Fan Tokens: What Are They? A Recap of World Cup 2022 Fan Tokens
As the World Cup approaches and major European leagues gear up, could this be the comeback opportunity for these Fan Tokens?
There's been a considerable influx of money into the market lately, with Socios and Chiliz actively boosting their promotional efforts.
In this article, Gamefinity summarizes the Fan Tokens of the World Cup 2022.
What are Fan Tokens?
Fan Tokens, also known as fan coins, are a type of cryptocurrency that offers token holders various privileges such as voting on club-related decisions, receiving rewards, participating in games, buying NFT assets, and many other unique experiences.
Fan Tokens are typically issued for sports clubs, game clubs, bands, or celebrities. The common denominator is a passionate fan community, a prerequisite for issuing these tokens.
For instance, if you're a Manchester City fan, the club may introduce a cryptocurrency named Manchester City Fan Token. Subsequently, they distribute this token to everyone, allowing enthusiasts to purchase and own it.
Key Features of Fan Tokens:
Like many other cryptocurrencies, Fan Tokens can be bought and sold on popular cryptocurrency exchanges, such as Binance.
Each Fan Token targets a specific fan community, although they are not limited to only that group; anyone can buy them if interested.
Fan Tokens generally do not feature any standout technology; their purpose is to connect fans with their favorite clubs.
Anyone can create their own Fan Token based on blockchain technology, provided they have a sufficiently large fan base.
Fan Tokens can be easily exchanged for products or services available from the business or club behind them.
Fan Tokens do not necessarily need backing from any cryptocurrency like Bitcoin or Ethereum. Their price is typically determined by demand and the value attached to these tokens.
Privileges of Fan Token Owners:
Imagine in real-life, when you idolize someone, you often collect memorabilia. Similarly, Fan Token owners enjoy certain rights:
They can financially support their idols. Owning a Fan Token is akin to owning shares in a business, where buying and owning these tokens provides financial support for the club/idol.
Fan Tokens serve as a link to foster relationships between communities and clubs. In some cases, token holders can vote on club decisions like transfers or starting lineups.
Fan Tokens enable global fan communities to easily access their idols, favorite clubs, or exchange for exclusive products embodying their idol's/club's essence.
In 2021, partner clubs of Socios.com conducted over 300 surveys via the app, allowing fans to vote on decisions such as naming new facilities, designing club kits, player numbers for new signings, commemorative songs, and much more. That's a lot of empowerment, right?
Additionally, Socios.com partner clubs rewarded over 5,000 fans with gifts like officially signed merchandise, free tickets, and VIP experiences in 2021.
Top Potential Fan Tokens in 2022:
If you understand what Fan Tokens are and have a favorite club to support, that's fantastic. However, if you're unsure about which Fan Tokens are out there, let me list some of the most famous ones for you.
The list primarily features fan tokens of renowned football clubs.
However, most importantly, Chiliz (CHZ) stands at the forefront of current fan token coins.
CHZ doesn't represent any specific club, yet it's crucial as it's associated with the Socios.com app I introduced earlier.
How to Buy Fan Tokens?
Firstly, you can purchase CHZ coins on exchanges like Binance, Bybit, or MEXC.
Subsequently, use CHZ coins to purchase Fan Tokens listed on the Chiliz exchange (as not all fan tokens are listed on cryptocurrency exchanges).
Conclusion:
Through this article, Gamefinity has compiled comprehensive information about potential Fan Tokens x5 x10 in World Cup 2022. You can read and delve deeper into the project.
Our team will continue updating you on the latest project developments and other platforms so you don't miss out on crucial information.
