Author

Topic: Football Fan tokens and gambling (Read 580 times)

newbie
Activity: 19
Merit: 0
December 26, 2022, 10:01:10 PM
#79
#PROOF OF REGISTRATION
Forum Username: Aa44
Forum Profile Link: https://bitcointalksearch.org/user/aa44-3512211
Twitter profile link: https://twitter.com/Ashraful3377
Telegram Username: @
Participated Campaigns: Twitter, Tiktok, Telegram
BSC Wallet Address : 0x53969BD9Bc44Ca906604fd6e74D3f42B79333986
newbie
Activity: 2
Merit: 0
December 22, 2022, 05:08:09 AM
#79
Recently i have seen many football fan tokens like AC Milan Fan Token (ACM) and Manchester City Fan Token (CITY). Also FC Porto Fan Token (PORTO) will list soon on binance.

Do these tokens have any use cases or they are just made to collect money from their fans ? Would they be used in gambling ?

This answer is very long but i want to help you briefly .
Actually these fan tokens have no utility and can not survive whitout an extra features to create revenue to theirselves and giving a purpose their hodlers.
Otherwise all of them will just become a standart token .
 

We are trying to support fantoken ecosystem in our project called Myteamcoin , we have aworking Defi as Myteamex.com  and nftmarket called myteamart.org (Still in development )
Right now we support BSC fantokens and some Chiliz BEP20 fantokens soon or later we will try to support ERC20 based and Bitci Based fantokens as well .
As Myteamcoin Family we are trying build more Dapps on BSC to create more additional resources help Fantoken Ecosystem


As Cz said no tokens can survive without an additional feature related defi .
full member
Activity: 882
Merit: 110
December 09, 2021, 04:20:24 AM
#78
Coming to the football fan tokens, I would be very much careful in investing in them especially at the time of their launch. There are high chances that these tokens will launch at a higher price and move to fair prices after a few days/weeks.
I think fan tokens trend will fade away soon and may not be long lasting one.
I think from the eyes of investors and traders, something like this makes sense because what we do must be balanced and there must be profit in every transaction, but it is different from the eyes of certain football fans. They will collect anything from their favorite club including this fan coin.
Moreover, it is said that by having coins from these football fans, they can have the opportunity to be closer to the club they love and this is of course what they want.
sr. member
Activity: 2030
Merit: 356
December 06, 2021, 12:44:47 PM
#77
Of course, it's nice when tokens can be used not only as a collector but also for other purposes, but for me, the content plays a huge role.
Yes, I also want the token to be as beautiful and unusual as possible. I really haven't seen something worthwhile for a long time that could excite my mind!
Do you want something to stir your mind? There is one exciting project. https://bitcointalksearch.org/topic/ann-fapp-minting-starts-on-november-23-nft-nsfw-links-inside-warning-5370296 This is incredible! I think you will like it very much!

I saw this link mentioned by you and did not find anything special about the project.

Coming to the football fan tokens, I would be very much careful in investing in them especially at the time of their launch. There are high chances that these tokens will launch at a higher price and move to fair prices after a few days/weeks.
I think fan tokens trend will fade away soon and may not be long lasting one.
member
Activity: 216
Merit: 12
December 03, 2021, 01:08:22 PM
#76
I don't think the fan club token will have any actual use in the gambling industry.!!
Yeah, I haven't seen one too. It depends on the casinos if they'll like to accept fan tokens. If they see that there's a huge userbase for a fan token, they might accept it. They're just relying on the demand for such tokens.
And if a fan token is seen to be in high demand and there's a lot of fans that are into it, they're for sure going to add it as long as they can capitalize and benefit from adding it.

Correct if that token have value and also been listed on top exchange then provably the casinos will accept that but if no demand or whatsoever which can give it any value then its not good to add since its not rewarding to anyone who holds it.

The football token I know so far is this https://coinmarketcap.com/currencies/footballcoin/.
That's a sample of it but there's more about those fan tokens that are specific for those teams that fans like. For that example, it's only listed on two exchanges.
This is the thing that others are looking for if they should be listed onto a casino, we don't know how these tokens will get there as long as they're being liked and really has a big community.

We never know which token get the hype and give lot of returns. As long as these clubs could find a use case for these token, they would be worth to buy.
An example could be that clubs can open marketplaces of the player shirts and footballs autographs with payment in their native club tokens.
Yep, you are right, pre-sale was start usually on 2 EUR on EU team like Inter, Napoli (the new) and 2GBP on UK clubs like Leeds, Arsenal on Socios platform and of course the biggest clubs give you x3 x4 on lisiting, Portugal 1 token I bought for 2 EUR, meanwhile lisiting on exchange was about 2,2 EUR and now is for 0,95 EUR. Argentina for example 2 EUR on pre, but on lisiting was for about 8EUR! Now price is about 1,5 EUR.
hero member
Activity: 2856
Merit: 618
Leading Crypto Sports Betting & Casino Platform
December 02, 2021, 01:39:15 PM
#75
I don't think the fan club token will have any actual use in the gambling industry.!!
Yeah, I haven't seen one too. It depends on the casinos if they'll like to accept fan tokens. If they see that there's a huge userbase for a fan token, they might accept it. They're just relying on the demand for such tokens.
And if a fan token is seen to be in high demand and there's a lot of fans that are into it, they're for sure going to add it as long as they can capitalize and benefit from adding it.

Correct if that token have value and also been listed on top exchange then provably the casinos will accept that but if no demand or whatsoever which can give it any value then its not good to add since its not rewarding to anyone who holds it.

The football token I know so far is this https://coinmarketcap.com/currencies/footballcoin/.
That's a sample of it but there's more about those fan tokens that are specific for those teams that fans like. For that example, it's only listed on two exchanges.
This is the thing that others are looking for if they should be listed onto a casino, we don't know how these tokens will get there as long as they're being liked and really has a big community.

We never know which token get the hype and give lot of returns. As long as these clubs could find a use case for these token, they would be worth to buy.
An example could be that clubs can open marketplaces of the player shirts and footballs autographs with payment in their native club tokens.
member
Activity: 216
Merit: 12
November 24, 2021, 07:39:54 PM
#74
Recently i have seen many football fan tokens like AC Milan Fan Token (ACM) and Manchester City Fan Token (CITY). Also FC Porto Fan Token (PORTO) will list soon on binance.

Do these tokens have any use cases or they are just made to collect money from their fans ? Would they be used in gambling ?

