MEXC Global: What Are Fan Tokens?

 Fan tokens are utility tokens associated with a club, team, or brand that provide token holders with exclusive fan benefits. A football club, for example, could have a Fan Token that gives holders priority when purchasing tickets. Fan token holders may also be granted voting rights on club decisions such as selecting a new kit, slogan, or jersey design.

The token is usually associated with a popular sports team, celebrity, or other entity. Juventus, AS Roma, and FC Barcelona are just a few of the clubs that have their own tokens that are now available on cryptocurrency exchanges. Unlike BTC and ETH, which derive their value from the underlying project, a Fan Token derives its value from the unique benefits it provides to fans.

Apart from governance, these tokens offer token holders club-specific benefits such as:

• Voting in club polls, such as selecting welcome songs, messages, or jersey colors.
• Exclusive access to club player meet-and-greet events.
• Discounts on club merchandise and player autograph signings
• Direct access to training sessions on the field.
• The stadium is open to the public for free.
• The ability to use the token to pay for match tickets and/or receive discounts on match tickets.
• Potential access to NFTs that the club may make available to fan token holders.

What are the most important fan tokens you should be aware of as a beginner?

• S.S. Lazio Fan Token

S.S. Lazio, founded in 1900, is one of Italy's oldest and most prestigious football clubs. It is also one of the most decorated, second only to AC Milan in terms of trophies won. It has one UEFA Winners Cup, one UEFA Super Cup, two Series A titles, seven Coppa Italia titles, and three Supercoppa Italiana titles.

The S.S. Lazio fan token was among the first to be released in 2020, paving the way for other sports tokens to follow. The token's original purpose was to raise more funds for the club and give true fans the ability to interact with and influence club decisions - similar to a governance token on blockchain. Ownership of the fan token entitles true fans to receive rewards and experiences from the team, such as attending training sessions, winning exclusive access to meet-ups with club stars, visiting the player's arena in the stadium, receiving discounts on VIP match tickets, and receiving discounts on club merchandise.

The market cap of the S.S. Lazio token is currently $21 million, with a circulating supply of 8.6 million and a maximum supply of 40 million.

• FC Porto Fan token

FC Porto is Portugal's oldest football club, having been founded in 1893. FC Porto has won the Portuguese Premier League on multiple occasions and has one UEFA Champions League title.

Although the FC Porto token is one of the newest in the fan series, it has one of Europe's most active fan bases. The FC Porto token only debuted in the fourth quarter of 2021, but it has quickly surpassed the Lazio token in popularity.

The FC Porto token has a market capitalization of $18 million, a circulating supply of 7.8 million, and a maximum supply of 40 million.

• FC Santos token

FC Santos, founded in 1912, is one of the oldest football clubs in Brazil and Latin America. The club was founded in Sao Paolo by three local sportsmen and has since gained fame for its dedication to discipline.

FC Santos is Brazil's most successful club, having won eight consecutive national championships and more than 24 titles in a decade. FC Santos is where world-class players like Neymar and Pele began their careers.

The FC Santos token currently has a market cap of $22 million, with 4.5 million in circulation and a maximum supply of 30 million.

There are currently 58 different types of fan tokens on the market. Top exchanges such as Binance and MEXC not only listed fan tokens, but also created trading zones for them. MEXC has 17 fan tokens listed, making it the exchange with the most fan tokens.

Projects such as CHZ,LAZIO,PORTO, SANTOS, POR,CITY, and others were first listed on MEXC at various times. Among them, CHZ achieved the highest gain of 9400% after launch, while SANTOS, LAZIO, and POR achieved the highest gains of 1032%, 815%, and 562%, respectively.