What types of Fan Tokens are there? How do I get Fan Tokens?

As the name suggests, fan tokens are digital assets that holders (fans of a particular sports team, club, or player) own and derive value from.

What are the types of fan tokens?

Fan tokens are popular in the sports industry, although football club tokens are more well-known. However, fan tokens have also appeared in other sports, games, and even movies. Some of the famous teams in the football field include AC Milan, FC Barcelona, and Manchester City FC. Fans can use CHZ to acquire fan tokens of their favorites on the Socios app. In addition, celebrities issue NFT fan tokens, which represent ownership of specific items or experiences associated with the celebrity.

How to get fan tokens?

Fan tokens function very similarly to other cryptocurrencies. They have a limited supply and are available on specific platforms. Teams looking to issue fan tokens work with blockchain-based platforms to mint the tokens on the blockchain. Fan Token Offerings (FTOs) are scheduled and fans can purchase tokens at a fixed price. After the FTO, the value of fan tokens may fluctuate depending on team performance, use cases, demand, project execution, and other similar parameters.