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What is Fan Token and What Does It Do?

Esat Demirtaş Send an email 20 December 2021Last Updated: 16 April 2023
5 minutes read
What is Fan Token and What Does It Do?

Fan Token, which is a project that has succeeded in integrating entertainment and sports into the crypto markets, is getting popular day by day, so the questions of what is a fan token and what is a fan token for are increasing.

With this content, where we explain the fan token project and logic in detail, you will be able to evaluate your investments for fan tokens by fully understanding the fan token structure and logic.

What is Fan Token?

Fan Tokens are token units specially produced for fans and parties of a club or institution.

The fan token produced on Chiliz (CHZ) is therefore also known as Chiliz fan token, CHZ fan token. However, Chiliz (CHZ) is not a fan token, it is a project that provides fan token generation.

The fan token project is a structure that emerged as an idea in 2016 and as a project in 2018 by Chiliz (CHZ) crypto asset owner Socios.com. With this structure, special token production is provided to the fans of sports and e-sports clubs and some rights are granted to the fans.

What Does Fan Token Do?

A fan token is a type of crypto asset that allows fans or fans of a club to have a say over their club.

Fans, or in other words fans or fans, have a say in the club by purchasing fan tokens belonging to the club they support. In addition, fan token holders receive rewards as much as the amount of fan tokens they own.

This owner can direct their club by voting on many issues such as the club’s jersey design, player profile, friendly match location.

After the emergence, the first fan token $JUV was produced with the agreement of Socios.com with the Italian Juventus team, and the fan token stream was started.

The fan token stream, which the Juventus club took the first step, has managed to become a project involving more than 20 clubs as of today.

Many football clubs in the world such as Barcelona, ​​AC Milan, Rome, Atletico Madrid, Paris Saint German (PSG), Manchester City are included in the fan token system.

Where to Buy Fan Token?

It is easy to get fan tokens and you have multiple options to get fan tokens.

If you want to buy fan tokens directly from a fan token exchange, the Chiliz exchange will serve you fully. All of the fan tokens produced on Chiliz (CHZ) are already on the Chiliz exchange platform.

To purchase fan tokens from the Chiliz exchange, you must have a Chiliz exchange account. If you do not have a Chiliz exchange account, click here to create an account now.

It is not necessary to use the Chiliz exchange to buy fan tokens. Because some fan tokens are also listed on other crypto exchanges and fan tokens can be purchased from there, but if you want an exchange with all fan tokens, the Chiliz exchange will be the most suitable option.

In addition, with the pre-sales offered by the Chiliz exchange, you have the chance to have the fan tokens of your favorite team or club at special prices.

How to Buy, Sell and Transfer Fan Tokens?

There is no difference between buying a fan token and buying a cryptocurrency or token. Only after you know the fan token code you want to buy, you can buy fan tokens from the appropriate parities by searching the code from the Chiliz exchange or any other crypto exchange you work with.

Selling fan tokens is the same as buying and requires no extra action.

Fan token transfer is the same as normal cryptocurrency and token transfer. Therefore, only careful fan token transfers between the same token units can be carried out comfortably.

Frequently Asked Questions About Fan Token

In this section, we will try to answer the most frequently asked questions about fan tokens. This area will be updated regularly in line with your requests and questions.

What is Chiliz (CHZ) Fan Token?

Chiliz Fan Token and fan token are the same thing. Since fan tokens are generated on Chiliz (CHZ), some investors frequently ask what is a Chiliz fan token or CHZ fan token.

How to Buy Chiliz Fan Token?

Chiliz is not a fan token, it is the structure that generates fan tokens. However, fan tokens can be purchased on the Chiliz exchange.

Can I Buy Fan Tokens?

Of course, the fan token can be taken as an action, but if you are asking the question of whether to buy a fan token or not, it is entirely your decision.

What is Fan Token Hunt?

Fan token hunt is an augmented reality geolocation feature where traders can hunt for free CHZ and fan tokens. In order to hunt fan tokens, you need to log in to your Socios.com wallet account daily, while at the same time, depending on your luck, you will need to hunt for fan tokens in your immediate environment or in global areas.

Is Fan Token Available on Binance Exchange?

Not all fan token types are listed on the Binance exchange, but there are also fan tokens on the Binance exchange and can be bought and sold.

What is Fan Token Blockchain?

Fan tokens are generated on Chiliz (CHZ). Chiliz (CHZ) is an Ethereum ERC-20 network token.

What is a Fan Token Exchange?

The only fan token exchange is the Chiliz exchange, and all types of fan tokens are available on the Chiliz exchange.

Is Fan Token Permissible or Haram?

A fan token is an investment, just like a cryptocurrency or traditional life gold or currency investment. Therefore, it would be wrong to say that it is not permissible or haram, but it would still be more correct to get the opinion of the Presidency of Religious Affairs.

Which Teams Will Be Released Fan Tokens?

Click here to see the list of teams that are expected to release fan tokens. Fan tokens with Coming Soon at the top are fan tokens that are expected to be released soon.

How Much Are Fan Token Prices?

Since Fan Token prices vary according to the clubs they represent, you can click here to see all fan token prices.

Is Fan Token a Future Project?

Although Fan Token is not very old yet, it has gained a serious momentum and gradually all sports clubs around the world have started to take their place in this structure. Therefore, we can say that the fan token is a project with a future.

What is Fan Token Markets and What Does It Mean?

Fan token markets is a term that represents exchanges that list fan tokens.

Which Teams Have Fan Tokens?

You can click here to see the full list of teams with fan tokens.

What is Fan Token Pre-Sale?

The fan token pre-sale system, originally called Fan Token Offering, means investing newly released fan tokens at special prices.

What Do My Fan Token Assets Mean?

The My Assets field on the Chiliz exchange briefly means owned fan token assets and other listed cryptocurrencies and tokens.

How to Buy Socios Fan Token?

Since Chiliz exchange is already an exchange and fan token exchange owned by Socios.com, fan tokens can be purchased through the Chiliz exchange.

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Esat Demirtaş Send an email 20 December 2021Last Updated: 16 April 2023
5 minutes read
Photo of Esat Demirtaş

Esat Demirtaş

Since the day Bitcoin first entered our lives, my path has always crossed with cryptocurrencies and blockchain technology, and now I have turned my focus here, and when I realized that this world is brand new but complex, I decided to convey my humble knowledge to people who want to explore this world through the Binansal website.

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