Two Months before World Cup, Fan Tokens Soar on MEXC Exchange

2022-9-8 12:55

Fan tokens of leading football clubs in Europe are ripping higher and outperforming the broader cryptocurrency market, according to details on September 5, 2022.

Per statistics, fan tokens like $LAZIO, the fan token of Lazio football club in Italy, and $PSG of the Ligue 1 giant Paris Saint Germain, are defying gravity and have been posting double-digit gains in the last few trading sessions. Notably, $LAZIO dominates the leaderboard, surging approximately 50 percent in the previous trading week alone.

Considering fundamental factors and rising confidence by market analysts that the crypto winter might be coming to an end after nine grueling months, the fan token rally could just be getting started.

The pump in fan tokens’ valuation coincides with the resumption of the 2022/23 session in most top European leagues. These coins are purposefully designed to strengthen the ties between fans and the team. Partnering clubs are permitted to mint them on the dedicated Proof-of-Authority (POA) Chiliz network.

This way, fans can, at any time, purchase these tokens allowing them to participate in voting where they can decide on the color of their team’s jersey, friendly matches, or even win prizes. It is a well-thought idea that Socios, the team behind the Chiliz Network, first implemented and continues to revolutionize fan engagement, even presenting opportunities for traders on MEXC Global and other top exchanges.

In 2020, MEXC Global, a top cryptocurrency exchange with over seven million clients worldwide, began listing fan tokens. $LAZIO is one of the over 15 fan tokens available for trading on the exchange. As of September 5, 2022, $LAZIO was paired with the world’s most liquid stablecoin, USDT, allowing a quick way for traders to acquire the token in the secondary markets. Other fan tokens listed on the exchange include ACM, ALPINE, ASR, and POR.

Besides boosting the liquidity of fan tokens and creating a convenient way for fans or investors to get exposure to their clubs’ tokens, MEXC Global is at the forefront of driving their respective liquidity. Subsequently, these tokens become easier to trade, even for young fans. Considering how popular these tokens have been, MEXC Global has been evolving to meet the demand of its clients.

They have launched the Fan Zone for fan token traders. At the same time, MEXC Global allows the trading of leveraged ETFs of fan tokens. The derivatives product is a quick way for users to trade with leverage, quickly and safely. Like other leveraged ETF tokens available on the liquid platform, their pricing is unique. They are issued off-chain, meaning the high Gas fees on Ethereum can be avoided, a relief for traders.

 

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Fanfare (FAN) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0030094 (-100%)

fan tokens football lazio sessions giant ligue

fan tokens → Результатов: 110


Casinos Blockchain provides comprehensive analysis of crypto fan tokens & their future

Casinos Blockchain recently released important statistics about fan tokens, particularly those linked with the ongoing FIFA World Cup in Qatar. Socios is the leading platform for crypto fan tokens, coThe post Casinos Blockchain provides comprehensive analysis of crypto fan tokens & their future appeared first on AMBCrypto.

2022-12-15 09:45


Фото:

Tron’s Justin Sun Says He Owns ‘A Lot Of XRP and Ethereum’, Predicts $100k For Bitcoin Before 2025

Tron founder Justin Sun isn’t just supportive of TRX tokens alone. Apparently, he is a fan of other digital assets as well, including the top three. Speaking in a recent interview with Julia Chatterley on CNN, Sun spoke in favor of all three, including Bitcoin (BTC), Ethereum (ETH), and XRP. Sun told Chatterley that he’s […]

2020-2-26 14:31


NBA’s Sacramento Kings Launch Non-Fungible Cryptocurrency Tokens to Boost Fan Participation

One of the oldest affiliate teams with cryptocurrency in the NBA, Sacramento Kings, announces the launch of their collectible tokens on October 16. The National Basketball Association (NBA) is witnessing a growing interest in the cryptocurrency space as multiple teams integrate cryptocurrency products to boost fans’ participation.

2019-10-17 19:18


NBA Denies Spencer Dinwiddie’s Attempt To Tokenize His Contract; It Violates Leagues C.B.A.

Spencer Dinwiddie, Brooklyn Nets player was informed that he will not be allowed to tokenize his contract as per the New York Times report. Dinwiddie earlier had shared his plans about creating a $D8 tokens offered by his company DREAM Fan Shares that would see the player sell a portion of his contract to accredited […]

2019-9-28 17:33


GaloCoin Crypto “Fan Tokens” Launches by Atletico Mineiro Futbol Team in Brazil

Cryptocurrency has evolved in many ways, with tokens being offered as methods of payment, as rewards in video games, and even as a government-sponsored token. However, in a more entertainment-based method, Atletico Mineiro has launched a “fan token” that they are calling GaloCoin, based on a CoinTelegraph Brazil report on December 14th. The coin is […]

2018-12-15 22:59


Bankex’s MovieCoin to Launch Movie.io For Blockchain HollyWood 2.0 Film Entertainment

MovieCoin Has Just Launched Movie.io To Create An Interactive Experience For The Fan Base On 26th June MovieCoin which is in Vancouver, British Colombia, a company that has been considered to be the leading next generation in the financial technology that has been designed to leverage on the blockchain technology plus the cryptographic tokens. It […]

2018-7-29 19:22