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.
Some mentioned here that it has no utility at all, so I would say that it's like those meme tokens we already got today that is so super-saturated that we don't need more of those and more like we don't need meme tokens in crypto.
I wouldn't think of buying that token, sorry.
Topic: What are your opinions about fan tokens? I'm thinking to invest in them - page 2. (Read 388 times)
June 09, 2022, 02:53:02 PM
June 09, 2022, 01:04:35 PM
At first, I thought that these fan tokens are very worthy tokens with great utility so that the developer will make great development and at least will not let the price crash so much. But in fact, there is nothing to trust them all. I have invested in PSG and LAZIO, but I think that I made some mistakes on investing in them. But I am still holding the tokens because of no choice but to sell them for big losses. I still hope that the tokens can survive during this bear era and will have certain increasing development and price in the future. In fact, although they are fan tokens of big clubs, it doesn't guarantee that the adoption will be high and valuable enough.
So, I think that you should do more research on them before investing.
So, I think that you should do more research on them before investing.
Fan token is driven by hype so it isn't a surprise if the price crash once the hype died down. Thinking about the utility of the token, I think there it is only limited to the organization it is meant to support. This makes me think that this kind of token is created for the main purpose of money grab in the guise of some special offers.
June 09, 2022, 12:42:29 PM
I trust Socios and Binance fan tokens as it's a formal agreement with teams directly. Of course, it is not clear what will happen in terms of price. A very important transfer news can experience a serious rise. Sometimes, even if a team is champion, it does not increase.
June 09, 2022, 12:34:51 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.
Oh, so the tokens are named after a famous personality? That is why they are called fan/s token but it's surprising that those tokens do also have their own utility?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.
I thought, hypes are only the ones that can keep them alive but they are still low cap and someone said that coin/tokens that are low cap are risky to invest in but the only difference is they are backed by binance, meaning the chance for them to turn unto a scam is less or else binance reputation will get damaged and binance are the ones that will pay to the losses of the investors. This is the only assurance that you can get for you to invest on those coins. Go ahead but don't forget to still prioritize the classical coins.
June 08, 2022, 05:54:43 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?
It's definitely your own choice actually. If they have been performing well in the previous days or months, most likely they will not be out in the market easily. However, i'm not a fan of these tokens. I prefer to invest my money on bitcoin and proven altcoins because they are more secured and probably will live longer in the market since they have great utilities that this community is in need for. 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 08, 2022, 04:22:16 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 are a fan and you want to buy some of those tokens to show your appreciation then I do not see anything wrong with it, however if you want to speculate with them I would say I consider such a thing to be a bad idea, those tokens do not really have any real use and as such you are risking your money over nothing, and even if the movements of those coins could be enough to produce profits due to pump and dumps groups targeting them, it is unlikely you will invest in the right coin at the right time, so you will be wasting your time by putting your money in those tokens. 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 08, 2022, 03:47:55 PM
Generally, when promoting fan tokens, shares were made, such as don't buy for investment purposes, buy for fan interaction. In particular, Socios CEO Alex Dreyfus even produced a slogan like "don't buy if you're not a fan".
This I believe is a good piece of advice coming from the Socios CEO itself. Because if you are not indeed a fan, you may not find other use cases for the fan token. And you may miss some news or updates if you are just holding it. But if you are a fan, owning of those fan tokens will have a different meaning to you. And you will look for their activities that you can really benefit by using their fan tokens. Don't just invest just because of the possible profit, but because you are following this club and looking forward to their events. This will give more value to what you are holding.
June 08, 2022, 03:44:07 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)
Fan tokens like (Santos, Lazio, Porto, Alpine, ASR, ATM, ACM, JUV, BAR, OG)
The first time i really heard about fan tokens of football clubs was when the news came out last year that Messi will recieve part of his salary in fan tokens of Paris Saint Germain when he left FC Barcelona for PSG. I then searched a little and found out that there are many other clubs that are having official fan tokens already, but that it is pretty much all i know about them. To be honest i would be very careful to invest into such tokens. Like i said i did not really a deep research on them but as far as i know they don't really have a use case. You can pay for merchandise and other stuff from the specific clubs that you own the fan token from but that does not really give you any advantage over someone that uses FIAT to pay for those items.
June 08, 2022, 03:37:26 PM
I personally don't hold any of the fan tokens you mentioned. Not a penny to be interested in. Since its launch and it has stopped there. The token will be discarded and will no longer be eligible for investment. Especially considering that there is no official support from the club, which makes the token built by the fan community, nothing more than that except for only a few that may have been considered. Back again how far your research on fan tokens, and try to be careful.
