Binance has just announced the next project on Binance Launchpool called Santos FC Fan Token (SANTOS) – a token for Santos fans developed on Binance Smart Chain (BSC).
Users will stake their BNB and BUSD into pools to farm SANTOS tokens for 30 days, with a starting period from 2021-11-27 07:00 AM.
After that, Binance will list SANTOS into innovation zone at 2021-12-01 18:00 AM and open trading with SANTOS/BTC, SANTOS/TRY, SANTOS/BRL, and SANTOS/USDT trading pairs.
SANTOS Details on Binance Launchpool
- Token Name: Santos FC Fan Token.
- Ticker: SANTOS.
- Total supply: 30,000,000 SANTOS .
- Total tokens allocated to Binance Launchpad: 1,500,000 SANTOS (5% of total tokens).
- Initial circulating supply: 4,550,000 SANTOS (15.17% of total tokens)
- Deposit Terms: No upper limit. Mandatory KYC
- Form of opening for sale: Register.
- Coins Supported: Binance Coin (BNB) and BUSD.
- Stake BNB : 1,200,000 SANTOS in rewards (80%)
- Stake BUSD: 300,000 SANTOS in rewards (20%)
- Staking: Starting from 2021-11-26 08:00 PM
- Farming Period: 2021-11-27 07:00 AM to 2021-12-27 06:59 AM
Distribution Farming SANTOS
Below is the amount of SANTOS distributed over time and each Pool BNB, BUSD. You can watch to consider choosing a time as well as join the Farm with BNB or BUSD or both to optimize profits.
- Snapshots of user balance and total pool balance will be taken every hour to calculate user reward, which will also be updated every hour.
- Users will be able to accumulate their rewards (calculated every hour) and claim these rewards directly to their spot account at any time.
- The annual percentage yield (APY) and total balance of each pool will be updated in real-time.
- Bets can only be placed on one group at a time. Example: User A cannot bet the same
- BNB on two different pools at the same time, but can allocate 50% of their BNB to pool A and 50% to pool B.
- Users will be able to withdraw their funds at any time without delay and join any other available pool instantly.
- Tokens placed in each pool and any unclaimed rewards will be automatically transferred to each user’s onsite account at the end of each farming period.
- BNB joining Launchpool will still provide users with standard benefits for holding BNB , such as airdrops, Launchpad eligibility, and VIP benefits.
Currently, Binance Launchpool also allows users to Farm coins such as Mines of Dalarnia (DAR), BENQI (QI), Fan Token Manchester City (CITY), and Santos FC Fan Token (SANTOS).
The issue of participating in the SANTOS farm, you can choose BUSD so that the cryptocurrency fluctuations will not be affected and get a profit when Farming out SANTOS.
I see that holding Binance’s BNB always has certain benefits when participating in Binance Launchpad and other rights on Binance. Good luck!