How to Buy Santos FC Fan Token (SANTOS)

Blockchain technology and Web 3 elements, such as interactive games, Fan Tokens, NFT collectibles, etc., have made the FIFA World Cup Qatar 2022 event special. The world’s most famous football teams, including Manchester City, Barcelona, Flamengo, Paris Saint-Germain, AS Roma, Atletico Madrid, Juventus, Galatasaray, Inter Milan, Arsenal, FC Porto, Corinthians, etc., have launched Fan Tokens, a new method for fans to connect with their favorite clubs and players.

Fan Tokens are digital assets that provide holders access to discounts, promotions, and limited content and grant them voting rights. Fans from all over the world invest in their favorite teams to show their support for them and gain access to rewards, benefits, and money-can’t-buy experiences. While Fan Tokens are still relatively new, they’re quickly establishing themselves as the future of the sports economy.

One such token is the Santos FC Fan Token (SANTOS), and today we’re bringing you a detailed guide on SANTOS Fan Tokens and a quick tutorial on how to buy Santos FC Fan Token in a few steps.

Let’s get right to it!

What Is Santos FC Fan Token (SANTOS)?

Santos FC Fan Token (SANTOS) is the Fan Token developed by Santos FC, known as Santos Futebol Clube, a Brazilian soccer team based in Vila Belmiro, So Paulo state. Santos FC is one of the most successful clubs in the country, competing in both the Paulisto – the primary state league of the State of So Paulo – and the Brasileiro – the highest level in Brazil’s football league system. The Santos FC football club is an eight-time national champion of Brazil and has won 24 titles in 10 years. What’s more, it has over 10 million social media followers. Santos has produced such talents as Pelé, Neymar, and Rodrygo.

Santos FC Fan Token was launched in 2021 on the Binance Smart Chain (BSC) and was available via Binance Launchpad from November 27, 2021, to December 28, 2021. SANTOS was developed due to the collaboration between Binance and Santos FC, aiming to boost fan interaction, establish ties between the club and fans, and draw the attention of Binance consumers.

SANTOS is a BEP-20 token that empowers fans to get more deeply involved with their preferred team. It allows fans to access exclusive rewards and limited NFT collections, match tickets, promotional meet and greet events, football training and autograph sessions, and special merchandise, such as exclusive shirts signed by club stars Marcos Leonardo and Ricardo Goulart. SANTOS also functions as a governance token, allowing owners to vote on club decisions.

With a certain amount of SANTOS, fans can access various gamification features available on the Binance Fan Token platform. Moreover, fans can demonstrate loyalty to their favorite team and donate SANTOS directly, receiving a proof-of-loyalty badge.

SANTOS Tokenomics

SANTOS Token has a maximum supply of 30,000,000 coins, with 4,287,667 $SANTOS in circulation (~15% of the total supply) as of November 2022.

As the FIFA World Cup 2022 in Qatar completes its first week, all the football Fan Token prices, including the Santos FC Fan Token price, are skyrocketing.

You can check the Santos FC Fan Token current price, circulating supply, market cap, 24-hour trading volume, and other metrics, and get updates on live SANTOS USD price at SANTOS price on CoinStats, one of the best platforms around.

How to Buy SANTOS?

Step #1: Select a Crypto Exchange

SANTOS FC Token (SANTOS) tokens can be purchased on several cryptocurrency exchanges. View the trading platforms supporting SANTOS on the CoinStats market page. Compare the exchanges’ security, user experience, fee structure, supported currencies, etc., to choose the one with the features you want, such as low transaction fees, a straightforward interface, 24/7 customer service, etc.

Also, consider whether the cryptocurrency exchange is licensed by the Financial Industry Regulatory Authority (FINRA) and accepts buying SANTOS or other crypto with your preferred payment method and currencies.

Step #2: Create an Account

After you’ve decided on a cryptocurrency exchange that meets your requirements, the next step is to register with the exchange using a legitimate email or mobile number. You’ll receive an email with a link that you must click to validate your email address. Once the account is activated, you must create a complex alpha-numeric password to keep your account safe.

Some exchanges have strict KYC and AML regulations, and you must provide personal information such as:

• Full name
• Residential address
• Date of Birth
• ID Document. 

To complete the verification process, you may also be required to provide a selfie or go through video verification.

Once your identity has been verified, it’s recommended to use two-factor authentication (2FA) for an added layer of security.

Step #3: Deposit Funds

The next step is to fund your account. Many cryptocurrency exchanges accept fiat currencies such as USD, EUR, etc. Simply choose your desired deposit method, such as a bank transfer, wire transfer, credit or debit card, e-wallet, PayPal, etc., and the currency you want to deposit. Tap “Deposit Funds,” input the amount you wish to deposit and click “Deposit.”

Some deposit options are very fast, while others require confirmation from authorities depending on the amount. Remember to compare the fees of different deposit options because some have higher fees than others.

• Credit or Debit Card

Linking your debit or card to your cryptocurrency account is advantageous because it allows you to make instant or recurring purchases, but be aware that it incurs an additional fee.

• Bank Account

Bank transfers from your local bank accounts are usually free, but you should double-check with your exchange.

