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About Racing Club Fan Token
- Fan Tokens allow fans to exercise influence within their favorite teams/leagues/clubs.
- Fan Tokens provide access to once-in-a-lifetime experiences, such as player meet and greets and training day events.
- Partnerships launching Fan Tokens on Socios.com include FC Barcelona, Inter Milan, AC Milan, Manchester City, UFC, ROUSH Fenway Racing, and Aston Martin.
- Chiliz ($CHZ) is an ERC20 utility token on the Ethereum blockchain.
- Fan Tokens are minted on Chiliz Chain, an EVM-compatible permissioned sidechain.
- Chiliz Chain does not currently require transaction fees,
Introducing the Racing Club Fan Token: A Revolutionary Way to Empower Fan Engagement
Fan Tokens: A New Era of Fandom Engagement
Fan Tokens empower enthusiasts across diverse sports disciplines to exert their influence within their beloved teams, leagues, and clubs. Through Socios.com, fans are granted a participatory role in shaping certain club decisions, such as selecting a goal celebration anthem in a football stadium or determining which fighters should clash in MMA, among other exciting opportunities. As a token of appreciation, Fan Token holders gain access to extraordinary experiences, including once-in-a-lifetime encounters with players, training day events, and many more unforgettable moments.
A burgeoning roster of partnerships has seen some of the world’s most esteemed sporting organizations launch their Fan Tokens on the Socios.com platform, including, but not limited to, FC Barcelona, Inter Milan, AC Milan, Manchester City, UFC, ROUSH Fenway Racing, and Aston Martin, among others.
Unveiling the Mechanics of Fan Tokens: A Comprehensive Overview
Chiliz ($CHZ), an ERC20 utility token built on the Ethereum blockchain, serves as the digital currency for the Chiliz and Socios.com ecosystem. The launch of their platform, alongside other sports-focused blockchain ventures, has given rise to a novel category of token: the Fan Token. Upon joining the Socios.com platform, yet-to-be-announced club partners will host a Fan Token Offering (FTO). To participate, fans must first purchase $CHZ through a cryptocurrency exchange, which enables them to acquire Fan Tokens. These unique, finite digital assets, specific to a particular team or club, grant access to an encrypted ledger of voting and membership rights ownership.
Introducing Chiliz Chain: A Revolutionary Blockchain Ecosystem
Fan Tokens are minted on Chiliz Chain, an EVM-compatible permissioned sidechain. Notably, Chiliz Chain does not incur transaction fees, thereby facilitating the rapid and cost-effective transfer of Fan Tokens.
Chiliz has ambitious plans to elevate the Chiliz Chain, poised to establish itself as a trailblazer in the sports blockchain arena, potentially paving the way for the creation of NFTs, staking, and a multitude of innovative features.