Are these AC Milan and Man City tokens issued by the club or they are issued by some random guy? We saw Squid Games token coming up few days back that have no link with squid games production house. Can someone clarify about these football fan tokens?
Being in gambling sector, I have never seen these tokens used for betting. Crypto widely used for betting is btc and top alt coins like Ethereum etc.
1st of all Bro, you must check Socios.com, because +-30 Fan Tokens, like City, AC Milan, Barcelona, Inter etc are created by their team in cooperate with the clubs of course, because having these tokens you can vote on the club's affairs as well as have other benefits such as VIP entries.
The sponsor of Inter or Valencia is their token from Socios in shirts. Only two months ago, Binance created its own tokens, Porto and Lazio, but those created by Socios are even over two years old.
newbie
Activity: 27
Merit: 0
November 21, 2021, 10:08:50 AM
#73
Of course, it's nice when tokens can be used not only as a collector but also for other purposes, but for me, the content plays a huge role.
Yes, I also want the token to be as beautiful and unusual as possible. I really haven't seen something worthwhile for a long time that could excite my mind!
Do you want something to stir your mind? There is one exciting project. https://bitcointalksearch.org/topic/ann-fapp-minting-starts-on-november-23-nft-nsfw-links-inside-warning-5370296 This is incredible! I think you will like it very much!
full member
Activity: 1204
Merit: 110
November 21, 2021, 07:34:52 AM
#72
Recently i have seen many football fan tokens like AC Milan Fan Token (ACM) and Manchester City Fan Token (CITY). Also FC Porto Fan Token (PORTO) will list soon on binance.

Do these tokens have any use cases or they are just made to collect money from their fans ? Would they be used in gambling ?

Are these AC Milan and Man City tokens issued by the club or they are issued by some random guy? We saw Squid Games token coming up few days back that have no link with squid games production house. Can someone clarify about these football fan tokens?
Being in gambling sector, I have never seen these tokens used for betting. Crypto widely used for betting is btc and top alt coins like Ethereum etc.
newbie
Activity: 49
Merit: 0
November 21, 2021, 01:06:09 AM
#71
Of course, it's nice when tokens can be used not only as a collector but also for other purposes, but for me, the content plays a huge role.
Yes, I also want the token to be as beautiful and unusual as possible. I really haven't seen something worthwhile for a long time that could excite my mind!
newbie
Activity: 27
Merit: 0
November 20, 2021, 10:40:31 AM
#70
Of course, it's nice when tokens can be used not only as a collector but also for other purposes, but for me, the content plays a huge role.
newbie
Activity: 49
Merit: 0
November 20, 2021, 02:02:06 AM
#69
And, personally, I'm not too fond of that football clubs so brazenly pulling money from their fans. After all, the graphics here are often not as good as I would like.
legendary
Activity: 2520
Merit: 1218
November 19, 2021, 10:45:01 AM
#68
most of these fan tokens are even launched on the Binance launchpad. It surely means they've certain usefulness for Binance to have agreed on a deal to list them, even though I don't seem to understand their usefulness beyond the ordinary.

I think Binance used these tokens to attract football audience to cryptocurrency. These tokens are just another promotional instrument for them. If ice hockey would be as much popular as football, Binance would have listed hockey tokens instead.

You are completely right about saying that "football fan tokens are similar to meme coins". They are also created "juts for fun" and does not have a real use case. If having a lot of tokens would have granted any kind of bonuses; like meeting football players, visiting their training and etc; that would be great.
newbie
Activity: 18
Merit: 0
November 19, 2021, 04:42:16 AM
#67
As a football fan, I am very happy that more and more tokens are coming out. It seems to me that this is an incredibly cool solution, and it doesn't matter if they can be used elsewhere or not.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
November 18, 2021, 08:56:50 AM
#66
Recently i have seen many football fan tokens like AC Milan Fan Token (ACM) and Manchester City Fan Token (CITY). Also FC Porto Fan Token (PORTO) will list soon on binance.

Do these tokens have any use cases or they are just made to collect money from their fans ? Would they be used in gambling ?
There's also LAZIO. Come to think of it, most of these fan tokens are even launched on the Binance launchpad. It surely means they've certain usefulness for Binance to have agreed on a deal to list them, even though I don't seem to understand their usefulness beyond the ordinary. I see them as mere memetokens without any usefulness beyond their communities. I may be wrong on that, though. With the great ROI most of them have recorded, I'm certain more clubs will want to join in the frenzy. I watched that of Lazio closely. It was sold at $1 for one Lazio token at launch only for it to skyrocket to $26 within a few hours after it got listed. That's some crazy ROI.

Quote
FC Porto Fan Token (PORTO) will list soon on binance.
BTW, PORTO is now also listed on Coingecko and currently trading around $5.
hero member
Activity: 3136
Merit: 591
Leading Crypto Sports Betting & Casino Platform
November 18, 2021, 08:20:11 AM
#65
That's a sample of it but there's more about those fan tokens that are specific for those teams that fans like. For that example, it's only listed on two exchanges.
This is the thing that others are looking for if they should be listed onto a casino, we don't know how these tokens will get there as long as they're being liked and really has a big community.
it looks like the token will be used as one of the profitable assets and maybe used to raise money from their fans by using it as a transaction tool like accessories seller and others....
Yeah, that's more likely as it is. Selling the accessories coming from the team can be profitable to them and would help the team itself to raise funds that they need for some other things.

whereas for gambling it will be possible when it's worth even between individual fans
Probably for P2P gambling, that's all that these football fan tokens are going to be used if there's no casino that accepts them.
legendary
Activity: 1652
Merit: 1208
Gamble responsibly
November 18, 2021, 02:04:09 AM
#64
Do these tokens have any use cases or they are just made to collect money from their fans ? Would they be used in gambling ?
For people holding such token, the people will be able to participate in some of what is going on in the club, like voting and many like that.

The question on my mind on this clubs tokens is are the token listed on any exchange or can the rewarded token get converted to local currencies such as USTD on their platform?
Yes, it can be converted to USDT, they even have more liquidity and trading pairs. Immediately after such tokens are launched, USDT pair is created for them, but I know about binance.
full member
Activity: 1134
Merit: 167
November 17, 2021, 11:04:25 PM
#63
I don't think the fan club token will have any actual use in the gambling industry.!!
Yeah, I haven't seen one too. It depends on the casinos if they'll like to accept fan tokens. If they see that there's a huge userbase for a fan token, they might accept it. They're just relying on the demand for such tokens.
And if a fan token is seen to be in high demand and there's a lot of fans that are into it, they're for sure going to add it as long as they can capitalize and benefit from adding it.

Correct if that token have value and also been listed on top exchange then provably the casinos will accept that but if no demand or whatsoever which can give it any value then its not good to add since its not rewarding to anyone who holds it.

The football token I know so far is this https://coinmarketcap.com/currencies/footballcoin/.
That's a sample of it but there's more about those fan tokens that are specific for those teams that fans like. For that example, it's only listed on two exchanges.
This is the thing that others are looking for if they should be listed onto a casino, we don't know how these tokens will get there as long as they're being liked and really has a big community.
it looks like the token will be used as one of the profitable assets and maybe used to raise money from their fans by using it as a transaction tool like accessories seller and others.... whereas for gambling it will be possible when it's worth even between individual fans
hero member
Activity: 3136
Merit: 591
Leading Crypto Sports Betting & Casino Platform
November 17, 2021, 03:47:45 PM
#62
I don't think the fan club token will have any actual use in the gambling industry.!!
Yeah, I haven't seen one too. It depends on the casinos if they'll like to accept fan tokens. If they see that there's a huge userbase for a fan token, they might accept it. They're just relying on the demand for such tokens.
And if a fan token is seen to be in high demand and there's a lot of fans that are into it, they're for sure going to add it as long as they can capitalize and benefit from adding it.

