fan token

Back in September, Juventus Soccer Club launched its own ‘fan token’. Now, the partner behind that token, Socios.com, is buddying up with West Ham United.

The Socios.com Fan Token

Socios.com is a “new app for football fans.” It allows its users to vote on club matters by collecting the fan token that is issued by the Socios blockchain and tradeable against the platform’s native cryptocurrency ChiliZ (CHZ).

As stated, Juventus signed up last September. Paris St. Germain soon followed, inking its deal two weeks later. West Ham is the first Premier League club to sign.

The CHZ fan token has already received significant investment from Binance and Bancor.

According to Alexandre Dreyfus, CEO and Founder of Socios.com:

/**/

“We’re building a strong eco-system of top-tier clubs from the best and most exciting leagues across the world and are very excited to have West Ham United as the first Premier League club to drive the evolution of football fan engagement.”

User-Base Potential

West Ham boasts a fan base of 40 million supporters. Should the ability to vote on club decisions and gain access to exclusive rewards whet their appetite, then the platform has huge potential ahead.

Further, the fan token has launched in time for the 2019/2020 season. Fans will be able to buy, collect, and “hunt” for them and the more tokens a user has, the more influence they have over club decisions.

Fans can also cash in their tokens for “once-in-a-lifetime experiences.”

West Ham’s official announcement described the blockchain initiative as:

“A first-of-its-kind mobile app for football fans, where fans acquire the ability to vote – by buying, earning or hunting for Fan Tokens – on selected club decisions, earn club rewards and compete for once-in-a-lifetime experiences.”

>> Bitcoin Price: Analysts Indicate BTC Could Drop to $4,000

The Takeaway

Another established football club putting its name to a blockchain and cryptocurrency venture only helps to increase adoption for the technology as a whole. As West Ham sits in the Premier League, it may entice other bigger clubs to follow in its footsteps.

What do you think? Do you think the Socios.com fan token will garner more teams? Will it take off?

Featured Image: DepositPhotos © Maxisports

/* p > a { text-decoration: none; color:#000 !important; } .crec-ad > p > a:hover { color:#000 !important; text-decoration: underline; } @media(min-width:1228px){ .crec-image img{ width:191px; height:100px; } } @media (max-width: 1228px) { .crec-ad { width: 50%; box-sizing:border-box; } .crec-image img{ width:100%; height:158px; } .crec-ad:last-child { width: 50%; padding-right: 4px; } } @media (max-width: 590px) { .crec-ad { width: 100%; } .crec-image img{ height:auto; } .crec-ad:last-child { width: 100%; padding-right: 4px; } .crec-header h1 { padding-left:20px; } .crec-container { padding-left:20px; padding-right:20px; } }
/*]]>*/

/**/

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews



Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Millions in Cryptocurrency Stolen by Scammers in the Last Month According to Tenable Research
November 24, 2021
Behind The Scenes: How this Crypto Community Responded to + $50m Hack
October 18, 2021
Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021

Blockchain/Cryptocurrency Questions and Answers

Crypto casinos
How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
Cryptocurrency
How to Buy and Sell Cryptocurrency
November 8, 2021
What Are Bitcoin Futures And How Will They Work In 2022?
November 4, 2021
Ethereum
The Unconventional Guide to Ethereum
October 28, 2021
ICo Presale
The Science Behind ICO Presales…
October 14, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin51,010 0.20 % 3.40 % 11.82 %
Ethereum4,321.6 0.29 % 2.99 % 2.76 %
Binance Coin579.02 0.29 % 1.58 % 7.18 %
Tether0.9986 0.03 % 0.08 % 0.23 %
Solana195.17 0.74 % 2.91 % 4.49 %
Cardano1.410 0.29 % 5.06 % 12.08 %
USD Coin1.000 0.14 % 0.20 % 0.17 %
XRP0.8257 0.45 % 3.95 % 16.71 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
Terra70.17 0.86 % 10.90 % 36.05 %

bitcoin
Bitcoin (BTC) $ 51,095.00
ethereum
Ethereum (ETH) $ 4,329.24
binance-coin
Binance Coin (BNB) $ 580.62
tether
Tether (USDT) $ 1.00
solana
Solana (SOL) $ 195.61
cardano
Cardano (ADA) $ 1.41
usd-coin
USD Coin (USDC) $ 0.999486
xrp
XRP (XRP) $ 0.828088
polkadot
Polkadot (DOT) $ 30.66
terra-luna
Terra (LUNA) $ 70.19