FAN TOKENS- A token for Sports Fans
Fan tokens are a type of cryptocurrency where the token holders have access to a variety of features including voting on club decisions, rewards, and other exclusive experiences. These tokens never expire like normal memberships and can be traded like other assets. A token specially designed for sports fans.
Fan tokens are limited in number and are mainly used by sports clubs, music clubs, and other organizations to build their fan base. They are fungible, which means that they can be interchangeable for sports club merchandise, VIP premium, NFTs and more.
The Chiliz token is the pioneer and famous fan token which paved the way for other tokens. These tokens have created a new wave of utility tokens, mainly for sports fans. Chiliz’s exchange, Chiliz.net is the first exchange for sports fan tokens. Chiliz is the Ethereum ERC-20(Ethereum Request for comment 20) utility token.
List of a few fan tokens:
- Manchester City Fan Token
- AC Milan Fan Token
- Juventus Fan Token
- FC Barcelona Fan Token
- Alpine F1 Team Fan Token
- Paris Saint-Germain Fan token
- Santos FC Token
and many more…
According to coinmarketcap, Fan tokens have a total market capitalization of $326,905,192 where FC Barcelona Fan Token tops with a market cap of $36.43M, followed by Manchester City fan token($27,38M) and Alpine F1 team fan token($27.25).
How and Where to purchase Fan Tokens:
Fan tokens can be purchased like normal cryptocurrencies through crypto exchanges. The price of the token is fixed by the seller. The price varies according to the popularity of the token and the market conditions. When users have enough tokens in their accounts, they can take part in club activities and involve themselves in club decisions.
Fans enjoy a variety of membership perks through the club community, including casting their votes and getting rewards for participation.
Fans must purchase CHZ through a cryptocurrency exchange to purchase a fan token. The fan tokens can also be purchased through Chiliz’s official website, socios.com. They can be traded on the Chiliz.net trading platform. These tokens can be purchased on both centralized and decentralized exchanges. Some fan tokens may not be listed on centralized exchanges, which can be only available on decentralized platforms.
Fans can purchase Chiliz on exchanges like:
Chiliz, the creator of fan tokens, is built on a layer1 EVM-based blockchain founded in 2018. Chiliz is the leading blockchain provider for sports and entertainment. Chiliz has launched the Chain 2.0(CC2) blockchain ecosystem which helps brands to build tokens, NFTs, and other digital assets with CHZ (the native digital token for the Chiliz ecosystem) as the payment method.
Chiliz features:
- 82 Fan tokens
- 150+ Global sports partners
- 1,8M+ wallet addresses on the Chiliz chain
- 1000M+Market Cap
Chiliz handles Socios.com, a fan engagement and reward app that allows fans to connect with their favorite teams and clubs through fan tokens. In Socios, fans can vote on official polls, and win spectacular rewards through participating, playing, and chatting on the app.
How Fan Tokens work?
To use Socios, you have to create and verify the account using an email address. Then you have to purchase a Chiliz ($CHZ)token using Visa, Mastercard, or other payment methods. After having enough $CHZ, you can exchange it for your favorite team fan token. Then, you can be able to participate in various activities based on your token count. Be active on the app to grab prizes and unlock new rewards including collectibles, meet your favorite players, get signed jerseys, and enjoy VIP status.
Fans can also find a list of Fan token offerings (FTOs)- a limited number of fan tokens are made available to buy at a fixed price before they are listed in the marketplace. This helps the fans to purchase the token at the entry price.
Socios benefits include:
- Token Hunt: Fans can have a chance to win free tokens by logging in daily and participating in treasure chests every 24 hours.
- Marketplace: Fans can buy and sell tokens easily. The prices fluctuate based on supply, demand, and fan utility. You can hold your tokens to participate in polling, for rewards and exciting offers.
- SSU Loyalty tokens: The official loyalty tokens for the socios app. You will be rewarded loyalty tokens by participating in voting, predicting match scores, and engaging with the app.
- Badges: You can earn badges, and score points by actively participating in the events and leveling up your profile.
- Predictor: You can earn points by predicting the correct score, score ratio, or the winning team.
- Fan Rewards: You can redeem your rewards by using your Socios United ( SSU) Loyalty tokens. The rewards include claiming a VIP Match Day opportunity, official team merch, a once-in-a-lifetime experience.
- Leaderboard: By earning points and competing with other users, you can be eligible for rewards like Match day experiences, Fan tokens, Team merchandise, and SSU Loyalty tokens at the end of the season by topping the leadership chart.
Socios has partnered with the world’s biggest teams, like Juventus and FC Barcelona. They are also entering into a partnership with professional fighting and e-sports clubs to expand their market and to attract & provide a great experience for a wide variety of users.
Fan tokens are for sports lovers and hardcore fans who have a passion for sports and are interested in supporting their favorite team and engaging in the club’s activities.
(This article is intended to be and must be used for informational purposes only)
