Sports clubs and professional teams issue their own tokens giving fans access to unique content. Such assets allow the owners to participate in the lives of their favorite teams, receive bonuses and early access to tickets for sporting events. However, are those suitable for financial investing? 📈
What is a fan token?
Cryptocurrency tokens of various football clubs, teams, sports organizations and even singers are called fan tokens. A fan token is basically an ordinary digital asset, that is however pegged to a certain famous person or organisation. Just like any other token, it can be bought, sold and sent.
Firstly, the loyalty and image
Sports teams started issuing the first tokens a couple of years ago, and now this trend has become almost universal: the most world-famous sports clubs issue coins nowadays. 🌐
Fan tokens are actually more of an image resource than a real income. This is not so much an investment, but one of the ways in which a sports organization or a celebrity can interact with their fans. 🏆
Being part of the movement
Supporting your favourite team doesn’t end up with shouting and cheering from the stands - some people prefer financially helping their beloved celebrity or team. Fan tokens are often bought to have certain privileges like participation in the best player voting or guaranteed merchandise draws wins. Some might even get access to exclusive events. 🎫
Examples and where to find them?
A large number of such tokens are presented in the Socios application on the Chiliz blockchain. Tokens of football clubs like Paris Saint-Germain (PSG), Barcelona (BAR), Juventus (JUV), Milan (ACM), Formula 1 teams or car brands like Aston Martin (AM) and Alfa Romeo (SAUBER) as well as many other sports organizations are available on the app. ⚽️
Another fan token launcher is Binance Launchpad. Coins of such football clubs as Santos (SANTOS), Lazio (LAZIO) and Porto (PORTO), as well as the ALPINE token from the Alpin Formula 1 team, were issued there. 🏎
To invest or not to invest?
Just like meme coins, fan tokens mostly depend on an individual’s success. Even though those are pegged to the overall market trend, finding tokens contributed to a football team doing great on the World Cup or an F1 team leading the annual racing season could make you profit. Those, however, are usually purchased directly from the distributor and are hardly ever reselled on the aftermarket, so finding your buyer might be quite tricky. 😕
We hope the article explained the terminology and had answered all the questions that you might have had.
Stay tuned 📻