Fan Token step came from England’s famous football club Tottenham. Altcoin Chiliz introduced its own SPURS token on its platform. Accordingly, it dives headfirst into the ever-growing fan token trend.
Fan token supply on October 4
The club announced the SPURS Fan Token move in an official press release. Accordingly, he stated that they can be purchased for $ 2 each during the token offering planned to be held on October 4. This unique token will allow its holders to participate in on-chain voting. It will also give you the opportunity to access exclusive rewards and participate in one-of-a-kind experiences.
Tottenham Commercial Sales Director Ryan Norys expresses his excitement about this initiative. He also says: “We are delighted to be able to offer fans around the world a new range of Club-related rewards and experiences. Fan Token will enhance many of the benefits of our existing membership program. “This partnership is another example of how our Club is working to create additional recurring sources of income to reinvest in our football activities.”
Joining the growing list of sports teams
Tottenham joins 80 other sports teams that have entered the Fan Token world on the Chiliz platform. These tokens run on Chiliz Chain, the platform’s proprietary blockchain. The Chiliz platform has generated more than $400 million in revenue for various football teams and leagues. Thus, Fan token proudly demonstrated the significant impact of its projects in the sports industry.
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Fan engagement and blockchain technology continue to intertwine. On the other hand, Tottenham Hotspur’s SPURS token marks another exciting development in the world of sports fan engagement and revenue generation potential in the digital age.
Fan Token wind in the cryptocurrency world
Fan tokens allow fans to vote, have a say in team decisions, participate in special events and win various rewards. In this way, fans feel more loyalty and belonging to their teams. On the other hand, they have the opportunity to contribute more to the success of their teams. It also has the potential to further grow the sports industry. Fan tokens enable sports fans to become more involved in their teams. Thus, when we look at it as cryptokoin.com, it can contribute to the growth of the sports industry.
Thanks to fan tokens, sports fans can be encouraged to spend more money on their teams, which can increase the revenues of the sports industry. Fan tokens allow clubs to generate direct revenue from fans. Clubs can generate income by selling fan tokens or from competitions and events organized through fan tokens.
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