Correct if that token have value and also been listed on top exchange then provably the casinos will accept that but if no demand or whatsoever which can give it any value then its not good to add since its not rewarding to anyone who holds it.

The football token I know so far is this https://coinmarketcap.com/currencies/footballcoin/.
That's a sample of it but there's more about those fan tokens that are specific for those teams that fans like. For that example, it's only listed on two exchanges.
This is the thing that others are looking for if they should be listed onto a casino, we don't know how these tokens will get there as long as they're being liked and really has a big community.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
November 17, 2021, 01:15:47 AM
#61
Do these tokens have any use cases or they are just made to collect money from their fans ?
I thought that this article will help you to understand what was main purpose of fantoken. The fan token idea created by chiliz and this exchange site is also actively offering more and more partnership with various popular club to issue their own fan tokens to help the club to engage with the its online community.
https://www.chiliz.com/en/what-is-a-fan-token-and-how-do-they-work/

Would they be used in gambling ?
It would be possible to be used in gambling since it was only asset that can be used in dapps but the main purpose of fan token to help the club to be even closer with its fan. Any token has different ability. I think that used this to be able to buy merchandise or ticket would be very beneficial from the club instead of bringing it into the gambling platform. Fan token that issued by football club act as a governance token for the club and any hodlers will have ability to participate in the vote for the future plan by the team. This may the main use case from this token.
hero member
Activity: 2870
Merit: 574
Vave.com - Crypto Casino
November 16, 2021, 09:54:41 PM
#60
To be honest the football fan tokens doesn't have any use cases, they're created from single project. A share and reward are just marketing strategy, similar as staking on ERC-20 token. But the project has been regulated and partnered with LaLiga, which is make they're legit.

We already see what Freebitco.in did with their token called FUN and that token is listed on many exchanges so maybe that is the way the casino will use the football token for their site.
No FUN isn't Freebitco.in own token, they're only cooperate and Freebitco.in buy out the FUN token. Possibly since this football fan tokens are hyped and have a lot volume.
Oh, my mistake, I am sorry for that. I mean, Freebitco.in has a token called FUN that integrates with their site and gives us a chance to stake the FUN token to increase the amount.
Maybe sooner or later, when the big team releases their football fan tokens or the other sports also release their fan tokens, that will be the time for the fans sports tokens to grow.
We can see the football fan tokens are in Binance to trade it for a while but hopefully, the token will be available on the casino for placing the bet.
legendary
Activity: 2758
Merit: 1228
November 16, 2021, 05:25:06 PM
#59
I don't think the fan club token will have any actual use in the gambling industry.!!
Yeah, I haven't seen one too. It depends on the casinos if they'll like to accept fan tokens. If they see that there's a huge userbase for a fan token, they might accept it. They're just relying on the demand for such tokens.
And if a fan token is seen to be in high demand and there's a lot of fans that are into it, they're for sure going to add it as long as they can capitalize and benefit from adding it.

Correct if that token have value and also been listed on top exchange then provably the casinos will accept that but if no demand or whatsoever which can give it any value then its not good to add since its not rewarding to anyone who holds it.

The football token I know so far is this https://coinmarketcap.com/currencies/footballcoin/.
hero member
Activity: 3136
Merit: 591
Leading Crypto Sports Betting & Casino Platform
November 16, 2021, 05:17:55 PM
#58
I don't think the fan club token will have any actual use in the gambling industry.!!
Yeah, I haven't seen one too. It depends on the casinos if they'll like to accept fan tokens. If they see that there's a huge userbase for a fan token, they might accept it. They're just relying on the demand for such tokens.
And if a fan token is seen to be in high demand and there's a lot of fans that are into it, they're for sure going to add it as long as they can capitalize and benefit from adding it.
hero member
Activity: 1008
Merit: 531
November 16, 2021, 04:58:57 PM
#57
Recently i have seen many football fan tokens like AC Milan Fan Token (ACM) and Manchester City Fan Token (CITY). Also FC Porto Fan Token (PORTO) will list soon on binance.

Do these tokens have any use cases or they are just made to collect money from their fans ? Would they be used in gambling ?

These tokens themselves don't do much as of right now.

But in the future, there is a real chance that with the establishment of the metaverse that these tokens do play a critical role in establishing a gaming market.

I think that DraftKings and other fantasy gaming companies are already looking into this prospect, which is great.
hero member
Activity: 2030
Merit: 578
No God or Kings, only BITCOIN.
November 16, 2021, 04:53:08 PM
#56
Recently i have seen many football fan tokens like AC Milan Fan Token (ACM) and Manchester City Fan Token (CITY). Also FC Porto Fan Token (PORTO) will list soon on binance.

Do these tokens have any use cases or they are just made to collect money from their fans ? Would they be used in gambling ?
I guess it's more on the personal experiences as far as I know (correct me if I'm wrong) like voting on where the team will meet the fans, connect with other fans worldwide, etc. I don't think it's something to be used for gambling but maybe the platform socios.com (most of it are issued by them) that issued it will do in the future. Who knows?
hero member
Activity: 812
Merit: 509
November 16, 2021, 04:52:32 PM
#55
I think that it could be possible that these tokens will be used for fantasy leagues etc.

But I still think that overwhelmingly this is just a money grab for the founders. The perks that you get from holding this token definitely does not justify its current valuation.

I'd stay away from these things until they have proven that they are more than just a fad tbh.
legendary
Activity: 3122
Merit: 1140
November 16, 2021, 04:42:51 PM
#54
-snip-

Do these tokens have any use cases or they are just made to collect money from their fans ? Would they be used in gambling ?
In my opinion, this token is only made to get funds for the club, it has no use or if it ends up having a use value, it is only used to buy tickets when the club competes or buy merchandise from the club.
However, it is possible that the Club that launched the fan token will develop other features that will make their token grow and attract many fans interest to have it.
Has no use indeed because if we do look on general perspective then it is just simply a token for a fan to buy on without expecting any investment type kind of opportunity if ever they do make some purchases or tending to invest on it and its better to be wise and not to blind yourself on investing big
but if you are really a fan then showing up some support wont really be that bad but when you do comes to a point on where investing that big
because you are expecting something in return then you shouldnt really fool yourself.
legendary
Activity: 2520
Merit: 1496
November 16, 2021, 07:49:11 AM
#53
Would be great if someone can find any statistics that shows are football fans really familiar with crypto and football fan tokens, or these tokens are just speculative assets. Right now I put equal sign between football fan tokens and meme coins. They both are useless and dont do anything. There is no use having more than 1 token. Same as having just 1, favorite players, t-shirt. Maybe two t-shirt and a scarf would be a full set for supporter. But having 238470239874 tokens (just a random number) is stupid. The idea of "the more tokens you have, the bigger fan you are" does not work here.
legendary
Activity: 1610
Merit: 1131
November 16, 2021, 07:48:27 AM
#52
I don't think the fan club token will have any actual use in the gambling industry.!!
I've never seen the fan tokens in use in casinos, but I think they might actually cause more problems than they're worth.The specific goal of gambling is to try and at least break even or come out ahead, so if the value of your club token is equal to $1.00, you would have lost $1.00 at best and broken even worse than that.!!! Honestly, I don't really think the fan tokens will have much of an impact on the gambling market.
sr. member
Activity: 1372
Merit: 275
November 16, 2021, 05:20:56 AM
#51
Nowadays many big football clubs in the world are starting to create Fan tokens to increase revenue for the club, besides that fan tokens are also created to make it easier for fans to access fan-related membership facilities such as voting on club decisions, prizes, merchandise designs and etc. but what we need to know, fan tokens don't have to be backed by the value principle underlying Bitcoin or Ethereum, so fans receive their value from how much fans value to be able to participate in the club and benefit from the club later.


