Category: Fan Tokens

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Crypto News Fan Tokens

BitPanda Listing Sees PSG Lead Fan Token Pump 124% Overnight

The listing of French football superpower Paris Saint-Germain’s fan token $PSG on BitPanda and Socios gives fans the power to vote on club decisions and access VIP events, leading to the token surging 124 percent overnight.

BitPanda Announces Listing of Seven Socios Fan Tokens

$PSG has grabbed the limelight this week supported by BitPanda, but movement across the 40 Socios fan tokens has over the past few weeks reflected fan sentiment toward team performance and the club itself. According to data from CoinCecko, PSG has leapfrogged Manchester City Fan Token to top the Fan Token table this week. In seven days, PSG surged 132.5 percent to a market capitalisation of US$33.08 million, with 82 percent of that coming in the past 24 hours.

Other coins listed on BitPanda include Juventus Fan Token, Atletico De Madrid Fan Token, Santos FC Fan Token, FC Porto Fan Token, FC Barcelona Fan Token and Manchester City Fan Token.

PSG Affirms Its Spot in the NFT Market

PSG has affirmed its spot in the NFT market, making multiple deals. Last year PSG signed a deal worth US$35 million with Crypto.com, a significant portion of which was paid in CRO tokens. The PSG Fan Token has seen similarly massive growth, surging 52 percent on the day Lionel Messi departed FC Barcelona to join the French club.

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Crypto News Ethereum Fan Tokens Gas NFTs

Matrix Resurrections NFT Site Crashes Amid Drop, Users Left Fuming

After thousands of fans lined up on November 30 to buy The Matrix Resurrections movie on Nifty, they were left disappointed when the non-fungible token (NFT) marketplace crashed during the sale due to overwhelming demand ahead of the action/sci-fi movie’s release later this month.

Furious Fans Left in Limbo Overnight

Warner Bros announced last month that it would mint a set of 100,000 NFTs of Matrix-inspired avatars at US$50 each on Nifty. In anticipation of the launch, hundreds of thousands of fans were lined up on the marketplace to buy the NFTs, but within just an hour of the site opening, the company had to pause the sale as systems were overloaded.

Sale Restarted But Crashes Again

Nifty briefly restarted the sale but again had to pause it, leaving furious users in limbo overnight. By December 1, more than 330,000 fans were still waiting in the queue to buy the collectibles.

The marketplace conceded that the launch of the Matrix avatars did not go “the way we had hoped it would”, but said on Twitter “even as the queue continues to be paused, we want to assure you all of a few things – we’re very actively working on a solution, along with our partners”.

Demand More Than Nifty Could Handle

The chaos surrounding the launch proved that the initial demand for the Matrix avatars was more than Nifty could handle. However, the marketplace recommended that users still in line to buy the collectibles add their email addresses to the “please notify me when it is my turn” field on the website, “so that you’ll know specifically when you have made it to the front of the line”.

Nifty’s customer-support site added: “Due to such high traffic, there may be a delay with the Matrix Avatar NFTs appearing in your account. Please allow some additional time (up to eight hours) to determine if your NFTs have arrived successfully.”

Naturally, users were not entirely happy with Nifty’s response to the crash:

Nifty responded by saying the company plans “to make it up to fans and give all Nifty’s users who queued yesterday for a Matrix Avatar a free ‘glitch in the Matrix’ NFT”.

On the evening of December 1, Nifty issued a statement and said it had reopened the purchase queue for the Matrix NFTS after completing an audit of its platform. After about an hour, the platform said it had officially sold out.

NFT Madness Causes Pandemonium on Marketplaces

The Matrix NFT sale is not the first launch to have overloaded and crashed a system. In September, Time magazine announced a new collection of NFTs offering “unlimited access” to its website throughout 2023. Within minutes, all 4,676 tokens tied to the digital artworks had sold out. The rush clogged the Ethereum blockchain and consequently sent gas fees through the roof, causing such chaos that buyers spent almost four times as much on transaction fees as they did on the NFTs themselves.

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Crypto Exchange Crypto.com Fan Tokens NFTs Sports

Crypto.com Inks $35M Deal with PSG Football Club with ‘Significant Portion’ Paid in CRO Token

Renowned European football club Paris Saint-Germain has signed a multi-year deal worth up to 30 million euro (US$35 million) with Crypto.com to make the exchange its official cryptocurrency platform partner.

