Topic: What are your opinions about fan tokens? I'm thinking to invest in them (Read 355 times)
June 12, 2022, 12:25:34 PM
Fan tokens are a risky venture. You tie your coin to an entity's existence that very much can crash your coin if bad things happened to that entity. It sounds dumb and against the decentralized value of the cryptocurrency. I'm sure most people would think the same hence no strong drive to increase the price because no one wants to buy it. So you shouldn't invest in them unless you can ride the hype and get out or anticipate a pump in the future. Risky venture, see?
June 12, 2022, 09:24:03 AM
In the meantime, it might be a good idea to buy fan tokens that are traded on chiliz.net but not yet listed on major exchanges.
I thought about buying monaco last month. It was listed on the Paribu exchange and gained 10x in value.
$IFBK and $ALA are likely to be listed on the paribu stock exchange within 1 year. I think it will provide 3x value after listing.
I thought about buying monaco last month. It was listed on the Paribu exchange and gained 10x in value.
$IFBK and $ALA are likely to be listed on the paribu stock exchange within 1 year. I think it will provide 3x value after listing.
June 11, 2022, 06:47:15 PM
I have been following the fan tokens released by Socios for a long time. I hold some of them and trade some of them. They sometimes make drastic moves during the market stagnation or bear period. For example, there have been serious increases in some fan tokens recently.
If you don't mind mate, may I know what fan token recently that got increases in the market? and what exchange also can I see the Fan token listed in too? I'm just kind a bit curious about this coins. Does this Fan tokens is same as the meme coins in the market, just like Shiba Inu, Dogecoin, and Floki?
June 11, 2022, 06:22:51 PM
Advantages of Fan Tokens
It is always said that 99% of projects in the crypto world will be garbage in the long run. Since it bears the name of an official sports club, Fan tokens will remain in the non-trash 1%.
-Marker Maker usually uses USDT. It may outperform other tokens in bear markets.
-DeFi, NFT, MetaVerse, P2E, Move2Earn... There is hype in certain sectors in certain periods. "Fan Season" has not happened yet and such hype may be built in the future.
Disadvantages of Fan Tokens
-Most of the supplies are locked.
They haven't created a real usage area yet.
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PSG is like BTC in the fan token market. That's why I hold some $PSG.
I will hold my PSG tokens until the fan season. I'm aiming for at least 3x.
It is always said that 99% of projects in the crypto world will be garbage in the long run. Since it bears the name of an official sports club, Fan tokens will remain in the non-trash 1%.
-Marker Maker usually uses USDT. It may outperform other tokens in bear markets.
-DeFi, NFT, MetaVerse, P2E, Move2Earn... There is hype in certain sectors in certain periods. "Fan Season" has not happened yet and such hype may be built in the future.
Disadvantages of Fan Tokens
-Most of the supplies are locked.
They haven't created a real usage area yet.
---
PSG is like BTC in the fan token market. That's why I hold some $PSG.
I will hold my PSG tokens until the fan season. I'm aiming for at least 3x.
June 11, 2022, 03:33:17 PM
Fan tokens are just what they're called. They are for fans showing support to the club or team of their choices. The fan tokens even hardly experienced price crash except when the investors other than the fans take out their holdings.
June 11, 2022, 03:09:01 PM
Did anyone note that the fan tokens always recover fast against bitcoin?
Fan tokens like (Santos, Lazio, Porto, Alpine, ASR, ATM, ACM, JUV, BAR, OG)
I'm thinking to invest some money in Binance' fan tokens (Santos, Lazio, Porto, Alpine) because I see them are moving in a side way on the weekly time frame, and recently they have a high buying volume on the weekly chart.
Also they have a low market cap and low circulation supply, and also tokens utilities, besides that they are been backed by binance.
So what are your opinions guys about investing some money in them
Your money, You choice!Fan tokens like (Santos, Lazio, Porto, Alpine, ASR, ATM, ACM, JUV, BAR, OG)
I'm thinking to invest some money in Binance' fan tokens (Santos, Lazio, Porto, Alpine) because I see them are moving in a side way on the weekly time frame, and recently they have a high buying volume on the weekly chart.
Also they have a low market cap and low circulation supply, and also tokens utilities, besides that they are been backed by binance.
So what are your opinions guys about investing some money in them
Its up to you whether which coin you would be tending to invest on.We do have our own takings and decisions when it comes to our investment or portfolio.
If you do see that those fan coins are having some good volume and movement then go ahead.
As long you could able to benefit out or do make out some profits then that what surely counts and go ahead.Dont listen on others suggestion and recommendation.
June 11, 2022, 12:38:20 AM
I have been following the fan tokens released by Socios for a long time. I hold some of them and trade some of them. They sometimes make drastic moves during the market stagnation or bear period. For example, there have been serious increases in some fan tokens recently.
If you don't mind mate, may I know what fan token recently that got increases in the market? and what exchange also can I see the Fan token listed in too? I'm just kind a bit curious about this coins. Does this Fan tokens is same as the meme coins in the market, just like Shiba Inu, Dogecoin, and Floki?
