Fan Token burning is a thrilling process that involves permanently removing a specific amount of a particular Fan Token from circulation, all with the goal of making your team’s tokens even more valuable. Burning is a very common practice in crypto, and is simply a way to reduce the circulating supply of a Fan Token […]
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Fan Tokens are the utility tokens of Socios.com, created on Chiliz Chain – The Sports Blockchain. They are paired against Chiliz tokens ($CHZ) on the Socios.com platform and may be obtained thereon. Before using crypto-assets (tokens), consider that: a) their value can go down or up; b) they are not regulated in most countries; c) you may have to pay taxes on any profits made from their sale.
Socios Services Baltics UAB, registered in Lithuania with entity code 306098470, operates the Socios.com app and the Chiliz wallet, whilst Socios Technologies AG, registered in Switzerland, with registration number CHE-219.335.797 is the issuer of the Fan Tokens.
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