Introducing Binance Fan Club: Interact With Your Favorite Team Like Never Before
Main Takeaways
Binance Fan Club is a brand-new rewards redemption system built into the Binance Fan Token platform.
Collect Star Points by completing simple tasks, like learning about Fan Token or participating in Fan Token activities such as our Voting Polls.
The more Star Points you collect, the higher your level, which grants you access to better rewards.
Reimagine sports fandom with exclusive rewards, once-in-a-lifetime experiences, and a whole lot more — only on Binance Fan Token.
If you’re reading this, chances are you love sports. The glory, the upsets, the deafening roar of the crowd after a goal or a victory lap – people from all walks of life come together to support their team whether at the stadium or on the TV screen at home.
We at Fan Token have spent the past two years redefining what it means to be a fan, from facilitating the distribution of exclusive merchandise and NFTs to enabling fan polls that shape your team’s decisions. Today, we’re excited to announce the launch of Binance Fan Club — a brand new rewards redemption system built into the Binance Fan Token platform.
Don’t just watch your team from the sidelines or the couch. Engage, interact, and get closer to the action!
What is Binance Fan Club and How Does it Work?
Binance Fan Club gamifies the fan experience by rewarding you based on how much you engage with the team of your choice. Here’s how it works.
The Star Point system
First, you’ll need to collect Star Points. You can do this by completing simple tasks, like verifying your identity or participating in Fan Token activities such as our Voting Polls.
The more Star Points you collect, the higher your level.
In ascending order, the four levels are:
Academy
Starter
Captain
Superstar
So how do I unlock rewards?
Every month, we’ll release a new selection of stellar rewards for you to unlock in exchange for your Fan Tokens.
Think VIP tickets, signed memorabilia, and even a chance to meet your team’s star player. Higher-level users get access to better rewards, so make sure to collect those Star Points!
…Did We Mention Community Rewards?
Sports is all about community. We cheer when we’re winning and support one another when things don’t go our way. Community Rewards is our way of giving back to Fan Token users.
As the community grows in size and hits key milestones, we’ll release portions of a token prize pool to all users who’ve invited at least one friend. If you invite more friends and hit higher levels, you’ll be able to receive an even larger share of the prize pool based on a multiplier system.
Invitation Multiplier
Invite 1-2 friends: 1x multiplier
Invite 3-4 friends: 3x multiplier
Invite 5+ friends: 5x multiplier
User Level Multiplier
Level 1 (Academy): 1x multiplier
Level 2 (Starter): 2x multiplier
Level 3 (Captain): 3x multiplier
Level 4 (Superstar): 6x multiplier
Users will also receive additional rewards for inviting their friends:
Invite 1 friend: $1 worth of Fan Tokens
Invite 3 friends: $4 worth of Fan Tokens
Invite 5 friends: $14 worth of Fan Tokens
How The Multipliers Work
To calculate your Individual Multiplier, use the following formula: Invitation Multiplier * User Level Multiplier = Individual Multiplier.
Below is an example of how it would work if our Community Rewards Pool were shared between two users with different multiplier values.
User A is an Academy user who has invited one friend.
User B is a Captain user who has invited three friends.
$100 Community Reward Pool shared between 2 users:
Start inviting your friends and leveling up! The first Community Rewards prize pool will be worth $20,000 in Fan Tokens. For more details on how rewards will be distributed, you can check out our full announcement.
Discover What Fans Are Made of
Binance Fan Token is the ultimate destination for sports fans in the world of Web3. On our platform, you’ll find a world-class lineup of teams across various sports — from top-flight football to Formula 1 — along with an assortment of exciting activities, promotions, unique rewards, and much more.
If you’re new to Binance, create your account today and complete identity verification to jump right in!