A fan token is a digital asset launched on a blockchain that grants its owner access to various perks that sports organizations provide to their fans through the app Socios.com.
More than 60 organizations around the world, including Formula 1 racing, soccer teams, and e-sports teams, use fan tokens to interact with enthusiasts from all over the world.
But what exactly are fan tokens? What are the benefits of owning them? And, even more importantly, how can you get involved? In this article, we’ll answer these questions and introduce you to the ever-expanding world of the fan token.
What Is a Fan Token?
A fan token is a digital asset that enables sports and e-sports teams, music clubs, and other organizations and individuals to connect with enthusiasts from around the world, build fan engagement, and open up a whole new world of interaction within their industry.
Like cryptocurrencies, fan tokens are built on a system of digital records called a blockchain. Simply put, a blockchain is a digital database that stores transaction records in a secure, irreversible, and decentralized manner.
What is Socios.com?
Socios.com is all you need to enjoy this modern, unique opportunity to interact with your favourite team.
It's a mobile app, which is available on iOS and Android, where you can buy your Fan Tokens, vote in the polls and participate in endless games, contests and features to win exclusive prizes.
How can you Buy Fan Tokens?
Fan Tokens can be purchased directly through the Socios.com app with $CHZ, the application's native cryptocurrency, which you can easily buy with your credit or debit card, or through your Binance account.