CoinMarketCap takes a deep dive into Lazio Fan Token (LAZIO), an Italian football team’s upcoming fan token set to launch on the world's largest cryptocurrency exchange, Binance.
Lazio Fan Token
(LAZIO) will be launched as the 22nd project on Binance Launchpad
. The token will allow its holders to vote on club activities and get exclusive offers from the Italian football club.
The world's largest cryptocurrency exchange, Binance has become the Italian football club, S.S. Lazio's new (main) jersey sponsor. The partnership agreement between Binance and Lazio is valued in excess of 30 million euros and the agreement will span for up to two years with an option to extend it to the third year.
In an official press release, the President of Lazio, Claudio Lotito said
"We are very satisfied with this new international collaboration. Our partnership with Binance will allow us to extend our digital presence and connect with our fans and followers from all over the world like never before".
Like other sports fan tokens
, LAZIO works as a governance token.
It offers its holders the liberty to vote on club decisions and gain access to exclusive rewards and benefits, many of which will be announced after the token is officially launched on October 21st.
Lazio fan token is not the only football fan token available in the blockchain world. Other successful launches include Manchester City Fan Token
(CITY) and Paris Saint-German Fan Token (PSG).
PSG experienced a major price gain as it grew by 300%+ at one point and also reached its all-time high of $61.23.
This huge price gain happened because one of the greatest players in the world of football, Messi, moved from Barcelona to PSG
in 2021, a transfer that shocked the entire world of football.
This also sets a precedence in the football fan token world, that a major player transfer can boost the price of a token significantly. This means that if Lazio adds big players to its Arsenal, the price of its fan token can rise in a linear fashion.
To acquire the LAZIO token before its trading is live on Binance, you have to commit your BNB for over a seven-day period
which started on October 14th and will end on October 21st. During this period, the BNB holdings will be locked and only be available after the final token distribution. To learn more about Binance launchpad subscription allocation, click here
The final token allocation is calculated based on the locked BNB and on October 21st, after which both BNB and LAZIO tokens will be transferred to the user's spot wallet.
Decisions on Club Activities
The holders of LAZIO tokens will be eligible to vote on club decisions, get exclusive club discounts, and maybe in the future also have a say on player transfers and other key decisions which make or break a football club.
Increase in Global Fan Base
The LAZIO fan token serves as an opportunity for every fan in the world to be a part of S.S. Lazio and take the global fan base to another level.
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) 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.
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.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap. CoinMarketCap is not responsible for the success or authenticity of any project, we aim to act as a neutral informational resource for end-users.