so the value of this token depends on how strong the club is, and how many followers they have. so if you want to get a hold of this type of token, maybe, choose a football club that have strong social media presence as well as large number of supporters. and if you are a solid fan for that particular club, i believe you can optimise the use of this token by participating on their events or acquiring items related to the club.
the token itself is not backed by any known alt, but the value is determined on how strong the demand of the token is in the market.
What I know is that the price of club tokens is not too affected by other cryptos such as btc or ethereum, but what is certain is that the price of a club token is very dependent on every rumor or what happens to the club, and the proof we can see when Lionel Messi was rumored to PSG, at that PSG token price rising slowly and when lionel messi officially became a PSG player, the price of the PSG token broke the record for the most expensive price of all time and even now the PSG token has the first rank as a fan token compared to other club token fans.
full member
Activity: 1834
Merit: 166
November 16, 2021, 01:30:32 AM
#50
I highly doubt it would be a mainstream coin to be used in gambling, it would only probably become a local currency for the fanclub of that certain team to be used by their fans. E.g. fans would receive x amount of tokens for whatever stuff they did, it'd probably be an automated system where fans are automatically given tokens based on what they do for the team, and the tokens can then be used to buy stuff such as jerseys, signatures, etc, that were developed with the theme being the team they support.
I agree with you completely, the fan tokens seem to me as just a reward system to most loyal fans as a way of recognising them and granting them access to certain privileges that most persons without a fan token cannot get, that is privileges depending on the amount of fan tokens that they have accumulated. Such tokens will encourage fans to be more engaged with a team they already love. Maybe with time, they may have extensive uses, but for now, i think that's the ideology behind it.
These tokens are like having VIP pass to the club which distinguish you as esteem fan of or loyal member of the club but you have to pay the cost for it and like you said no outside scope is available as there use is club restrained but it's already mentioned so whoever buy these tokens from binance wants to have extra benefits of the club.We will see many more coming up with this tokens.
legendary
Activity: 2814
Merit: 1112
Leading Crypto Sports Betting & Casino Platform
November 15, 2021, 11:37:57 PM
#49
-snip-

Do these tokens have any use cases or they are just made to collect money from their fans ? Would they be used in gambling ?
In my opinion, this token is only made to get funds for the club, it has no use or if it ends up having a use value, it is only used to buy tickets when the club competes or buy merchandise from the club.
However, it is possible that the Club that launched the fan token will develop other features that will make their token grow and attract many fans interest to have it.
legendary
Activity: 1862
Merit: 1209
November 15, 2021, 11:36:46 PM
#48
To be honest the football fan tokens doesn't have any use cases, they're created from single project. A share and reward are just marketing strategy, similar as staking on ERC-20 token. But the project has been regulated and partnered with LaLiga, which is make they're legit.

We already see what Freebitco.in did with their token called FUN and that token is listed on many exchanges so maybe that is the way the casino will use the football token for their site.
No FUN isn't Freebitco.in own token, they're only cooperate and Freebitco.in buy out the FUN token. Possibly since this football fan tokens are hyped and have a lot volume.

hero member
Activity: 2870
Merit: 574
Vave.com - Crypto Casino
November 15, 2021, 10:37:28 PM
#47
People can use the token to gamble but that depends on the casino because if they want to use that token, they will announce it on their site.
We already see what Freebitco.in did with their token called FUN and that token is listed on many exchanges so maybe that is the way the casino will use the football token for their site.
Suppose people used the token to buy merchandise on the football team's official website and get a special discount to buy stuff.
In that case, that will be good to grow the business as their fan will buy the token or just hold the token because the token will have a chance to increase in the future.
If the football tokens can be used like that, I think it could attract more fans to use the token and boost the popularity of the token itself.
sr. member
Activity: 2296
Merit: 360
November 15, 2021, 06:56:10 PM
#46
I  know that FC Porto token would be launched few hours from now and the price is gonna be massive cause many fan supporters, team, and players are patiently waiting for when it will be launched. I think all this fan token has uses which means it's going to be use to pay fans, players at least at some percentage.
Depends on the fan token but they're not really for paying fans but it's a way to have fans buy everything that's related to the team that they're supporting.
They can use it within their platforms and means so that they can strengthen their relationship with their fans. And at the same time, they can profit from their fan tokens because they own it.
As long fans could able to experience or get some service which out of those tokens and not just some money grab scheme just because they support them? I dont see for most fans to be that dumb
on having no impressions specially that they are buying something which it should really be having some real use case of benefit aside on getting profits from increasing price
but if they would give out some disclaimer that this is some sort of donation or something like that then i doubt that this one would be successful.
sr. member
Activity: 958
Merit: 265
November 15, 2021, 06:20:06 PM
#45
IIRC the Barcelona fan token has gone down a hella lot when the Messi has been transferred to PSG and obviously the PSG fan token or whatever it was called price has jumped upwards. I don't see any reason why these tokens even exist except playing the role of coin used for pump&dump schemes.

Fans maybe happy but i do see sportsbook website will have to adjust their odds on the team PSG after Messi is added and for the team from which Messi was removed.

