Proposal for FC Porto Fan Token (PORTO) IFO to be Hosted on PancakeSwap

Join us in welcoming FC Porto to PancakeSwap IFO! If this vote passes, you’ll be able to buy $PORTO tokens with CAKE during the token launch. Vote at the bottom of the page.

What is FC Porto Fan Token?

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

What is $PORTO?

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

$PORTO Token Distribution

Following the IFO, approximately 19.5% of the total supply will be circulating in the market.

IFO Sales Details

Sale start time: Approx. 1130am UTC on Tuesday 16th November 2021
Sale end time: Approx. 12pm UTC on Tuesday 16th November 2021
Amount to be raised: $1,000,000 USD in CAKE tokens
Tokens to be sold: 500,000 PORTO (1.25% of initial PORTO total supply)
Price per token: 1 PORTO = $2 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 PORTO at pancakeswap.finance/ifo

After Sale:

When the sale's complete, claim your PORTO 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

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. 1130am UTC on Tuesday 16th November 2021) and will be broadcasted on all channels.

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

The Syrup Pool:

Stake CAKE tokens to earn PORTO!

Total Tokens: 100,000 PORTO
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 PORTO

The Farm:

We’ll host a PORTO-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/FCPorto/
Twitter: https://twitter.com/FCPorto
Youtube: https://www.youtube.com/user/fcporto
LinkedIn: https://www.linkedin.com/company/fcporto/

Token Contract Address:

BEP-20: https://www.bscscan.com/token/0x49f2145d6366099e13B10FbF80646C0F377eE7f6

PORTO tokens will not be available for trading before or during the IFO. Any other PORTO token will be a scam, resulting in a financial loss. Always verify the token address before purchasing tokens. If you receive a PORTO 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.