June 08, 2022, 02:58:37 PM
Generally, when promoting fan tokens, shares were made, such as don't buy for investment purposes, buy for fan interaction. In particular, Socios CEO Alex Dreyfus even produced a slogan like "don't buy if you're not a fan".
June 08, 2022, 07:32:31 AM
Actually I rarely invest in fan tokens, because they are very dependent on the club and their popularity if the club that issued the token is indeed the champion in a league then the tokens they issue will definitely increase, but on average they are fully supported by binance then this is what makes investors interested in the token, do your own research if it is suitable then it never hurts to try.
My investment strategy is always to invest in established project after my experience in the past. Investment in a project that has a particular target buyers or reason for increase is not actually a good investment. So we have to ask what about the fans don't like what is going on and not invest or support the group, certainly the project will collapse. Investment in huge project that is already in the market circle is better to my opinion.
June 08, 2022, 07:27:50 AM
they are best for short term holding I guess since their fluctuations are in range of weekly and maybe daily, although it's recommended if you invest in this kind of fan token select the ones that are having rather high trading volume just in case considering that these kind of fan token could always being abandoned by the football team like literally anytime.
then again there's literally so many investment alternatives out there I doubt you even should invest in fan token since its use case also rather limited and usually have very little relation with technology like smart contracts.
then again there's literally so many investment alternatives out there I doubt you even should invest in fan token since its use case also rather limited and usually have very little relation with technology like smart contracts.
June 08, 2022, 07:26:33 AM
Actually I rarely invest in fan tokens, because they are very dependent on the club and their popularity if the club that issued the token is indeed the champion in a league then the tokens they issue will definitely increase, but on average they are fully supported by binance then this is what makes investors interested in the token, do your own research if it is suitable then it never hurts to try.
June 08, 2022, 07:13:37 AM
I never invested in fan tokens but I guess those are almost the same as other altcoins. What makes them a bit different is probably their fundamental based on the club issues. Not really sure they will be secure enough to invest since the hype of most fan tokens are only in the launching of the tokens (first-time listing). After launching the tokens on an exchange for several months, then the prices of the fan tokens drop drastically. Honestly, I am worried to invest in fan tokens.
*Please do some research first on them before buying: https://www.coingecko.com/en/categories/fan-token
I don't think investing in fan tokens is a good idea. Fan tokens, meme coins, even NFTs have almost no useful value and therefore can only increase in value in a certain period. Over time, the excitement around them subsides and then their future is unenviable. When investing, I am guided primarily by the usefulness of the new cryptocurrency, and not by what is fashionable at this time. *Please do some research first on them before buying: https://www.coingecko.com/en/categories/fan-token
legendary
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June 08, 2022, 06:54:25 AM
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.
Will the token really not decline when bear conditions come to the market ? I'm really not sure what you're saying unless you can provide a bit of evidence that could be very accurate for everyone here to see. Because every token in the market there is always a decrease and increase in price according to market conditions, except for stablecoins whose movements are always very little. June 08, 2022, 06:17:10 AM
The surviving strength of fan tokens is depend on its popularity and we all know popularity doesn't last forever nevertheless If someone is comfortable to invest their money in meme tokens than I don't think the person will have any problem to invest in fan tokens personally I consider fan tokens as meme tokens anyway it's better to invest money in those altcoins which really are strong enough in terms of utility.
June 08, 2022, 05:33:53 AM
If you were shorting them then I guess it's fine? I mean in general, I would never recommend fan tokens as a type of investment, especially for the long term. They're more of a collectible, comparing it to an NFT as others have said isn't wrong as well imo, even if they have some usage, it wouldn't really be a real economy of sorts and it's just a sort of "to be used" kind of economy. But yea, if it's as you said, then short it, but in my case, I'd probably never try investing in it. It's not worth it (especially since I can't short for my life lmao)
June 08, 2022, 04:39:39 AM
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.
June 08, 2022, 04:32:44 AM
The main purpose of Socios company is to reach real fans and to have a say in the decisions made by the club. Of course, it hasn't reached many fans yet. The usage area of fan tokens needs to increase. At the moment, we can only buy combined tickets, vip tickets and jerseys. In addition, we also participate in some voting about the club.
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June 08, 2022, 03:52:04 AM
I advise you not to invest in fan tokens like you mentioned because we don't know what will happen with such a project. It would be better to invest only in bitcoins than in new coins or altcoins that are not clear to last for a long or short time. But if you really want to invest in the fan token, I recommend not using big money because of the unknown factors of the token. But everything is just a suggestion and then you decide for yourself after analyzing and researching.
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