The partnership will be celebrated by the release of exclusive Non-Fungible Tokens (NFTs) on Crypto.com’s native NFT platform.

According to a blog post from Crypto.com, it has partnered with PSG with the exchange paying a large part of the sponsorship in Crypto.com coin (CRO), its native cryptocurrency.

As of September 17, the PSG fan token will be available for purchase by fans on Crypto.com. The token recently surged almost 62 percent after superstar Lionel Messi left Barcelona FC to join Paris Saint-Germain. Messi was reportedly paid up to US$35 million worth of the PSG fan token as part of his “welcome package” to the French club.

Our mission since day one has been to accelerate the world’s transition to cryptocurrency. We do so by finding the best partners in the world, and Paris Saint-Germain is second to none … Between the brand visibility, stadium and team access, and collaborative development of NFTs, I have no doubt we’ll create new and exciting experiences for football fans around the world.

Kris Marszalek, Crypto.com co-founder/CEO

Crypto.com Takes a Shot at Football After Partnering With Other Major Sports

Crypto.com has led the industry in sports partnerships, recently announcing global deals with the UFC, Formula One and Lega Serie A. The exchange became the first crypto platform to partner with an F1 team and an NHL team, and through its new partnership with PSG it aims to bring crypto to the fans.

PSG is the most successful club in French football, with an overall trophy count of 44 including seven of the last nine championships in France’s top professional league.

With this partnership, Paris Saint-Germain demonstrates once more its vision and leadership as a pioneer in areas such as lifestyle, esports and digital. It is an exciting time for cryptocurrency and we cannot wait to work with Crypto.com to bring new experiences to all of the club’s fans.

Marc Armstrong, chief partnerships officer, Paris Saint-Germain
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Crypto News Fan Tokens Fantasy Sports NFTs Sorare

Sorare Fantasy Football Partners with Spanish Giants La Liga


In a massive September 9 announcement, the blockchain-based fantasy football project Sorare has officially partnered with Spanish football league La Liga.

The event was streamed live on Twitch where ambassador superstars Samuel Eto’o and Patrick Kluivert were hosts.

They have onboarded all 20 La Liga teams’ player cards onto the platform with notable teams including Barcelona, Real Madrid, and Athletico Madrid. There are now over 200 teams on the platform.

La Liga is one of the best leagues in the world, home to some of the most exciting clubs and footballers on Earth. We are very proud that they have chosen Sorare to enter the world of NFTs. We are looking forward to working together in the years ahead.

CEO Nicolas Julia

This news follows other recent news that users on Sorare grew over 900% since the start of 2021. The growth has been helped by the popularity of Ethereum, which has seen thousands of NFT projects using its blockchain utility framework.

Also read: Sorare Crypto Fantasy Football Trading Cards Game Review

Own Your Game

The Sorare game is very similar to Fantasy Premier League, or Football Manager, but with some slight differences:

  1. You own the players’ cards on the blockchain, which can be traded with other managers worldwide
  2. Your players score points from real life games across 35 leagues and competitions

Check out the Sorare website for more information.

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Blockchain Crypto News Fan Tokens

Messi Paid $35 Million Worth of $PSG Fan Tokens in Transfer Deal

Argentinian football superstar Lionel Messi was paid with the Paris St Germain (PSG) fan token as part of his “welcome package” to the French club. PSG confirmed this on August 12, asserting that the transaction marks the first high-profile signing in football using cryptocurrency. 

New Paris St Germain signing Lionel Messi with PSG president Nasser Al-Khelaifi. Source: Reuters

Messi’s Total Sign-On Fee Up to $35m

The former Barcelona player has signed a two-year contract with the French club, according to media reports, and was paid a “large number” of the $PSG fan token, which was trading at US$40.89 at the time of writing. 

The exact number of $PSG paid to him wasn’t disclosed by the team, but the total sign-on fee is estimated to be around US$29-35 million. Messi hasn’t publicly shown interest in cryptocurrency and so it remains unknown if he will keep the tokens. 

PSG launched its fan token last year via Socios.com as another revenue stream and a medium to boost fan engagement. 

Fully embracing Socios.com and $PSG fan tokens has proved a massive success for the club. We have been able to engage with a new global audience, creating a significant digital revenue stream.

Marc Armstrong, chief partnerships officer, Paris Saint-Germain

Following news of the Messi transfer, the cryptocurrency spiked by over 50 percent, which shows PSG supporters are pleased, to say the least, with the development. The total $PSG token in circulation is currently worth US$118.5 million.

