Fan tokens are another categorization of crypto assets. In the crypto-verse, fan tokens are crypto assets which are also subjected to high volatility. Fan tokens are owned by sports organizations and they are put into circulation to be earned or purchased by fans and even non-fans.
Below are 5 of the top football fan tokens in no particular order:
1. Paris Saint-Germain Fan token (PSG)
PSG token is the fan token of the world-famous French club, Paris Saint-Germain. PSG token was launched on Socio. PSG token is built on the Chillz Chain which is also based on the Ethereum network.
Holders of this token have the opportunity to influence the team’s long-term goals and skills. Holders also get to enjoy some VIP experiences. At the moment, holders of PSG tokens can vote for the cover design of the limited-edition FIFA-22 PSG and also influence the new Parc des Princes stadium.
Just like every other unstablecoin, the PSG token is also volatile and subject to the factors that affect the market. It was reported that the trading volume increased by more than 130% shortly after Lionel Messi joined the team.
Currently at the time of this writing according to coin marketcap, a PSG token is worth US$6.7 with a total market cap of US$21.05 million. PSG token has a total and maximum supply of 20 million tokens in circulation but with only 3.111 million tokens in circulation. Its average trading volume per 24 hours is US$12.305M.
PSG is listed on Binance.
2. Lazio Fan Token(LAZIO)
Just like every other fan token, LAZIO gives its holders voting rights and gives fans access to some exclusive club rewards and experiences. One of these is the ability of holders to determine the message on their captain’s armband. Holders of this token get the opportunity to visit the player area in the stadium or even get the right to watch matches in the VIP session.
The fact that LAZIO launches on the Binance Smart Chain, fans benefit from broader accessibility, more functionalities and lower cost of transactions. At the moment, Binance is planning sessions on LAZIO affairs, loyalty subscriptions, fan shop integrations and NFT for token holders.
At the time of this writing according to coin marketcap, a LAZIO token is worth US$2.039 with a total marketcap of US$17.636 million. LAZIO token has a total of 40 million LAZIO tokens as its maximum and total supply with just 8.6 million tokens in circulation. LAZIO token has US$5.286 as its average 24 hours volume.
One of the exchanges LAZIO can be traded is Binance.
3. FC Barcelona Fan Token (BAR)
This token was created from the collaboration between FC Barcelona and Chilliz. The main aim of this token from inception is to unite Barcelona fans around the globe by tokenizing their interactions with club players.
BAR allows holders to influence club decisions and also participate in some fan reward contests. The weight you get to pull behind your votes also depends on the number of tokens you have. Socios is used to harness these votes and opinions. Other perks that come with holding BAR tokens are the VIP access to Camp Nou home stadium, the opportunity to meet football legends, opportunities to attend autograph sessions and also get those items signed.
At the time of this writing according to coin marketcap, a BAR token is worth US$4.185 with a total market cap of US$16.431 million. Both its total supply and maximum supply are 40 million BAR tokens with 3.952 million tokens in circulation. Its average trading volume in 24 hours is US$5.906 million.
4. AC Milan Fan token (ACM)
This is one of the Chiliz Chain based 40 tokens on socios representing global football teams. ACM token creates a bridge between celebrity football players and ordinary fans. Through this bridge, ACM token gets to really connect fans who are holders to their favourite team players through VIP invites, meet and greets and even signed merch.
ACM has created a great link between the world of cryptocurrency and sports. Fans who hold the token can now play parts in their players’ lives and sporting organizations. For example, token holders have the chance to pick the official fan motto for AC Milan’s team dressing room.
At the time of this writing according to coin marketcap, one ACM token is worth US$3.077 with a total market cap of US$9.406 million. ACM has a total supply of 20 million tokens with a total of 3.141 million ACM tokens in circulation. ACM garners an average of US$9.859 million in an average of 24 hours.
5. Manchester City Fan Token (CITY)
Manchester City Fan Token created on socios is the fan token of an English football club Manchester City. The value of this token is heavily reliant on the clubs’ success and development. This was further established when the value of the token increased significantly when it was rumored that Cristiano Ronaldo would join the club.
CITY Token represents ownership of a voting right and gives fans access to earn unique club-specific rewards and experiences. As long as CITY is listed on Socios.com for trading, fans can acquire the token and with it a stake in the club’s governance.
At the time of this writing according to coin marketcap, a CITY token is worth US$4.590 with a market cap of US$16.101 million. CITY has the maximum and total supply of 20 million CITY tokens with 3,508 million CITY tokens in circulation. Also, per 24 hours, CITY has a trading value of about US$3.145 million.
Fan tokens are unstoppably the future of the sports economy as it allows fans to tokenize their engagement with the team and also explore the use cases of these tokens.