What is Fan Token? Toplist Fan Token that investors need to know
Launchpool, Launchpad of Binance such as Fan Token projects LAZIO, PORTO, ... have made the community immediately pay attention and are predicted to be one of the future trends of the market. So what is Fan Token? Which projects are worth noting? Let's learn all with Hay Mod Game right in this article!
What is Fan Token?
Fan Token aka Fan Token is a cryptocurrency that gives holders access to relevant fan perks such as voting on club decisions and getting a variety of special experiences. other.
For example, you are a Fan of the Manchester City men's football team. The team launched a cryptocurrency for their fans called Manchester City Fan Token. They will then distribute this token to everyone. And if you love them, you can absolutely buy and own it.
The above are issued by the Socios.com platform and run on the Chiliz blockchain and Binance Smart Chain (BEP-20).
Toplist Fan Token that investors need to know
This is a list of Fan Tokens all from famous sports clubs and in the group of projects with a large Market Cap. You can learn more and learn more here .
Football
- Galatasaray (GAL)
- Paris Saint Germain (PSG)
- C Milan (ACM)
- Juventus (JUV)
- AS Roma (ASR)
- Independent Athletic Club (CAI)
- Atletico Madrid (ATM)
- Trabzonspor (TRA)
- FC Barcelona (BAR)
- Apollon Limassol (APL)
- Young Boys (YBO)
- Sint-Truidense Football Association (STV)
- Istanbul Basaksehir (IBFK)
- Novara Calcio (NOV)
- Manchester City (CITY)
Games
- OG (OG)
- Team Heretics (TH)
- Wanna Win (NAVI)
- Alliance (ALL)
Racing
- Alpine F1 Team (ALPINE)
What is Socios.com?
Socios.com is a platform developed by Chiliz, an application that issues FanToken. Socios is the bridge between clubs and their fans around the world. Chiliz once attracted more than 60 million USD through fundraising to build Socios.com. This app first launched in December 2019. Socios issued through Fan Token Offering.
What is Fan Token Offering (FTO)?
FTO is how the Socios platform gets started with a new partner. They first decide on the starting price of a certain Fan Token that is about to be offered for sale. They will then sell a portion of this token for a certain period of time. During that period, fans can buy Tokens they like for a fixed price, for example FC Barcelona ($BAR) of 2 EUR. This ensures that anyone can buy a project they love for a fair price before it goes on sale worldwide.
Main features of Fan Token
- This is a cryptocurrency so it can be bought and sold again and again. Fan tokens are not NFT items.
- Each category will be geared towards its own fanbase. However, that does not mean that it is only sold to a group of fans. Anyone can buy and own it just like any other coin/token.
- Fan tokens are not like other coins/tokens like Ethereum or Chainlink. Its sole purpose is something to engage the fanbase. The element of technology, innovation seems unnecessary.
- Anyone can create their own fan token based on blockchain technology, including us. If you have a large enough fanbase, you can also create your own token to represent yourself.
Fan Token Use Case
- Financial support for his idol. At this time, Fan Token will be like shares in the business. The fact that you buy and own tokens of this type means that you have provided a certain amount of finance to support the development of the issuer.
- It is the thread that keeps the fire of the relationship between the community and the issuer. In some cases, its owners even have the right to vote on club decisions, access idols or receive club merchandise or VIP experiences for the club. fans,…
Fan Token Exchange
You can search and buy them through:
- Intermediate exchanges: like Binance, Huobi Global or CoinEx, etc.
- Distribution platform: like socios.com or Chiliz, etc.
Fan Token storage walletFan Token storage wallet
In terms of wallets storing these fan tokens, there are multiple ways you can store them. The simplest way is that you can store it directly in the wallets of the above exchanges. Or depending on the network of that token, choose supporting mobile wallets like MetaMask or Trust Wallet , etc. In addition, if you want to store this token more securely, you can consider using it. use cold wallets like Ledger or Trezor, etc.
The risks of investing in Fan Token
- Price Manipulation: Fan tokens are still relatively new to the market at the moment. Therefore, the intraday trading volume is relatively small. The small trading volume makes it more susceptible to price manipulation.
- Value of Token: Unlike other coins, Fan token is just a symbolic asset. In some cases it is like a souvenir. It is not tied to that club's business.
Through this article, you must have had your own opinions about Fan Token projects. The above article should not be viewed as investment advice. Hay Mod Game is not responsible for any of your investment decisions, but will support you all the way to understand the basics and succeed in this extremely potential market!