Crypto in sports: What are CITY, AFC & PSG fan tokens?
Fan tokens allow fans to influence and engage with their favorite teams through the home, league, and cup matches. From this week onwards, Polopedia will explain different fan tokens through the “Crypto in Sports” series.
In this article, we will first introduce these three fan tokens: Manchester City (CITY), Arsenal (AFC), and Paris St. Germain (PSG), all of which were created to interact with their favorite teams on the Socios.com platform, which is powered by Chiliz the blockchain infrastructure with its native token, Chiliz (CHZ).
What are they?
CITY Fan Token: Manchester City, a famous English football club, partnered with Chiliz to launch its fan token, CITY, in March 2021 with a supply of a maximum of 20,000,000 tokens. CITY gives fans voting rights on the club decisions, like deciding on the football kit designs, the team bus design, and so on. According to CoinMarketCap, CITY’s prices spiked when Cristiano Ronaldo was rumored to join the club, but they dropped after the transfer failed to go through as expected.
AFC Fan Token: In August 2021, Arsenal launched its official fan token, named AFC, through its partnership with Chiliz. With a supply of a maximum of 20,000,000 tokens, AFC allows holders to enjoy privileges including having access to its home, Emirates Stadium, and the token holders can also gain access to the best seats at important matches every season, even with the chance of having autographed items and beyond.
PSG Fan Token: PSG was the first fan token launched by Chiliz amongst the two others, which mentioned earlier, in 2020 with a supply of a maximum of 20,000,000 tokens. As one of the early pioneers to launch fan tokens in the sports industry, PSG fan token allows holders to influence club decisions by voting, scoring VIP tickets, and unlocking exclusive merch. In the past, fans made collective decisions on the design of the captain’s armband, the best defensive action of the season, the match day message to be written in the team’s locker room, and beyond. With the VIP prestige, token holders can interact with their favorite team anywhere, anytime.
How do they perform?
CITY, AFC, and PSG weren’t made for investment, they were merely created to enable token holders to influence and engage with their favorite clubs. Yet, the performances of the individual fan tokens are as follows based on their popularity and performances in recent years.
CITY Fan Token: The token is trading at $5.81 by the press time. Currently, Manchester City ranks second in the Premier League table with strong momentum to retain the title again this season. With an honorable history of winning at least 8 League titles, 6 FA Cups, 8 League Cups, 6 FA Community Shields, and one European Cup Winners Cup since it was established in 1880, Manchester City’s fan token is expected to increase between $8.68 and $10.59 next year, according to DigitalCoinPrice.
AFC Fan Token: The token is trading at $1.95 by the press time. Currently, Arsenal stands on top of the Premier League table. The top flight of English football has won 13 league titles (including one unbeaten title), a record 14 FA Cups, two League Cups, 16 FA Community Shields, one European Cup Winners’ Cup, and one Inter-Cities Fairs Cup to make it one of the most successful clubs in English football since its establishment in 1886. According to DigitalCoinPrice, it predicts AFC will increase between $2.9 and $3.6 next year.
PSG Fan Token: The token is now trading at $7.11 by press time. Founded in 1970, Paris St. Germain F.C. (Simply PSG) is the most popular football club in France with many star players in the team, such as Lionel Messi, Neymar, Kylian Mbappé, and more. With contract extensions with the current notable footballer, Mbappé, until 2025, PSG is expected to do well. According to DigitalCoinPrice, the token will increase between $13.98 and $ 16.73 before any actions are taken by Mbappe.
How can we purchase fan tokens?
No matter which football team you support, you can purchase CITY, AFC, or PSG tokens on the Socios platform to get involved in different clubs’ governance. Or else, you can also purchase the aforesaid tokens at credible crypto exchanges, including Poloniex, where you can trade them on the spot market with cryptocurrencies including USDD and USDT.
Attention, please!
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