FAN TOKENS
What are Fan Tokens? Fan tokens are new set of token that has emerge from the Ethereum (ERC20) Blockchain Network alongside other sports blockchain ventures. It is created by Football Clubs and other Sporting organizations for their Fans.
Fan tokens are digital assets that represent your voting rights and allow you to earn club-specific rewards and experiences. Fan Tokens are fungible, meaning that like other cryptocurrencies, VIP experiences, exclusive merchandise, tickets, and so on. They can be changed to other ‘goods’ and cryptocurrencies.
ALL YOU NEED TO KNOW ABOUT FAN TOKENS
With sporting activities coming back to live gradually, FAN TOKENS might be the next big thing. Fan tokens are created not just by Football Clubs but also Gaming communities and Fight organizers like UFC and PFL creates Fan Token to offer 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. The more tokens a fan holds, and the more they vote, the higher the clout rating of that fan, moving them upwards through different reward tiers until they have access to the biggest VIP benefits that are on offer.
Football clubs and other Sporting Firms/Organizers intend to use SOCIOS a social media platform as part of their fan engagement strategy to continue to build their global fan bases, particularly in Asia and across Europe, where the football fan community is experiencing exceptional growth. SOCIOS connects the clubs to their fan bases, securing additional revenue streams that are digital, secure, transparent and entirely connected to the real fan experience.
Note: You can get the SOCIOS app from Google Play Store or Apple Store
HOW AND WHERE TO TRADE FAN TOKENS
Chiliz is an exchange for trading FAN TOKENS, it is currently the number 1 Fan Token Exchange Platform. Platforms like Binance and Upbit also lists Fan Token on their innovation zone for trading and farming.
To trade fan token you go-to CHILIZ EXCHANGE and exchange $CHZ for any of the Fan Token of your choice, chiliZ ($CHZ) is an ERC20 utility token on the Ethereum blockchain that serves as the digital currency for the CHILIZ and Socios platform. On the Socios platform, club partners and yet to be sporting partners host what we have termed a Fan Token Offering (FTO). 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.
Simple Steps on How to buy any Fan Token on Chiliz Exchange
- Register on Chiliz, Click here
- Deposit $CHZ on your Wallet
- If you don’t have $CHZ, you can deposit either $BTC Or $USDT on your Chiliz Wallet, then trade either of them for $CHZ
- Select any of the Fan Token you want to buy and place your buy order.
List of Fan Token Currently Existing
- Juventus Fan Token ($JUV)
- Galatasaray Fan Token ($GAL)
- Paris Saint-Germain Fan Token ($PSG)
- OG Fan Token ($OG)
- AS Roma Fan Token ($ASR)
- Atletico Madrid Fan Token ($ATM)
- FC Barcelona Fan Token ($BAR)
- Apollon Limassol Fan Token ($APL)
- Club Atletico Independiente Fan Token ($CAI)
- Team Heretics Fan Token ($TH)
- Trabzonspor Fan Token ($TRA)
Note: The above listed tokens are both that of football club and gaming community and are currently existing. You can find them on Coingecko
Tips: You can buy or trade this fan token on CHILIZ before it is been listed on Binance
Conclusion:
Trading cryptocurrencies involves risks, make sure you are familiar with trading before you make any investments on digital assets. I hope you found value reading this article. Thanks for spending time reading. Let’s go make some money……..
