Binance has launched a “fan token” for the Brazilian soccer team Santos."

Santos has announced Binance as its sponsor and licensee for fan tokens and NFTs.

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The Santos FC Fan Token will be issued through the Binance Launch Pool and users will be able to farm tokens in the BNB Pool and BUSD Pool for 30 days.

The world’s largest digital asset brokerage will stamp its brand on the club jersey and training kit in Sunday’s game against Internacional.

The partnership will yield $10 million to the Club and the brand will stay at the club for the next three years.

Binance co-founder and CEO Changpeng Zhao expressed his belief that the Binance Fan Token would make it possible for fans to show their love for their favorite teams.”

“Receiving Santos on our platform is an important milestone for our club, since it is a very traditional Brazilian club.This country is one where football is an important part of national identity,” he said.

"As we enter the Latin American football culture, Binance will promote amazing activities and new engagement opportunities for fans across the continent who are ready to venture into the world of fan tokens."

Binance will offer a Fan Token on its platform.Fans may collect and use NFTs to participate in exclusive polls and unlock badges and rewards based on their level of engagement.

Binance is making a partnership with the Latin-American football club.

The Santos FC president said the club was excited to partner with Binance through this agreement which reinforces the club's commitment to providing fans with meaningful experiences with unparalleled access to the engagement platform they need.

Our passion for creating innovative ways to engage with our fans has been further ignited by this partnership. This partnership represents a new chapter in our club's history.” He added,

Santos FC is the only club in Latin America that has partnered with Binance so far.

Binance has partnered with other soccer teams in other countries, including Lazio and Porto.

When the users are able to exchange SANTOS Fan Token on the following trading markets:SANTOS/USD SANTOS/BTC SANTOS/BOE and SANTOS/TRY.

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