what is formula 1?

TL;DR Alpine F1® Team Fan Token (ALPINE) is a BEP-20 utility token of the BWT Alpine F1® Team. Fans of the BWT Alpine F1® Team can purchase ALPINE Fan Tokens to enjoy exclusive benefits and enrich their personal fan experience. By issuing the token, Alpine F1® is exploring new methods of fan engagement powered by blockchain technology. Introduction The BWT Alpine F1® Team made its debut at the start of the 2021 Formula One World Championship in the Formula 1 Gulf Air Bahrain Grand Prix. The team, headed up by CEO Laurent Rossi,  is the spiritual successor to the Renault F1® Team. This new venture promotes Renault Group’s classic racing and sports car brand, Alpine.  Learn more on Binance.com The team competes in the F1® Formula One World Championship with race winner Estaban Ocon and two-time world champion Fernando Alonso. Alpine also celebrated its maiden win at the Formula 1 Rolex Magyar Nagydij 2021. Racing fans of the BWT Alpine F1® Team can use the ALPINE Fan Tokens launched on the Binance Launchpad to participate in the fun, engaging ecosystem and get rewarded in the process.   What is the Alpine F1® Team Fan Token ecosystem? The digital fan base of BWT F1® Team currently exceeds 6 million across social media platforms. Powered by the Alpine F1® Team Fan Token, the BWT Alpine F1® Team brand identity can be boosted with increased fan engagement facilitated by the fan token. Simply put, the ALPINE Fan Tokens allow millions of fans to take part in exclusive experiences and access exclusive merchandise. With the fan token model, the ecosystem will grow with the increasing fan base and fan offerings. What is ALPINE? Named after the racing team, ALPINE was first launched on the Binance Launchpad in February 2022 as the third Fan Token Launchpad project by Binance. The total token supply of ALPINE is 40 million, with 10% of the supply sold during the Binance Launchpad Sale. ALPINE Fan Tokens are native BEP-20 tokens issued on the BNB Smart Chain (formerly BSC). This means that the BEP-20 ALPINE tokens will be able to connect with other BSC-based decentralized exchanges (DEX) and decentralized applications (dApps). As a BEP-20 token, ALPINE enables users to enjoy low transaction fees and a 3-second block time. Unlike NFTs, all Binance Fan tokens, including ALPINE, are fungible. This means that they can be exchanged for something else of the same value. ALPINE was designed to be fungible so that fans can exchange them for merchandise and experiences. However, ALPINE can also be exchanged for exclusive NFTs. What can ALPINE tokens do? ALPINE token holders can participate in fan engagement-related voting sessions on the Binance Fan Token platform. These voting sessions allow users to influence the decisions of the team they support. Previous voting sessions include voting for the 2022 Alpine Esports jersey worn by drivers like Nicolas Longuet and voting for the Binance Alpine Esports livery and circuit used on the team’s simulator. Holders have also been able to collect the exclusive Slipstream into the Future Mystery Box available in exchange for 3 ALPINE. This Mystery Box included a series of posters to collect, allowing holders to later stake in the NFT PowerStation for exclusive prizes. ALPINE token holders also have access to other forms of engagement with the BWT Alpine F1® Team on the Binance Fan Token Platform, including receiving signed merchandise, meet-and-greet sessions with the team drivers, and other fan-related events. Apart from its engagement and voting opportunities, holders can also stake ALPINE in the NFT PowerStation. Through staking, they’ll be able to access digital collectibles and fan rewards. In the future, ALPINE token holders will also be able to access multiple gamification features on the Binance Fan Token Platform. A donation feature, where ALPINE token holders can directly donate to the team in exchange for a Proof-of-Loyalty badge, is also in the pipeline. ALPINE can be accessed by both the BWT Alpine F1® Team fan base and the larger Binance user base. As such, ALPINE can be withdrawn from Binance like other BEP-20 tokens. How to buy ALPINE on Binance? You can buy Alpine F1® Team Fan Token (ALPINE) on cryptocurrency exchanges like Binance.  1. Log in to your Binance account and click [Trade]. Select either the classic or advanced trading mode to start. 2. Type “ALPINE” on the search bar to see the available trading pairs. We will use ALPINE/BUSD as an example. 3. Go to the [Spot] box and enter the amount of ALPINE you want to buy. In this example, we will use a Market order. Click [Buy ALPINE] to confirm your order, and the purchased ALPINE will be credited to your Spot Wallet.   Closing thoughts The Alpine F1® Team Fan Token is Binance’s first F1® Fan Token. As its fan base grows, the community can expect an expansion of ALPINE to include the following: Donations in ALPINE, Team Games, the currency for tickets and merchandise following the Fan Shop launch, and further integration of Fan Tokens into the BWT Alpine F1® Team ecosystem in different forms including membership and an e-commerce platform.

