📍 What is Fan Token?

➡️ Fan Token is a cryptocurrency that allows owners to access fan privileges. Specifically, the perks include voting on club decisions, rewards, merchandise design, and unique experiences. 

➡️ They can be used by sports clubs, music fan clubs and other organizations to democratize, organize experiences, establish leadership, etc. 

➡️ The most familiar to everyone must be the token fans of football teams.

📍 Uniqueness of Fan Tokens

➡️ Fan tokens are not NFTs. It can be bought and sold again and again. 

➡️ Each type of Fan Token will target its own fan community. 

➡️ Anyone can buy and own it just like any other token.

➡️ Unlike other coins, the sole purpose of Fan Token is to unite the fan community. Innovation in technology and finance is not a prerequisite.

➡️ Anyone can create their own fan token based on blockchain technology.

📍 Fan Token Use Case

➡️ Fan Token brings 3 main use cases for clubs, including:

  • Allows fans to financially support their idols.

  • Allows fans to vote on club decisions.

  • Motivate fans to join and show loyalty to the club.

➡️ Voting rights will depend on each club's regulations, but they may include:

  • Design club related products

  • Tourist bus design

  • Ticket problems

  • Match venue

  • Category MVP

➡️ These perks in addition to motivating fans; It also adds to the belief that the value of the token will increase as the club grows over time.

➡️ Fan tokens create an exclusive community; the more tokens you own; the more influence you have over the club and the more loyalty you show to your team.

➡️ The majority of Fan Tokens are currently issued by socios.com gaj which is a platform running on the Chiliz blockchain and Binance Smart Chain (BEP-20).

📍 Chiliz's Role in Fan Token

➡️ Chiliz is "the world's leading blockchain fintech provider for sports and entertainment". #Chiliz ($CHZ ) is the most popular token fan platform by far and it has its own blockchain. 

➡️ Chiliz also developed the Socios.com platform for fans to interact with idol teams and clubs.

➡️ CHZ (ERC20) is a utility token on the Chiliz network; serves as the digital currency for both the Chiliz and Socios.com platforms. Users need CHZ to join the FTO; Trade fan tokens and access the Socios Locker Room.

➡️ CHZ is highly liquid; and is traded globally on several major exchanges such as Binance; Turkish exchanges Paribu, Huobi Global and Mercado Bitcoin in Latin America. Given its current popularity, Chiliz seems to be responsible for the birth of the majority of new fan tokens.

📍 FTO on Socios.com

➡️ Accessing the Socios.com platform, users will be immediately exposed to Fan Token Offerings (FTOs) from club partners.

➡️ FTO can simply be understood as a period where the price of the fan token is kept fixed and made available to the fans before the token is released to the market.

➡️ Football clubs use Socios.com as part of a fan acquisition strategy to build a global fanbase. 

➡️ The most typical is in Asia, where the football fan community is growing rapidly. 

➡️ Socios.com connects clubs with their fan bases; ensure additional revenue streams are digital, secure, transparent, and connected to a true fan experience.

📍 Binance Fan Token

➡️ Binance also recently launched the Binance Fan Token Platform.

 

➡️ Once a club/team becomes a featured Binance Fan Token Partner on the Binance Fan Token Platform, that token will be listed on Binance #Launchpad.

➡️ In terms of utility, #Binance Fan Token brings extremely special features and experiences to users including:

  • Vote and vote on jersey designs, team warm-up music, and even items. as well as branding for the entrance to the team/club field.

  • Vote for the best players on Binance (POTM) and reward them with Binance Fan Tokens.

  • Collect NFTs and Mystery Boxes of idol teams and sell them on Binance NFT .

  • Buy match tickets or collectibles directly from the Fan Shop with a certain discount.

  • Predict the match to accumulate points.

📍 Here are some Fan Tokens with large Market Cap divided into 3 categories Football, Game and Racing that you can refer to.

📍Football

  • Galatasaray (GAL)

  • Paris Saint-Germain (PSG)

  • C Milan ($ACM )

  • Juventus (JUV)

  • AS Roma (ASR)

  • Club Atletico Independiente (CAI)

  • Atletico De Madrid (ATM)

  • Trabzonspor (TRA)

  • FC Barcelona ($BAR )

  • Apollon Limassol (APL)

  • Young Boys (YBO)

  • Sint-Truidense Voetbalvereniging (STV)

  • stanbul Başaksehir (IBFK)

  • Novara Calcio (NOV)

  • Manchester City (City)

📍 Games

  • OG (OG)

  • Team Heretics (TH)

  • Natus Vincere (NAVI)

  • Alliance (ALL)

📍 Racing

  • Alpine F1 Team (ALPINE) 

📍 Risks when investing Fan Token

➡️ Price manipulation: Fan tokens are still a relatively new product on the market. Therefore, the intraday trading volume is relatively small. That makes it vulnerable to attacks and price manipulation by the big players in the market.

➡️ Utility and Token value: Unlike normal coins, Fan Token is just a symbolic asset. In some cases it serves as nothing more than a souvenir and is completely unrelated to the club's business. So there is no potential to hold prices nor grow in the long term.

📍 Epilogue

➡️ In today's article brought you some basic concepts and an overview of Fan Token - a wave that is emerging recently. I hope you have received a lot of value from the article and wish you successful investing.

#fantoken