The ALPINE altcoin will be released on the Binance Launchpad platform. A special NFT series will also be featured.
The BWT Alpine Formula 1 team will be the first racing team endorsed on the Binance Fan Token platform. The ALPINE token will be released on the Binance Launchpad platform, according to a Binance representative. The team will also release a limited edition collection of NFT.
In the beginning, the Alpine token will only be available for purchase on the Launchpad platform. Later, it will be available on a spot section of the exchange and can be bought with a bank card or through peer-to-peer.
There will be a total of 4 million ALPINEs allocated for sale on Launchpad (about 10% of the total supply). The maximum fee is 4 million dollars, and the limit for each user is 10 thousand dollars.
This is not the first time that a Formula 1 team has issued its own token. Last year, Aston Martin and Alfa Romeo presented their coins. They launched their tokens on the Chiliz platform.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.