How this token can change the future of football!

If you are a football fan, you must have your favourite football club and at times you must have thought if you could change that one particular thing about it. Well, here is a chance to influence some key decisions about your favourite teams.

This opportunity is available to the fans through the concept of fan tokens. Fan tokens are 'digital passes' to the teams you love and unlike the normal memberships they never expire. They are limited in numbers and each token represents a single vote in the fan token holder exclusive polls hosted by the teams, these polls are there, so the fans can directly take a few key decisions for the team. Consequently, the entire process of decision-making becomes more democratic, fans oriented and transparent.

The real stakeholders, the fans, now have an active role in the functioning of the team and this increased influence has been possible because of these fan tokens. Owning the fan token also offers other rewards such as discounts on merchandise purchases. Additionally, the fan tokens are also part of collectibles for the fans, they are a means for the fans to showcase their love for their favourite teams and acquire the title of superfan.

How do you get fan tokens?

The respective teams issue the fan tokens in limited numbers and these tokens can be traded on the platform called as socios.com, this platform is in collaboration with the different teams, to name a few — FC Barcelona, Juventus, Paris Saint- Germain.

This is where the Chilliz Token ($CHZ) comes into the picture, to buy or sell the fan tokens you use $CHZ as the currency. The token trades are exclusively available in $CHZ pair. One can acquire $CHZ from their preferred cryptocurrency exchange.

Incentive for the teams

The major sources of revenue for a sports team is generally TV rights, ticket fees, advertisements, and merchandise sales. What fan tokens offer to them is a way to monetize their audience even more by capitalizing the voting rights. This whole arrangement of earning money from the demand of voting rights has been made possible because of $CHZ. By the means of fan tokens, the teams are presented with a way to effectively know the opinion of the real stakeholders, the fans and at the same time, cultivate a massive revenue.

$CHZ potential and the way ahead

The concept of fan tokens is really innovative and has the potential to transform how we see fan and team relationship today. Given how sports fans and football fans in particular are probably the most loyal and persistent creatures, it makes sense to say that this concept of fan tokens will stay. The limited number of fan tokens will only help their prices soar higher.

Currently, the fan tokens are exclusively available for trading in the $CHZ pair, which probably reflects a bright future for Chilliz. But, it should be kept in mind that the future for this token is not only tied with the growth of fan tokens, but also on the assumption that no other platforms or currency will be used to trade fan tokens.

The Unique Selling Point (USP) for Chilliz token is the concept of fan tokens along with the exclusive right to deal in them. If, $CHZ is able to retain this exclusive right or maintain the market dominance even after losing the exclusivity. It can translate into a potential green for its future. While this remains uncertain, $CHZ may or may not be a good investing option for you. Do your research and be the judge for yourself.

The goal of the article is purely for learning purposes and in no way is or should be taken as financial advice and “tips”. Invest at your own risk, do your own research. I hope this article was of some meaning to you, stay connected for more. Best regards, Jatin Goyal, Team Shunya Finance.