Fan Token Ecosystem is Getting Huge

Cryptocurrency has been gaining massive adoption in the sports industry as a fan token in the past year. Many professional football clubs now have their own native cryptocurrency, including Everton FC,  Barcelona and Manchester City. Known as the $CITY, the Manchester City token was launched in March in partnership with Socios. 

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Coinbase Crypto News Fan Tokens Market Analysis Tokens

PSG Fan Token Surges Over 50% Amid Messi’s Departure From FC Barcelona

Lionel Messi’s departure from Barcelona to a rumoured new destination at Paris Saint-Germain has caused PSG Fan Token to surge almost 62 percent, while its volume ballooned 500 percent.

Argentine Messi, widely acknowledged as the world’s greatest footballer, is reportedly in talks with the French club and is on the verge of signing a contract.

Paris Saint-Germain is a possibility, yes. At the moment nothing is confirmed, I received a lot of calls after the Barcelona statement. We’re talking about it.

Lionel Messi

The PSG fan token ($PSG), listed on the blockchain-led ERC-20 platform of the Ethereum network, is a proof of membership for the Paris-based football club. The token, available for trade in a limited number, also provides holders with the club’s governance rights. 

$PSG, ranked 406th on CoinMarketCap, is trading at US$51.59 with a 24-hour trading volume of US$786 million against its current market cap of $66 million. It has a maximum supply of 20 million tokens, with 100 per cent of coins currently in circulation.

Price Still Up 20 Percent After Retracement

The price moved from US$29 to over $44 in 24 hours after the Messi news broke. It has since retraced slightly but is still up more than 20 percent.

PSD USDT token price

Messi’s contract with Barcelona expired on June 30, at which time he became a free agent for the club. Although both parties agreed to a five-year contract extension, La Liga’s salary cap rules preclude a renewal.

I gave everything for this club from the first day I arrived to the last. I never imagined having to say goodbye as I didn’t think about it. What’s clear is I did everything possible, and they [Barcelona] couldn’t do it because of La Liga.

Lionel Messi

Multiple sources suggest Messi is moving to France to join former Barcelona teammate Neymar da Silva Santos at Paris Saint-Germain.

Token Set to Break US$100 Barrier

$PSG is expected to break the US$100 mark when Messi officially joins Paris Saint-Germain. Since its release in June 2020, the token has risen over 821 percent and yielded 855 percent returns in the past year.

PSG tokens are available for trade on Binance, Gate.io, Paribu, Upbit and HitBTC. It is exchangeable through Tether (USDT), Binance’s stablecoin (BUSD), Bitcoin (BTC), Chiliz (CHZ) and Trias (TRY).

Last week, it was announced that a Messi-themed NFT collection dubbed “The Messiverse” will be available from August 20 on blockchain platform Ethernity Chain (ERN).

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Crypto Exchange Crypto News Fan Tokens NFTs Regulation Tokens

Thailand Bans Meme Coins, Fan Tokens and NFTs

New regulations for Thai crypto exchanges have been introduced that ban specific digital assets, including meme coins, fan coins, non-fungible tokens (NFTs), and tokens issued by exchanges.

According to a release from the Thailand Securities and Exchange Commission (SEC), new rules have been implemented that will prohibit crypto exchanges in Thailand to offer digital assets that have any of the following characteristics:

  • 1)  Meme token: having no clear objective or substance or underlying, and whose price [is] running on social media trends
  • 2)  Fan token: tokenised by the fame of influencers, such as the Juventus Fan Token (JUV)
  • 3)  Non-fungible token (NFT): a digital creation to declare ownership or grant of right in an object or specific right. It is unique and not interchangeable with digital tokens of the same category and type at the equal amount
  • 4)  Digital tokens which are utilised in a blockchain transaction and issued by digital asset exchanges or related persons

DOGE no exception

There has been no specific mention as to which coins will and won’t be allowed. Meme coins like Dogecoin (DOGE) are likely to be among those prohibited by the ban.

The final item on the list refers to tokens issued by exchanges. This is designed to make it hard for crypto dealers to create tokens they use to trade among themselves, or that their customers can use to make payments for exchanges’ services.

Thai Exchanges “Tokens Must Comply Or Be Delisted”

Additionally, the SEC has called for crypto exchanges to set requirements that token issuers need to meet with their whitepaper and relevant rules; if they can’t comply, the token will be delisted.

