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Rachel Welch

08 November 2022 150 Read Altcoins

What Are Fan Tokens?

Fan Tokens are small tokens that fans purchase to give them more access to the governance of their favourite team. These tokens can be used to vote on minor club decisions and to unlock VIP rewards like meet and greets with their favorite players. The more tokens a fan has, the more power they have over the team.

Fan tokens are similar to shares in a corporation, but they give their holders exclusive voting rights to club decisions. This allows them to vote on tech-related issues and club matters. Holders can vote in polls by spending more tokens, but some teams may limit voting rights to those with a certain number of tokens.