#1 Source for BlockChain News

Category archive

fan token

fan token

Another Fan Token | WestHam Soccer Club Signs with Socios.com

Back in September, Juventus Soccer Club launched its own ‘fan token’. Now, the partner behind that token, Socios.com, is buddying up with West Ham United.

The Socios.com Fan Token

Socios.com is a “new app for football fans.” It allows its users to vote on club matters by collecting the fan token that is issued by the Socios blockchain and tradeable against the platform’s native cryptocurrency ChiliZ (CHZ).

As stated, Juventus signed up last September. Paris St. Germain soon followed, inking its deal two weeks later. West Ham is the first Premier League club to sign.

The CHZ fan token has already received significant investment from Binance and Bancor.

According to Alexandre Dreyfus, CEO and Founder of Socios.com:

“We’re building a strong eco-system of top-tier clubs from the best and most exciting leagues across the world and are very excited to have West Ham United as the first Premier League club to drive the evolution of football fan engagement.”

User-Base Potential

West Ham boasts a fan base of 40 million supporters. Should the ability to vote on club decisions and gain access to exclusive rewards whet their appetite, then the platform has huge potential ahead.

Further, the fan token has launched in time for the 2019/2020 season. Fans will be able to buy, collect, and “hunt” for them and the more tokens a user has, the more influence they have over club decisions.

Fans can also cash in their tokens for “once-in-a-lifetime experiences.”

West Ham’s official announcement described the blockchain initiative as:

“A first-of-its-kind mobile app for football fans, where fans acquire the ability to vote – by buying, earning or hunting for Fan Tokens – on selected club decisions, earn club rewards and compete for once-in-a-lifetime experiences.”

>> Bitcoin Price: Analysts Indicate BTC Could Drop to $4,000

The Takeaway

Another established football club putting its name to a blockchain and cryptocurrency venture only helps to increase adoption for the technology as a whole. As West Ham sits in the Premier League, it may entice other bigger clubs to follow in its footsteps.

What do you think? Do you think the Socios.com fan token will garner more teams? Will it take off?

Featured Image: DepositPhotos © Maxisports

If You Liked This Article Click To Share

!function(f,b,e,v,n,t,s)if(f.fbq)return;n=f.fbq=function()n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments);if(!f._fbq)f._fbq=n;
n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)(window,
document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘894368744004449’);
fbq(‘init’, ‘447469122301599’);
fbq(‘init’, ‘1763072463990516’);
fbq(‘track’, ‘PageView’);

(function(d, s, id)
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “http://connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.6”;
fjs.parentNode.insertBefore(js, fjs);
(document, ‘script’, ‘facebook-jssdk’));

Fan Token Releasing for Juventus

Juventus soccer club is giving fans something different to shout about. The Italian soccer club announced today that it will launch its own fan token.

Rival Paris Saint-Germain made a similar announcement two weeks ago, so why is football becoming increasingly interested in the cryptocurrency sector?

There is one thing for sure that is positive about football’s involvement in crypto. It can help to promote the mainstream capabilities and adoption of cryptocurrency.

Let’s check out exactly what Juventus is doing with its fan token and what does it do?

Juventus Will Launch a Fan Token

Juventus will work with Socios.com to create its fan token. The blockchain-based fan engagement platform is also responsible for Paris Saint-Germain’s token. The token is a tradeable asset, mainly used for fan voting and polling. It is due for launch early next year.

There are questions about the coin still to be answered. Can it be traded for other crypto coins? Will it be usable to buy merchandise or tickets? These details remain to be seen. Paris Saint-Germain’s token can only be exchanged for Socios’ own chiliZ (CHZ) on its inbuilt marketplace, so one might assume the Juventus fan token will follow the same rules.

But none-the-less, Socios CEO, Alexandre Dreyfus, believes in crypto’s potential.

He predicts that partnerships such as these will boost the sports economy by $300 million in the “next few years.”

>> Ripple (XRP) Temporarily Passes Ethereum (ETH) but ETH Reclaims #2 Spot

Juventus

Juventus boasts a fan base of over 60 million. It is the second-ranking club in the world. Giorgio Ricci, Juventus co-chief revenue officer, head of global partnerships and corporate revenues, said the following regarding crypto the move:

“At the Club we are always very careful and pro-active towards innovation and new technologies. Together […] we believe we can offer new opportunities to our worldwide fan base to engage in a cutting-edge way with their favorite club.”

Crypto and Football

Football has been engaging heavily with cryptocurrency. Arsenal partnered with CashBet coin earlier this year, UK-based trading platform eToro signed a large advertisement deal with seven Premier League football clubs, and the ultimate footballing body, UEFA, began testing out a new blockchain ticketing system for the purchase of game tickets.

And now Juventus is launching a fan token. What next?

Featured Image: socios.com

!function(f,b,e,v,n,t,s)if(f.fbq)return;n=f.fbq=function()n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments);if(!f._fbq)f._fbq=n;
n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)(window,
document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘894368744004449’);
fbq(‘init’, ‘447469122301599’);
fbq(‘init’, ‘1763072463990516’);
fbq(‘track’, ‘PageView’);

(function(d, s, id)
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “http://connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.6”;
fjs.parentNode.insertBefore(js, fjs);
(document, ‘script’, ‘facebook-jssdk’));

Go to Top
%d bloggers like this: