Paysandu Joins Flamengo, S.C. Corinthians & São Paulo FC In Football Fan Token Release | Will Launch On Lunes FAARO Platform

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Campeonato Brasileiro Série C club Paysandu closed an agreement with Lunes/Faaro to launch Fan Tokens through the company’s platform. Fan Tokens have grown in popularity with Brazilian football clubs over the past year. Just last month, Sport Club Internacional launched their $SACI Fan Token on the app.

Paysandu’s Fan Token release aims to facilitate engagement with the club’s fan base, who will be able to actively participate in important decisions of the Boogeyman, in addition to helping with finances.

The blockchain service for this project will be from Lunes, a Brazilian company with proprietary technology.

LEARN MORE: McLaren to launch Fan Tokens with

According to Paysandu’s announcement, the partner company expects that the trading of tokens will generate millions of reais in sales for the football club.

There will be options for different classes of tokens and fans will have access to integrated services, in addition to competing for official products.

What are Fan Tokens?

Fan Tokens are digital assets (cryptocurrency or digital money) issued in partnership between sports clubs or leagues and technology companies.

Fan Tokens allow fans to get closer to the clubs and players they support. Token holders can participate in surveys and events exclusive to their club or sports entity. The most engaged will receive one of a kind rewards such as VIP attendance at events, meeting club players, autographed materials, NFTs, gamification features and much more.

READ MORE: Meet the Celta Fan Token of Celta de Vigo from Spain

Fan Tokens are limited in number and fungible , which means it can be traded and its price is determined by the market.

Holders of Fan Tokens have the possibility to sell their tokens on cryptocurrency exchanges or keep them in their digital wallet to obtain the right to vote and interact on fan engagement platforms.

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