Fan tokens are digital assets, or a crypto asset, that allow countless interactions with their creator Created as a way to add more value to fan membership programs and bring fans closer to their favorite sport, fan tokens started to work as another option income for the clubs. But do you know what a fan token is? Fan tokens are digital assets, or a crypto asset, that allow numerous interactions with its creator. Just like sports betting bonuses, fan tokens are also present in the betting world. Among other possibilities, fan tokens provide their owners with access to voting rights within clubs, for example. Also, in many cases, token owners can receive rewards and participate in exclusive promotions. Among the benefits that football fan token owners can enjoy are: Shirt voting Discount on products Access to exclusive content
Fan tokens and wagering bonuses, what’s the difference
Just like fan tokens, the betting bonuses offered to bettors are extra rewards from the houses paid to the user. But to receive them, you need to meet some conditions and wagering requirements. This varies according to the bookmaker. For you to understand better: a wagering requirement is the number of times you need to play with a bonus within a certain period before you can withdraw any winnings. In the same way that fan tokens offer benefits to fans of certain football teams, betting bonuses offer advantages. They are also intended to retain users who are already registered and attract those who are not yet part of the world of online sports betting. Bookmaker bonuses can be: Free spins, according to the amount deposited when creating an account on the site; Welcome, should be used in the first bets, giving the user more chances to win; No deposit, where the player can get money to play and experience a risk-free betting platform; Reimbursement, or cashback, which allows the bettor to receive the total amount of the amount that was wagered in cash and not as benefits, among other types of bonuses.
How fan tokens work
Here in Brazil, clubs like Atlético Mineiro, Cruzeiro, Corinthians, Flamengo, Coritiba, Botafogo and even the Brazilian National Team already make fan tokens available to their fans. The fan token is a tool for football lovers to access services or products and interact through a platform. It is a fraction of a digital asset protected by cryptography and, like Bitcoin and other digital currencies, it has price fluctuations in the market, which may or may not appreciate over time. Created and made available by crypto platforms, fan tokens are bought by fans and investors with “national money”. As an advantage, the fan token holder has access to the club’s exclusive content, participates in important decisions, and has access to everything the club’s imagination and capacity can produce. In addition to benefits for those who buy them, fan tokens generate income for clubs. A survey by the British newspaper The Telegraph pointed out that PSG, Juventus, Barcelona, Galatasaray and Manchester City together raised more than BRL 1 billion from the sale of tokens since they started to sell the assets in mid-June 2020.
Conclusion
Just like betting bonuses, the purpose of the fan token is not to generate profits for the fan, but to offer a series of benefits to the fan. Anyway, if you are thinking about acquiring a fan token, the tip is to be aware of the movement of clubs that have entered this business and take advantage of opportunities. Hiring, ranking for competitions with a large audience, launching products and services can be good indications of the appreciation of these fan tokens.
What are football fan tokens Photo: pexels-pixabay
Warning: this article is for informational purposes only, it does not constitute investment advice or an offer to invest. CriptoFácil is not responsible for any content, products or services mentioned in this article Read also: ProBit Global launches AVAX with 50% OFF Read also: Beginning of the Cup: Join CoinEx and win prizes! Read also: The World Cup is approaching and Coinex is rooting for the athletes