I don't know why they did that any particular reason behind Messi's transfer?
legendary
Activity: 1554
Merit: 1139
November 15, 2021, 04:27:27 PM
#44
Two of the above mentioned tokens are already listed and trading on binance exchange. One token "FC Porto Fan Token (PORTO)" will be launched through binance launch pad. These clubs have big funds and listing on the biggest exchange is not a problem for them.
As much as that would be that, there should be more used cases as per buying of tickets at the stadium not excluding having executive spaces at the stadium at right and to encourage not just more used cases but also, the revolution of cryptocurrencies and how things could be a lot easier should cryptos be encouraged. It's It's a welcomed development for sure. I even got to note the PSG token at some point though, have never acquired any just yet but, most of these coins are already listed and are doing great inbthe market already. I guess I'll be looking into the idea of getting one. Like the PSG token, it experienced a pump during the Linoel Messi transfer, that's a constraint identified on what could playboys I transfer seasons for there form of tokens.
hero member
Activity: 3066
Merit: 629
20BET - Premium Casino & Sportsbook
November 15, 2021, 04:21:44 PM
#43
I  know that FC Porto token would be launched few hours from now and the price is gonna be massive cause many fan supporters, team, and players are patiently waiting for when it will be launched. I think all this fan token has uses which means it's going to be use to pay fans, players at least at some percentage.
Depends on the fan token but they're not really for paying fans but it's a way to have fans buy everything that's related to the team that they're supporting.
They can use it within their platforms and means so that they can strengthen their relationship with their fans. And at the same time, they can profit from their fan tokens because they own it.
sr. member
Activity: 966
Merit: 421
Bitcoindata.science
November 15, 2021, 04:00:41 PM
#42
Recently i have seen many football fan tokens like AC Milan Fan Token (ACM) and Manchester City Fan Token (CITY). Also FC Porto Fan Token (PORTO) will list soon on binance.

Do these tokens have any use cases or they are just made to collect money from their fans ? Would they be used in gambling ?
If a token is listed on an exchange it's a clear indication it has a useage and not just an avenue to collect money from their fans it's serves similar purpose just like every other cryptocurrency that has value

Every good token is been developed for a purpose and it's value starts appreciating once it's listed on a good exchange and this also is the case of this fan tokens generated by football club to support their fans and also get supported too in return.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
November 15, 2021, 03:50:09 PM
#41
I think these are two different cases between football club fan tokens and gambling. It has absolutely nothing to do with it. Football fan-based tokens only focus on token project development and sale on the market and are not interfered with by any gambling. Unless certain communities hold soccer gambling when the club competes then outsiders make bets.
The only way for those tokens to eventually be used in a casino would be for the club to create their own casino and accept those tokens, however I do not think any club will want to get into that kind of business as many fans will see it as taking advantage of those which are die hard fans.

So with that being said those tokens could have some use as long as the club gives you access to some offers that are exclusive to the token holders, otherwise I do not see the reason to exchange money that you can use anywhere you want for tokens you can only use at a single store.
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
November 15, 2021, 02:02:32 PM
#40
Fan tokens are a form of cryptocurrency that gives holders access to a variety of fan-related membership perks like voting on club decisions, rewards, merchandise designs and unique experiences.

Read full details here: https://coinmarketcap.com/alexandria/article/what-are-fan-tokens


In conclusion, This coin main use is for supporting the team and not for an investment purposes. Same as buying merch online instead of using fiat, They introduced fan token to reduce transaction fee and also to introduce all the benefits for being a team fan on a single token.
Nowadays many big football clubs in the world are starting to create Fan tokens to increase revenue for the club, besides that fan tokens are also created to make it easier for fans to access fan-related membership facilities such as voting on club decisions, prizes, merchandise designs and etc. but what we need to know, fan tokens don't have to be backed by the value principle underlying Bitcoin or Ethereum, so fans receive their value from how much fans value to be able to participate in the club and benefit from the club later.


so the value of this token depends on how strong the club is, and how many followers they have. so if you want to get a hold of this type of token, maybe, choose a football club that have strong social media presence as well as large number of supporters. and if you are a solid fan for that particular club, i believe you can optimise the use of this token by participating on their events or acquiring items related to the club.
the token itself is not backed by any known alt, but the value is determined on how strong the demand of the token is in the market.
member
Activity: 812
Merit: 13
Crypto bookmaker and casino
November 15, 2021, 01:44:20 PM
#39
I  know that FC Porto token would be launched few hours from now and the price is gonna be massive cause many fan supporters, team, and players are patiently waiting for when it will be launched. I think all this fan token has uses which means it's going to be use to pay fans, players at least at some percentage.
sr. member
Activity: 1372
Merit: 275
November 15, 2021, 05:07:05 AM
#38
Fan tokens are a form of cryptocurrency that gives holders access to a variety of fan-related membership perks like voting on club decisions, rewards, merchandise designs and unique experiences.

Read full details here: https://coinmarketcap.com/alexandria/article/what-are-fan-tokens


In conclusion, This coin main use is for supporting the team and not for an investment purposes. Same as buying merch online instead of using fiat, They introduced fan token to reduce transaction fee and also to introduce all the benefits for being a team fan on a single token.
Nowadays many big football clubs in the world are starting to create Fan tokens to increase revenue for the club, besides that fan tokens are also created to make it easier for fans to access fan-related membership facilities such as voting on club decisions, prizes, merchandise designs and etc. but what we need to know, fan tokens don't have to be backed by the value principle underlying Bitcoin or Ethereum, so fans receive their value from how much fans value to be able to participate in the club and benefit from the club later.
hero member
Activity: 2758
Merit: 705
Dimon69
November 15, 2021, 04:08:19 AM
#37
Fan tokens are a form of cryptocurrency that gives holders access to a variety of fan-related membership perks like voting on club decisions, rewards, merchandise designs and unique experiences.

Read full details here: https://coinmarketcap.com/alexandria/article/what-are-fan-tokens


In conclusion, This coin main use is for supporting the team and not for an investment purposes. Same as buying merch online instead of using fiat, They introduced fan token to reduce transaction fee and also to introduce all the benefits for being a team fan on a single token.
hero member
Activity: 1554
Merit: 814
The Alliance Of Bitcointalk Translators - ENG>POR
November 15, 2021, 03:58:26 AM
#36
And it will be enough, there are too many soccer fans out there... so these tokens can become popular in the future!
Yes @iv4n, I have no doubt about it!
I believe that in the future these tokens can be very successful and useful!!

I even imagine that other sports will also be able to adopt this type of technology, such as basketball, football and other relevant sports!!

legendary
Activity: 3346
Merit: 1191
November 15, 2021, 03:11:17 AM
#35
But generally speaking, I also believe with what @Woodie said above. Chances are these tokens are some kind of loyalty point for fans to use on their team, gifts, discounts at team stores, discounts on game tickets and so on.

And it will be enough, there are too many soccer fans out there... so these tokens can become popular in the future!
hero member
Activity: 1554
Merit: 814
The Alliance Of Bitcointalk Translators - ENG>POR
November 15, 2021, 02:32:51 AM
#34
Recently i have seen many football fan tokens like AC Milan Fan Token (ACM) and Manchester City Fan Token (CITY). Also FC Porto Fan Token (PORTO) will list soon on binance.

