Binance’s first ever fan token launch goes off with a bang as lucky users saw huge gains on their investment.
Lazio Fan Token Launch
The Serie A outfit will have been more than pleased to see interest in their fan token release ignite upon launch.
The token price for LAZIO was set at 0.002 BNB or $1. At the time of writing $LAZIO sits at $21.28 on CoinGecko and it doesn’t appear to be falling. This huge interest and spike in price has not gone unnoticed, with some important figures indicating their admiration:
“In the first 15 minutes of trading, LAZIO did more than $150m USD worth of trading,” Binance CEO, Changpeng Zhao revealed, “22x increase in price from Launchpad, giving it close to $1 billion in market cap. A new chapter has began, fan tokens.”
CZ’s nod at the beginning of a new chapter will have sports fans and crypto users alike on their toes after seeing the huge success enjoyed by Lazio’s token launch. Hopes had already been high after an exclusive sponsorship deal was announced and the token launch duly delivered.
The token launch was incredibly oversubscribed, with over 225,000 participants taking place and committing 8,110,631 BNB during the subscription period. Binance will hope to garner the same interest in similar fan tokens going forward.
The graphic on the Binance fan token web page suggests that other teams are indeed in the pipeline, and we’ll be following closely to see whether they can do just as well as Lazio has managed to so far.
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Source : bsc.news
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