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As the world cup heats up, there has been a massive increase in trading activity for fan tokens associated with various national football teams. On-chain data reveals a tenfold increase in trade volumes for these football fan tokens. Cryptocurrencies have long captured the attention of investors, but fan tokens are gaining ground.
What are Fan Tokens?
Cryptocurrencies designated as “fan tokens” give their owners access to fan-related membership benefits, such as voting on club decisions, prizes, merchandise designs, and exclusive experiences. They can be used by sports clubs, music fan clubs, and other groups to democratize and coordinate experiences, appoint club officers, and more. Fan tokens are digital currencies that may or may not be supported by the fundamental values of Bitcoin or Ethereum. Instead, they get paid according to how much supporters value joining the group and gaining unique advantages.
Additionally, the MEXC Fan Token Platform, which is now the most popular, has listed over 15 fan tokens. S.S. Lazio, FC Porto, and FC Santos are a few fan tokens you need to be familiar with as a newbie. Fans can participate in fun activities with these tokens, including gamification, exclusive incentives, autographed products, and extraordinary brand experiences.
In addition, a platform for the issuing of fan tokens is also available on Binance. The best place for fans to support their favorite teams is the Binance Fan Token Platform! To give fans and supporters the ability to affect and interact with their favorite teams, the platform is continually launching new Binance Fan Tokens and strategic collaborations.
How does the Fan Token work？
Like other cryptocurrencies, fan tokens can be traded, though prices may fluctuate according to the state of the market and the level of interest in the coin. In addition, users can vote on different problems about their preferred clubs if they have a particular number of Fan Tokens.
Benefits of Fan Tokens
- Voting in club polls, such as selecting greeting songs, messaging, or jersey colors.
- Exclusive entry to gatherings when club players are present.
- Discounts on club merchandise and player autograph sessions.
- Direct field access to training sessions.
- The stadium is open to everyone without a fee.
- The ability to use the token to purchase match tickets and/or receive discounts on match tickets.
- Possibility of getting access to any NFTs the club releases to token fans.
With these benefits, supporters can feel more connected to the teams they support and gain tremendous pride and prestige. Additionally, if the club develops, the value of the fans’ tokens may rise. Additionally, Fan Tokens establish a select group of the most devoted admirers. They give supporters a fresh opportunity to actively participate in club affairs. Users who own more Fan Tokens are more devoted to the team and have a more significant influence on the organization.
Through the Binance Football Fever 2022 promotion, fans may participate in the Championship and earn rewards by performing tasks. Gate.io sponsors the Gate.io World Cup NFT Collection with a pool of $10k and additional prizes, while MEXC created a referral program with a potential prize pool of $4.5k.
1. CHZ — The world’s leading blockchain fintech provider for sports & entertainment
A token of the Chiliz network is the cryptocurrency Chiliz (CHZ). The main character in fan tokens is Chiliz. On its blockchain, Chiliz serves a unique function as a token: Chiliz can be traded for an NFT or Non-Fungible Fan Token. One can buy and sell it with the help of exchanges like Bitpanda or Coinbase. Additionally, you may purchase Chiliz on a variety of online trading platforms. For instance, in the Socios app for fan tokens. On exchanges like Bitpanda, Coinbase, or Binance, you can still purchase CHZ.
2. BFT — Brazil National Football Team Fan Token Price
Brazil Fan Token (BFT) is the official Fan Token of the Brazil National Football Team, a five-time World Cup winner. It is also recognized as the most successful National Team ever played on a football pitch. Aside from millions of Brazilian Fans, the past and present teams always have had a solid fan base worldwide. Released on Aug 25, 2021, BFT aims to trigger various loyalty programs and events to deliver unique privileged experiences for investors and sports enthusiasts worldwide.
Brazil National Football Team Fan Token is up 3.15% in the last 24 hours. It has a live market cap of USD 7,253,784 and a circulating supply of 29,840,000 BFT coins. Besides, it has a max supply of 100,000,000 BFT coins.
The token reached its peak on September 28, costing $1.5. Since the World Cup started, the token has been trading low. However, even after the win on November 25 against Serbia, the token’s price did not rise up.
3. SNFT — The Spain National Football Team Fan Token
The Spain National Football Team Fan Token is the BRC-20 smart contract designed to revolutionize the fan experience. With Token, Spain National Football Team allows fans to participate in exclusive surveys and events, create digital collections, purchase NFTs, and enjoy gamification and mission features linked to fan rewards, missions, and great experiences.
Spain National Fan Token is down 4.34% in the last 24 hours. It has a live market cap of USD 2,905,273 and a circulating supply of 24,350,000 SNFT coins. Besides, it has a max supply of 100,000,000 SNFT coins.
