In this article, we list the top fan tokens by market capitalization, according to CoinMarketCap. Read on to find out if your favorite sporting team makes the fan tokens list.
What are fan tokens?
Fan tokens are cryptocurrencies aimed at giving sporting fans exclusive membership perks, voting rights on team decisions, merchan,dise rewards and official non-fungible token (NFT) access. Fan tokens offer sporting teams a different avenue for marketing and brand exposure while giving fans the chance to interact with their clubs in new ways.
How do fan tokens work? They are minted on blockchain networks such as Ethereum and the BNB Chain and adhere to respective ERC-20 and BEP-20 token standards.
Teams can offer fan token holders the chance to participate in exclusive events, and access official club NFTs, sporting merchandise, and match day perks. Fan tokens can be traded on crypto exchanges like any other cryptocurrency.
List of Best Fan Tokens Based on Market Capitalization
1. Alpine F1 Team Fan Token (ALPINE)
Alpine F1 Team Fan Token (ALPINE) is a BEP-20 utility token of BWT Alpine F1, a Formula One racing team.
Launched in February 2022 on Binance Launchpad, a fan BWT Alpine F1 who owns ALPINE can cherish their exclusive fan experiences and be directly involved in the voting session on the platform.
In addition, the ALPINE token arrives with a limited collection of NFTs that can be staked for rewards. Once-in-a-lifetime experiences of this fan token include a private fan meeting with the F1 team, official merchandise signed by the F1 teams, and various other interesting activities.
The ALPINE token has a hard supply of 40 million units. As of Aug 2022, the price of this fan token is US$ 3.13, with a market capitalization of US$ 35.5 million.
2.FC Porto Fan Token (PORTO)
PORTO token is essentially dedicated to the fans of FC Porto, launched on Binance Network on 6 November 2021.
In 1983, FC Porto (PORTO) was established as a football club in the Portuguese Premier League. The squad is known for being the second-richest football team in Portugal and having a strong fanbase.
As of Aug 2022, the price of FC Porto (PORTO) is US $3.91 with its market capitalization of US$ 29.9 million.
3.SS Lazio Fan Token (LAZIO)
Another Binance Launchpad project, SS Lazio launched a fan token so-called the LAZIO token.
SS Lazio is an Italian professional sports club, which won 2 Serie A titles, 7 Coppa Italia titles, 3 Supercoppa Italiana titles, and 1 UEFA Cup Winners’ Cup and UEFA Super Cup each.
As of Aug 2022, The price of SS Lazio (LAZIO) is US $3.51, with a market capitalization of US$ 29.6 million.
4.Santos FC Fan Token (SANTOS)
Santos FC (SANTOS) is a fan token of Santos FC on Binance Launchpool. It is a Brazilian football club in the state of São Paulo, based in Vila Belmiro
Many benefits come with the SANTOS token, including the opportunities to engage in all team activities and the right to express opinions or vote on team-related subjects.
As an added bonus, the holders are granted exclusive privileges, such as limited NFTs, rewards, and GameFi access.
Santos FC fan token (SANTOS) is traded in Aug 2022 at US$ 4.38, with a market capitalization of US$ 20 million.
5. Paris Saint-Germain Fan Token (PSG)
$PSG token is a fan token of the world-famous football club, Paris Saint-Germain, which was launched on Socios.com.
As a bonus, this token provides fans a say in the team’s season-long goals and skills, as well as VIP experiences and official merchandise.
$PSG holders can also vote for the cover design of the limited edition FIFA-22 PSG and the new Parc des Princes stadium design.
Interestingly, some token holders have even received video calls from first-team players via the platform.
Just like Bitcoin and other crypto assets, PSG fan tokens can be traded on crypto exchanges. The team reported that the trading volume of this token had increased by more than 130% in just five days when there were rumors that Messi would join the PSG team.
The $PSG token is currently trading at US$ 7.23, with a market capitalization of US$ 22.3 million, as of Aug 2022.
It is important to note that this article does not constitute financial or investment advice. Before you choose to invest in any fan token, always do your own research. Remember that your decision should be based on your attitude to risk, your expertise in this market, the spread of your portfolio and how comfortable you feel about losing money.
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DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.