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The popularity of cryptocurrency has created a huge demand for blockchain technology to be used in every industry. What was once considered to be able to potentially revolutionize commerce is now also seeping its way into other sectors. One such field where the blockchain space has been flourishing is the sports industry.
It is easily one of the biggest markets that blockchain tech can tap into and thrive. This is why almost every popular cryptocurrency exchange has partnered with several sports organizations, building relationships and exposing them to the blockchain world.
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A major part of these efforts resulted in fan tokens. Like the already prominent concept of fantasy games where people could play against their friends or earn money, fan tokens too have several perks attached to them.
As a result, these have too, increased in value over time. Ahead, we will first try to understand what fan tokens are and then we’ll look at some of the best ones you can consider buying in 2022.
What is a Fan Token?
A fan token is a digital asset created in a blockchain that gives its owner access to an intermediary service that sports organizations provide their fans. It is a concept that was created to help clubs or sports organizations monetize their fanbase in an efficient way. As for the fans, it is a chance to show their dedication or love for the team or sport, while enjoying the benefits that come with the tokens.
One can consider it to be like a fan subscription but without any need for renewal. The tokens are proof that the fan has access to every benefit that the team or organization is giving out. These perks can vary from team to team. Some may gift its token holders with VIP passes to games, merchandise or interactive opportunities with the players of their choice, while some may include private parties with the team or prizes like a car or trips to various destinations.
Currently, there are some options that have positioned themselves as reputable and trusted fan tokens, thanks to the brand built by their clubs or team over the years. These tokens can potentially create more opportunities for fans to interact better with the respective teams, and thus are likely to eventually grow in value too.
Here are Some of the Best Football Fan Tokens of 2024
1) Paris Saint Germain Fan Token
A professional football club based in Paris, France, Paris Saint-Germain is commonly referred to as PSG, Paris or Paris SG. Founded in 1970, the club has now regarded as one of the most popular football clubs with a number of acclaimed players.
PSG is a regular feature in the UEFA Champions League and has created a huge fanbase over the years. The PSG Fan Token; at the time of writing has a market cap of $20 million and is trading around the $6.45 range. The token can be purchased from exchanges like Binance, Gate.io, FTX, Hotbit etc.
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2) Alpine F1 Team fan Token
The Alpine F1 token is one of the top fan token offerings by Binance. It is owned by Alpine Cars, a manufacturer of racing and sports cars within the Renault Group. The company was founded in 1955 and launched its esports division in 2021. The team claims to have several plans for the future in terms of the token.
It shall eventually allow fan-engaging voting sessions on Binance. Alpine owners will also be allowed to stake their NFTs to get exciting rewards and digital collectables from its very own store- The NFT Powerstation.
Along with direct donation features and improved gamification, the fan token can boast of a roadmap that will explore and indulge the community to its full potential. With a market cap of $29 million and a price of around $2.58, the Alpine F1 fan token is the biggest fan token by market cap. It is available on Binance, Gate.io, Bitmart, Pancakeswap etc.
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3) S.S. Lazio Fan Token
The Lazio token is also another fan token by Binance. The club is based in Italy and has been around for a long time. The Lazio Fan Token is similar to the ones used by other football clubs.
A fan’s membership represents ownership of a voting right and entitles him to club-specific rewards. For example, fans may influence specific decisions, like determining a captain’s armband’s message.
There is also a chance for fans to win access to the club. They can, for example, get access to the player area in the stadium or be able to watch a match in the VIP area and receive discounts on club merchandise. Currently, the Lazio token is trading at a price of $2.21.
It is listed on major exchanges like Binance, Phemex, Coinex and Gate.io.
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4) FC Barcelona Fan Token
Barcelona is a name that needs no introduction. Every football enthusiast would be aware of the name. The club is extremely popular and has a huge fanbase all around the world.
It was founded by a group of Swiss, Spanish, German and English players in 1899 in Barcelona, Catalonia. World Famous players like Lionel Messi, Neymar, Ronaldinho, Maradona etc have played for the club.
Currently, the price of the token is at the $3.96 level and has a market cap of $15 million. The token is listed on exchanges like Binance, FTX and BKEX.
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5) Juventus Fan Token
Juventus FC, also known as Juve, is a club which has been gaining popularity not only as a football club but also as a token in recent months. The tokens will serve as a voting incentive for users who will be able to take decide simple things colour of jerseys worn by players, choosing charity causes etc.
The club has been looking to engage with its community and fanbase even more by potentially hoping to host events and give out rewards to the token holders. The token has a market cap of around $4 million and is in the price range of $3.65. It is available on Binance, Gate.io, Upbit, Paribu etc.
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While many of these tokens are a far way along their all-time highs recorded in the latest bull market, the increasing interest for these tokens and the concept itself can be an indicator that they might eventually end up following an uptrend.
Thus, while the current market conditions may be stunting the growth of such tokens, it is possible that they start exploding once the bull market eventually kicks in.
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