Best fan tokens: What are the top fan tokens of 2022?
The excitement surrounding cryptocurrencies has been bringing new users to the sector every year. 2021 saw sporting institutions reach out to their supporters in a new way by issuing cryptocurrencies called fan tokens.
Famous clubs like FC Barcelona, Manchester City FC and Arsenal FC have all jumped on the trend and partnered with blockchain firms to issue their own cryptocurrencies, aimed at giving their fans exclusive membership perks.
In this article, we list the top fan tokens by market capitalisation, according to CoinMarketCap. Read on to find out if your favourite sporting team makes the fan tokens list.
What are fan tokens?
Fan tokens are cryptocurrencies aimed at giving sporting fans exclusive membership perks, voting rights on team decisions, merchandise rewards and official non-fungible token (NFT) access. Fan tokens offer sporting teams a different avenue for marketing and brand exposure while giving fans the chance to interact with their clubs in new ways.
How do fan tokens work? They are minted on blockchain networks such as Ethereum and the Binance Smart Chain, and adhere to respective ERC-20 and BEP-20 token standards.
Teams can offer fan token holders the chance to participate in exclusive events, access official club NFTs, sporting merchandise and match day perks. Fan tokens can be traded on crypto exchanges like any other cryptocurrency.
Alpine F1 Team Fan Token (ALPINE)
First on the list of best fan tokens to invest in, according to market cap, is the Alpine F1 Team Fan Token (ALPINE). A Formula One constructor, the team is currently named BWT Alpine F1 Team following a partnership with Austrian water treatment supplier BWT.
It is owned by French automotive company Renault and was formerly named Renault F1 Team. It was rebranded as Alpine F1 Team in 2021 to promote Renault’s Alpine sports car brand.
Two-time F1 champion Fernando Alonso and his French counterpart Esteban Ocon are team drivers for the 2022 FIA Formula 1 World Championship season.
ALPINE is a Binance Smart Chain BEP-20 token launched in February 2022. It is the top fan token by market cap, valued at over $35m at the current price (10 June) of $3.10.
According to the token’s whitepaper, ALPINE allows token holders to participate in team voting polls on the Binance Fan Token platform. It can be used to purchase BWT Alpine F1 Team NFTs, which can in turn be staked to earn fan rewards.
ALPINE token holders have access to engagement events with the Alpine team on the Binance Fan Token Platform and meet-and-greet events with Alpine F1 team drivers.
The token’s maximum supply is capped at 40 million. In all, 11.36 million ALPINE tokens, 28.4% of the total supply, were initially listed on Binance in February 2022. According to ALPINE’s release schedule, 100% of the token’s supply will be released by the end of 2026 – 10% of total ALPINE supply was allocated for Binance Launchpad Sale at $1 a token.
ALPINE/USDT all-time high stands at nearly $19, hit on 21 February 2022, data from Binance showed. The token hit a record low of $1.25 on 12 May 2022. Over the last 90 days, ALPINE has lost over 50% of its value.
Paris Saint-Germain Fan Token (PSG)
Second on the list of top fan tokens investments by market cap is Paris Saint-Germain Football Club, commonly referred to as PSG, a professional football team competing in the top division of the French football league. The Paris-based club is the most successful football team in France and boasts superstar players Lionel Messi, Kylian Mbappe and Neymar.
The PSG fan token was minted on the Ethereum blockchain via the Socios Fan Token Platform. According to its website, the PSG fan token will give fans voting rights to choose the message written on the captain’s armband and the message for the match day. Holders can also vote on highlight awards such as ‘defensive play of the season’, ‘goal of the season’ and ’skill of the season’.
PSG token holders will also get the chance to win rewards that include VIP hospitality at the Parc des Princes stadium, player meet-and-greet events and signed merchandise.
As of 10 June, the PSG fan token was trading at $7.84 and was the 576th largest cryptocurrency by market cap at $24.5m. The token’s all-time high currently stands at $61.23, reached on 10 August 2021, while its record low of $2.77 was on 11 June 2020. The current circulating supply stands at over 3.1 million tokens with a maximum supply of 20 million tokens.
S.S. Lazio Fan Token (LAZIO)
Closing the top three top fan tokens to buy, based on market capitalisation, is the S.S. Lazio Fan Token.
Società Sportiva Lazio, commonly referred to as Lazio, is a professional football team in the top division of the Italian football league. The Rome-based club is known for its traditional sky-blue kit and its rivalry with rival AS Roma, with whom it shares a stadium.
LAZIO is a Binance Smart Chain BEP-20 token launched in October 2021. At the time of writing, 10 June, LAZIO is the 593th largest cryptocurrency, valued at $22.61m.
According to its whitepaper, LAZIO token holders can participate in voting sessions and win digital collectibles. The LAZIO token can also be incorporated into S.S. Lazio’s “potential future e-commerce ecosystem”.
