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2022 FIFA World Cup countdown – which fan tokens are the top-scorers so far?

By Darius McQuaid

14:55, 25 October 2022

A picture taken on 20 October, 2022, shows people walking past the Qatar 2022 FIFA World Cup countdown clock as it nears marking thirty days, in the Qatari capital Doha — The $ARG is the biggest riser out of all the national Fan Tokens – Photo: Getty Images

The national football teams set to take part in the FIFA World Cup Qatar 2022 are seeing the value of their fan token cryptos rise in the run-up to the event.

The FIFA World Cup 2022 will take place from 21 November to 18 December, with 32 national teams competing across 64 matches to determine a winner.

The Argentinian $ARG Fan Token was created after the national team partnered with Chiliz, the global blockchain providers for the sports industry, and unveiled a fan token via fan engagement and reward app, Socios.com.

The $ARG is the biggest riser out of all the national fan tokens and at the time of writing was up by 10.76% to $5.19, according to CoinMarketCap.

The other fan tokens have been issued by Bitci, a crypto trading platform. The Spain National Fan Token (SNFT) was up by 1.91% to $0.4469 and the Brazil National Team Fan Token (BFT) was up by 2.57% to $1.01.

The Peruvian National Football Team Fan Token (FPFT) is also up, even though it is not playing in the World Cup 2022. The FPFT was up by 2.44% to $0.08653, according to CoinMarketCap.

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Crypto.com will be official sponsor of FIFA World Cup 2022

Crypto exchange Crypto.com will be an official sponsor of the FIFA World Cup Qatar 2022.

The crypto platform announced in March that it would be the exclusive trading platform sponsor of Qatar 2022 and will “benefit from significant branding exposure both within and outside the tournament’s stadiums”.

Kay Madati, chief commercial officer (CCO) at FIFA, at the time said: “Crypto.com has already demonstrated a commitment to supporting top-tier teams and leagues, major events and iconic venues across the world, and there is no platform bigger, or with a greater reach and cultural impact, than FIFA’s global platform of football.

“We are delighted to have a global brand like Crypto.com join us as a sponsor of the exciting and groundbreaking FIFA World Cup in Qatar, ultimately helping to grow our beautiful game on a global scale.”

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.

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