The SEC stated that exchanges need to comply with the guidelines prescribed in order to “enhance protection of digital asset traders’ interest”.

The exchanges are required to comply and revise their listing rules in accordance with the Notification within 30 days from the effective date thereof.

Thailand Securities and Exchange Commission press release

Individual Thai investors remain free to use any of the tokens prohibited by the SEC if they wish to, providing they can find someone, or some exchange, willing to handle their trades.

Last year we saw Australian exchanges be forced to delist privacy coins to prevent users performing anonymous transactions.

Crypto: Restrict or Prohibit?

Although Bitcoin is over 10 years old, many countries still do not have declared systems that either restrict, regulate or ban cryptocurrency. Several are still analysing ways to regulate these digital assets. Overall, Bitcoin and crypto in general remain in a legal grey area for much of the world.

This move from the Thailand SEC aims at regulation with the vision of protecting the money of Thai citizens. India had previously indicated it wanted to ban Bitcoin, but has since stated that India would rather regulate it. This is a positive move, considering the millions of dollars India has received in crypto for COVID-19 relief.

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Chiliz Coin Fan Tokens

Buy and Sell Sports Fan Tokens – Socios Desktop App Launches

The beta version of the Socios.com web app is now live where now you can use the main features including buying and selling fan tokens.

You can buy and sell tokens directly using the platform.

The fan tokens can be swapped with CHZ tokens directly.

You can manage your CHZ from the Wallets tab.

You can trade the tokens between different sports and teams.

Have your say by voting on your favourite sports teams activities.

Participate directly in the pre-sale token offerings (lockers).

Read more about the platform in our Chiliz Token review.

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Crypto News Fan Tokens

$UFC Fan Tokens Set To Launch on Chilliz Blockchain

UFC Fan Tokens Set To Launch on Chilliz Blockchain

The world’s biggest mixed martial arts organization, Ultimate Fighting Championship (UFC) has officially announced its launch for a UFC fan token, in partnership with Chiliz.

UFC considers the creations of its fan token as one of the ways to connect and boost engagement with global fans.

$UFC Fan Token Set to Launch in June

The UFC Fan Token will be launched in June on Socios, a fan engagement and rewards mobile app which is co-founded with Chiliz. The token will be developed on the Chiliz blockchain, and only 20 million of $UFC Fan Token will ever exist.

We are continually looking for ways to increase engagement with our fans. […] UFC has more than 625 million fans around the world, and Fan Tokens are a unique way to connect with them through a compelling, authentic product that brings them closer to UFC and gives them influence, while also rewarding their passion for the sport.

Tracey Bleczinski, one of the officials at UFC, commented.

As with other fan tokens, holders of $UFC will be able to access some of the exclusive contents offered by UFC, including VIP rewards and fan voting opportunities.

The Fan Token Ecosystem is Growing Rapidly

Chiliz has seen immense growth in its fan token ecosystem. The growing network of Chiliz led to about a 7,000 percent increase in the price of Chiliz (CHZ) within three months.

It’s interesting to note that the sole purpose of increasing fans’ engagement is resulting in more adoption of cryptocurrency in the sports industry. UFC only adds to the list of major sports entities to launch a digital currency. In March, Crypto News Australia reported that Manchester City has also launched its fan token dubbed $CITY.

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Fan Tokens NFTs Sports Tokens

Manchester City Officially Joins Socios, As $CITY Token Adds To The CHZ Sports Fan Token Ecosystem

English Premier League leaders Manchester City officially announced partnership with Socios Fan Token App on Friday 19th March.

The Manchester City digital fan token is called $CITY and will allow supporters around the world access to VIP rewards, club promotions, games as well as augmented reality-enabled features.

The announcement follows other big soccer club names that have already joined such as Juventus ($JUV), Paris-saint Germain ($PSG) and Barcelona ($BAR).

The Socios App is powered by the Chiliz Token (CHZ) which has already mooned 7,000% in the past 3 months.

“We are excited to launch the new Manchester City Fan Token, which will provide another opportunity for our fans all over the world to get even closer to the Club they love. Fans will have access to fantastic competitions and VIP experiences and be able to vote on Club initiatives.

Manchester City Blog Announcement

The Manchester City Fan Token is available to purchase via the Socios.com app. Registered Cityzens will receive an offer to claim their free token through a voucher code in due course.