The Santos FC Fan Token (SANTOS) is a digital currency introduced to support the renowned Brazilian football club, Santos FC. This fan token emerged from a collaboration between Santos Futebol Clube and Binance Launchpool. Positioned in Vila Belmiro, Santos FC is a prominent sports club from the state of São Paulo.
The idea of fan tokens came about as a response to the financial challenges football clubs faced during the pandemic, capturing the interest of fans and later attracting investors.
In November 2021, the partnership between Binance and Santos FC was formally declared on the club’s social media platforms. This agreement allowed for the introduction of the fan token, with Binance becoming both a sponsor and a licensee, giving them rights to manage NFT products. The main aim of this venture is to boost fan involvement, foster stronger connections between the club and its supporters, and captivate the Binance clientele.
Holders of the $SANTOS token enjoy numerous perks, such as engaging in club-related activities and participating in voting. Additionally, $SANTOS owners can access special rewards, exclusive privileges, limited edition NFTs, and enjoy gamified experiences.
The SANTOS token was made available through Binance Launchpad from November 27, 2021, to December 28, 2021.
Who Are the Founders of Santos FC Fan Token?
Santos FC, the Brazilian football club, was established in 1912 by three local sports enthusiasts: Francisco Raymundo Marques, Mário Ferraz de Campos, and Argemiro de Souza Junior.
The club is renowned for its players' exceptional skills and strict discipline, having produced legendary players such as Pelé, Neymar, and Rodrygo. Pelé, one of the world’s greatest footballers, spent most of his illustrious career at Santos FC, where he scored over 500 goals.
Santos FC ranks among the most successful clubs in Brazil, competing in Paulistão, São Paulo's top state league, and Brasileirão, the premier league of Brazilian football. The club has claimed the national championship eight times and holds a record of winning 24 titles over a decade.
As of December 2021, Fábio Carille serves as the team’s coach, and Santos FC boasts a social media following of 10 million.
What Makes Santos FC Fan Token Unique?
The Santos FC Fan Token stands out for several reasons:
Owners of the token can participate in engaging activities such as voting sessions on the Binance Fan Token platform.
They gain access to fan rewards, exclusive digital collectibles, and loyalty points. SANTOS holders can also use NFTs issued by Santos FC for special fan rewards.
By using SANTOS and Binance Pay, fans can purchase unique products, match tickets, and club memberships.
A key advantage for devoted fans is the chance to interact closely with Santos FC and be involved in the club’s inner workings. SANTOS holders have the opportunity to attend events with football legends, autograph signings, and training sessions.
Fans holding a certain amount of SANTOS can explore various gamification features on the Binance Fan Token platform.
Supporters can demonstrate their allegiance to the team by donating SANTOS, earning a badge as a proof of loyalty.
How Many Santos FC Fan Token (SANTOS) Coins Are There in Circulation?
The Santos FC Fan Token, or SANTOS, is a BEP-20 token on Binance Smart Chain (BSC), known for its rapid processing times and low transaction costs.
The token has a maximum supply of 30,000,000 coins; as of December 2021, there are 4,550,000 SANTOS tokens in circulation, representing 15% of the total supply. The distribution of tokens is as follows:
- User Fund - 35%
- Developer Fund - 25%
- Team - 20%
- Loyalty Subscription - 15%
- Binance Launchpool - 5%
The SANTOS token serves as a vital link between Santos FC and its fans, with applications in collectibles, limited edition NFTs, voting rights, gamification, engagement rewards, and other exclusive benefits.
How Is the Santos FC Fan Token Network Secured?
In early December, the launch of the Santos FC Fan Token was announced by Binance as part of their Launchpool initiative, requiring participants to complete a KYC process.
Binance Launchpool is a platform where users can deposit tokens for free and earn new ones, launched in 2020 to attract investors seeking passive income opportunities.
Thus, the security of the Santos FC Fan Token falls under Binance's responsibility, utilizing their Binance Smart Chain (BSC). This blockchain is protected by the Tendermint byzantine-fault-tolerant (BFT) consensus mechanism.
Where Can You Buy Santos FC Fan Token (SANTOS)?
As of December 2021, the SANTOS token, like other fan tokens, is available on major cryptocurrency exchanges such as Binance, Pancakeswap (V2), Binance TR, HitBTC, and Mandaka Exchange.
Interested in tracking SANTOS, PSG, or CITY token prices in real-time? You can download the CMC mobile app.
Check out our guide on non-fungible tokens and explore our crypto glossary for more information.
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