What is a fan token?

Fan tokens are cryptocurrencies that permit their holders to access a variety of fan-related membership perks like voting on club decisions, rewards, merchandise designs and unique experiences. They can be used by sports clubs, music fan clubs and other organizations to democratize and organize experiences, establish club leadership and more.

Is fan tokens a unicorn?

That idea has since grown into a successful multinational company - a crypto unicorn set to be 200-strong by the end of 2021 - that is pioneering a generational shift in the sports industry through digital assets called Fan Tokens and the Socios.com fan engagement and rewards app.

What is the difference between fan tokens and NFTs?

While NFTs give ownership rights by virtue of digital copyright that cannot be exchanged, fan tokens are completely interchangeable. This means that fan tokens can be easily exchanged for availing products or services of the enterprise behind them. Additionally, fan tokens build identity and gather people in a close-knit community.

Where can I buy and trade CHZ fan tokens?

CHZ tokens can also be used to purchase and trade different fan tokens on Socios.com. Fan tokens can be traded on Chiliz.net – their in-house exchange and trading platform against CHZ. Some fan tokens are available on popular centralized exchanges, but some may not be certified or large enough to be listed yet.