What are 'Fan Tokens' and How Much Money Could you Earn?

What are 'Fan Tokens' and How Much Money Could you Earn?

Do you know what fan tokens are? Check out how much money they involve. Keep reading this article to discover all the details. Read on!

Do you know what fan tokens are? Check out how much money they involve. Keep reading this article to discover all the details. Read on!

The market for 'fan tokens', cryptocurrencies of sports entities, currently moves around 550 million dollars but, according to its promoters, its value could reach 10 billion dollars in the next years.

The signing by Paris Saint-Germain of Leo Messi, who received 'fan tokens' from the French club, put the focus on this type of cryptoactive, which has skyrocketed its price. Currently, the cryptocurrency market of sports entities has a value of more than 500 million dollars, according to data from the specialized website Fan Token Rank.

The market for 'fan tokens', cryptocurrencies of sports entities, currently moves around 550 million

Socios.com has signed contracts to create the 'fan tokens' of 37 sports organizations, among which are football clubs such as Paris Saint-Germain, Atlético de Madrid or FC Barcelona; national teams such as Argentina and Portugal; Formula 1 teams like Alfa Romeo and Aston Martin, and even "e-sports" clubs like Heretics and Allianz.

Although Socios.com is the best known 'fan token' company, there are also others. One of them is Bitci, the Turkish crypto bank that has created the cryptocurrency of the Spanish Soccer Team (SNFT) and those of other LaLiga clubs.

"Fan tokens" can be purchased in the company's own application

"Fan tokens" can be purchased in the company's own application, but to obtain them it is necessary to first buy the chiliz (CHZ) cryptocurrency and then exchange it for them.

In addition to having a financial value, 'fan tokens' allow fans to bring fans closer to their favorite sports teams and organizations, since, by purchasing them, fans can participate in some club decisions and access discounts and promotions .

This class of digital assets are a source of income for Socios.com and for the associated clubs, since the 'fan tokens' are sold jointly and each organization takes a percentage of the sales.

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