Investment Notes｜How to play Fan Token? To play well, play well, play croak!

May 21, 2022

foreword

According to the 2022 trend report released by Twitter, the data shows several trends, such as the imminent recovery, the formation of fan economics, and the rise of social investment, and according to data analysis, Fan Token (Fan Token) The year-on-year growth rate of the mention rate of the fan has increased by 994%, indicating that the economic cycle system involving fans is about to take shape quickly. If you want to talk about fan economics, you must first understand the fan token (Fan Token), what exactly is a fan token? Woolen cloth?

What is Fan Token?

Fan Token (Fan Token) is a cryptocurrency. The term Fan Token was first mentioned by Chiliz in his white paper. It is used for fans to connect and interact with the sports teams they support, so it can not only be traded in In addition to the exchange, it also allows fans who hold it to receive a variety of sports team-related benefits, such as redemption merchandise, game tickets, VIP experiences, or anything else.

What is the Binance Fan Token Platform?

Not only because Binance Exchange is actually one of the promoters of fan tokens, but also because it provides better Chinese support. Using Binance’s fan tokens as an explanation, it will be easier for everyone to understand that Binance will cooperate with Binance in 2020. Chiliz launched a strategic partnership to list Chiliz’s fan tokens Juventus Fan Token (JUV) and Paris Saint-Germain Fan Token (PSG), and later launched Binance’s own fan token platform, which now has $ ALPINE, $LAZIO, $PORTO, $SANTOS, and more tokens should be listed in the future.

What can Binance Fan Token do?

As long as you have Fan Tokens, you can get some special benefits or privileges.

You can influence the development of like groups by voting with fan tokens you hold

Available Fan Tokens with special benefits

You can buy exclusive NFTs for your favorite team

Staking NFTs to earn fan tokens

Use Fan Tokens to make pre-match predictions and win special rewards if the predictions are correct

in conclusion

According to reports , a few days ago, Zhang Huimei's concert gave NFTs to let fans enter the "girl universe" together. At best, it just gave fans a gimmicky commemoration. It seems that they did not empower NFTs. Some Internet celebrities or artists have issued NFTs, designed It also intends to empower, but so far, I have not seen relatively attractive applications, and most of them are only in the sense of collection, no wonder many people joked, "The ones that can be sold are called NFTs, but they can't be sold. is called JPG" .

"The stone of other mountains can be attacked by mistake." The application of the fan economy in foreign countries has already taken shape. From my experience using the Binance fan platform, I think it is a very novel way to connect fans with groups and networks. There are still some deficiencies in watching the applications in the Chinese area in the way of celebrities, or artists. I heard that Japan and South Korea have some ingenuity, but according to different national conditions, it is still to be discovered by each project party to be more creative and meet the needs of fans. method of application.

Just on the eve of the annual Bitcoin Pizza Day , the application of cryptocurrencies has changed. Not only can it be used to buy pizza, but it can also be used to support favorite groups and interact with favorite idols. In the future, there will be more applications that make people fall into the ground. As long as you add a little imagination, the blockchain can become your wings and take people to fly high and far .

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This article is my personal opinion and sharing. The information in the article is for reference only and does not intend to constitute an invitation or suggestion for any investment transaction.