1H1D1W1M
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Information
Data from
Issue Time
1970/01/01
Initial Price
US $ --
Circulation/Max
296.72K/
Dominance
0.00%
ROI --%
Information
What are Fan tokens?
Tokens are generally assets that can represent proof of ownership or even membership. As tokens are already being used for a wide range of purposes, many specialized blockchains have been developed with native intent to support tokens, the most common of which is currently Ethereum and their ERC standard tokens. Socios.com is an app primarily for football (soccer) fans, where users acquire voting rights to influence the clubs they support by acquiring club-specific Fan tokens.
How do Fan tokens work?
Chiliz ($CHZ) is an ERC20 utility token on the Ethereum blockchain that serves as the digital currency for the chiliZ and Socios.com platform. In launching their platform, alongside other sports blockchain ventures, a new category of token has emerged — the Fan Token. Once onboard the Socios.com platform, yet to-be-announced club partners host what has been called a Fan Token Offering (FTO). Fans must purchase $CHZ via a cryptocurrency exchange in order to acquire Fan Tokens. These tokens — which are specific to a team or club — are a finite, digital asset that provide access to an encrypted ledger of voting and membership rights ownership.
About Sint-Truidense Voetbalvereniging
Koninklijke Sint-Truidense Voetbalvereniging, also known as STVV, is a very history-rich Belgian football Club. Created in 1924, under register number 373, the Limburg Club made its debut in the Belgian's top league in the season '57 - '58. After its best stunt in '65 - '66, winning the league cup and two finals, among other great seasons, the club is now owned by the Japanese company DMM.com Ltd since 2017. With a very international group, the Club hopes to be one of the top Belgian teams in the near future.
Answers
What are Fan tokens?
Fan tokens are assets that represent proof of ownership or membership. They are used for various purposes and are supported by specialized blockchains like Ethereum and their ERC standard tokens. Socios.com is an app designed for football fans, where users can acquire club-specific Fan tokens to gain voting rights and influence the clubs they support.
How do Fan tokens work?
Fan tokens work through the use of Chiliz ($CHZ), an ERC20 utility token on the Ethereum blockchain. $CHZ serves as the digital currency for the chiliZ and Socios.com platform. When a club partners with Socios.com, they conduct a Fan Token Offering (FTO), where fans can purchase $CHZ through a cryptocurrency exchange to acquire Fan tokens. These tokens are specific to a team or club and provide access to an encrypted ledger of voting and membership rights ownership.
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