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Information
Data from
Issue Time
1970/01/01
Initial Price
US $ --
Circulation/Max
838.16K/
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 $CHZ via a cryptocurrency exchange in order to acquire Fan Tokens. These tokens — which are specific to a team or club — are a finite, digital asset that provide access to an encrypted ledger of voting and membership rights ownership.
About Club Atletico Independiente
Independiente are among the most successful football clubs of all time, having won 21 International competitions throughout their history, including a record 7 Copa Libertadores. The Argentine side are also the only team to win South Americas biggest club competition four times in a row – a feat they achieved between 1972 – 75. Their most recent success came in the Copa Sudamerica, with the Avellaneda-based team winning the trophy in 2017.
Answers
What are Fan tokens?
Fan tokens are assets that represent proof of ownership or membership. They are used for various purposes and are supported by specialized blockchains, with Ethereum and their ERC standard tokens being the most common. Socios.com is an app designed for football (soccer) fans, allowing them to acquire club-specific Fan tokens to gain voting rights and influence the clubs they support.
How do Fan tokens work?
Fan tokens work through the use of Chiliz ($CHZ), an ERC20 utility token on the Ethereum blockchain. $CHZ serves as the digital currency for the chiliZ and Socios.com platform. To acquire Fan tokens, fans must purchase $CHZ from a cryptocurrency exchange. 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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