Manchester City, Lazio and Paris Saint-Germain Lead Fan Token Sector 60% Higher In Past 6 Months

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Fan Token's market capitalization has increased over 60% since June

The market capitalization of all Fan Tokens is currently over $ 417 million, a 60.4%, increase since mid-June based on data from FanMarketCap.  In addition, the daily trading volume of the Fan Token sector is $ 270.2 million.

Some of the top rated Fan Tokens in the category include Paris Saint-Germain (PSG) valued at over $ 47.2 million and Manchester City (CITY) with a market valuation over $ 38 million as noted on FanTokenStats. Both PSG and CITY were launched by Socios.com, the creators of Fan Tokens and are based on the Chiliz blockchain infrastructure.

Binance Exchange is also a major player in the sector, launching its own fan token platform worth around $ 51 million in October 2021. The Lazio Fan Token was launched on the Binance Exchange.

Socios.com and Chiliz founder and CEO Alexandre Dreyfus said that all of the fan tokens on the Socios.com and Chiliz fan token platform have so far sold for $ 250 million. Dreyfus predicts that the market cap of fan tokens and social tokens (social tokens) will grow to $ 10 billion over the next 5 years.

Fan Tokens

Fan Tokens are a form of digital currency that gives owners access to a number of fan-related membership benefits, including voting on club decisions, merchandising design, rewards and other one of a kind VIP and interactive fan experiences in sports clubs and music fan clubs.

Dreyfus emphasized that Fan Token is not a cryptocurrency, but a digital asset:

“You can’t use fan tokens to buy something, you can only own them to get fan benefits.”

Dreyfus still notes that Fan Token has different use cases for fans and traders.

“Fans will hodln, dealers will act.”

According to Dreyfus, sources like CoinMarketCap and CoinGecko don’t accurately reflect the starting price of fan tokens issued by Socios.com, which is typically around $ 2 per token. As a result, according to CMC and CoinGecko, CITY was initially valued at $ 2 instead of $ 10.

“You can’t see it on CoinMarketCap,” noted Dreyfus, adding that sources like CoinMarketCap and CoinGecko don’t use the asking price for fan tokens, just the list price.

Changing the Game: Binance Launchpool Announces More Fan Tokens To Come | Binance Blog

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