Could Fan Tokens: be a New Trend in Crypto? - page 2.

johnsaributua

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Indeed, this type of token has so much potential because the fun is so varied, I mean everyone has his love for the football team even those who only like merchandise and themes of a club also exist Cheesy

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I think even though it is not as enthusiastic as investors in seeing trends, but token fans can be an alternative to following civilisation that this token is made and can be traded even in cex.

Even if I am interested again, I will buy maybe for a few $ in between my lunches, meaning that this is just a hobby collection, although unexpectedly sometimes it gets better profits.

The first time I got to know this token was around 2020, and at that time farming in defi in dex. I saw good potential but I didn't look at it too much and sold it when the price was expensive at that time. If I still hold it maybe there will be extra money today. Holder its winner. Fan tokens are fun tokens. Sooner or later every coin genre has its hype period, even binance took the opportunity first.

TastyChillySauce00

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You're wrong about this. Fan token has been an old trend in the crypto. It's very wrong to call that if it was a new trend ni the crypto. Some football clubs like manchester city or PSG have been releasing their fan tokens since a few years ago. Fan token's hype has been happening at 2021.
It may be having same characteristics. I mean fan token is also following the movement of bitcoin too. Things have been going so wrong for crypto these days when bitcoin gets dumped and everything was following it.

We must aware the fact that if fan token has become one of method to buy the merchandise from your favorite club. This is the only utility of fan token. I don't see other utility than it. It can get another FOMO again but i remind you that fan token was not a new trend.
Dappla has been helping the clubs to issue their fan tokens. It's now pump and dump token. There's nothing new in the crypto since fan token has very limited usability.

It's not the same like what you have been explaining above. The better if you try to take a look at it again,

tsaroz

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Quote from: Cryptodaring on June 08, 2024, 12:09:43 PM

I just learned about fan tokens today. I've been learning a lot lately, so I understand that fan tokens are a type of cryptocurrency that lets fans engage with their favorite sports teams, clubs, or organizations in a more immersive way.

They're often issued on blockchain platforms and provide fans with tokens like CITY and INTER. These tokens help fans feel more connected to their clubs, which led me to explore GAL, the official digital token of Galatasaray, a Turkish football club founded in 1905. By holding GAL tokens, fans can participate in management decisions, making them feel more connected to the club. What do you think about GAL, and do you think more football clubs will adopt this approach?

Fan tokens are not new. They were mostly issued during 2020 an 2021 with the similar idea of making fans getting involved in helping club make decisions and have other perks like VIP access and priority in buying merchs and meeting players. PSG, Man City, Arsenal, Barcelona, AC Milan, Juventus, you name it all have it.
A company named socios helped clubs and teams around the world to issue fan tokens. They were popular and looked for at the initial phase but as fans realized they are not getting anything special, the prices has plummeted. The tokens could still be an attractive buy for hardcore fans that wants to collect everything about their team and get chance to meet their idols but for normal investors, they are not worth holding.

Bureau

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I have heard about fan tokens but haven't seen any hype surrounding them. I don't see the purpose of these tokens as as they are specific to a club and a sport. Not everyone follows soccer so I believe it will have a saturated community. They are somewhat similar to meme coins as they lack utility.

kotajikikox

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Quote from: Ludmilla_rose1995 on June 08, 2024, 06:28:19 PM

the conclusion is that the future of the FAN token is actually ordinary

I might actually agree on this one. I mean I can see when and why it might turn successful. If there’s some kind of event that requires a fan token and you happen to be holding one, surely the demand will rise and you can happily sell yours for some money.

I think sports club may not be the best example for a fan token. They should create fan tokens for pop stars, actors/actresses. Basically celebrities or artists with a huge following of very dedicated and passionate fans.

Ludmilla_rose1995

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Quote from: Cryptodaring on June 08, 2024, 12:09:43 PM

I just learned about fan tokens today. I've been learning a lot lately, so I understand that fan tokens are a type of cryptocurrency that lets fans engage with their favorite sports teams, clubs, or organizations in a more immersive way.

They're often issued on blockchain platforms and provide fans with tokens like CITY and INTER. These tokens help fans feel more connected to their clubs, which led me to explore GAL, the official digital token of Galatasaray, a Turkish football club founded in 1905. By holding GAL tokens, fans can participate in management decisions, making them feel more connected to the club. What do you think about GAL, and do you think more football clubs will adopt this approach?

