November 6 (0:00 AM UTC) - November 16 (0:00 AM UTC) - Preparation period: In this 10-day phase, Binance takes hourly snapshots of the BNB holdings of each user.Here's how the timeline for the PORTO token sale on Binance Launchpad will work, as explained by Binance: FC Porto Fan Token IEO Subscription Timeline If you pass all of these requirements, you can participate in the FC Porto Fan Token IEO and acquire PORTO tokens at the token sale price. Residents of these countries are not allowed to participate in the FC Porto Fan Token IEO:īelarus, People's Republic of China, Democratic Republic of Congo, Cuba, Iraq, Iran, North Korea, Singapore, Sudan, Syria, United States of America and its territories (American Samoa, Guam, the Northern Mariana Islands, Puerto Rico, and the U.S. In order to be eligible for the FC Porto Fan Token IEO, you have to complete the identity verification process, accept the token purchase agreement, and be a resident of a supported country. To ensure a fair allocation for all participants, we will be setting a max cap of token allocation per user. Select the FC Porto Fan Token IEOĪfter you're verified, select the FC Porto Fan Token from the list of upcoming and completed Binance Launchpad token sales.īinance introduced a new Launchpad subscription format that allows BNB holders to commit an amount of BNB towards a token sale, where their final allocation of the new token is determined by the ratio of their committed BNB against the total committed BNB by all participating users. How and Why you Should do KYC on Binance? 3. If you have any questions about the KYC process on Binance, you can find a step-by-step guide on the link below: We have already covered Binance’s identity verification process in another guide. This is done to verify your identity and location, as residents of some countries are prohibited from buying tokens on Binance Launchpad. In order to participate in Binance Launchpad IEOs, you have to pass a know your customer (KYC) process. Now, you can see all the completed and upcoming IEOs on Binance. How to buy Binance Coin (BNB) on Binance?Īfter you successfully register, go to the Launchpad section of the navigation menu. The first step for participating in the token sale is to create an account on Binance. ![]() You will also have to hold some BNB and verify your BNB account if you want to participate. The FC Porto Fan Token sale on Binance Launchpad is available to users from supported countries. How to invest in the FC Porto Fan Token IEO on Binance Launchpad? Here's a quick recap of the timeline for the FC Porto Fan Token sale: The PORTO token will be issued on the Binance Smart Chain blockchain as a BEP-20 token. Supporters of the club can buy PORTO tokens to participate in exclusive polls held by the club, earn NFTs and special perks like signed merchandise and meet-and-greets. ![]() ![]() The FC Porto Fan Token (PORTO) is the result of a collaboration between Binance and Portuguese soccer club FC Porto. The PORTO tokens will be sold at the equivalent of $1 each (the price will be set in BNB). FC Porto Fan Token will be the 23rd project featured on Binance Launchpad, and they're looking to raise $4 million by selling 10% of the token's total supply. Binance will start recording BNB balances on November 6, and will be doing so until November 16. To become eligible for participating in the token sale, users need to hold BNB tokens on the Binance cryptocurrency exchange. Binance has announced that FC Porto Fan Token (PORTO) will be the next project featured on the Binance Launchpad platform.
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