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Binance is excited to announce the 27th project on Binance Launchpad – Alpine F1® Team Fan Token (ALPINE). The token sale for Alpine F1® Team Fan Token will follow the Launchpad subscription format, with the recording of user BNB balances starting at 2022-02-16 00:00 AM (UTC).
Binance will record user BNB balances for 5 days from 2022-02-16 00:00 AM (UTC) to 2022-02-21 00:00 AM (UTC). The final BNB holding amount for each user will be determined as the average of the 5 days, using the Daily Average BNB Balance calculation previously announced here.
ALPINE Token Sale Details:
- Token Name: Alpine F1® Team Fan Token (ALPINE)
- Launchpad Hard Cap: 4,000,000 USD
- Hard Cap Per User: 10,000 USD (10,000 ALPINE)
- Total Token Supply: 40,000,000 ALPINE
- Total Tokens Allocated to Binance Launchpad: 4,000,000 ALPINE (10% of Total Token Supply)
- Public Sale Token Price: 1 ALPINE = 1 USD (price in BNB will be determined prior to subscription)
- Token Sale Format: Subscription
- Supported Sessions: BNB only
- Preparation Period 2022-02-16 00:00 AM (UTC) to 2022-02-21 00:00 AM (UTC): During this period, user BNB balances will be calculated in hourly snapshots for each day over a 5-day period. Your final average daily BNB balance over these 5 days will determine the maximum amount of BNB that you can commit later on.
- Subscription Period 2022-02-21 06:00 AM (UTC) to 2022-02-21 09:00 AM (UTC): Subscription will open at this time for all eligible users for a 3-hour period. Users must also sign the Token Purchase Agreement at the same time, prior to committing their BNB. Please note that once committed, your BNB will be locked and you will not be able to redeem or access any other functions such as transfers, withdrawals or trading until final token distribution.
- Calculation Period 2022-02-21 09:00 AM (UTC) to 2022-02-21 10:00 AM (UTC): Subscription closes and token allocation calculation begins.
- Final Token Distribution 2022-02-21 10:00 AM (UTC): Your final token allocation will be calculated and the corresponding BNB will be deducted from your already-locked BNB amount. Once deducted, your ALPINE and BNB tokens will both be transferred to your spot wallet.
To learn more about Alpine F1® Team Fan Token (ALPINE), read Binance Research's in-depth report here.
- Launchpad Subscription Format FAQ
- Launchpad Detailed Allocation Calculation and BNB Deduction Rules
Alpine F1® Team Fan Token Project Links:
Fan Token Page: https://www.binance.com/en/fan-token
Reminder: Users need to complete their account verification and also be from an eligible jurisdiction to participate in this token sale.
* Users from the following countries or regions will not be able to participate in token sales on the Binance Launchpad platform:
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.