While the entire cryptocurrency market is in a bit of a swing down the hill, the Santos cryptocurrency has appreciated in price by over 45% in the last 24hrs.
Following the slight relief in the digital assets markets, cryptocurrency, Santos is leading the way with a 24hrs volume of over $200 million at the time of writing.
At Glance
● Santos is a fan token of the Brazilian football club Santos FC.
● Santos is up over 45% in the last 24hrs and 54.9% in the last 7 days.
● Santos was launched in November 2021 via a partnership with the Binance Launchpad.
● Santos has grown more than 1200% since launch and analysts believe it may keep increasing.
● Santos is based on Binance Smart Chain(BSC).
● Santos has about 18,554 holders at the time of writing.
● Since its launch, there have been over 691k transactions via the Santos token.
● Santos has a market cap of over $82 million with a max token supply of 30 million.
What is Santos Fan Token?
Santos is a fan token of the Brazilian football club, Santos FC. The sports club is known for breeding several great players in the history of football, notably, Neymar Jr and Pele both played for Santos FC.
The team Fan Token was born via a partnership with Binance, the world's largest cryptocurrency exchange by volume and users.
November 2021 marked the launch of Santos Fan Token on the Binance launchpad which was a product up until December 28, 2021.
Why Is Santos Pumping?
Santos Fan Token was created as a way to build a relationship and engagement between the football club and its fanbase. Notably, this was exciting given that fans could leverage this for more exposure to their favorite team.
The Santos token is up over 45% in the last 24hrs, following data from diverse sources, the cryptocurrency has had a pretty close-range price prediction. However, at the time of writing, it is yet to break its previous all-time high of $21.84.
The price predictions for Santos are widely spread. The cryptocurrency has a max supply of 30 million tokens which makes it amongst the most scarce cryptocurrencies.
Following this, currently, there's only a circulating supply of about 4.5 million tokens. The asset allocation of Santos is as follows:
● User Fund - 35%
● Developer Fund - 25%
● Team - 20%
● Loyalty Subscription - 15%
● Binance Launchpool - 5%
When Was Santos Fan Token Launched?
The cryptocurrency was deployed on the Binance launchpad, a platform that allows users to deposit and earn interest on their cryptocurrency on November 27, 2021.
Due to its limited supply and utility, Santos is believed to have a healthy market environment, at the time of writing, all historical price trends keep it in the green.
Being built on Binance smart chain (BSC), the Santos token is secured by the network.
What are the benefits of Holding Santos Fan Token?
A couple of the utilities or benefits of holding Santos are access to fan rewards, digital collectibles, and loyal points.
Santos holders can also pay for match tickets, club membership, merchandise, and goods via Binance pay using Santos.
Santos holders can also participate in voting sessions held on the Binance platform. Loyal fans have more exposure to the club and can get to have meetings and even training sessions with the club and its legends.
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