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Information

Data from
Issue Time
1970/01/01
Initial Price
US $ --
Circulation/Max
1.38M/5.00M
Dominance
0.00%
ROI --%
$0.00000000$8.24852493
Low · 2021/04/292021/04/29 · High

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 BSC Young Boys

The club BSC Young Boys was founded in 1898 in Bern and is the current Swiss champion. The club has managed to win the championship for four consecutive years. In 2018, the yellow-blacks participated in the UEFA Champions League for the first time in the club's history. In the current season, they have once again reached the group stage of the UEFA Champions League. In addition, YB is the sports club with the most members in Switzerland.

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, with Ethereum and their ERC standard tokens being the most common. Socios.com is an app designed for football (soccer) 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. $CHZ serves as the digital currency for the chiliZ and Socios.com platform. To acquire Fan tokens, fans need to participate in a Fan Token Offering (FTO) hosted by club partners on the Socios.com platform. They must purchase $CHZ through a cryptocurrency exchange, which grants them access to specific team or club tokens. These tokens provide ownership of voting and membership rights through an encrypted ledger.

Nov 22, 2024 · a few seconds ago answers

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