S.S. Lazio Fan Token LAZIO
About
What Is Lazio Fan Token (LAZIO)?
Lazio Fan Token (LAZIO) is a fan token by Binance — the world’s biggest and most popular cryptocurrency exchange. So far, fan tokens have only been created by Socios, the company behind fan tokens for several other football clubs, such as PSG, and fan tokens for the UFC and car racing. Binance is leveraging the popularity of fan tokens, which give their holders ownership of the club’s governance and allow them to affect decisions, access exclusive promotions, unlock VIP rewards and gain special recognition by the club. Following the success of other fan tokens, Binance struck a deal with SS Lazio worth over 30 million euros lasting over two years, with the option to extend it for a third year. The president of Lazio expressed his satisfaction with the following statement:
“We are very satisfied with this new international collaboration. Our partnership with Binance will allow us to extend our digital presence and connect with our fans and followers from all over the world like never before.”
One can expect the success of the fan token to track the performance of the players on the pitch, with wins boosting demand and, therefore, the price.
Who Are the Founders of Lazio Fan Token?
SS Lazio is one of Italy’s most prestigious and long-standing clubs, with a rich history and recent Champions League participation. Lazio has two Seria A titles, seven Coppa Italia titles, three Supercoppa Italiana titles and one UEFA Cup Winners’ Cup and UEFA Super Cup title each. Binance is the world’s biggest cryptocurrency exchange, launched by Changpeng Zhao, the current CEO. Its Binance Coin (BNB) token is one of the most valuable tokens on the market. Binance struck a partnership deal with Socios, the company behind other fan tokens, in December 2020, which saw its launchpad act as a distribution platform for new fan tokens. That way, fan tokens are exposed to even more potential investors, raising the potential upside for fans that acquire them.
Technical Details
How Is the Lazio Fan Token Network Secured?
LAZIO 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.
More Info
What Makes Lazio Fan Token Unique?
Lazio Fan Token follows the model of fan tokens by other football clubs. It represents ownership of a voting right and gives fans access to earn unique club-specific rewards and experiences. One example would be when fans influence specific decisions, such as determining the message on their captain’s armband. Fans also get the chance to win exclusive access to the club. For instance, they can visit the player area in the stadium or receive rights to watch a match in the VIP zone and get discounts on club merchandise.
Furthermore, by launching on the Binance Smart Chain, fans benefit from broader accessibility, more functionalities, and lower transaction costs. Binance is also planning voting sessions on Lazio affairs, loyalty subscriptions, fan shop integrations and a NFT collection for token holders.
How Many Lazio Fan Token (LAZIO) Coins Are There in Circulation?
The total supply of LAZIO will be 40 million. 10% of that will be allocated to the public sale on Binance at a price of $1 for 1 LAZIO. The hard cap on the public sale will be $4 million, with a hard cap of 20,000 LAZIO per user.
When Will Lazio Fan Token Trading Begin?
LAZIO will be launched on October 21 on Binance Launchpad. Prior to that, Binance users can become eligible for LAZIO tokens by keeping BNB in their accounts. The balance of BNB determines the amount of LAZIO allocated to each user, with each user being allowed a maximum of 20,000 LAZIO. The price of LAZIO will be $1 at the public sale.
Where Can You Buy Lazio Fan Token (LAZIO)?
LAZIO will be available on Binance.
Cryptocurrency newbie? You can read more about how to enter the market and how to buy LAZIO or any other token in the CoinMarketCap education portal — Alexandria.
AI Analysis
What is the S.S. Lazio Fan Token (LAZIO) cryptocurrency good for? What are its main use cases?
The S.S. Lazio Fan Token (LAZIO) is a cryptocurrency designed primarily for the fans of the Lazio football club, based in Rome, Italy. Here are some of its main use cases:
Fan Engagement: LAZIO allows fans to engage more directly with the club. Token holders can participate in polls and votes related to various club decisions, including aspects of club operations, merchandise design, and other fan-related activities.
