How to participate in a Binance Fan Token offering?

Understanding Binance Fan Token Offerings

1. Binance Fan Token offerings are time-bound sales of utility tokens tied to sports clubs, esports teams, and entertainment entities. These tokens grant holders access to exclusive features such as voting rights, limited-edition merchandise, and interactive fan experiences.

2. Each offering is conducted on the Binance Launchpad platform and follows a strict schedule announced in advance. Eligibility depends on holding BNB in a Binance spot wallet at the time of snapshot.

3. The number of tokens allocated per user is determined by the amount of BNB held during the snapshot window, subject to individual caps defined for each campaign.

4. Tokens are distributed shortly after the offering concludes, and become tradable once listed on Binance’s spot market.

Eligibility Requirements

1. Users must complete identity verification (KYC) at Level 2 to participate in most Fan Token offerings.

2. A minimum balance of BNB must be maintained in the spot wallet during the designated snapshot period — typically 24–48 hours before the sale begins.

3. Accounts flagged for suspicious activity or residing in restricted jurisdictions—including the United States, Canada, and certain Middle Eastern countries—are automatically excluded.

4. Participation is limited to individual accounts; institutional or API-based participation is not permitted.

Step-by-Step Participation Process

1. Monitor the Binance Launchpad announcements page for upcoming Fan Token offerings, including dates, tokenomics, and team partnerships.

2. Ensure your KYC status is verified and your BNB balance meets or exceeds the minimum threshold specified for that offering.

3. Wait for the snapshot to occur—no action is required during this phase, but funds must remain in the spot wallet.

4. Once the offering opens, eligible users receive a personalized allocation window where they can confirm participation using their allocated BNB.

5. After confirmation, BNB is deducted and tokens appear in the spot wallet upon distribution.

Post-Offering Token Management

1. Fan Tokens are credited directly to the user’s Binance spot wallet and can be held, traded, or used within the Binance ecosystem.

2. Voting power in club polls is proportional to the number of tokens held and may require staking in specific campaigns.

3. Some Fan Tokens enable access to Binance NFT marketplace perks, including early mints or discounted fees for team-related digital collectibles.

4. Token balances are visible under the “Wallet” tab and support standard withdrawal functionality to external wallets supporting the BEP-20 standard.

Frequently Asked Questions

Q: Can I use assets other than BNB to participate?No. Only BNB held in the spot wallet qualifies for eligibility and allocation calculation.

Q: What happens if my BNB balance drops below the minimum after the snapshot?The snapshot locks the balance at that moment. Subsequent transfers do not affect allocation.

Q: Are Fan Tokens subject to lock-up periods after purchase?Most Fan Tokens have no lock-up; they are fully transferable and tradable immediately upon distribution.

Q: Do I need to hold Fan Tokens continuously to retain voting rights?Voting eligibility resets with each poll and depends solely on the token balance at the time of vote initiation.