Do these tokens have any use cases or they are just made to collect money from their fans ? Would they be used in gambling ?
This is a type of ""technology"" that clubs are implementing, they have realized the great potential that tokens and cryptoactives have and are implementing in their teams (of course not everyone is doing this)

But generally speaking, I also believe with what @Woodie said above. Chances are these tokens are some kind of loyalty point for fans to use on their team, gifts, discounts at team stores, discounts on game tickets and so on.

hero member
Activity: 3192
Merit: 939
November 15, 2021, 01:49:19 AM
#33
I remember that I was surfing Telegram groups and I have found a group about the Juventus fan token.
That was the first time I have ever heard about fan tokens.I immediately thought that this is a scam.
Are those tokens really connected to the football clubs?Maybe the token developers are just trying to squeeze out money from die hard football fans by creating some fake fan tokens.
I don't get the point of the fan token business model.The fans might get some perks like merch or tickets,but can't they just buy discounted merchandise and tickets by using fiat money?
Tokens aren't really needed in this process.
I'm 100% sure that the fan tokens would never be used for gambling/sports betting.
member
Activity: 840
Merit: 23
November 15, 2021, 01:02:15 AM
#32
The question on my mind on this clubs tokens is are the token listed on any exchange or can the rewarded token get converted to local currencies such as USTD on their platform?
Many of those tokens are listed on top exchanges and they all have good values just like Manchester city fan token which is listed on binance and many other fan token with very high value. They could be a nice investment option if one chooses to add them to their portfolio. Although not all has this high value some are still in their early / development stage. But many are still tradable
legendary
Activity: 1064
Merit: 1228
Playgram - The Telegram Casino
November 14, 2021, 10:05:36 PM
#31
Do these tokens have any use cases or they are just made to collect money from their fans ?
There are several thing that Fan Token creators [https://www.socios.com/] describe in detail about Fan Token use cases. As far as I know, the token are tradable and some of them are still in the sale and development stage. The token also serves as a digital ticket to the beloved team to do some things.

Would they be used in gambling ?
Maybe it can be used as a mean of payment on some gaming platforms, but for gambling I don't know.
The average crypto-based sports betting site will continue to use major cryptocurrencies such as bitcoin, ethereum, USDT and several others as a mean of payment.
legendary
Activity: 3136
Merit: 1172
Leading Crypto Sports Betting & Casino Platform
November 14, 2021, 09:28:38 PM
#30
Recently i have seen many football fan tokens like AC Milan Fan Token (ACM) and Manchester City Fan Token (CITY). Also FC Porto Fan Token (PORTO) will list soon on binance.

Do these tokens have any use cases or they are just made to collect money from their fans ? Would they be used in gambling ?

Checking these tokens in the market CITY is the highest rank football token in the market I am not a big fan of football I have no plan of investing here, these football tokens popularity owed it to football fans because these are diehard football fans, if I may recall the first football base coin or token is XFC I participated in their signature campaign, but now it's not in the top rank in the market, price and volume are going down also, there's a possibility that these football-based token could suffer the same fate.

Yes, the same i feel about these token. These days it is a hype as every club is coming out with its own token but soon these tokens will lose the value. There should be some mechanism like on every win, the club will buy back tokens etc else i don't see any reason for these token to remain popular.
legendary
Activity: 2352
Merit: 1121
☢️ alegotardo™️
November 14, 2021, 07:20:11 PM
#29
Recently i have seen many football fan tokens like AC Milan Fan Token (ACM) and Manchester City Fan Token (CITY). Also FC Porto Fan Token (PORTO) will list soon on binance.

Do these tokens have any use cases or they are just made to collect money from their fans ? Would they be used in gambling ?

I'm pretty sure that the main purpose of these tokens is marketing, many clubs are wanting to "surf the wave" of cryptocurrencies somehow and release their cryptocurrencies just to demonstrate some relevance in this niche.

Second, it could be for cash as well, and soon we should see these tokens being used as a bargaining chip in some club partner casinos as well.
legendary
Activity: 3234
Merit: 1214
DGbet.fun - Crypto Sportsbook
November 14, 2021, 06:59:25 PM
#28
It is clear, these tokens doesn't have any real purpose or use case in my view. It is something like a hype/attraction. Just think of the football sporting fans around the world. It is a big number, these tokens market is big and more football fans will invest buying their favourite's tokens. This way market making is a simple task for them. There is no real purpose and slowly gets used on gambling needs which too is very minimal.
sr. member
Activity: 2604
Merit: 338
Vave.com - Crypto Casino
November 14, 2021, 03:57:26 PM
#27
Recently i have seen many football fan tokens like AC Milan Fan Token (ACM) and Manchester City Fan Token (CITY). Also FC Porto Fan Token (PORTO) will list soon on binance.

Do these tokens have any use cases or they are just made to collect money from their fans ? Would they be used in gambling ?
Since its not been clarified on whats the use of these tokens then we do make out some presumption its wether just for fan collection or something like that or simply ripping off money out of their fans.

Real use case? I cant see anything difference out of these tokens but just purely basing off or minding off with the fans money. Tongue

Thats why for fans out there then you shouldnt really make yourself fall into this trap if you dont like to lose money.
hero member
Activity: 2856
Merit: 644
https://duelbits.com/
November 14, 2021, 03:04:22 PM
#26
Recently i have seen many football fan tokens like AC Milan Fan Token (ACM) and Manchester City Fan Token (CITY). Also FC Porto Fan Token (PORTO) will list soon on binance.

Do these tokens have any use cases or they are just made to collect money from their fans ? Would they be used in gambling ?

As far as i know you can also pay for certain services of the club with those official fan tokens, for example for merchandise or even for tickets and so on. If i remember correctly Lionel Messi also got a huge chunk of Paris Saint Germain Fan tokens as part of his signing back in August, which gave the whole fan token scene a huge boost.
I am also not really sure what the use-cases for those Fan tokens are besides an additional method of payment for certain services of the clubs. It just means you don't need a credit-card and therefore you don't need a bank to buy a ticket or other stuff.
So can FAN tokens only be used for sports services at certain clubs such as paying for tickets and purchasing other accessories or can only be done on FAN tokens as a form of community? Actually, I still don't really understand the sport token FAN in its actual function.

So far I haven't seen a gambling platform provide services on sports coins including the aforementioned FAN token, and I know FAN tokens from freebitco are used in gambling.
hero member
Activity: 2198
Merit: 607
Leading Crypto Sports Betting & Casino Platform
November 14, 2021, 01:19:06 PM
#25
I think these are two different cases between football club fan tokens and gambling. It has absolutely nothing to do with it. Football fan-based tokens only focus on token project development and sale on the market and are not interfered with by any gambling. Unless certain communities hold soccer gambling when the club competes then outsiders make bets.
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
November 14, 2021, 01:08:55 PM
#24
Snip~

if the fan token is like a squid token then there is no way they can hold a listing on binance which we know requires a very large fee. I'm a binance user and soon the fc porto launchpad will start, I'll try to participate
I don't know exactly how much fee needed to list a project on Binance but let's assume its 100K but with the name Binance they can make millions in a day or even in hours and rug pulls, Binance is not going to take any responsibility for this so never ever inces9on a project just because its getting launched in a reputed exchange.
hero member
Activity: 2156
Merit: 531
November 14, 2021, 12:52:17 PM
#23
I think fan token are not in focus for gambling but for shopping in some shops such as a merchandise with a club logo or for the club itself such as buying ticket or used for collaboration with other sponsors maybe  but over time it can also be used for gambling well in terms of token like that which can have a broad meaning for their use like currency in general anything can be applied because it involves money
hero member
Activity: 1890
Merit: 831
November 14, 2021, 12:25:55 PM
#22
Recently i have seen many football fan tokens like AC Milan Fan Token (ACM) and Manchester City Fan Token (CITY). Also FC Porto Fan Token (PORTO) will list soon on binance.

