The economy update is a reality that is beginning to embrace many regions, including sports, where many gaming clubs have started to use ‘fan tokens’ to expand their revenue and engagement with their fans .
These tokens are assets in the form of cryptocurrencies, but unlike virtual currencies, they require making use of organizations with blockchain technology from a third party.
Spanish groups have been using them for quite some time , however they came back to notoriety a couple of days earlier when it was discovered that they were important to Leo Messi’s invitation package at PSG.
Index( )
- How does the sport and entertainment cryptocurrency work?
- What sports teams participate in the Fan tokens?
- Soccer
- Gaming
- Motor
- Basketball
- Cricket
- MMA
- What factors can influence the value of fan tokens?
- What platform is in charge of the fan token sale?
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How does the sport and entertainment cryptocurrency work?
‘Fan Tokens’ are an exceptionally incredible engagement device , as they allow sports associations to strengthen the connection with their fans .
Especially with people who do not live in the city of the team and who until recently did not have many freedoms to cooperate directly with the clubs.
It is considered a surprising adaptation instrument, something accepted as fundamental to the gaming business in terms of more conventional sources of income.
For example, those related to day coordination have disappeared, or have been severely restricted due to the pandemic .
What sports teams participate in the Fan tokens?
More and more football groups are betting on Fan Tokens. It is a kind of resource dependent on blockchain that, in addition to giving clubs new subsidy possibilities , serves to work on the relationship with the fan.
For example, in Spain, one of the first football teams to issue its Fan Token was Atlético de Madrid , in January 2020.
Soccer
In the Spanish association, the main group to dispatch Fan Tokens was Atlético de Madrid , followed by Barcelona . Groups such as Espanyol, Celta de Vigo or Levante have begun to dispatch their tokens exactly one month before.
- Atlético de Madrid: 15.70 euros
- FC Barcelona: 15.75 euros
- Valencia CF: 3.15 euros
- Raise UD: 2 euros
Gaming
Whichever way you look at it, the fan token has come to change the benefits that can be obtained through sports betting and is trusted to apply to all games around the world.
Motor
The Turkish organization is not the first time that it works with a public group, since from now on it also works with the Royal Spanish Football Federation, the English Wolverhampton and the McLaren Formula 1 group.
Basketball
The tokens, which will be sold on Bitci.com, will offer basketball fans around the world the ability to vote and participate in polls on various rivalries and difficulties.
Hobbyists will enjoy some rare perks in the licensed item offering; admission to unique saved regions for holders of profitable ticket options and tokens.
Cricket
FCFT stands for Fantasy Cricket Fan Token . The Fantasy Cricket Fan Token (FCFT) is at the core of a local gaming area and is powered by blockchain.
The FCFT allows customers around the globe to play live fun games , get paid and get paid on the spot, paying little attention to their area.
MMA
Extreme Fighting Championship, the world’s largest combined combat techniques affiliation , is shipping its own blockchain-based hobbyist token.
The UFC formally announced Tuesday that a UFC Fan Token will be making a grand appearance on the Socios.com fan engagement and awards app. Printed on the Chiliz blockchain , the token is reserved for dispatch next June and will have a more extreme inventory of 20 million tokens.
Like other Chiliz and Socios fan tokens, the UFC fan token is intended to empower new fan engagement openings, such as admission to the selective substance, casting of fan votes, VIP rewards , trailers, contests and that’s just the tip of the iceberg .
What factors can influence the value of fan tokens?
A value that rises or falls and can be negotiated, direct collaboration with the club in dynamics , the relationship with different clubs and use are a part of its provisions.
Anyone can influence groups, access VIP rewards , restrictive advancements, and join a global local area of superfans. With this thought, it is already possible to know what the “Fan Token” project consists of, but we can develop its destinations by exposing its components.
What platform is in charge of the fan token sale?
There are several exchanges that have listed fan tokens on their platforms. This allows them to be exchanged for cryptocurrencies quickly and safely by taking responsibility for having a secure system.
Socios.com
Socios.com is a direct-to-customer (D2C) stage influencing blockchain innovation to provide the world’s gaming associations with the gadgets they need to engage their fans.
More than 40 major gaming associations are now working together with this company and have effectively sent Fan Tokens. Among them are major European soccer clubs and public groups such as Argentina and Portugal, as well as various driving groups in different games such as F1, E-sports and Cricket.
Bitci.com
Bitci is a blockchain R&D organization established in Bodrum, Turkey in 2018 that empowers games and the media to alter fan engagement programs through fan tokens and offers people the opportunity to contribute and procure through your digital money trading.
Tokens are advanced forms of currency that fans will really want to get to different advantages with. By both having their own blockchain foundation and crypto money trading, Bitci positions itself as a one-stop global speculation arena for financial backers and tech-savvy hobbyists.
