Santos FC Fan Token
Crypto Overview
Overview
Santos FC Fan Token is a fan token launched in partnership between Santos FC, a Brazilian football club, and the Binance Fan Token platform. The token was created to enhance fan engagement and provide token holders with various privileges and voting rights related to the club.
Intended Utility
The primary purpose of SANTOS is to give fans exclusive access to club-related benefits, including: voting rights on certain club decisions, access to exclusive merchandise, VIP experiences, and fan rewards. The token operates on the BNB Chain.
Actual Utility Assessment
The token demonstrates actual utility through its integration with the Binance Fan Token platform, where holders can participate in various fan activities and votes. There is evidence of real-world usage through fan voting events and engagement activities organized by Santos FC.
Token Distribution and Governance
The token was launched through Binance Launchpad, with a clear distribution mechanism. A portion of tokens is held by Santos FC for club-related activities and development. The token distribution appears transparent and aligned with its stated purpose.
Revenue Model and Operations
The revenue model is based on: initial token sales, secondary market trading, and the creation of value through fan engagement utilities. The platform does not involve interest-based mechanisms or gambling activities.
Technical Implementation
The token is implemented as a BEP-20 token on the BNB Chain, with standard functionality for transfers and ownership. The technical implementation is straightforward and doesn't involve any concerning mechanisms from a Shariah perspective.
Crypto Impact
To assign a comfort level investing in Santos FC Fan Token from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Santos FC Fan Token.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.