Proposal for Santos FC Fan Token (SANTOS) IFO to be Hosted on PancakeSwap

Join us in welcoming Santos FC to PancakeSwap IFO! If this vote passes, you’ll be able to buy $SANTOS tokens with CAKE during the token launch.

This time, based on experience from last time, we've heavily adjusted the participation fee tiers to make sure the fee model covers more extreme cases of overflow. See below for more details.

What is Santos FC Fan Token?

The Santos FC Fan Token is a BEP-20 utility token designed to revolutionize the fan experience for all Santos FC supporters. The token empowers Santos FC fans to participate in team voting polls, hunt digital collectibles, purchase NFTs, and enjoy gamification features that are tied to fan rewards or great experiences.

What is $SANTOS?

SANTOS is the official Binance Fan Token for Santos FC and will have use cases such as giving holders the right to participate in the fan engagement-related voting sessions on the Binance Fan Token platform, loyalty subscription programs, purchasing of Santos FC merchandise and matchday tickets, special fan benefits, access to gamification features on the Binance Fan Token platform, and for donations.

$SANTOS Token Distribution

Following the IFO, approximately 15.2% of the total supply will be circulating in the market.

IFO Sales Details

Sale start time: Approx. 1030am UTC on Wednesday 1st December 2021
Sale end time: Approx. 11am UTC on Wednesday 1st December 2021
Amount to be raised: $1,000,000 USD in CAKE tokens
Tokens to be sold: 400,000 SANTOS (1.3% of initial SANTOS total supply)
Price per token: 1 SANTOS = $2.50 USD

All CAKE raised from the Unlimited Sale’s participation fee will be BURNED!

Method: Basic Sale and Unlimited Sale (Both sales will be conducted via the Overflow method)

What is the “Overflow” sale method?

TLDR: The more you put in, the more you will get, and you’ll get back anything that doesn’t get spent.

You can subscribe as much or as little as you want to the IFO, and your final allocation will be based on the amount of funds they put in, as a % of all funds put in by other users. You'll get any leftover funds back when claiming your tokens after the sale.

To join the IFO:

Before Sale:

During Sale:

While the sale's live, commit your CAKE tokens to buy SANTOS at pancakeswap.finance/ifo

After Sale:

When the sale's complete, claim your SANTOS tokens. Any unspent CAKE will also be sent back to you.

Done!

If you decide to acquire CAKE tokens before the IFO starts, you can stake them here to earn CAKE token rewards while waiting for the sale.

An Explainer: What are the 2 different sale sessions?

Basic Sale ($500,000, which is 50% of Sale allocation)

Every wallet can contribute a MAXIMUM of $100 equivalent in CAKE tokens.
The final allocation you receive will still be subject to the total amount raised in this session, but the good news is you’re not battling any whales.

Unlimited Sale ($500,000, which is 50% of Sale Allocation)

No limits on the amount each person can contribute.
However, this comes at the cost of a 1% participation fee, which is only applied to your contribution to the “Unlimited” session.
All CAKE proceeds from the participation fee will be BURNED!

The participation fee decreases in cliffs, based on the percentage of overflow from the “Unlimited” portion of the sale as such:

Overflow multiplier

New Participation Fee Tiers (we will be using this for the SANTOS IFO):

For comparison, here are Participation Fee Tiers from the previous IFO:

Here are some example scenarios:

Please note — The final USD price per CAKE token will be set a few minutes before the sale (starting at approx. 1030am UTC on Wednesday 1st December 2021) and will be broadcasted on all channels.

We’ll also be running a Syrup Pool and Farm for SANTOS, which will start shortly after the IFO ends.

The Syrup Pool:

Stake CAKE tokens to earn SANTOS!

Total Tokens: 100,000 SANTOS
Distribution duration: 60 days
Start time: Shortly after the IFO ends
Finish time: Approx. 60 days after Syrup Pool launch
Token rewards per block: 0.0578 SANTOS

The Farm:

We’ll host a SANTOS-BNB LP farm, with 2x CAKE rewards for the first 48 hours, then 1x rewards after that.

Community and social channels

Facebook: https://www.facebook.com/santosfc/
Twitter: https://twitter.com/SantosFC
Youtube: https://www.youtube.com/c/santosfc

Token Contract Address:

BEP-20: https://www.bscscan.com/token/0xA64455a4553C9034236734FadDAddbb64aCE4Cc7

SANTOS tokens will not be available for trading before or during the IFO. Any other SANTOS token will be a scam, resulting in a financial loss. Always verify the token address before purchasing tokens. If you receive a SANTOS token airdrop from another address, it’s probably a scam and we advise you to ignore them.

Disclaimer - All projects are subject to both high market risk and volatility. Please, do your own research and full due diligence before even considering investing your funds in any project. Buy with caution. PancakeSwap will not be held responsible for any investment losses.