June 10, 2022, 11:37:30 PM
Think again. Fan token was based on the hype. I will not be surprise if this sometime being pumped by the whale. Just try to remind you that if fan token can be dumped again tot he bottom. The pump was happening sometime but the dump was also inevitable. It seems when you are investing gambling with the fan token and this is the same like doing futures. Is not it better if you are picking a better coin rather than fan token with short term hype?
but if the op already knows the characteristics about the fan token, then I think he can invest wisely, even though it is prone to hype, as long as he can take advantage of the opportunity, I think he can make big money. with them understand the risk, it will be more comfortable to invest according to the portion. therefore for long-term investment, I think choosing bitcoin will be wiser, than new tokens 
June 10, 2022, 07:47:19 PM
Think again. Fan token was based on the hype. I will not be surprise if this sometime being pumped by the whale. Just try to remind you that if fan token can be dumped again tot he bottom. The pump was happening sometime but the dump was also inevitable. It seems when you are investing gambling with the fan token and this is the same like doing futures. Is not it better if you are picking a better coin rather than fan token with short term hype?
June 10, 2022, 07:37:55 PM
~snip~
So what are your opinions guys about investing some money in them?
^ I thought before fan token is the same as a meme token which does not have utility but I realized that a fan token is better than those meme coins.So what are your opinions guys about investing some money in them?
I think if you want to invest just put an amount that you can afford, I dont see anything wrong with fan token but when it comes to investment still there is a risk with it. So only invest what you can afford because this fan token is very high volatile that we dont know when it will pump and dump because as of now it has a community trend.
June 10, 2022, 07:20:05 PM
Did anyone note that the fan tokens always recover fast against bitcoin?
Fan tokens like (Santos, Lazio, Porto, Alpine, ASR, ATM, ACM, JUV, BAR, OG)
I'm thinking to invest some money in Binance' fan tokens (Santos, Lazio, Porto, Alpine) because I see them are moving in a side way on the weekly time frame, and recently they have a high buying volume on the weekly chart.
Also they have a low market cap and low circulation supply, and also tokens utilities, besides that they are been backed by binance.
So what are your opinions guys about investing some money in them?
If you think your research is good enough to trust these fan tokens, then go on. There's no harm in trying unless you start investing in just a moderate amount. But i also suggest that you should invest in them with caution as they can easily lost their demand once the crypto community realized that they are just those coins that bring profits temporarily and has no real value that can sustain a long term investment. Fan tokens like (Santos, Lazio, Porto, Alpine, ASR, ATM, ACM, JUV, BAR, OG)
I'm thinking to invest some money in Binance' fan tokens (Santos, Lazio, Porto, Alpine) because I see them are moving in a side way on the weekly time frame, and recently they have a high buying volume on the weekly chart.
Also they have a low market cap and low circulation supply, and also tokens utilities, besides that they are been backed by binance.
So what are your opinions guys about investing some money in them?
June 10, 2022, 06:56:37 PM
its basically the same as investing in altcoins like eth and bnb, difference might be it has significantly lower trading volume and market capitalization, from the views of volatility, it's the same, you could see its chart, it fluctuates like any other ordinary altcoins.
So I guess it's just the same as investing in any altcoins like eth and bnb, difference might be it could be influenced by the club decision and merchandise, but aside from that, it's just the same, so I guess more or less you gonna get the same results as investing in ordinary altcoins.
So I guess it's just the same as investing in any altcoins like eth and bnb, difference might be it could be influenced by the club decision and merchandise, but aside from that, it's just the same, so I guess more or less you gonna get the same results as investing in ordinary altcoins.
June 10, 2022, 06:55:35 PM
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I guess from the definition of it, the hype really plays major role in these tokens since it is almost about being a fan of football clubs. But really sorry in advance because I have jist been aware that I put a wrong link, but I have edited it.
Yes, briefly at that time, it's likely hype enough so that many developers created fan tokens. Now, the hype is ended.
As other hype projects, not all can survive, we can just see how they can survive during the bearish era and how they will reach again their ATH. Some may be still worthy, but some are shittokens.
June 10, 2022, 02:41:40 PM
Fans tokens are the real deal, they don't disappoint and they always maintain good value, even if a bear market is very tough fan tokens will be one of the few that will withstand any bear threat that may come in near future, though nothing beats buying at discount price and taking profits.
The reason for fan tokens to be going this strong is the fact that there are some projects that actually give something in return, have some sort of utility about it. For example, there are clubs that give people free tickets for unimportant games, usually seats that would be empty anyway, but for people who bought the fan token and holding a good amount of it.Like if you own 10k dollars worth of the token itself, you could watch the game for free, obviously the amount is too much but you pay nothing for the seat, you could literally sell it before the game starts, after you get in the game. That's why utility means a lot in crypto, it makes a project worth something.
June 09, 2022, 07:02:22 PM
Did anyone note that the fan tokens always recover fast against bitcoin?
Fan tokens like (Santos, Lazio, Porto, Alpine, ASR, ATM, ACM, JUV, BAR, OG)
I'm thinking to invest some money in Binance' fan tokens (Santos, Lazio, Porto, Alpine) because I see them are moving in a side way on the weekly time frame, and recently they have a high buying volume on the weekly chart.
