The cryptocurrencies listed here are a type of crypto designed to provide membership benefits to fandoms of sports teams, to vote on fan-related proposals like which uniform to wear, rewarded with tickets, or meet pop stars face to face.
Fan tokens give fans the chance to support home team, enjoy VIP rewards, access exclusive promotions, play games, and be verified as a Super Fan!
Fan tokens are a type of crypto designed to provide membership benefits to fandoms of sports teams, bands, and other groups. Fan tokens holders of fan tokens are often entitled to membership perks, such as access to exclusive club contents, prizes, experiences, and the right to vote on club decisions.
What are the benefits of holding fan tokens?
For fans, it’s a chance to support their home team, the future of their favorite sports team, or pop star, and speculate on their success in the Web3 markets. Fan tokens also give fans the right to vote on official team polls that help team make fan-related decisions. Token holders can also benefit from a host of amazing perks, exclusive promotions, rewards, VIP experiences and engage with a community of like-minded super fans.
How do fan tokens work?
The basic idea is that an organization like a sports team mints lots of fungible tokens (as opposed to non-fungible tokens, or NFTs), then sells or distributes them to fans or speculators. These tokens often retail on secondary marketplaces, just like cryptocurrencies such as Bitcoin or Ethereum, meaning they are beholden to conventional market forces.