For football clubs, then, fan tokens serve a similar function as stocks. Just as the value of a stock can rise and fall, cryptocurrencies are also subject to constant fluctuations. However, these can be even more violent than the fluctuations on the stock market – the volatility of soccer cryptos is sometimes enormous.
Soccer Fans Token (SFT) Token Tracker on BscScan shows the price of the Token $0.00, total supply 500,000,000, number of holders 190 and updated information of the token. The token tracker page also shows the analytics and historical data.
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Fan tokens. A new digital asset for fans. Fan Tokens give you the power to influence decisions of your favourite teams, unlock VIP rewards and access to exclusive promotions, games, chat & a superfan recognition.
So, in a nutshell, fan tokens are the result of tokenization applied to the football industry. Through tokenization, clubs can monetize their existing fan bases and develop new communication and engagement strategies.
The first-ever token was launched by an Italian giant Juventus in 2019, as per the report by CoinIdol, a world blockchain news outlet. After the outbreak of coronavirus, more clubs started exploring the potential of fan tokens as they needed a digital tool to interact with their supporters. Currently, there are about 20 football teams that have issued their own fan tokens using the Chillz platform. They include Barcelona, Roma, Paris Saint-Germain, Atlético de Madrid, Galatasaray and ...
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A fan token, also known as a fan engagement token, is a utility token that serves as fans’ access to new features, merch items, exclusive promotions, or events in the entertainment and sports industries. Let’s take football teams, for example.
Fans must purchase $CHZ via a cryptocurrency exchange in order to acquire Fan Tokens. These tokens — which are specific to a team or club — are a finite, digital asset that provide access to an encrypted ledger of voting and membership rights ownership. Ownerships offers fans the ability to participate in fan-led decisions through a mobile voting platform, as well as serving as a ticket into a secure, exclusive inner circle of fans, with shared passions and beliefs.
FTOs are the initial sale of Fan Tokens which allows fans to buy the Fan Token at a fixed price. work in a similar way to flash sales and are designed to be a fair way for new partnerships to launch Fan Tokens on the Socios.com platform at a discount.