Step #4: Buy SANTOS

To place a market order to buy SANTOS at the current market price, follow the steps below:

• Go to the search bar, enter SANTOS, and select “Buy SANTOS” or the equivalent.
• Choose the payment method and currency you want to use, then enter the number of SANTOS you wish to buy or the fiat currency you want to spend. Most exchanges will immediately convert the amount to show you how many SANTOS FC tokens you’ll get.
• Check the transaction details again before clicking the “Confirm” button.
• Once the transaction is completed, the SANTOS FC tokens will be added to your balance.

Congratulations on adding SANTOS FC tokens to your portfolio! 

CoinStats offers one of the best crypto portfolio trackers in the market, helping you keep track of your Lazio Fan Token and all your crypto investments from one platform at all times.

Step 5 (Optional): Store Santos FC Fan Token

While your SANTOS tokens can be stored in your brokerage exchange wallet, experts highly recommend storing your precious coins away from exchange wallets, as those might be susceptible to hacks and interference. 

We highly recommend creating a private wallet with your own set of keys. Depending on your investing preferences, you might choose between software and hardware wallets: 

Software Wallets

If you’re looking to trade SANTOS regularly, software or hot wallets provided by your selected crypto exchange will suit you. The strength of software wallets lies in their flexibility and ease of use. A software wallet is the most easy-to-set-up crypto wallet and lets you easily interact with several decentralized finance (DeFi) applications. However, these wallets are vulnerable to security leaks because they’re hosted online. So, to keep your private keys in a software wallet, conduct due diligence before choosing one to avoid security issues. We recommend a platform that offers 2-factor authentication as an extra layer of security.

Examples of software wallets include CoinStats Wallet, MetaMask, Coinbase Wallet, Trust Wallet, and Edge Wallet, amongst others.

Hardware Wallets

Hardware or cold wallets are usually considered the safest way to store your cryptocurrencies as they offer offline storage, significantly reducing hack risks. They are secured by a pin and will erase all information after many failed attempts, preventing physical theft. Hardware wallets also let you sign and confirm transactions on the blockchain, giving you an extra layer of protection against cyber attacks. These are more suitable for experienced users who own large amounts of tokens.

Ledger hardware wallets are arguably the most secure, letting you securely manage your digital assets. The Nano X is designed for advanced users and offers more storage space and advanced features than Ledger Nano S,  designed for crypto beginners.

Examples of cold wallets are Trezor Model T, Ledger Nano X, CoolWallet Pro, KeepKey, Ellipal Titan, and SafePal S1, amongst others. 

Pro-tip: You can also stake your SANTOS on Binance Earn to earn passive income.

Step 6: (Bonus Step) Track Your SANTOS Tokens

The crypto market is volatile, and managing your portfolio could get tricky if you hold multiple assets. Utilizing a portfolio tracker will help you keep track of the real-time performance of your SANTOS tokens and all your crypto investments from one platform at all times. CoinStats Portfolio Tracker is one of the best crypto portfolio trackers in the market and enables you to monitor the profit, loss, and liquidity of Santos FC Fan Token across several exchanges.

CoinStats supports over 250 cryptocurrency exchanges and over 7,000 cryptocurrencies. It offers charting tools, analytical data, advanced search features, and up-to-date news. Here you have the opportunity to connect an unlimited number of portfolios (wallets and exchanges), including:

• Binance
• MetaMask
• Trust Wallet
• Coinbase
• Kraken
• Kucoin
• Bitstamp and 500 others. 

To connect, go to the CoinStats Portfolio Tracker page and:

• Click Add Portfolio and Connect Wallet.
• Click the wallet you want to connect to (e.g., Ethereum Wallet).
• Input the wallet address and press Submit.

Closing Thoughts

The Fan Token is the entry code to a modern iteration of the classic supporters’ program that doesn’t charge additional fees or subscriptions (you just pay once) and allows fans to participate in organizational involvement for the first time by casting polls via the Socios.com app.
Santos FC Fan Token is performing well in the cryptocurrency market and is among the leading cryptos among other Fan Tokens. We’re guessing it will bring huge smiles to their investors’ faces in the upcoming years.

You can also visit our blog for more information about wallets, crypto exchanges, and tokens, such as “How to Buy Spain National Football Team Fan Token“, “How to Buy LAZIO Tokens“, etc.

Investment Advice Disclaimer

This content, including any information contained therein, is provided to you solely for informational purposes and does not constitute a recommendation by CoinStats to buy, sell, or hold any security, financial product, or instrument mentioned in the content, nor does it constitute investment advice, financial advice, trading advice, or any other type of advice. Past performance is not a reliable indicator of future performance. When it comes to buying crypto, the value of your investment can go down as well as up, and you may not get back the amount you invested.

Cryptocurrency prices are highly volatile; do your independent research, obtain your own advice, and only invest what you can afford to lose. You should carefully consider your investment experience, financial situation, objectives, and risk tolerance and consult an independent financial adviser before making any investment. There are significant risks involved in trading CFDs, stocks, and cryptocurrencies. Between 74-89% of retail investor accounts lose money when trading CFDs. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant regulators’ websites before making any decision.