Also they have a low market cap and low circulation supply, and also tokens utilities, besides that they are been backed by binance.
So what are your opinions guys about investing some money in them?
I honestly don't believe in the consistency of these fan tokens as they could burst out one day and definitely lose their value. Investing in them is more risky than those existing coins in the market and you could easily lose your money if these tokens turned out to be scams in the end. So always be cautious on your decisions. Although you can try to invest but invest first with a small amount as you are still testing how secure they are. Fan tokens like (Santos, Lazio, Porto, Alpine, ASR, ATM, ACM, JUV, BAR, OG)
I'm thinking to invest some money in Binance' fan tokens (Santos, Lazio, Porto, Alpine) because I see them are moving in a side way on the weekly time frame, and recently they have a high buying volume on the weekly chart.
Also they have a low market cap and low circulation supply, and also tokens utilities, besides that they are been backed by binance.
So what are your opinions guys about investing some money in them?
June 09, 2022, 06:33:01 PM
fan token could sometimes gain increase out of the blue like if there is any transfer in the club like the ones that happened with PSG, that was such a massive increase back then, but then again such event rarely happened.
I think the ones fan token that are good for holding are the ones that come from rather rich football club, because they are the center of attention.
other than that, they aren't really worth that much since at best they could only be used for merchandise and tickets I guess, and nothing more, maybe the club's NFT but that's it.
I think the ones fan token that are good for holding are the ones that come from rather rich football club, because they are the center of attention.
other than that, they aren't really worth that much since at best they could only be used for merchandise and tickets I guess, and nothing more, maybe the club's NFT but that's it.
June 09, 2022, 05:53:59 PM
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Hey, I really appreciate your time clearing it up for me. Google results for me were just all shilling random tokens, so I just never bothered looking it up further.
I guess from the definition of it, the hype really plays major role in these tokens since it is almost about being a fan of football clubs. I am not really a fan of football clubs, so I don't think I would be able to even look further for any of these tokens.
Thanks again for clearing it up for me.
June 09, 2022, 05:47:45 PM
Did anyone note that the fan tokens always recover fast against bitcoin?
Fan tokens like (Santos, Lazio, Porto, Alpine, ASR, ATM, ACM, JUV, BAR, OG)
I'm thinking to invest some money in Binance' fan tokens (Santos, Lazio, Porto, Alpine) because I see them are moving in a side way on the weekly time frame, and recently they have a high buying volume on the weekly chart.
Also they have a low market cap and low circulation supply, and also tokens utilities, besides that they are been backed by binance.
So what are your opinions guys about investing some money in them
Your money, You choice!Fan tokens like (Santos, Lazio, Porto, Alpine, ASR, ATM, ACM, JUV, BAR, OG)
I'm thinking to invest some money in Binance' fan tokens (Santos, Lazio, Porto, Alpine) because I see them are moving in a side way on the weekly time frame, and recently they have a high buying volume on the weekly chart.
Also they have a low market cap and low circulation supply, and also tokens utilities, besides that they are been backed by binance.
So what are your opinions guys about investing some money in them
Its up to you whether which coin you would be tending to invest on.We do have our own takings and decisions when it comes to our investment or portfolio.
If you do see that those fan coins are having some good volume and movement then go ahead.
As long you could able to benefit out or do make out some profits then that what surely counts and go ahead.Dont listen on others suggestion and recommendation.
June 09, 2022, 05:40:18 PM
What is even a "fan" token? It is the first time I heard those kinds of stuffs and I am not sure what do they even mean by those.
Here is what is meant by Fan Token:Quote
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.
Source: https://coinmarketcap.com/alexandria/article/what-are-fan-tokensYes, actually many Fan Tokens have been created, but not all can be worthy. So far, there are several popular fan tokens of big clubs of football that we know like: PSG, Lazio, Santos, CITY, Porto, and many others. It seems that many football clubs have fan tokens.
However, so far I know, not all fan token can grow up alongside the first purpose of the creation, and only a few that can be accepted in the market and has a high market cap.
I ever joined a launchpad of a fan token LAZIO in Binance, this really gives high profits once it was listed after the launchpad because the price as usual could jump very high. But in fact, the price couldn't survive and drop until right now, seems like no significant progress made by them.
It is also happened in almost all fan tokens. Briefly, this is likely like what you said, just a token created for hype
June 09, 2022, 04:26:47 PM
I'm not familiar with fan tokens, but I like the concept, because they actually have a real purpose to exist and an usage which guarantees benefits to holders, as they can participate in club's decisions, win prizes and discounts in products and services related to the club. It's like becoming a partner or share holder of the club you hold tokens.
On the other hand, I don't see advantages if you aren't a real fan, that is, if you are only looking for profit from the tokens' appreciation and won't enjoy advantages the respective club offers to you.
On the other hand, I don't see advantages if you aren't a real fan, that is, if you are only looking for profit from the tokens' appreciation and won't enjoy advantages the respective club offers to you.
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