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What is the OG Fan Token?
The OG Fan Token (OG) is a utility token that allows OG Esports Team ("OG") fans to have a tokenized share of influence on team decisions through the Socios application and services. Socios is a blockchain-based platform for fan engagement and rewards for sports and entertainment organizations, powered by Chiliz.
About OG
Established in 2015, OG has been a dominant force in Dota 2. Unlike a football club, OG excels in the highest levels of the game. They made history by becoming the first and only organization to win The International twice in 2018 and 2019. This back-to-back victory in the two largest esports competitions across any game garnered global attention and earned the team over $26.6 million in prize money. OG now aims to expand into other games and continue its growth.
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What are Fan tokens?
Fan tokens are assets that represent proof of ownership or membership. They are used for various purposes and are supported by specialized blockchains like Ethereum and their ERC standard tokens. Socios.com is an app designed for football fans, allowing them to acquire club-specific Fan tokens and gain voting rights to influence the clubs they support.
How do Fan tokens work?
Fan tokens work through the use of Chiliz ($CHZ), an ERC20 utility token on the Ethereum blockchain. Chiliz serves as the digital currency for the chiliZ and Socios.com platform. Fans can participate in a Fan Token Offering (FTO) hosted by club partners on the Socios.com platform. To acquire Fan tokens, fans need to purchase $CHZ through a cryptocurrency exchange. These tokens are team-specific and provide access to encrypted voting and membership rights ownership.
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