From what I have noticed, it is difficult for FAN tokens to get much attention from investors, especially those who will definitely buy only their fans and those who really understand the FAN token

Currently there are only a few FAN tokens that have quite large liquidity (big European teams) it's just that management doesn't want to fill the liquidity of the FAN token, this is actually quite heavy. the conclusion is that the future of the FAN token is actually ordinary

peter0425

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Quote from: Orpichukwu on June 08, 2024, 12:33:06 PM

Because of this thread, I just did a little search and noticed that there are a few clubs that have recently launched their own fan token, even though their market capital is a bit low right now compared to how it was when it was trending and making news headlines.

Some of the globally most recognized football teams also have released fan tokens.

One football team that competes in the premier league is tottenham hotspur and they released their fan token called SPURS. This team is very popular not only in English football but all over the world especially with a support from South Korea through their Korean Captain, Son Heung Min.

Football fans are some of the most passionate fans I have seen in the world. Fan tokens allow them to have access over exclusive content and sometimes the token allows one to be involved in a specific decision making process. Currently though it has 9.48 M usd as its marketcap.

Belarge

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Quote from: Orpichukwu on June 08, 2024, 12:33:06 PM

Fan tokens are no longer new trends on my side; time has come and gone. I can recall when they were trending, but I think it was sometimes last year or the year before that Binance was part of the exchange that promoted a few of them. They even have a dedicated exchange where all the fan tokens are listed; as of that time, "Chiliz" was the name, and they even have their own native token too.

Because of this thread, I just did a little search and noticed that there are a few clubs that have recently launched their own fan token, even though their market capital is a bit low right now compared to how it was when it was trending and making news headlines.

We checked out for the wellbeing of our colleagues and also ourselves because this is simply to one of the basis to acknowledge in the space. Every season comes with new trends and this is probably airdrop season, it comes with more tasks and watching people anticipating in them for the purpose to gain streams for profits. Fan token becomes the new trend in the crypto space? Every club that have promising token will gladly launch them without hesitation.

Reatim

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Quote from: Cryptodaring on June 08, 2024, 12:09:43 PM

which led me to explore GAL, the official digital token of Galatasaray, a Turkish football club founded in 1905. By holding GAL tokens, fans can participate in management decisions, making them feel more connected to the club.

@galatasaray has 15.6 Million followers on instagram alone. Needless to say that they have a huge following.

I can definitely see how this can be attractive to fans however I can’t see any further growth. If you are not a fan of this group, I don’t see any reason for holding this token which could lead to a stagnant price activity. If you are looking for profit, I don’t think fan tokens might be the one you should be investing in.

btc78

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Quote from: Cryptodaring on June 08, 2024, 12:09:43 PM

I just learned about fan tokens today. I've been learning a lot lately, so I understand that fan tokens are a type of cryptocurrency that lets fans engage with their favorite sports teams, clubs, or organizations in a more immersive way.

People are easily entertained. I definitely think that fandom culture has been growing over the years. Many are now capitalizing on these fans and fan tokens would be no exception to it. Do I think it can be successful? Definitely, yes. Especially if these fan tokens have actual utility so that it doesn’t just lie there uselessly.

Quote

What do you think about GAL, and do you think more football clubs will adopt this approach?

I am not a football fan so I don’t know anything about this team but I think more sport teams not just football clubs will try to approach this concept. We already see sport teams are the ones very open to cryptocurrency due to sponsorship so I think it is high time they start earning by making their own tokens.

Orpichukwu

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Fan tokens are no longer new trends on my side; time has come and gone. I can recall when they were trending, but I think it was sometimes last year or the year before that Binance was part of the exchange that promoted a few of them. They even have a dedicated exchange where all the fan tokens are listed; as of that time, "Chiliz" was the name, and they even have their own native token too.

Because of this thread, I just did a little search and noticed that there are a few clubs that have recently launched their own fan token, even though their market capital is a bit low right now compared to how it was when it was trending and making news headlines.

bluebit25

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Basically it is not as good as the way you are describing, but there is no denying that the volatility of tokens of this type, because we are also approaching major sporting events, it is very likely that things will turn towards the will give everyone FOMO.

However, investing should also consider the risk/return factor to make an appropriate decision. In the short term, there are many people who are paying the same attention as you. And I've also seen a lot of people talking about an increase in these things going forward. But anyway, make sure if you intend to approach them, be ready for any situation.

Cryptodaring

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I just learned about fan tokens today. I've been learning a lot lately, so I understand that fan tokens are a type of cryptocurrency that lets fans engage with their favorite sports teams, clubs, or organizations in a more immersive way.

They're often issued on blockchain platforms and provide fans with tokens like CITY and INTER. These tokens help fans feel more connected to their clubs, which led me to explore GAL, the official digital token of Galatasaray, a Turkish football club founded in 1905. By holding GAL tokens, fans can participate in management decisions, making them feel more connected to the club. What do you think about GAL, and do you think more football clubs will adopt this approach?

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