Binance is Launching Lazio Fan Token’s Sale – Market wrap
Binance announced that it would launch the 22nd project called Lazio Fan Token (LAZIO) on its Launchpad. According to the exchange, the token sale for LAZIO will follow the Launchpad subscription format. Furthermore, the recording of user BNB balances will start on October 14, 2021.
Binance plans to record user BNB balances for seven days. The process will end on October 21, 2021. The company will determine the final BNB holding amount for each customer as the average of the seven days. It will use the Daily Average BNB Balance calculation as usual.
The total supply of the tokens is 40,000,000 LAZIO. From that amount, the creator platform will allocate 4,000,000 LAZIO (10% of total supply) to Binance Launchpad. During the public sale, the price will be 1USD per LAZIO. However, the company will accept only BNB in exchange for its tokens.
What is Lazio Fan Token, and how does it work?
S.S. Lazio is one of the most successful Italian football clubs. Based in Rome, it has a remarkable winning history. Lazio plays in Serie A. It has been Italian champions twice. In addition, it has won the Coppa Italia seven times and the Supercoppa Italiana three times. The team has also won both the UEFA Super Cup and UEFA Cup Winners’ Cup on one occasion.
LAZIO is a native BEP-20 utility token. The team designed it to revolutionize the fan experience for all Lazio supporters. This token allows fans to engage with the club in various exciting ways. As a result, they will be able to influence club decisions through exclusive voting rights, access NFTs, and digital collectibles, as well as enjoy gamification features tied with special fan rewards or real-life experiences.
Furthermore, the team has built and issued the LAZIO token on the Binance Smart Chain (BSC). Thus, it empowered Lazio fans with more functionalities, broader accessibility, and lower transaction costs. BSC is a Proof-of-Staked-Authority mainchain. It was developed to run in parallel to the Binance Chain (BC). Consequently, it supports a major amount of token ecosystems based on it. Moreover, BSC offers smart contract functionality, along with compatibility with the rich Ethereum ecosystem through the Ethereum Virtual Machine (EVM).
LAZIO token holders will be able to utilize their tokens. They will have access to multiple features, such as loyalty subscriptions, voting sessions on Lazio affairs, NFT collection, and fan shop integration.
What are the key features of Lazio?
While the Lazio Fan token offers lots of advantages, the most important one is probably an integration of the Binance Ecosystem. This token belongs to the Binance platform. Thus, it can provide the token holders with the integration of Binance features, including but not limited to Binance NFT, Binance Fan Token, Binance Pay, Binance Charity, and several additional services in the Binance Ecosystem.
In addition, users owning Lazio Token, along with a pool of supporters, will feel a stronger connection and engagement with their favorite team. In fact, Lazio Team plans to seek Lazio Token holders’ input on club affairs. The team will run special voting polls to discover more regarding its fans’ opinions.
Lazio Token holders will also enjoy excellent utilities, including Fan Shop integration, Loyalty subscription, NFT collection, Mini-game, Donation, and more in the near future. Overall, this token offers unique possibilities and a wide range of features. Thus, most analysts consider it a good investment.
What about Strips Finance and its ICO?
Strips Finance is a Defi platform that allows customers to trade interest rate derivatives. This exchange allows for the trading of interest rate swaps derivatives. It will enable traders to swap variable interest rates for fixed rates in any funding rate or yield farm.
Furthermore, Strips Finance offers excellent leverage, the best yield farms to trade, and 24/7 liquidity. The company aims to become the foundation infrastructure layer for future Defi fixed-rate products.
Strips Finance is launching its native token’s ICO today. The sale will end on October 14, 2021, though. Investors will be able to buy STRP tokens on the MISO platform. Only 0.75% of the total supply will be available for sale, and the platform will accept USDC in exchange.
STRP is the native utility token. According to the team, customers will be able to use it for governance voting. The token will also help to provide liquidity in the AMM and enable its holders to collect rewards.
Strips Finance introduced an impressive roadmap, which includes perpetual interest rate swaps derivatives exchange, perpetual bonds issuance and secondary trading, fixed-term bonds, improved AMM with 24/7 liquidity, fixed-rate deposits, and APIs for third party bonds issuance.
How many tokens are in circulation?
Strips Finance created 5,000,000 STRP tokens at genesis. The team plans to issue 16,000,000 tokens each year for the community over the next three years. However, a customer must hold STRP tokens to provide liquidity into the insurance pools and AMM.
Ming Wu is the founder of Strips Finance. He is a seasoned professional high-frequency derivatives trader. Ming Wu boasts extensive experience in building high-frequency trading systems and strategies. He has already built three different trading desks in the past. As a result, he has a deep knowledge of market microstructure, programming languages, and project management. In addition, the team consists of highly talented developers.
Users can buy STRP on various exchanges, with cryptocurrency and stablecoin pairs currently available. However, Binance offers the largest number of pairs currently. Meanwhile, Huobi Global offers Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) options.
KCC MemePad will also begin its ICO soon
KCCM token is in the spotlight. It will become available on October 16, 2021. The team plans to sell 30,000,000 KCCM tokens. The price will be $0.001520 during the initial coin offering. That is 30% of the total supply. The company aims to raise $45,000 with the sale, and it will accept BNB in exchange for KCCM.
KCC MemePad is the first major micro and low Cap LaunchPad on KCC. It aims to bring safety and stability, along with exciting opportunities on the highly anticipated KuCoin Community Chain. The founder team individually handpicks projects and filters them based on its stringent measures so that the KCCM token holders get only the best of the best.
Furthermore, the company announced that KCC MemePad Hodlers would receive an allocation of projects launching on its platform based on its tier system and staking duration. The more users hold, the higher allocation they get.
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