Do these tokens have any use cases or they are just made to collect money from their fans ? Would they be used in gambling ?

I remember the post being made before as well, these fan tokens are actually something that would help the fans to vote on certain decisions regarding the team. I do think it's gives you a little say regarding the whole team and how it would work as well, therefore I do think it's perfect for people who are dedicated to a team perse.

I do not think they would be used in gambling tho. It would be more like : designs that you might choose for their jersey, vote for other superficial things as well. For gambling I do think it's easier to use cryptocurrencies they provide you with more options hands down..also some people go so far as to compare these fan tokens with NFT's which might allow you to sell them as well.
sr. member
Activity: 1722
Merit: 269
November 14, 2021, 12:19:11 PM
#21
Recently i have seen many football fan tokens like AC Milan Fan Token (ACM) and Manchester City Fan Token (CITY). Also FC Porto Fan Token (PORTO) will list soon on binance.

Do these tokens have any use cases or they are just made to collect money from their fans ? Would they be used in gambling ?

As far as i know you can also pay for certain services of the club with those official fan tokens, for example for merchandise or even for tickets and so on. If i remember correctly Lionel Messi also got a huge chunk of Paris Saint Germain Fan tokens as part of his signing back in August, which gave the whole fan token scene a huge boost.
I am also not really sure what the use-cases for those Fan tokens are besides an additional method of payment for certain services of the clubs. It just means you don't need a credit-card and therefore you don't need a bank to buy a ticket or other stuff.
full member
Activity: 1050
Merit: 109
1xBit.. recovered their reputation
November 14, 2021, 11:34:20 AM
#20
First of all, Are these tokens are legit?

I never trust them because they have zero use case still trying to reap profits with the fame of the name they are targetting, recently squid coin went scam which stole millions of dollars from the people just because the fame of an web series.
I haven't really paid much attention to this fan token because I also think the same as you

but many people say they make a lot of money from this fan token launchpad

if the fan token is like a squid token then there is no way they can hold a listing on binance which we know requires a very large fee. I'm a binance user and soon the fc porto launchpad will start, I'll try to participate
sr. member
Activity: 1302
Merit: 250
November 14, 2021, 11:18:38 AM
#19
something like this might happen, the token can be used as a tool for betting in gambling but maybe it won't be like that because now there are a lot of tokens from football clubs and even from various prestigious leagues.
On the other hand, maybe it would be great if the token was verified directly by the club in question, such as the FC Forto Fan token and the one that was busy a while ago, namely the lazio token which has already been recognized and even if the fans hold the token this will be an exclusive advantage for them. because they will be given an advantage by interacting with their favorite club.
legendary
Activity: 2716
Merit: 1383
November 14, 2021, 11:09:29 AM
#18
Recently i have seen many football fan tokens like AC Milan Fan Token (ACM) and Manchester City Fan Token (CITY). Also FC Porto Fan Token (PORTO) will list soon on binance.

Do these tokens have any use cases or they are just made to collect money from their fans ? Would they be used in gambling ?
Assuming the tokens are created by the clubs themselves and not by scammers, after all we know that scammers will do anything in order to get your money, then it is obvious that these coins are a way to get some money from the fans, now if you do not get any exclusive benefit from them then do not buy them, but if you do and you are happy with the exclusive benefits you get then you can buy them with confidence knowing the club will not scam you, however those coins are never going to be accepted in any casino as they are closer to be a form of loyalty points than a real currency.
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
November 14, 2021, 09:54:45 AM
#17
First of all, Are these tokens are legit?

I never trust them because they have zero use case still trying to reap profits with the fame of the name they are targetting, recently squid coin went scam which stole millions of dollars from the people just because the fame of an web series.
full member
Activity: 1890
Merit: 101
November 14, 2021, 09:51:11 AM
#16
The question on my mind on this clubs tokens is are the token listed on any exchange or can the rewarded token get converted to local currencies such as USTD on their platform?

Two of the above mentioned tokens are already listed and trading on binance exchange. One token "FC Porto Fan Token (PORTO)" will be launched through binance launch pad. These clubs have big funds and listing on the biggest exchange is not a problem for them.

I also participated in the last PSG fans token launchpad and will also participate in the Porto fans token launchpad on binance. I see that football club fan tokens have great potential and certainly make it very easy for fans if they can actually be used to play gambling in future.
legendary
Activity: 2128
Merit: 1775
November 14, 2021, 09:34:33 AM
#15
Do these tokens have any use cases or they are just made to collect money from their fans ? Would they be used in gambling ?
I have seen the ACM (AC Milan Fan Token) coin among the three coins, (CITY) the higher priced one, for the market they listed look pretty good like: Binance, pionex, paribu etc.

My observation from the name is coin fan but can't be sure that the coin collects money from fans, I think it's like ACM, CITY, etc, can be used by sports betting fans as a means to pay for tickets, place bets on sports betting and so on especially gambling, make it easy for club/team fans, most likely, one day it can be used on famous gambling sites, especially gambling sites that offer sports betting options, it can be seen from the way they do listings on famous markets like Binance etc.
legendary
Activity: 2324
Merit: 1604
hmph..
November 14, 2021, 09:20:38 AM
#14
The use case of fan tokens for gambling is not because of the developer, but because of the owners of the gambling platform itself, if they see an opportunity to use fan tokens for the platform to attract more gamblers to join their platfor, so they will adapt that fans token. If you can see what happened to bitcoin and altcoins used by gambling platforms, then fan tokens have the same opportunity.
hero member
Activity: 2926
Merit: 567
November 14, 2021, 08:34:49 AM
#13
These kinds of tokens are limited to their purpose, they are football based tokens so they are limited and confined to that industry, I'm surprised that they have a lot of football-based tokens, football is the number one sport in the world, and these developers who are also a football enthusiast have a goal and a vision for their token and they are targetting the majority of the football enthusiast, only time can tell if they will succeed and get in the top 100.
legendary
Activity: 1498
Merit: 1116
Top-tier crypto casino and sportsbook
November 14, 2021, 07:42:35 AM
#12
I highly doubt it would be a mainstream coin to be used in gambling, it would only probably become a local currency for the fanclub of that certain team to be used by their fans. E.g. fans would receive x amount of tokens for whatever stuff they did, it'd probably be an automated system where fans are automatically given tokens based on what they do for the team, and the tokens can then be used to buy stuff such as jerseys, signatures, etc, that were developed with the theme being the team they support.
I agree with you completely, the fan tokens seem to me as just a reward system to most loyal fans as a way of recognising them and granting them access to certain privileges that most persons without a fan token cannot get, that is privileges depending on the amount of fan tokens that they have accumulated. Such tokens will encourage fans to be more engaged with a team they already love. Maybe with time, they may have extensive uses, but for now, i think that's the ideology behind it.
hero member
Activity: 3066
Merit: 629
20BET - Premium Casino & Sportsbook
November 14, 2021, 07:40:01 AM
#11
AFAIK, they can be bought through the fans club of that particular token for the merch. I can't remember about chiliz that can be used for purchasing merch of a certain team. They're not just tradable and for the world of fans for these teams, these tokens mean a lot.
We don't know how they're going to be worth it because we're not fan of any of those but to their fans, they really mean a lot.
legendary
Activity: 3416
Merit: 1225
Enjoy 500% bonus + 70 FS
November 14, 2021, 07:27:57 AM
#10
Yes they have a direct use case to the club (source). To be privileged as a holder must register for the centralized platform (requires KYC) they provide.

