Artistone

Binance Announces ALPINE Token Sale on Its Launchpad Platform

UTC by Benjamin Godfrey · 3 min read
Binance Announces ALPINE Token Sale on Its Launchpad Platform
Photo: Alpine F1 Team / Facebook

Beyond the current use cases that encompass fan engagement, the ALPINE token will also be used as a donation currency in the near future.

The Binance exchange, the world’s largest digital currency trading platform has announced the sale of the Alpine F1® Team Fan Token (ALPINE) as the 27th project to be hosted on the exchange’s Launchpad. According to an official announcement from Binance, the token sale will follow the exchange’s established format for related sales and will begin with the preparation period that is marked by the recording of the user’s Binance Coin (BNB) balances starting today.

Per the details of the sales as shared by Binance, the launchpad hard cap is pegged at $4 million, with the hard cap per user pegged at $10,000 respectively. While the total supply of the ALPINE token is pegged at 40 million, the allocation to the Binance launchpad is pegged at 40 million, approximately 10% of the total supply.

While users will be required to take part in the purchase through subscriptions only, the only supported pool is that of BNB.

Per the subscription timeline, the preparation period is billed to span from 2022-02-16 00:00 AM (UTC) to 2022-02-21 00:00 AM (UTC). During this period, an hourly snapshot of the user’s BNB balances will be taken for the 5 days duration. The average funds committed here will determine the maximum amount of funds that can be deposited to finally actualize the purchase later on.

The preparation period is succeeded by the Subscription Stage will span three hours on February 21 between 6 am and 9 am UTC. The 1 hour Calculation period will follow the same day as well as the final distribution of the token. At the end of the calculation period, both the locked BNB and the corresponding ALPINE tokens allocated will be transferred to the subscriber’s wallet address on the Binance exchange. Committed BNB beginning from the subscription phase cannot be utilized in any form until the end of the distribution.

ALPINE on the Spotlight as the 27th Project on Binance Token Sale Launchpad

As one of the world’s most prestigious digital currency trading platforms, Binance exchange vets the tokens it flaunts for sale on its launchpad in a bid not to erode the value offering to its community.

ALPINE fits the description of a solid project perfectly as the token is not just native to the Binance Smart Chain (BSC) network, it empowers the BWT Alpine F1® Team fans to participate in team voting polls, hunt digital collectibles, purchase NFTs, and enjoy gamification features that are tied with fan rewards or great experiences.

Beyond the current use cases that encompass fan engagement, the ALPINE token will also be used as a donation currency in the near future. Overall, the token’s inherent qualities, targeted use cases and the expertise of the development team headed by Guillaume Vergnas, a B2B Partnerships Manager with over 5 years of experience building partnerships in F1® and the automotive industry are what endeared the project to the Binance Launchpad.

Altcoin News, Blockchain News, Cryptocurrency news, News
Benjamin Godfrey

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

Related Articles