BWT Alpine F1 Team's Fernando Alonso made it back-to-back points-scoring finishes after taking seventh place in a rain-affected and twice red-flagged Monaco Grand Prix. Esteban Ocon crossed the line in ninth, but a five-second time penalty for causing a collision meant the Frenchman left without scoring points as he finished in twelfth place.Heavy rain in the region minutes before the race at 15:00pm meant the start was twice delayed before laps under the Safety Car were brought to a halt by the first of two red flags. Once racing resumed, both drivers ran full Wet tyres on a challenging first stint with some other teams pitting early for Intermediates. Both drivers remained on Wets before double stopping for Hard tyres on lap 21, with an eye on driving to the end of the 78-lap race.The second red flag for Mick Schumacher's heavy crash after the Swimming Pool chicane on lap 30, brought a further delay to the afternoon. Both Fernando and Esteban swapped to Mediums in the interval looking to conserve and go to the end of the race, which was now against the clock. Fernando managed his tyres and pace to cross the line a comfortable seventh place with Esteban behind in ninth. However, a five-second time penalty applied after the race for an incident with Lewis Hamilton meant Esteban ended in twelfth and outside of the points. Esteban Ocon, started P10, finished P12: "Today's result is tough to swallow, and I'm frustrated that we leave Monaco without scoring points. Inside the car it felt like a racing incident with Lewis [Hamilton], especially at a track like Monaco where any overtake attempt is likely to involve some contact. The team has worked so hard all weekend, especially in finding the gains between Friday and Saturday, and we now leave without scoring deserved double points. We'll have to move forward and I'm looking to put it right in Baku where we race next." Fernando Alonso, started P7, finished P7: "It was a very difficult race today with the conditions, so we can be pleased with a seventh-place finish and more points added to the championship. It was a tricky race to manage with difficult choices on strategy at times, but we did everything well as a team and it was all well managed. At the wheel, it was not easy, and I had to be careful at times not to make any mistake to make sure we brought the car home in the points. On the dry stints, because of what we learned on Friday, we had to be careful on the tyres, especially for me after the second-red flag. We held on to seventh comfortably, so I'm pretty pleased with today's job." Laurent Rossi, CEO Alpine:  "Today's Monaco Grand Prix was very eventful and it's always good when you come out of those races with strong points in the bag. As a team, we were expecting it to be a challenging weekend at a circuit with so many slow-speed corners, which does not tend to suit our car. We've had to dig deep all weekend to make improvements between Friday and Saturday, which not only helped us this weekend, but also bodes well for the future where we can take forward this knowledge in adapting our car to all types of tracks. Both drivers drove good races today to cross the line in seventh and ninth, respectively, which is probably where we deserved to be in today's race. Esteban's time penalty is a tough one as it was probably 50-50, so we won't dwell too much on it and we'll keep our heads down and look ahead to the next one. I'd like to thank everyone at the team for their hard work after a very busy two weeks across Spain and Monaco. We'll take some rest this week before refocusing ourselves for Azerbaijan and Canada next time out where we're hungry to add two lots of double points."

BWT Alpine F1 Team previews the fifteenth race weekend of the 2022 FIA Formula 1 World Championship, the Dutch Grand Prix.Drivers Esteban Ocon and Fernando Alonso and Team Principal Otmar Szafnauer share their thoughts on the fifteenth race of the season at Zandvoort.Otmar Szafnauer: "Last year, the Dutch Grand Prix was a highlight of the season, as it brought something a little bit different to the calendar. Above all, it's a great race for the fans, who create a fantastic atmosphere and that only makes racing even more enjoyable. It will be interesting to see how the event has improved since last year. The on-track racing was great last season with overtaking possible around the lap. Our target is to be in the mix for points again and aim to have a similar, if not better, result than we did last weekend in Belgium and extend our lead in fourth place in the Constructors' Championship. There's a long way to go in the season but being consistently strong is at the top of our priority list."Esteban Ocon: "It's great to come back to such a historical circuit like Zandvoort. Of course, the sport made a comeback to The Netherlands last year and I also raced there in DTM in 2016 so I know the circuit and enjoy driving it for sure. The contrast between Zandvoort and Spa is huge. We go from long and flowing laps to a much shorter and very twisty track. It's a cool circuit, really undulating, fast and flowing which requires a huge amount of focus and commitment. The setting is also pretty spectacular, being right on the beach, and it is also very close to Amsterdam which is always a cool and vibrant city to visit. And the fans really put on a great show, the atmosphere all weekend is electric."Fernando Alonso: "Zandvoort is a fun place to visit. We have only been there once before, but it's now obviously much bigger thanks in part to the rise of Max [Verstappen]. The whole atmosphere and buzz from the Dutch fans reminds me a little of the early 2000s when the Spanish fans really fell in love with the sport. The atmosphere is really great and I'm sure we will experience the same thing again this weekend. It's a double header but we are excited to get back in the car especially after the team's performance in Spa also with the fastest pit stop."  2022 Dutch Grand Prix Factfile:  The grid for the 2022 Belgian Grand Prix was Spain's best-ever in the history of Formula 1, with Fernando Alonso starting third and Carlos Sainz first. •    Fernando has nine consecutive top ten race finishes, with the highest position being fifth recorded at Silverstone and Spa-Francorchamps. It's a run only bettered by Championship leader Max Verstappen. •    Esteban Ocon has also raced at Zandvoort in the DTM in 2016. Shortly after, he joined Manor in Formula 1 for the remainder of the season.•    The team have finished with double points in four races in a row, a run dating back to the Austrian Grand Prix. •    Both Alpine drivers scored at last year's Dutch Grand Prix, with Fernando finishing in sixth and Esteban ninth. •    The first-ever Dutch Grand Prix was in 1952. •    Renault-powered cars have had one win, four podiums, and four poles, one fastest lap, and 39 points in the Netherlands.