announced Binance today announced a new subscription for the 27th project in terms of ranking of the projects subscribed on the Binance IPO platform.
The new project is called “Alpine F1” and its digital currency is called “ALPINE”.
As for the underwriting of this project, it will be like its predecessors and will follow the usual Binance method for subscriptions based on maintaining the BNB balance.
The subscription will start tomorrow, February 16, 2022.
Binance will record the balances of users holding the digital currency BNB for a period of 8 days, starting at 00:00 at night, February 16, UTC, until February 21, 2022.
The final amount of BNB per user will be determined as an 8-day average, using the calculation of the daily average of the BNB balance in the wallet for the stated period.
Alpine F1 digital currency subscription details:
- Cryptocurrency name: ALPINE.
- Subscription target: raise $4 million.
- Maximum allowed per user: $10,000 (10,000 ALPINE).
- TOTAL SUPPLY: 40 MILLION ALPINE.
- Total cryptocurrency for subscription on Binance: 4,000,000 ALPINE (10% of the total coin supply).
- Public selling price: 1 ALPINE is valued at $1 while the price in BNB will be determined prior to subscription.
An overview of the “Alpine F1” project:
Alpine F1 is the name of the Formula 1 rally car team.
The team is participating in the FIA World Formula One Championship with Grand Prix winner Esteban Acon and two-time World Champion Fernando Alonso.
Alpine is the French sports car brand founded by Jean Ridelli in 1955 and is today the brand dedicated to the Renault range of innovative and authentic sports cars.
The broader business unit allows Alpine to benefit from the heritage and know-how of its historic plant.
While the digital currency “ALPINE” is a digital token built according to the “BEP-20” Binance Blockchain Standard.
The digital icon is designed to revolutionize the fan experience for all BWT Alpine F1 fans.
This digital currency enables fans to interact with the team in multiple ways.
Users can influence team decisions with exclusive voting rights, access to digital collectibles and NFTs, and enjoy gaming features linked to special rewards for fans and real-world experiences.
ALPINE Subscription Schedule:
The subscription begins, as we mentioned above, on February 16, 2022 and continues until February 21, 2022.
During this period BNB balances are calculated in the users’ wallets and the calculation is done for a period of 8 days.
Starts on February 16, 2022 at 06:00 AM UTC to 09:00 AM.
At this time, the subscription will be opened to all eligible users for a period of 3 hours, which we will note about in The Arab Bitcoin Channel on Telegram.
Users must also sign a coin purchase agreement.
Please note that once you commit and enter the subscription period, your BNB will be locked and you will not be able to redeem or access any other functions such as transfers, withdrawals or trading until the final distribution is made.
Final Distribution Period:
The final subscription to the digital currency will be distributed on February 21 at 10:00 (UTC).
As the currency allocation will be finally calculated to the subscribers’ wallet, the corresponding BNB will be debited.
Once debited, both your ALPINE and BNB tokens will be transferred to your instant wallet.
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