Alpine F1 Team Fan Token

Alpine F1 Fan Token was introduced by Binance as the inaugural Formula 1-themed fan token. The token release was inspired by the success of SOCIOS in the fan token space. This initiative allows fans to interact and engage directly with the Alpine racing team. Token holders can actively participate in team operations through voting mechanisms. Users gain exclusive access to exclusive insider merchandise, further elevating the fan experience.

According to Coinmarketcap, the maximum supply is capped at 40m, and the initial circulating supply is less than 30% as of July 2023.

Staking would allow users to influence the organization's proceedings by voting on major decisions, which could be a concern if the allocation is concentrated amongst large wallets.

The bear market has led to reduced interest and saw a massive drop in holders. The token price is down 82% from it’s all-time high as of August 2023.

Alpine is a fan token that exists in an up-and-coming niche.

It is built on the BSC network and is validated using the PoS mechanism.

The platform will also introduce gamification features to engage token holders further. For instance, fans can pay for their team membership with their fan token and buy merch from the team's e-commerce platform.

It allows users to win exclusive merchandise, meet the team members and introduce fan interaction.