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Fan Tokens are utility tokens, a type of digital asset, created using Chiliz Blockchain technology. Utility tokens have a function, or several functions, and can be used across systems or platforms for various purposes – for example, to provide access to a digital community, exclusive content, discounts or loyalty programs.
They are intrinsic to the fan experience on Socios.com – the world’s leading fan engagement and rewards platform, where fans can connect with their teams in various ways, including predicting scores, choosing their favourite players, checking in, voting in official Club polls and playing games.
Fan Token holders are rewarded for acting like fans on Socios.com, with in-app engagement resulting in reward points credited to fan wallets that can be used to later redeem Fan Rewards, including VIP tickets, merchandise, collectible match used items, access to the team and other unique, club-linked, behind the scenes experiences.
Fan Tokens are tradable; this provides flexibility because the level of influence in features and access to Fan Rewards on Socios.com is determined by engagement and the number of Fan Tokens held. Therefore, fans can increase or decrease their impact on Socios.com by selling Fan Tokens or buying more Fan Tokens on Socios.com.
Fan Tokens are also fungible. In simple terms, this means they are replicable and non-unique, so millions of these identical assets can be created, providing teams with the potential to connect with their global fanbases at scale.
And while channels like social media are geared towards one-way engagement, with fans predominantly absorbing content, Fan Tokens can help transform global audiences into an active community. That’s because Fan Tokens empower fans to make a recognisable impact and to be rewarded for doing so.
Socios.com is the world’s biggest fan engagement and rewards app. It launched in 2019 when Juventus became the first club in the world to connect with its global fanbase using Fan Tokens. FC Barcelona, AC Milan, Inter Milan, Atlético de Madrid, Manchester City, Arsenal, Napoli, AS Roma, Benfica, the Italian and Portuguese national teams, and many more have followed suit, as have the UFC and a string of F1 teams.
Socios.com welcomes fans – worldwide – to gain recognition and rewards by acting like passionate fans on the app. They can do this by using Fan Tokens to engage with a host of fan-focused in-app features, earning rewards points every time they do that can later be used to redeem Fan Rewards and experiences linked to their favourite teams.
Socios.com continues to grow in popularity, recording over two million downloads worldwide.
The Spurs FTO®, or Fan Token Offering® to give it its full title, is when a limited number of Spurs Fan Tokens will go on sale for the very first time at a fixed price for a limited time period exclusively on Socios.com.
A total of 500K Spurs Fan Tokens will be available during the FTO® at $2 each (approximately £1.65).
The FTO® begins on Wednesday, October 4th, and will occur in 3 waves.
The first wave starts at 13:00 CEST and will continue until 16:59 CEST. During this time, there will be a purchase limit of 100 Fan Tokens per person.
The second wave begins at 17:00 CEST and will continue until 20:59 CEST. During this time, there will be a purchase limit of 500 Fan Tokens per person
There will be no purchase limit during the third wave, which begins at 21:00 CEST on Wednesday, October 4th and will continue until 20:59 CEST on Friday, October 6th, or until all available Fan Tokens have sold out.
Yes.
Spurs Fan Tokens will be available for purchase in the Socios.com marketplace within 30 days of the FTO® ending. This moment will be known as the Global Launch.
The Global Launch will take place during the 30-day period after the end of the Spurs FTO®. At this point, 2.5M Spurs Fan Tokens® will be released, creating a total circulating supply of 3M.
While Spurs Fan Tokens will be sold at a fixed price of $2 during the FTO®, the price will be determined by supply and demand from the moment the Global Launch takes place.
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All images relating to the app on the site are for information purposes and may not reflect the final graphics of the product
Fan Tokens are a type of utility token. They are obtained by exchanging them for the Chiliz cryptocurrency ($ CHZ), which can be purchased on the Socios.com app after downloading it. 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.
Socios.com is currently unavailable to US users.
