{"id":463593,"date":"2022-06-15T22:00:01","date_gmt":"2022-06-15T19:00:01","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/what-are-fan-tokens\/"},"modified":"2022-06-15T22:00:01","modified_gmt":"2022-06-15T19:00:01","slug":"what-are-fan-tokens","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/what-are-fan-tokens\/","title":{"rendered":"#What Are Fan Tokens?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a23399b59cc0\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a23399b59cc0\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/what-are-fan-tokens\/#%E2%80%9CWhat_Are_Fan_Tokens%E2%80%9D\" >&#8220;What Are Fan Tokens?&#8221;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/what-are-fan-tokens\/#Fan_Tokens_in_Action\" >Fan Tokens in Action<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/what-are-fan-tokens\/#How_Do_They_Work\" >How Do They Work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/what-are-fan-tokens\/#Where_to_Buy_Fan_Tokens\" >Where to Buy Fan Tokens<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/what-are-fan-tokens\/#Who_Has_Issued_Fan_Tokens\" >Who Has Issued Fan Tokens?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CWhat_Are_Fan_Tokens%E2%80%9D\"><\/span>&#8220;What Are Fan Tokens?&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<figure style=\"width: 1200px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"type:primaryImage wp-image-808172 size-full\" data-pagespeed-no-defer=\"\" src=\"https:\/\/www.howtogeek.com\/wp-content\/uploads\/2022\/05\/shutterstock_778693663.jpg?width=1198&amp;trim=1,1&amp;bg-color=000&amp;pad=1,1\" alt=\"Football fans in a stadium.\" width=\"1200\" height=\"675\" data-crediturl=\"https:\/\/www.shutterstock.com\/image-photo\/football-fans-clapping-on-podium-stadium-778693663\" data-credittext=\"Matushchak Anton\/Shutterstock.com\"\/><figcaption class=\"wp-caption-text\"><span class=\"type:primaryImage imagecredit\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.shutterstock.com\/image-photo\/football-fans-clapping-on-podium-stadium-778693663\">Matushchak Anton\/Shutterstock.com<\/a><\/span><\/figcaption><\/figure>\n<p>Fan tokens are cryptocurrencies that allow holders to vote on minor decisions related to sports clubs, earn rewards, and have a shot at unique experiences like meet and greets. They can be used by any other organization to engage a community with digital assets.<\/p>\n<h2 role=\"heading\" aria-level=\"2\"><span class=\"ez-toc-section\" id=\"Fan_Tokens_in_Action\"><\/span>Fan Tokens in Action<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>For example, holders of fan tokens can vote on which uniform a team wears. They could also be rewarded with tickets to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a>s or <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>arel. There are endless possibilities. The concept is still fresh and use cases are still being created.<\/p>\n<p>Teams that offer these tokens hope to increase engagement and awareness of their teams. Even though we like to think that teams operate with only winning in mind, they ultimately operate as a business. They want to generate income and make money. These teams are beginning to realize that there could be lucrative potential in creating fan tokens.<\/p>\n<p><strong>RELATED:<\/strong> <strong><em>Crypto Token vs. Coin: What&#8217;s the Difference?<\/em><\/strong><\/p>\n<h2 role=\"heading\" aria-level=\"2\"><span class=\"ez-toc-section\" id=\"How_Do_They_Work\"><\/span>How Do They Work?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.socios.com\/usa\">Socios<\/a> is currently the leading fan token platform. Its business model has been copied by other blockchain companies attempting to enter this sector of cryptocurrencies. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.binance.com\/en\">Binance<\/a> has also joined the market.<\/p>\n<p>Teams make agreements with these companies to mint fan tokens on a blockchain. Upon agreement, a Fan Token Offering (FTO) is scheduled. People can buy these fan tokens for a flat price at the time of the FTO. After the FTO, fan tokens can rise and fall in value based on demand just like other cryptocurrencies. If a team is making a run for the championship their token might be in demand. If a team is not performing well, its token value could sink.<\/p>\n<h2 role=\"heading\" aria-level=\"2\"><span class=\"ez-toc-section\" id=\"Where_to_Buy_Fan_Tokens\"><\/span>Where to Buy Fan Tokens<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Fans can buy most tokens on Binance or on their phone through the Socios app. It is up to the user\u2019s preference, however, there is a little more of a learning curve if using Binance.