McLaren launches official fan token after partnering with Bitci Exchange

McLaren launches official fan token after partnering with Bitci Exchange
фото показано с : invezz.com

2021-3-26 14:34

Formula 1 team McLaren is collaborating with Turkish-based crypto exchange Bitci.com to launch the team’s official fan token.

While there is a non-fungible token deal in Formula 1, it will be the first time a team is initiating a direct fan token in the car racing industry.

The first of its kind in Formula 1

According to the announcement, the token will be offered on the Bitci Chain. However, the partners are still in the process of launching the token, which means the benefits of the tokens to the fans have not been revealed. But it will have a similar use case with other sports fan tokens.

Fan token is already prevalent in football, where clubs like Barcelona, Paris Saint Germain, and Juventus all have fan tokens their supporters can use to make a meaningful contribution to their respective clubs. With the fan token, they have the opportunity to participate in some voting decisions within the team.

England’s Manchester City recently joined the list of football clubs with fan tokens, after signing a deal with Socios.com for $CITY fan tokens.

The fan tokens also give their owners access to play mobile games, collect rewards, and access promotions.

A great way for sports teams to earn revenue

The partnership with the Formula 1 team also means Bitci.com will have its logo embedded in the drivers’ helmets as well as their race cars.

Like other sports, the absence of fans affected Formula 1 greatly due to the COVID-19 pandemic. Many events were grounded at the early stage of the pandemic control.

Formula 1 organizers had to limit ticket sales and canceled races on some occasions. But blockchain solutions like fan tokens and collectibles are a great way for sports teams to gain part of the revenues lost in fan ticketing. It’s also a new method of exploring different ways to engage fans.

The post McLaren launches official fan token after partnering with Bitci Exchange appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Waves Community Token (WCT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 1.05 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.1615 (-100%)

token team fan formula official mclaren exchange

token team → Результатов: 126


AC Milan Fans to Create New Motto Following $ACM Token Launch

A Team of Devils The club announced the partnership in January 2020. But now, the token will be made available on the fan engagement and rewards app Socios. Together with the launch, the AC Milan marketing team asked fans to devise a new motto for the group, replacing the infamous: “We will be a team … Continued The post AC Milan Fans to Create New Motto Following $ACM Token Launch appeared first on BeInCrypto.

2021-2-12 21:31


Gasify: Aggregator app to level up the Gas Farming hype

Ethereum Gas, Gas Farming, and Gasify Gasify, brought to by the successful team behind Ethanol Token, is here to help uses not only eliminate the loss of profit due to ETH Gas Fess but to actually help users turn those gas fees into pure profit! Gasify will provide tools to maximize rewards in addition to bonus cash back on the rewards users are earning from ETH Gas cashback projects. Gas Farming is quickly becoming one […]

2021-2-9 14:19


Фото:

Coinbase Custody to Support Dvision Network (DVI)

Blockchain platform Dvision Network has revealed that digital asset custodian platform ‘’Coinbase Custody’’ will be providing a cold-storage solution for its native token DVI. Major development for Dvision Network Dvision Network stated that the development had been in the works in recent months with the blockchain cooperating closely with the Coinbase Custody team during thisRead More

2021-1-27 22:26


Coinbase Custody to Support Dvision Network (DVI)

Blockchain platform Dvision Network has revealed that digital asset custodian platform ‘’Coinbase Custody’’ will be providing a cold-storage solution for its native token DVI. Major development for Dvision Network Dvision Network stated that the development had been in the works in recent months with the blockchain cooperating closely with the Coinbase Custody team during this … Continued The post Coinbase Custody to Support Dvision Network (DVI) appeared first on BeInCrypto.

2021-1-26 15:05


Фото:

Lynchpin rolls out two trading competitions on BigONE exchange

Lynchpin has launched two trading competitions for the holders of its LYN token and the crypto community as a whole. The Lynchpin team unveiled this news, noting that the campaigns will reward participants for trading and holding LYN on BigONE, a digital asset trading and trusteeship platform that helps users pinpoint invaluable blockchain assets from […] The post Lynchpin rolls out two trading competitions on BigONE exchange appeared first on Invezz.

2021-1-19 18:16


CyberVein’s CROSS decentralized NFT issuance platform goes live

CyberVein, a next-generation big data and analytics company, today introduced its first-of-a-kind decentralized non-fungible token (NFT) issuance platform, CROSS. With DAVE (Data Analytics and Valuation Engine), an alliance that enables data-driven and technology companies to utilize their resources more efficiently, the CyberVein team unveiled CROSS during the Renaissance Conference – a celebration of CyberVein’s three-year-long […] CryptoNinjas » CyberVein’s CROSS decentralized NFT issuance platform goes live

2020-10-27 04:52


Фото:

Bitcoin Defi: Smart Contract Platform RSK Integrates ETH-Based Stablecoin DAI

On October 6, 2020, the RIF (RSK Infrastructure Framework) development team announced that the Makerdao project’s DAI stablecoin is now available via the smart contract protocol RSK. According to the software engineers, RIF developers leveraged the RSK-Ethereum token bridge and individuals can now utilize the Ethereum-based stablecoin across a myriad of decentralized applications (dapps).

2020-10-9 06:30


RSK Infrastructure Framework (RIF) BTC-ETH Bridge to Open DeFi Products to Bitcoin Community

Coinspeaker RSK Infrastructure Framework (RIF) BTC-ETH Bridge to Open DeFi Products to Bitcoin CommunityThe RIF BTC-ETH bridge was developed by the RSK team and it serves as an interoperability bridge that locks the original token such as DAI on the Ethereum blockchain while minting an ERC777 ‘side token’ that can move freely on the RSK network.

2020-10-6 16:00


Фото:

Пользователи Binance подтвердят готовность потерять средства, вложенные в DeFi-активы

Криптовалютная биржа Binance представила «инновационную зону» для торговли DeFi-токенами. Доступ к ней получат только некоторые пользователи платформы. "The team has created the Innovation Zone, which will allow users to trade newer token offerings from the comfort of their Binance account, while at the same time protecting less suited users from being exposed to the “risk” that comes with trading them.

2020-9-23 17:30


Binance Launches the ‘Innovation Zone’ to Justify DeFi FOMO Listings

Leading spot exchange Binance has created an “Innovation Zone” to list newer tokens. “The team has created the Innovation Zone, which will allow users to trade newer token offerings from the comfort of their Binance account, while at the same time protecting less suited users from being exposed to the “risk” that comes with trading […] The post Binance Launches the 'Innovation Zone' to Justify DeFi FOMO Listings first appeared on BitcoinExchangeGuide.

2020-9-21 16:40


AVA Labs’ Avalanche blockchain raises $42M in public token sale

The team of Ava Labs announced today the completion of the Avalanche token sale, which raised $42M through the sale of its native token, AVAX. The Avalanche Token (AVAX) is a utility token for securing the network through staking, platform fees, and providing a basic unit of account between subnets–a set of nodes that validate […] CryptoNinjas » AVA Labs’ Avalanche blockchain raises $42M in public token sale

2020-7-22 20:46