The Spain National Fan Token showed volatility in the past few months and reached a high point of $0.53 on November 18, two days before the World Cup started. However, the token broke its record on September 28, when it sold for $0.82. Even after the win against Costa Rica by 7–0, SNFT showed a decrease of 6.35% and is standing at
$0.08692 as of the time of writing.
4. ARG — Argentine Football Association Fan Token
Argentine Football Association Fan Token, or ARG, is the official token for Argentina National Football Team. It is a utility token that gives Argentina fans a tokenized share of influence on the club. It is among the most popular fan tokens for the upcoming World Cup Championship.
Argentine Football Association Fan Token is down 4.00% in the last 24 hours. It has a live market cap of USD 13,444,111 and a circulating supply of 3,746,912 ARG coins. Besides, it has a max supply of 20,000,000 ARG coins.
5. POR — Portugal National Team Fan Token
Portugal National Team Fan Token is a cryptocurrency that operates on the Chilliz platform. Like any other fan token, it gives the token holders the power to influence decisions made by the team. This article will discuss everything you need about POR Fan Tokens and a guide on buying POR tokens.
Portugal National Team Fan Token has a current supply of 20,000,000 with 4,001,877 in circulation. The last known price of Portugal National Team Fan Token is 3.23425195 USD and is down -3.19 over the last 24 hours. It currently trades on 12 active market(s), with $2,852,598.22 traded over the last 24 hours.
The Portuguese team’s fan token reached an all-time high of $7.22 on November 18. Many people bought the Portugal National Team Fan Token right before the World Cup started. It seems the hype is already going down, as the token went down by more than 30% and is currently worth $2.91. It’s worth mentioning that the Portuguese team won against Ghana, but the token price went down.
6. ITA — Italian National Football Team Fan Token
ITA fan tokens were created in a joint effort between the reigning European champion, Italy Football Federation, and Chiliz. Chiliz is the leading worldwide blockchain solution for the sports and entertainment business. They announced the launching of ITA fan tokens earlier last year on Socios, and since then, everyone has eagerly awaited a piece of the Italian token.
Italian National Football Team Fan Token is up 4.61% in the last 24 hours. However, it has a live market cap of unavailable, and circulating supply is unavailable. Besides, it has a max supply of 30,000,000 ITA coins.
European champion Italy did not play in the 2022 World Cup after being beaten by North Macedonia in its play-off in Palermo. Italy has now failed to qualify for a second consecutive World Cup, and due to this, the price of ITA fan Token has declined severely. It is currently priced at $1.16 as of writing.
Lazio Fan Token (LAZIO) is a fan token by Binance — the world’s biggest and most popular cryptocurrency exchange. SS Lazio is one of Italy’s most prestigious and long-standing clubs, with a rich history and recent Champions League participation. Lazio has two Seria A titles, seven Coppa Italia titles, three Supercoppa Italiana titles, and one UEFA Cup Winners’ Cup and UEFA Super Cup title. Binance is the world’s biggest cryptocurrency exchange, launched by Changpeng Zhao, the current CEO.
At the beginning of the World Cup, the token saw a 30% price drop in the last week and is currently priced at $4.78.
FC Porto Fan Token (PORTO) is a fan token on the BEP-20 network. As a Binance fan token utility token, PORTO is designed to reward fans of FC Porto, a well-known football team that competes in the Portuguese Premier League. FC Porto was founded in 1893 and is the second wealthiest football team in Portugal, known for its huge fan base. The PORTO token launched on Nov. 6, 2021. By holding the PORTO token, fans can gain exposure to the football club’s activities by voting on decisions and gaining access to exclusive discounts and club rewards.
The token is currently trading at $3.71 but has seen a drop over the last week. The token traded higher before the World Cup began and dipped on November 20.
Santos FC Fan Token (SANTOS) is a fan token of the eponymous football team launched by a partnership between Santos FC and Binance Launchpool. Santos FC, aka Santos Futebol Clube, is a Brazilian sports club in São Paulo, based in Vila Belmiro.
Priced at $6.50, the token also saw a similar decrease over the last seven days, with the price dropping by 21%.
The long-awaited quadrennial football event finally kicked off on November 21, 2022. As the biggest football game in the world, the tournament is expected to attract over five billion viewers worldwide. Unlike previous tournaments, this year’s football carnival features many sponsorships from crypto. For instance, the logo of Binance is on the jersey of the Argentina National Football Team, and Crypto.com has become an official sponsor of the tournament. This is not the first collaboration between crypto and the world’s most significant sports event. Back in 2018, the market saw cryptos related to the tournament.
Behind the football, the feast is a massive viewership with invaluable business opportunities. Many teams and clubs participating in the matches have issued fan tokens this year. As the trending event unfolds, fan tokens could drive away the present sluggishness of the market and start a new boom in crypto investment.
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