<\/p>\n<p>The Socios app can be downloaded for <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.socios&amp;hl=en_US&amp;gl=US\">Android<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/apps.apple.com\/us\/app\/socios-com-wallet-tokens\/id1464868277\">iPhone<\/a> users. It offers a more seamless experience. Polls, rewards, and other perks are all found within the app. In order to buy fan tokens on Socios, users must have a balance of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.chiliz.com\/en\/\">Chiliz ($CHZ)<\/a>. CHZ is the currency that allows users to buy tokens on the Socios platform. The steps to purchase are simple and explained clearly in the app.<\/p>\n<h2 role=\"heading\" aria-level=\"2\"><span class=\"ez-toc-section\" id=\"Who_Has_Issued_Fan_Tokens\"><\/span>Who Has Issued Fan Tokens?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Many prominent organizations are starting to issue their <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/view\/fan-token\/\">fan tokens<\/a>. The list includes some of the most prominent <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/redirect.viglink.com\/?key=204a528a336ede4177fff0d84a044482&amp;u=https%3A%2F%2Fwww.bbc.com%2Fnews%2Ftechnology-59596267%23%3A%7E%3Atext%3DAnother%2520way%2520clubs%2520are%2520getting%2Cbuilt%2520in%2520code%2520representing%2520owenrship.\">soccer clubs<\/a> in Europe, a couple <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/us.motorsport.com\/f1\/news\/aston-martin-alfa-romeo-f1-fan-token\/6511965\/\">Formula 1<\/a> teams, and even some <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/esportsinsider.com\/2021\/06\/team-vitality-to-launch-fan-tokens-on-socios-com\/\">e-sports clubs<\/a> have their own tokens.<\/p>\n<p>As of May 2022, sports teams in the U.S. have not issued any fan tokens. But, in the last year, Socios has reached advertising agreements with the NFL, NHL, and NBA. It seems that fan tokens for sports clubs in the U.S. might be on the way.<\/p>\n<p>As of now, more than 50 fan tokens are listed on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/view\/fan-token\/\">coinmarketcap.com<\/a>, and the list will continue to grow. More and more clubs are recognizing that fan tokens serve a unique purpose. Fans can support their team no matter where they live. Stay on the lookout for your favorite team to issue their own fan token in the future.<\/p>\n<\/div>\n<p><script>\n setTimeout(function(){\n  !function(f,b,e,v,n,t,s)\n  {if(f.fbq)return;n=f.fbq=function(){n.callMethod?\n  n.callMethod.apply(n,arguments):n.queue.push(arguments)};\n  if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\n  n.queue=[];t=b.createElement(e);t.async=!0;\n  t.src=v;s=b.getElementsByTagName(e)[0];\n  s.parentNode.insertBefore(t,s) } (window, document,'script',\n  'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n   fbq('init', '335401813750447');\n   fbq('track', 'PageView');\n  },3000);\n<\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more like this article, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/technology\/\" target=\"_blank\" rel=\"noopener\">Technology category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/www.howtogeek.com\/803266\/what-are-fan-tokens\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;What Are Fan Tokens?&#8221; Matushchak Anton\/Shutterstock.com Fan tokens are cryptocurrencies that allow holders to vote on minor decisions related to sports clubs, earn rewards, and have a shot at unique experiences like meet and greets. They can be used by any other organization to engage a community with digital assets. Fan Tokens in Action For&#8230;<\/p>\n","protected":false},"author":1,"featured_media":463594,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.howtogeek.com\/wp-content\/uploads\/2022\/05\/shutterstock_778693663.jpg?height=200p&trim=2,2,2,2","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-463593","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/463593","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=463593"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/463593\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/463594"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=463593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=463593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=463593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}