The most recent iteration of fan tokens was released by Socios.com, which is the company that created Chiliz's supporter tokens, along with numerous football clubs. This was the inaugural launch of all of these tokens combined, and it took place on the cryptocurrency trading platform MEXC. This was done in order to grow their scale on the secondary market.
Everton FC Fan Token is one of the 16 clubs who have already issued their own fan tokens. Other clubs that have done so include Crystal Palace FT, Leeds United FT, Arsenal Fan Token, Atlético Mineiro FT, and others.
According to the statistics from December 14, Arsenal fan token AFC, AS Monaco fan token ASM, FC Barcelona FT fan token BAR, and Aston Villa FT fan token AVL had the largest gains after being listed on MEXC, coming in at 272%, 200%, 126%, and 240%, respectively.
As a matter of fact, fan tokens are social tokens that have emerged in the realms of sports, entertainment, and other industries as a direct result of the development of the NFT in 2021. Fans who possess tokens for relevant clubs or teams will have the ability to acquire signed jerseys, NFT incentives, VIP seats, and other perks, as well as take part in voting and other club events, among other things. Chiliz, a provider of infrastructure for entertainment and sports based on blockchain technology, has worked with a number of well-known clubs to establish fan tokens. These include the JUV token for Juventus fans, the ACM token for AC Milan fans, and more.
Fan tokens have been the only industry to witness an overall boom in the second half of this year as a result of the World Cup in Qatar, making them the only sector to enjoy growth in this bear market for cryptocurrencies. Three months before the start of the World Cup, the two most important trading platforms, Binance and MEXC, took the initiative to develop the fan token zone. Both platforms have included listings for fan tokens representing important national teams or clubs.
MEXC is not only the first trading platform to debut fan tokens, but it also has more than 30 fan tokens listed, making it the trading platform with the biggest number of listed fan tokens, according to public information. MEXC was the first trading platform to introduce fan tokens.
During the current World Cup, the value of certain fan tokens has fluctuated in response to the progression of the game in a variety of ways. ARG, the fan token of the Argentine national team, which has won two World Cups, started making a comeback from its lowest point on December 9 and reached an 87% gain on the 13th of the same month. ARG hit its largest gain of 46.1% on MEXC specifically after Argentina defeated Croatia 3-0 and moved on to the final, which is when MEXC was trading at its lowest point.
Regarding MEXC:
MEXC is the premier cryptocurrency trading platform in the world, and it offers a variety of cryptocurrency trading services, including spot, ETF, futures, Staking, NFT Index, and more, all in a single location. MEXC presently provides its services to more than 10 million people across the globe, and it adheres to the principle that "Users first, MEXC's Changing for you." You can obtain additional information by going to the website and reading the blog, in addition to following MEXC Global and M-Ventures Labs.
Contact:
MEXC is the name of the company.
Name: Jenny Sun
Email: media@mexc.comv
