Fan tokens are a form of cryptocurrency and they let anyone who holds them get access to many different membership perks. Some of the perks can include voting on club decisions or having access to merchanise designs. A fan token is competely fungible and can be exchanged so it is much different than an NFT. It works very similar to cash but the value is constantly changing. The value of a fan token ultimately depends on how much the buyer or fans believe the rewards are worth.
Key Takeaways:
- Fan tokens are a crypto that lets their holders access many different fan related perks like rewards and merch designs.
- A fan token is different from an NFT because it is completely fungible and can be exchanged with others.
- Fan tokens receive their worth based off of how much a person values being able to earn the unique benefits.
“This means that, just like fiat or cash, the tokens can be exchanged for sports club merchandise, VIP experiences and more.”
Read more: https://coinmarketcap.com/alexandria/article/what-are-fan-tokens
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