The maximum token supply is 40 million. In all, 8.6 million LAZIO tokens were initially listed on Binance in October 2021 – 4 million tokens were allocated for Binance Launchpad Sale in October 2021 at a price of $1 per LAZIO.
As of 10 June, LAZIO was trading at $2.63. The token hit an all-time high of $35.76 on the day of its launch. Since then, it lost much of its value to hit a record low of $0.9102 on 12 May 2022. LAZIO has fallen over 46% year-to-date (YTD). The majority of the losses have come in the last 90 days, with the football fan token losing about 41% during the period.
Santos FC Fan Token (SANTOS)
A fan crypto from Brazil, number four on the list is the fan token of legendary Brazilian football club Santos.
Santos Futebol Clube was founded in the city of Santos in 1912, when football was still in its infancy in Brazil. Over the century, Santos became one of the most well-known clubs in the world and was a driving force behind Brazil’s global football dominance in the 1950s, 1960s and 1970s.
Pelé, regarded as one of the greatest players of the 20th century, played for Santos. Former Manchester City striker Robinho and current PSG forward Neymar are other notable products of Santos’ famed academy.
Like the ALPINE and PSG fan tokens, the Santos FC Fan Token (SANTOS) is also a Binance Smart Chain-based BEP-20 token. It launched in November 2021 and is currently the 606th biggest cryptocurrency in the world, valued at $21.5m.
SANTOS token holders can participate in the fan engagement-related voting events on Binance Fan Token platform. According to its website, fans currently can vote to choose the warm up song for the next match day and choose a message for Santos’ captain armband.
Additionally, holders can access official NFTs and other digital collectibles using their tokens. SANTOS tokens can also be incorporated into Santos FC’s e-commerce ecosystem to be used for merchandise, matchday tickets and memberships, according to its whitepaper.
The token’s maximum supply is capped at 30 million – 4.55 million tokens, about 15% of the total supply, were initially listed on Binance in November 2021. In all, 5% of total token supply was allocated to Binance Launchpool. 20% for the team, 15% for loyalty subscriptions, 35% for the user fund and 25% for the developer fund.
According to the SANTOS release schedule, 100% of total token supply will be released by the end of 2031.
As of 10 June, SANTOS was currently trading at $4.27. It is the only fan cryptocurrency on the list to have posted gains in 2022, having added 32% to its value at the time of writing.
The token hit an all-time high of $28.6 on 1 December 2021. Its record low stands at $1.21 hit on 12 May 2022.
FC Barcelona Fan Token (BAR)
Closing the list is the FC Barcelona fan token. Futbol Club Barcelona is a professional football team based in Barcelona, Spain, competing in the country’s top-tier football league.
FC Barcelona is one of the most followed football clubs globally.
FC Barcelona fan token (BAR) is minted on the Ethereum blockchain, holders can access their fan reward on the Socios Fan Token Platform. BAR token holders can vote on various decisions, including match day playlists and captain armband messages.
According to BAR token’s official website, 22 holders were chosen to play at a match at FC Barcelona’s official stadium Camp Nou. Token holders also have VIP access on match day and can earn fan rewards.
As of 10 June, BAR fan token was trading at $4.92 and was the 637th largest cryptocurrency at $20.7m. The token has fallen nearly 42% YTD.
The token’s all-time high stands at $79.26, hit on 21 April 2021, while its record low is $2.43, reached on 12 May 2022. At the time of writing (10 June), the circulating supply stands at over 3.95 million tokens with a maximum supply of 40 million tokens.
It is important to note that this article does not constitute financial or investment advice. Before you choose to invest in any fan token, always do your own research. Remember that your decision should be based on your attitude to risk, your expertise in this market, the spread of your portfolio and how comfortable you feel about losing money. There are no guarantees. Cryptocurrencies are volatile. And never invest money that you cannot afford to lose.
FAQs
Are fan tokens a good investment?
Fan tokens are aimed at giving membership perks to sporting fans. However, they can be traded on crypto exchange like any other cryptocurrency. It should be noted that cryptocurrencies are highly volatile assets and are still at a nascent stage.
Only you can decide whether any fan token, or fan tokens in general, are the right investment for you. Always conduct your own research and remember that your decision to trade or invest should depend on your risk tolerance, expertise in the market, portfolio size and goals. Never invest or trade money you cannot afford to lose.
Why have the fan tokens prices been going down?
Difficult macroeconomic conditions brought on by global monetary tigething have pulled down prices of most cryptocurrencies in 2022.
Which fan token is best to invest in?
Which, if any, fan token is a good investment for you will depend on your investment goals and risk profile, among other factors. Cryptocurrencies are highly volatile assets and are still at a nascent stage. Always conduct your own research and remember that your decision to trade or invest should depend on your risk tolerance, expertise in the market, portfolio size and goals. And remember to never invest money you can’t afford to lose.
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