Fan tokens give supporters more then just monetary gains. Fans can participate in polls, gain rewards, and make club decisions, which are priceless for passionate fans.
Fan tokens are blockchain based digital assets that give owners special rights, like voting privileges, when it comes to minor club decisions. Sports enthusiasts all have favourite teams, and if someone owns the fan token of their favourite team, this grants them access to many VIP rewards. But the fan tokens themselves are not identified as crypto; the cryptocurrency is Chiliz ($CHZ).
If someone wants to own a fan token, they must first install the Socios app onto a mobile device. Next, they can purchase Chiliz, which is the in-app proprietary currency, and use Chiliz to purchase the fan tokens they fancy. Once purchased, the fan tokens never expire, thus giving the owner access to their favourite team, forever. These are the newest developments in sports digital currencies, and they’ve taken the global market by storm.
Fan tokens give supporters much more for their money than other digital assets. Fans can participate in polls, gain rewards, and make club decisions, which are priceless for passionate fans. Perhaps this is the reason why fan tokens can hold resilient amidst a bear market.