Will Binance sponsorship on Lazio affect BNB price??

[Majestic-milf]

Binance, the world's leading crypto currency exchange company that was birthed in 2017 has fast gained credence since it's inception. BNB founder, Changpeng Zhao who created high frequency trading software has looked to spread his crypto inventions into the sports industry and have partnered with the Italian outfit, S.S Lazio.
 Lazio are thrilled to have this partnership as they stand to earn big from the deal as it will rake in a whooping $35 million and is expected to run for at least two years. This deal also will help to boost the Lazio coin market value which is at $7.67 and their capitalization.

As a result of this merger, should we expect a price hike? https://www.forbes.com/sites/danieleproch/2021/10/14/serie-a-club-ss-lazio-strikes-35-million-sponsorship-deal-with-crypto-exchange-binance/?sh=1ee9462b24c3

[jackg]

Forbes links to a Reuters article about the $30m deal being about sponsoring merchclub shirts.

The fan token is probably placed where it should be unless it does something innovative or gets pumped by people) like other coins have).

[dbc23]

The fan token is probably placed where it should be unless it does something innovative or gets pumped by people) like other coins have).

If this tokens were used majorly as gate fees to the stadium with subsidized price for fans paying with the Lazio token it will definitely cause a high demand which inturn will cause the price to surge higher. If the fan token just remains dormant it won't have much relevance and as such will struggle to appreciate

[BIT-BENDER]

This is a good deal for Lazio than it is for binance, really Lazio maybe a solid Italian team, but they don't have the amount of audience binance needs, but for what Lazio would get from it is much first the $35 million for two years I good money and also this would help them with their fan token.
It's good to see crypto exchanges are going into sports, I think that with time bigger sport teams would start to fly the brand of crypto.

[CaVO32]

This is a good deal for Lazio than it is for binance, really Lazio maybe a solid Italian team, but they don't have the amount of audience binance needs, but for what Lazio would get from it is much first the $35 million for two years I good money and also this would help them with their fan token.
It's good to see crypto exchanges are going into sports, I think that with time bigger sport teams would start to fly the brand of crypto.

Exploring sports by crypto companies is also a good deal as sports industry has a wide-range of audience, from young to old folks. They have no age consideration. I agree, that the deal will do good more on Lazio rather on binance. But at the end of the day, it is still a win-win situation for both of them. Additional customers maybe for binance as well as more people believing on holding lazio fan token because it is listed in binance. They are both benefiting from this partnership so for me all good. The effect on BNB may not be seen but it will just add to more partnership of binance to sports industry.

[Moneyprism]

binance is sponsoring lazio for sure to increase their exposure especially in the Italian region ... with the increasing exposure of binance in the region, this will bring potential users to the binance platform,,, but still the price of bnb depends on demand and current crypto market conditions ,, they are sponsors for lazio in my opinion it doesn't really have a significant impact on the price of bnb

[kapalmabur]

This is a good deal for Lazio than it is for binance, really Lazio maybe a solid Italian team, but they don't have the amount of audience binance needs, but for what Lazio would get from it is much first the $35 million for two years I good money and also this would help them with their fan token.
It's good to see crypto exchanges are going into sports, I think that with time bigger sport teams would start to fly the brand of crypto.

Indeed the Lazio club is not as bright as other clubs such as AC Milan or Juventus but the steps taken by Binance by sponsoring Lazio I think it is right,
slowly the exchange of Binance and others will enter the world of sports and this is good for both,
Let's wait for the next development of crypto in sports

[kidbounty]

no, it's like tezos at Manchester United. since they became sponsors there has been no effect on the price, but Tezos is becoming more well known. this will also apply to binance(BNB), the price of the coin will not increase rapidly but the impact is that their branding is more developed. binance will benefit from the promotion side.

[tabas]

I am now seeing the perspective of Binance growing not just its own token but also the whole market itself through supporting other projects that they've been doing already.
Not just with brand deals and sponsorships outside the crypto market because they've been also acquiring companies and that's for their own good.

[X-ray]

We should not expect the price hike from this news. I would like to call that as a sponsorship rather than merged. Merged means if lazio already acquired by binance exchange site but the fact that if it's only the way for binance to make a sponsor on the lazio club. I personally think if this doesn't give any impact to the price of binance coin otherwise binance was boosting the price of lazio token and from this case we do know that how big the impact from the binance to boost the popularity of fan token that owned by lazio.
So, just see this as a sponsorship rather than merger between club and exchange site

[sovie]

Binance, the world's leading crypto currency exchange company that was birthed in 2017 has fast gained credence since it's inception. BNB founder, Changpeng Zhao who created high frequency trading software has looked to spread his crypto inventions into the sports industry and have partnered with the Italian outfit, S.S Lazio.
 Lazio are thrilled to have this partnership as they stand to earn big from the deal as it will rake in a whooping $35 million and is expected to run for at least two years. This deal also will help to boost the Lazio coin market value which is at $7.67 and their capitalization.