So far it has only been used as a speculative asset on central exchanges. You could say the token is not enough to attract users to get involved in the club. In gambling there really isn't that function and I'm sure they will prevent as much as possible fan tokens from being involved in the gambling platform for some reason. But still you can freely bet without any platform no matter what.

As long as there are purposes and they contributed to the growth and sustainability of one community or industry, then these tokens have value and will stay on as long as the community keeps supporting it in the market, but I doubt if it will reach the top 100, tokens that are on the top 100 are platform based that covers a lot of industry, the football community is a large community and they need to promote their token to these community to maximize their market presence.
hero member
Activity: 1778
Merit: 709
[Nope]No hype delivers more than hope
November 14, 2021, 07:11:14 AM
#9
Yes they have a direct use case to the club (source). To be privileged as a holder must register for the centralized platform (requires KYC) they provide.

So far it has only been used as a speculative asset on central exchanges. You could say the token is not enough to attract users to get involved in the club. In gambling there really isn't that function and I'm sure they will prevent as much as possible fan tokens from being involved in the gambling platform for some reason. But still you can freely bet without any platform no matter what.
hero member
Activity: 3024
Merit: 614
Leading Crypto Sports Betting & Casino Platform
November 14, 2021, 07:10:48 AM
#8
Recently i have seen many football fan tokens like AC Milan Fan Token (ACM) and Manchester City Fan Token (CITY). Also FC Porto Fan Token (PORTO) will list soon on binance.

Do these tokens have any use cases or they are just made to collect money from their fans ? Would they be used in gambling ?

Checking these tokens in the market CITY is the highest rank football token in the market I am not a big fan of football I have no plan of investing here, these football tokens popularity owed it to football fans because these are diehard football fans, if I may recall the first football base coin or token is XFC I participated in their signature campaign, but now it's not in the top rank in the market, price and volume are going down also, there's a possibility that these football-based token could suffer the same fate.
legendary
Activity: 1526
Merit: 1359
November 14, 2021, 07:09:28 AM
#7
Do these tokens have any use cases or they are just made to collect money from their fans ? Would they be used in gambling ?

Obviously, it depends on the token itself and the club distributing it. Recently, my local club Dinamo Zagreb organized an FTO (Fan Token Offering). Initially, an FTO event was organized to raise money from their fans, of course. But token holders have a number of benefits that are otherwise unavailable to other fans. Below is a quote from the Coingecko site and additional benefits are expected in the future.

Quote from: coingecko.com
The Dinamo Zagreb Fan Token allows DZG fans to have a tokenized share of influence on club decisions, purchased through the consumer facing platform, Socios.com, fans can engage in a wide variety of club decisions for example, choosing a goal celebration song or deciding which MMA fighters should face off and in doing so, earn rewards and money can't buy experiences. Experiences like... having the opportunity to meet and greet with players of their favourite club, receiving VIP treatment at their favourite stadium & much much more.
https://www.coingecko.com/en/coins/dinamo-zagreb-fan-token
hero member
Activity: 2702
Merit: 672
I don't request loans~
November 14, 2021, 06:50:13 AM
#6
I highly doubt it would be a mainstream coin to be used in gambling, it would only probably become a local currency for the fanclub of that certain team to be used by their fans. E.g. fans would receive x amount of tokens for whatever stuff they did, it'd probably be an automated system where fans are automatically given tokens based on what they do for the team, and the tokens can then be used to buy stuff such as jerseys, signatures, etc, that were developed with the theme being the team they support. Gambling is a big no no in there since the token has a specific purpose or can only be used for specific purposes.
legendary
Activity: 2688
Merit: 1192
November 14, 2021, 06:40:26 AM
#5
Recently i have seen many football fan tokens like AC Milan Fan Token (ACM) and Manchester City Fan Token (CITY). Also FC Porto Fan Token (PORTO) will list soon on binance.

Do these tokens have any use cases or they are just made to collect money from their fans ? Would they be used in gambling ?

They might have use cases, but they will almost all revolve around making money for the club at the beginning. There are a lot of football/soccer fans out there who see crypto in the news but have never been drawn into it yet, but if their club tells them their is a special currency connected to them - they might buy it blindly as a supporter. In future it's likely to have a lot of novelty uses, it could be used to give discounts in a club shop or being able to buy special tickets. There are many uses but all will be localized towards the club and stadium, however there is a mass appeal because many have fans from all over the world who always want to feel closer to the team.
hero member
Activity: 1834
Merit: 879
Rollbit.com ⚔️Crypto Futures
November 14, 2021, 06:28:07 AM
#4
I have actually seen the Juventus Fan coin on one of these sports gambling platforms should be 1xbit or something cant really recall awhich one nd thats it. I guess these coins should be marketed more so that more crypto casinos and sportbooks include them to their alternative ways of funding our accounts and give these coins some usefulness.


Do these tokens have any use cases or they are just made to collect money from their fans ? Would they be used in gambling ?
I think these are meant to be used as some kind of loyalty points which should allow fans to redeem some kind of  unique club merchandise and not the perceived collection of money.
hero member
Activity: 2856
Merit: 618
Leading Crypto Sports Betting & Casino Platform
November 14, 2021, 06:14:08 AM
#3
The question on my mind on this clubs tokens is are the token listed on any exchange or can the rewarded token get converted to local currencies such as USTD on their platform?

Two of the above mentioned tokens are already listed and trading on binance exchange. One token "FC Porto Fan Token (PORTO)" will be launched through binance launch pad. These clubs have big funds and listing on the biggest exchange is not a problem for them.
member
Activity: 518
Merit: 45
November 14, 2021, 05:40:44 AM
#2
The question on my mind on this clubs tokens is are the token listed on any exchange or can the rewarded token get converted to local currencies such as USTD on their platform?
hero member
Activity: 2856
Merit: 618
Leading Crypto Sports Betting & Casino Platform
November 14, 2021, 05:32:36 AM
#1
Recently i have seen many football fan tokens like AC Milan Fan Token (ACM) and Manchester City Fan Token (CITY). Also FC Porto Fan Token (PORTO) will list soon on binance.

Do these tokens have any use cases or they are just made to collect money from their fans ? Would they be used in gambling ?
Jump to: