1H1D1W1M
Generalize
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.
Coin ranking
Users searched in the last 24 hours
Popular Q&A
- What are Cai Wensheng's views on the future of cryptocurrencies? How does he perceive the potential growth and adoption of cryptocurrencies? What factors does he consider when evaluating the future prospects of cryptocurrencies?2021-11-26
- Can you provide an analysis of the performance of Caixabank stock in the digital currency market? How does it compare to other digital currency stocks?2021-11-26
- What are the potential effects of Caitlin Long's Custodia Bank on the cryptocurrency industry? How will it influence the existing financial system and the adoption of cryptocurrencies?2021-11-26
- Can you explain the key differences between Caitlin Long's Custodia Bank and traditional banks when it comes to their approach in serving the cryptocurrency market?2021-11-26
- Can you explain the specific role that Caitlin Long plays in the development of the cryptocurrency custody services offered by Custodia Bank? How does her involvement contribute to the growth and success of the services?2021-11-26
- Can you provide a detailed description of Caitlin Longlong's contributions to the development of the cryptocurrency industry? How has her expertise and experience influenced the growth and innovation within the industry?2021-11-26