Summary:
- What is The ALPINE Platform and how does it work?
- ALPINE’s past, present and future price positions.
The Alpine Exchange
The biggest and most well-known cryptocurrency exchange in the world, Binance, has created the first Formula One-themed fan token called Alpine F1 Team Fan Token (ALPINE). The ALPINE token will enable supporters of the Alpine F1 Team an opportunity to interact with the racing brand after Binance published its first fan token in LAZIO. The coin, according to Binance, would "revolutionize the fan experience" by enabling fans to: Take part in polls for team voting, Hunt for digital treasures, and buy NFTs, Take use of gamification aspects connected to fan rewards or wonderful experiences.
The current market capitalisation for ALPINE is $47,427,912. There is a maximum supply of 40 million ALPINE tokens, 11,36 million of these are currently in circulation.
Fan tokens were first made popular by Socios, and then Binance took over the introduction of fresh tokens like PORTO. Beginning with the upcoming season, the new Alpine A522 vehicles will sport the Binance logo. Executives at Alpine were extremely happy with the transaction. According to F1 team CEO Laurent Rossi, "partnering with Binance ignites our passion to revolutionize the racing environment and opens avenues for more innovative fan involvement." The CEO of Binance Fiat Exchange, Helen Hai, expressed her enthusiasm for the agreement, saying that "we [Binance] hope to offer equally interesting experiences to the blockchain and generate even more usefulness for ALPINE holders, to broaden the spectrum of activities fans can currently undertake on our platform. We are just approaching 'turn one' of 'lap one' on the token race track; and possibilities are truly endless."
The ALPINE cryptocurrency has a number of present and potential uses, according to Binance. Owners of ALPINE tokens will have access to voting sessions on Binance as soon as the token launches. Other fan tokens like LAZIO and PORTO allowed fans to vote on subjects like selecting the starting eleven for a test game and influencing what color the captain's band should be, although Alpine hasn't yet provided any ideas regarding how this could appear in practice.
Additionally, at the so-called "NFT PowerStation," owners of ALPINE will be able to stake their NFTs for awards and other digital collectibles. Gift cards and subscriptions to loyalty programs are also included. In addition, they will have access to extra perks like meeting the drivers in person and having meet-and-greets on the Binance Fan Token Platform, where they can directly communicate with the F1 team. Owners of tokens will eventually be able to provide money directly to the team and get a loyalty badge in return. To further engage token holders, the site will also offer more gamification aspects. For instance, supporters will be able to use their fan token to pay for team membership and purchase merchandise from the team's online store.
Present and future prices of The Alpine F1 Team Fan Token (ALPINE)
Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, ALPINE does fall under this category.
According to some analysts, the future price of The Alpine F1 Team Fan Token (ALPINE) could reach up to $14.64 by 2025 and could see a price of more than $95.72 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions.
ALPINE Price Chart
Sources: finance.yahoo.com, coinmarketcap.com, technewsleader.com
