Fan tokens like every other cryptocurrency can yield good ROIs; however, their values come from their exclusive use cases and may grow or decline depending on how much importance sports fans place on these exclusive use cases.
We’ve seen that blockchain technology has enabled industries to build good relationships with their consumers. Through fan tokens sport teams can connect better with their fans, while fans explore new ways to engage their favourite sport teams.
When a trader buys fan tokens, they gain access to fan-related benefits and can pay for these benefits using their tokens. These may include limited edition merch, game attendance or exclusive fan events, voting rights for team decisions such as bus or kit designs etc.
Fan tokens were mainly created for sport team fans to gain easy access or engage their team but in the event of a growing demand or important use cases, their values can surge. PSG token for instance, surged to an ATH (43% jump) in 2021 when it was revealed that footballing icon Lionel Messi was joining the club.
Tottenham Hotspurs fan token, $SPURS, seems to be the recent fan token to be gaining traction, this is probably inspired by the team’s impressive outings in the current EPL season and the expectations that they could finally lift a trophy this season and potentially send the token to the moon. Do you think it’s a good time to invest in the token?
We’ve seen that blockchain technology has enabled industries to build good relationships with their consumers. Through fan tokens sport teams can connect better with their fans, while fans explore new ways to engage their favourite sport teams.
When a trader buys fan tokens, they gain access to fan-related benefits and can pay for these benefits using their tokens. These may include limited edition merch, game attendance or exclusive fan events, voting rights for team decisions such as bus or kit designs etc.
Fan tokens were mainly created for sport team fans to gain easy access or engage their team but in the event of a growing demand or important use cases, their values can surge. PSG token for instance, surged to an ATH (43% jump) in 2021 when it was revealed that footballing icon Lionel Messi was joining the club.
Tottenham Hotspurs fan token, $SPURS, seems to be the recent fan token to be gaining traction, this is probably inspired by the team’s impressive outings in the current EPL season and the expectations that they could finally lift a trophy this season and potentially send the token to the moon. Do you think it’s a good time to invest in the token?
