Porto - another fan token. Is it worth investing in them?

Today we are taking a look the Porto cryptocurrency, aired on Binance Launchpad through the Portuguese football club of the same name. It is worth investing in "football" cryptocurrencies and does having them allow you to earn only by changing the price or maybe it gives something more? We check the cryptocurrency, which has increased in price by over 60% in the last month.

We are continuing the cycle of the Forex Club portal in which we analyze and describe the largest, highest-valued, most interesting, most developing, advanced and also the most controversial cryptocurrency projects around the world. Today it's time for Porto - another football tokens, which is intended not only for fans of this sports team.

What are fan tokens

Fan cryptocurrencies, or fan tokens, are virtual money issued in cooperation with sports teams that can boast a large crowd of fans, not only in their country. However, their owners do not buy them only for investment purposes, or at least not all do. Having your team's tokens gives you the right to special privileges related to its sports competition. 

The range of bonuses depends almost entirely on the creativity and openness of the clubs. In most cases, these are discounts on tickets or priority access to their purchase. Club cryptocurrency holders can also purchase exclusive non-exchangeable NFT tokens associated with the club. Here and there they also have a decisive influence on what their team will wear, what motivational slogan will hang in the club's locker room, what music will be heard during the break in the stadium, etc. Holders of larger packages have access to regular meetings with athletes or coaching staff. 

Fan tokens have many clubs like that FC Barcelona, ​​Lazio Rome or Brazilian Santos. These tokens can be purchased on cryptocurrency exchanges and are therefore subject to normal price fluctuations. 

What does the Porto fan token give you

This cryptocurrency is a BEP-20 utility token. Its owners already take part, for example, in voting regarding their club, which directly translates into what is happening at the stadium. They choose, among others a warm-up song for the players to enter the pitch or a welcome message displayed during a specific match. 

You can also buy for Porto NFT Mystery Boxes FC Porto. They can be staked, i.e. deposited on a permanent deposit with an interest rate of 18,35% per annum. Interest is also paid in Porto.

How does the Porto fan token work?

Porto fan tokens were launched in 2021. The choice of this club from Portugal was actually obvious. FC Porto - together with Benfica Lisbon and Sporting Lisbon - form the so-called the big three who regularly share the most valuable trophies in the country. FC Porto, founded as early as 1893, has the most international titles in the Portuguese league, and is also a regular in European cups with the UEFA Champions League at the forefront. 

Token issued on BNB Chain (formerly Binance Smart Chain, BSC) has several uses in the ecosystem. First of all, it is a utility token, i.e. it allows for specific actions that we have described. It pays off to have as many Porto as possible, because, for example, voting in the survey is based on proportionality - the more tokens you collect, the more votes you can cast. Owners of more cryptocurrencies also have a better chance of a very rare NFT, for example with legendary goalkeepers of the team, including a Pole Joseph Mlynarczyk.

Only Porto tokens can be staked, but also non-exchangeable NFT tokens on NFT PowerStation. They also allow you to get increased interest and additional rewards. The better the NFT and the longer you deposit, the bigger the rewards too. 

It is also planned to use tokens to pay for loyalty subscriptions. As part of them, you will be able to meet regularly with team members, receive fan badges, and receive club gadgets. Porto cryptocurrency can already be used to pay for tickets to matches.

Porto cryptocurrency quotes

Currently, Porto tokens can be traded on 4 cryptocurrency exchanges. Each one costs $ 3,96. There are 7 tokens in circulation, out of the target of 800. This translates into a capitalization of almost USD 000 million. This cryptocurrency peaked on November 40, 000, when each Porto was paid $ 000.