Alpine F1 Team Fan Token price

ALPINE

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The Alpine Team is part of Alpine Cars, a French manufacturer of racing and sports cars belonging to the Renault Group. It was established in 1955 and launched its own esports division in 2021. Alpine's project team for the token launch consists of:

• Guillaume Vergnas (B2B Partnerships Manager): has five years of experience in building partnerships in F1 and the automotive industry.
• Achille Dulac (Business Development Manager): has eight years of experience in developing brand collaborations, relationship management, and market expansion.
• Angela Liu (Partnership Coordination Officer): has nine years of experience ranging from strategy consulting in the sports and entertainment industry.
• Matthias Moulin (Global Business Development Manager): has ten years of experience in acquiring and managing sponsorships, commercial partnerships, and account management.

Binance was launched by Changpeng Zhao and is the world's biggest cryptocurrency exchange. Its Binance Coin (BNB) token has become a top 5 cryptocurrency thanks to the extraordinary success of Binance and the Binance Smart Chain. After striking a deal with Socios in December 2020, Binance became the new fan tokens' distribution platform.

Binance outlines several current and future use cases for the ALPINE token.

Right after its launch, ALPINE token holders will be able to participate in fan engagement-related voting sessions on Binance. Although Alpine hasn't yet outlined any details about how this could look in practice, other fan tokens like LAZIO and PORTO allowed fans to vote on issues like choosing the starting eleven for a test fixture and influencing what color the captain's band should have.

Furthermore, ALPINE holders will be able to stake their NFTs for rewards and other digital collectibles at the so-called "NFT PowerStation." This also includes loyalty subscriptions and gift cards. They will also have access to other benefits like direct contact with the F1 team on the Binance Fan Token Platform, signed merchandise, meet-and-greets with the drivers and more.

In the future, token holders will be able to donate directly to the team and receive a loyalty badge for it. The platform will also boast more gamification features to further engage token holders. For instance, fans will be able to pay for their team membership with their fan token and buy merch from the team's e-commerce platform.

The total supply of ALPINE will be 40 million. 4 million ALPINE (10% of the total supply) will be allocated to Binance as part of the public sale. The public sale price will be 1 USD per ALPINE The initial circulating supply of ALPINE will be 28.40%. The token distribution will be as follows:

• Launchpad sale (10%)
• Team (18%)
• Loyalty Subscription (15%)
• User Fund (35%)
• Developer Fund (22%)

Tokens will be released linearly once per year over five years. The token will allow fans to engage with the team, gather limited collectibles, have special brand experiences, and enjoy voting rights over team-based decisions.

ALPINE will be a BEP-20 token on the Binance Smart Chain (BSC).

BSC is secured through the proof-of-stake consensus mechanism. 21 validators are elected every 24 hours to validate transactions and maintain blockchain security. These validators have to stake a certain amount of BNB coins with Binance to be eligible to do so.

ALPINE will be available on Binance.

Cryptocurrency newbie? You can read more about how to enter the market and how to buy ALPINE or any other token in the CoinMarketCap education portal — Alexandria.

Check out Paris Saint-Germain Fan Token (PSG).

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Learn more about ALPINE in our deep dive and price prediction about ALPINE.

What are fan tokens? Learn more on our deep dive on fan tokens.

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