What is Fan (Fan) Token, How to Buy?

Cryptocurrency and blockchain technology have uses in many different sectors. One of these usage areas is fan (fan) tokens. Fan tokens are a type of cryptocurrency that allows sports clubs to interact with their fans. fan tokenThrough ‘s, fans can have a say in the decisions to be made about their club, determine the steps to be taken by the club and support the clubs financially. In addition to all these, they can gain the opportunity to have special privileges.

We have examined for you what fan tokens are, how they are created, whether they are an investment tool, how they are priced, which clubs in the world and in Turkey, the approach of clubs to this technology, its future and how it can be purchased.

What is a fan token? How did they enter our lives?

We are talking about a period of 1-1.5 years since fan tokens entered our lives and became popular. While wrong in this process, fan tokens match their value with the exact value of the clubs. In fact, fan tokens completely from the interaction of the fans, from the success of the club, that is, from a social structure. taking. released so far one hundredWe can say that there are more than 1,000 fan tokens. The market value of these fan tokens is above $500 million. These volumes, which change with price movements, are averaged every month. 4-5 The new fan continues to increase with the addition of the token to the ecosystem.

We can summarize fan tokens as the process by which fans buy digital assets owned by the club in order to obtain certain interaction opportunities, for a certain value, but also for the concept of loyalty. Fans also use these tokens to interact with their clubs and benefit from some of the services offered.

Are fan tokens an investment in the club? Or is it a way of interacting? Also, how are fan tokens priced?

Many football clubs are corporate, but fan tokens appear as projects that have nothing to do with the corporate value of the club. The real value here comes from the interaction between fans and clubs. For this reason, fan tokens can sometimes be much lower than the valuation of companies when we look at them corporately, and if the fan interaction and loyalty of the club is very high, we can also observe the value of the companies. Therefore, it cannot be said that there is a direct or indirect relationship between the value of clubs and tokens. Fan tokens in a nutshell fans’ interest in the club, social interaction and success of the club priced with.

Which teams have fan tokens?

Globally, almost 60-70 The team has a fan token. In Turkey, Bitexen and other stakeholders in the sector issue fan tokens of local clubs in order to contribute to the ecosystem. Galatasaray, Fenerbahçe and many other clubs already have fan tokens in Turkey. Bitexen, on the other hand, started this process with Adana Demirspor and continues by adding many more clubs. The ecosystem is reviving day by day, as in the cryptocurrency ecosystem, and the expectations of the fans are global.

abroad, for example Juventus‘Fame , PSG‘ has fan tokens. When we look at these clubs, it becomes a promising situation for the fans to see the same structure in Turkey. According to the valuation status of fan tokens, to be able to see that their clubs are communicating with them and to the possibility that this may be valued in the future. opportunity to compare teams with each other.. In all these processes, which club is more marketing, social and interaction value It allows us to see.

How do clubs approach fan tokens in Turkey? What is the future?

It can be said that all clubs in Turkey have a search and a study on this subject. Because they want to be included in this sector from a point. We are talking about a structure where you can easily attract fans to you. Fans can actually see that they increase their belonging by buying a token related to the club. The club can go beyond commenting on social media. And the hut “I have a fan token and I need to convey my views to you” gives the message.

At this point, the interaction of the fans comes to a point where it can offer different experiences such as accompanying the match, the player selection, the music playing in the stadium, if traveling somewhere. This is actually starting to become a situation that goes beyond the value of the token owned by the fan. There is an opportunity to gain an experience here. Every token holder fan actually has a connection to the club. The owned token creates a path between the fans and the club. And in this way, the fans can convey their opinions to the club through that road. This attracts the attention of football clubs.

In the coming days, different tokens will emerge for different privileges. Apart from football, we started to see it in esports, we will start to see it in other sports arts, we will see all of these come together in one structure. Maybe in the future it will be a token of the football industry, a token of the basketball industry. We will be able to comment on which one we should follow, which one is more successful. As individuals, we can go to a structure that we can shape these as well. In the future, as the clubs adopt these processes more, a club without fan tokens will start to leave a bad perception in the eyes of the fans.

Will NFT projects related to clubs emerge?

As Bitexen, we continue our work at every point that is demanded in the ecosystem and that we believe will provide benefits. NFTs are the next stage of fan tokens. An event that marked 2021 is actually NFTs. In the coming days, maybe we will have an NFT of a cup of a club, maybe if there is a very good moment, a photo of that moment will be NFT, we may have many examples like this. We are also considering NFT’ing them. What matters is what the fans want and expect. Whatever they demand, we can NFT them.

The spiritual effect created by having a signed jersey will also be provided in the digital world through these NFTs. The concept of Meteverse, which has recently come to the fore, can actually be presented under a game or in a digital environment, this universe, which is described as the second life, alternative life of people. People will now be able to reflect their digital products, which have spiritual value, to other people at these points, and these digital products will carry material value as well as moral value.

How to get fan token?

There are many different domestic and foreign platforms where we can buy fan tokens. You can buy and invest fan tokens from these platforms as if you were buying cryptocurrencies. On Bitexen, you can buy fan tokens to be pre-sold on the IEO page, participate in the pre-sales of these fan tokens, and then, when the board is opened, you can buy and sell on the stock market as if you were trading cryptocurrencies.