As a result of this merger, should we expect a price hike? https://www.forbes.com/sites/danieleproch/2021/10/14/serie-a-club-ss-lazio-strikes-35-million-sponsorship-deal-with-crypto-exchange-binance/?sh=1ee9462b24c3

If the marketing specialists from Binance were not convinced that signing the advertising contract with Lazio would bring them great benefits, they would definitely not do it.
Of course, Binance itself is more interested in simply acquiring new customers as exchange users. However, the number of Binance users (if not directly then indirectly) obviously affects the BNB price. It is possible that it will not happen immediately and we will have to wait a bit for the effects, but it will certainly have a positive impact on the price.

[Irazzzta]

Of course there will be a marketing effect to increase people using Binance Exchange or BNB for crypto services. the increase in users of the Binance exchange and people adopting the use of BNB will have an effect on the price of BNB. the more BNB holders from the european region will have a positive impact on the price. most importantly, the Binance logo will be promoted every Lazio match, looks simple but has a strong marketing effect and it benefits for both.

[monineklutak]

I see this is old news, in 2021, I think it is new news but it is wrong,
if you ask whether the partnership with Lazio has any effect on Binance? in terms of price?,
the answer you should know, YES! In the past, the price of Binance in 2021 was only $20, look now, more than $300 for 1 BNB,
of course everything Binance has done has had a good impact on the price, congrats Holders

[Doell]

I see this is old news, in 2021, I think it is new news but it is wrong,
if you ask whether the partnership with Lazio has any effect on Binance? in terms of price?,
the answer you should know, YES! In the past, the price of Binance in 2021 was only $20, look now, more than $300 for 1 BNB,
of course everything Binance has done has had a good impact on the price, congrats Holders

Keep in mind and re-read in the news you find outside it happened in October 2021 yeah but the price of bnb at that time was above at the current price, even early q1 the price was above $40 not $20. Even in the past if it is related to this news the increase in price of bnb because was dominated by bitcoin soaring, so the news of this partnership is indeed old but when compared to now it is actually going down .

[killerfrost]

Of course it does, but it's probably not too big of a deal. For example, I think the most beneficiary side is the Lazio side. With the current popularity of Binance, there must be a really big influence. The resonance that will affect the price will be more obvious. For example, cooperation with the top teams, I'm sure it will have a much easier impact.

[TopT3ns]

Binance looks active as advertising on several side from sport team at Lazio until last event on last Grammy Awards edition, I hope with Binance most active advertising with cryptocurrency get good respond from the world how to adopt bitcoin and altcoin as legal currency payment at the future although is not easy. But looks serious with Binance how to build good respond and looking for investor interested with cryptocurrency, keep continues with Binance advertising actually on several football team will give effect for BNB price and commonly will have potential bitcoin and altcoin touch higher price later.

[domoy77]

Of course it does, but it's probably not too big of a deal. For example, I think the most beneficiary side is the Lazio side. With the current popularity of Binance, there must be a really big influence. The resonance that will affect the price will be more obvious. For example, cooperation with the top teams, I'm sure it will have a much easier impact.

That's true because each of the top teams has a very large number of communities and fans so it can provide a bigger buying push also in the market which can be a very good thing for both parties and will certainly also be mutually beneficial. profitable in the future.

[JeffBrad12]

Binance sponsorship does so many impact to the price of token. In my opinion if this can be called as big thing for lazio caused by we know that binance was the biggest exchange site right now, The partnership has been triggering the price to go up a lot. This is how binance effect is.
BNB will not get any impact from this sponsorship. Binance was also creating more partnership with various team that has potential to give more awareness about binance.

[Ararbermas]

Well it always depends on the demand in the market, however if afterwards the BNB price increased then it means investors are buying their token. but for me in my view, that's sponsorship on Lazio is not all about their token which is the BNB itself, wherein surely its all about exposure for their platforms and since BNB is the currency of binance of course there will be an impact as well.

[kurniawan05]

If you don't increase the price directly, this will at least introduce Binance to Europe which will gradually strengthen the Binance price and increase the transaction value.