Binance Launchpad: How to buy Lazio fan tokens? Worldwide?
Greetings, Binance has announced its 22nd Project on the launchpad. The fan token of S.S Lazio, one of Italy's most valuable and old football teams, is replaced by Binance. With this agreement, which surprised the entire coin community, Binance users will be able to hold S.S Lazio fan tokens by keeping BNB in their accounts for 7 days and paying BNB with the average received on the last day. A new opportunity to win on Binance Launchpad is meeting with Binance users. As a Binance global subscriber, you can buy Lazio fan tokens worldwide.
How to buy Lazio tokens? Step by step;
The process is simple;
1. Keep BNB in your account for 7 days.
2. The system will calculate how many BNB Lazio tokens you can buy by taking the average of BNB in your account.
3. If you deposit the BNB amount, which is the average of your account, the system will receive your BNB coins and will give you lazio tokens equal to its equivalent.
4. Once the listing is complete, you can start trading with your Lazio tokens.
Official Binance description;
Dear Binance Users,
Binance is pleased to introduce the 22nd project on Binance Launchpad: Lazio Fan Token (LAZIO). The token sale for the Lazio Fan Token will be in the Launchpad opt-in format and will begin recording users' BNB balances as of 14/10/2021 at 03:00 CEST.
Binance will record users' BNB balances for 7 days, from 03:00 on 14/10/2021 until 03:00 on 21/10/2021. The final BNB balance for all users will be determined by averaging these 7 days using the Average Daily BNB Balance calculation we announced here earlier.
Details of the LAZIO Token Sale:
Token Name: Lazio Fan Token (LAZIO)
Launchpad Cap: 4,000,000 USD
Participation Limit 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 Token Sale Price: 1 LAZIO = 1 USD (Price in BNB will be determined prior to the date of participation)
Token Sale Format: Participation
Sessions Supported: BNB only
The Preparatory Period will last from 03:00 on 14/10/2021 to 03:00 on 21/10/2021. During this period, user BNB balances will be calculated with hourly snapshots taken every day during the 7-day period. The maximum amount of BNB you can then allocate will be determined based on your final average daily BNB balance during these 7 days.
Entry Period 21/10/2021 at 09:00 CEST – 21/10/2021 at 13:00 CEST: Entries will be open for 4 hours for all eligible users during this period. Users must also sign the Token Purchase Agreement before allocating their BNB. Please note that your BNBs will be locked after they are allocated, you cannot unlock your BNBs until the final token distribution and you cannot use your BNBs for functions such as transfers, withdrawals or trading.
Calculation Period 21/10/2021 at 13:00 (CEST) – 21/10/2021 at 14:00 (TST): The participation will be closed and the calculation of the token amounts to be received will begin.
Final Token Distribution 21/10/2021 at 14:00 CEST: The amount of token you will receive will be calculated and the corresponding BNB amount will be deducted from your previously locked BNB balance. Once this process is complete, both your LAZIO and BNB tokens will be transferred to your spot wallet.
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