat Exchange, stating, "We're eager to deliver equally thrilling experiences on the blockchain, enhancing ALPINE holder utility and expanding what fans can already achieve on our platform. We’re just at the beginning of this journey; the opportunities are limitless."
Who Created the Alpine F1 Team Fan Token?
The Alpine Team falls under Alpine Cars, a French racing and sports car maker part of the Renault Group, established in 1955. They launched an esports division in 2021. The team in charge of the token launch includes:
* Guillaume Vergnas (B2B Partnerships Manager): with five years of experience in securing partnerships within F1 and the automotive realm.
* Achille Dulac (Business Development Manager): eight years of expertise in fostering brand partnerships, managing relationships, and expanding markets.
* Angela Liu (Partnership Coordination Officer): nine years of strategic consulting experience in sports and entertainment.
* Matthias Moulin (Global Business Development Manager): ten years dedicated to sponsorship acquisition, commercial collaboration, and account management.
Binance, founded by Changpeng Zhao, stands as the largest cryptocurrency exchange globally. Its Binance Coin (BNB) token ranks among the top 5 cryptocurrencies, propelled by Binance's immense success and the Binance Smart Chain. After a deal with Socios in December 2020, Binance became the primary platform for distributing new fan tokens.
* Guillaume Vergnas (B2B Partnerships Manager): with five years of experience in securing partnerships within F1 and the automotive realm.
* Achille Dulac (Business Development Manager): eight years of expertise in fostering brand partnerships, managing relationships, and expanding markets.
* Angela Liu (Partnership Coordination Officer): nine years of strategic consulting experience in sports and entertainment.
* Matthias Moulin (Global Business Development Manager): ten years dedicated to sponsorship acquisition, commercial collaboration, and account management.
Binance, founded by Changpeng Zhao, stands as the largest cryptocurrency exchange globally. Its Binance Coin (BNB) token ranks among the top 5 cryptocurrencies, propelled by Binance's immense success and the Binance Smart Chain. After a deal with Socios in December 2020, Binance became the primary platform for distributing new fan tokens.
What Distinguishes the Alpine F1 Team Fan Token?
Binance has identified various current and future uses for the ALPINE token.
Upon its introduction, holders of the ALPINE token will be able to engage in fan-related voting activities on Binance. While specifics are yet to be disclosed by Alpine, other fan tokens such as LAZIO and PORTO have allowed fans to vote on matters like deciding the starting lineup for a test match and selecting the captain's armband color.
Additionally, ALPINE token holders can stake their NFTs to gain rewards and other digital collectibles at what’s called the "NFT PowerStation." They’ll also have access to loyalty subscriptions, gift cards, and other perks, including direct communication with the F1 team on the Binance Fan Token Platform, autographed merchandise, meet-and-greet opportunities with drivers, and more.
Looking ahead, token holders will be able to make direct donations to the team and earn a loyalty badge. The platform plans to introduce further gamification features to enhance fan engagement. For example, fans will have the ability to pay for team memberships using the fan token and purchase merchandise through the team’s online store.
Upon its introduction, holders of the ALPINE token will be able to engage in fan-related voting activities on Binance. While specifics are yet to be disclosed by Alpine, other fan tokens such as LAZIO and PORTO have allowed fans to vote on matters like deciding the starting lineup for a test match and selecting the captain's armband color.
Additionally, ALPINE token holders can stake their NFTs to gain rewards and other digital collectibles at what’s called the "NFT PowerStation." They’ll also have access to loyalty subscriptions, gift cards, and other perks, including direct communication with the F1 team on the Binance Fan Token Platform, autographed merchandise, meet-and-greet opportunities with drivers, and more.
Looking ahead, token holders will be able to make direct donations to the team and earn a loyalty badge. The platform plans to introduce further gamification features to enhance fan engagement. For example, fans will have the ability to pay for team memberships using the fan token and purchase merchandise through the team’s online store.
How Many Alpine F1 Team Fan Tokens (ALPINE) Are There?
The total supply for ALPINE is set at 40 million tokens. Of these, 4 million ALPINE tokens (or 10% of the total supply) will be allocated to Binance during the public sale, priced at 1 USD per ALPINE. Initially, 28.40% of ALPINE tokens will be in circulation. The allocation of tokens will be divided as follows:
* Launchpad sale (10%)
* Team (18%)
* Loyalty Subscription (15%)
* User Fund (35%)
* Developer Fund (22%)
Tokens will be distributed linearly over a span of five years, with an annual release. The token enables fans to interact with the team, collect exclusive items, enjoy special brand experiences, and participate in team-related decision-making.
* Launchpad sale (10%)
* Team (18%)
* Loyalty Subscription (15%)
* User Fund (35%)
* Developer Fund (22%)
Tokens will be distributed linearly over a span of five years, with an annual release. The token enables fans to interact with the team, collect exclusive items, enjoy special brand experiences, and participate in team-related decision-making.
How Is the Network for the Alpine F1 Team Fan Token Secured?
ALPINE will function as a BEP-20 token on the Binance Smart Chain (BSC).
BSC uses a proof-of-stake consensus mechanism for security. Every day, 21 validators are selected to verify transactions and uphold the blockchain's security. These validators must stake a specified amount of BNB coins with Binance to qualify for selection.
BSC uses a proof-of-stake consensus mechanism for security. Every day, 21 validators are selected to verify transactions and uphold the blockchain's security. These validators must stake a specified amount of BNB coins with Binance to qualify for selection.
When Is the Alpine F1 Team Fan Token Set to Launch for Trading?
ALPINE will be introduced on Binance Launchpad on February 21.
Where Can You Purchase the Alpine F1 Team Fan Token (ALPINE)?
ALPINE will be accessible on Binance.
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