Exclusive Rewards and Benefits: Token holders may gain access to exclusive content, experiences, and rewards, such as discounts on merchandise, access to special events, or chances to meet players.
Access to Unique Experiences: Through the token, fans can potentially access unique experiences, like VIP seats at matches, hospitality services, or invitations to special events organized by the club.
Community Building: The LAZIO token helps create a sense of community among fans, allowing them to connect with each other and engage in club-related activities collectively.
Trading and Value Appreciation: Like many cryptocurrencies, LAZIO can be traded on various cryptocurrency exchanges. Fans and investors might view it as a speculative asset, looking for potential value appreciation over time.
Participation in Club Activities: Some token offerings provide holders with the opportunity to participate in club activities beyond just voting, which may include influencing certain decisions or initiatives.
It's important for potential investors or fans to research and understand the specifics of what the LAZIO token offers, including any requirements or restrictions that may apply to its use.
What blockchain does S.S. Lazio Fan Token use? Is it its own blockchain or built on top of another?
The S.S. Lazio Fan Token operates on the Ethereum blockchain. It is not its own separate blockchain; rather, it is an ERC-20 token that utilizes Ethereum's infrastructure for its operations. ERC-20 is a standard for creating tokens on the Ethereum network, allowing for compatibility and interaction with various applications and wallets within the Ethereum ecosystem.
Is S.S. Lazio Fan Token programmable? Does it support smart contracts or decentralized applications?
As of my last update, the S.S. Lazio Fan Token (LAZIO) is based on blockchain technology, specifically on the Chiliz blockchain, which supports fan engagement and interaction within sports. However, it is primarily designed for fan engagement rather than as a platform for creating smart contracts or decentralized applications (dApps).
Fan tokens like LAZIO typically enable holders to participate in various club-related activities (e.g., voting on club decisions, accessing exclusive content, etc.) but do not inherently support programmability in the same way that Ethereum does for complex smart contracts. They are more focused on enhancing fan interaction rather than serving as a general-purpose platform for dApps.
For evolving or specific features, it's always good to check the latest updates from official sources or the platform where the token operates, as developments in blockchain can change the capabilities of specific tokens.
How fast are S.S. Lazio Fan Token transactions? What is the typical confirmation time and throughput (transactions per second)?
S.S. Lazio Fan Token (LAZIO) is built on the Chiliz blockchain, which is designed to handle fan engagement and tokenization for sports fans. The performance of transactions on the Chiliz blockchain, including those for S.S. Lazio Fan Tokens, generally offers relatively fast transaction speeds.
While exact figures can vary based on network conditions and congestion, the Chiliz blockchain typically aims for:
- Transaction Speed: Transactions on the Chiliz network can usually be confirmed in a matter of seconds.
- Confirmation Time: Most transactions are confirmed within about 5 to 10 seconds.
- Throughput: The Chiliz blockchain is capable of handling several hundred transactions per second, although the maximum throughput can depend on various factors such as network load and specific implementation details.
For the most accurate and current information, it is advisable to check the official Chiliz documentation or community updates, as blockchain capabilities can evolve over time.
How much data can I store on the S.S. Lazio Fan Token blockchain? Does it support on-chain data storage?
The S.S. Lazio Fan Token operates on the Ethereum blockchain, specifically utilizing the ERC-20 token standard. Ethereum primarily supports the execution of smart contracts and the storage of token balances, but it is not designed for large-scale on-chain data storage like some other blockchains.
While you can store some data on Ethereum using smart contracts, this is typically limited to essential information such as token ownership and transaction details. Storing large amounts of arbitrary data on-chain can be costly due to gas fees and is generally not practical.
If you need to store data related to the Fan Token or user interactions, it's usually done off-chain, with references to that data stored on-chain (e.g., using hashes or identifiers). For larger datasets or complex data storage, decentralized storage solutions like IPFS (InterPlanetary File System) or other blockchains designed for on-chain data storage might be a better fit.
In summary, while you can store some data on the Ethereum blockchain, it's not meant for extensive on-chain data storage, and there are limitations and costs associated with it.
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