The crypto market has generally attracted a lot of innovation. But there are also tokens that are just tossed for that feel-good factor and not really based on intrinsic value. Football tokens fall into this category. They are basically designed to be part of the loyal and passionate fan base we know in soccer. Nonetheless, here are some facts about soccer tokens:
Football Fan Tokens usually don’t have much underlying value and are simply loyalty assets targeting fans.
Some football clubs are also adding the sale of NFT collectibles in addition to Fan Tokens.
These tokens also benefit a lot from the visibility and notoriety associated with these clubs.
Well, in case you are considering getting yourself some Fan Tokens, here are a few options to consider by market cap:
Paris Saint Germain (PSG) supporter token
the Paris Saint-Germain (PSG) supporter token is a fan token for supporters of one of the biggest clubs in France. The coin is available for trading on all major stock exchanges around the world.
Data source: Tradingview.com
At the time of this writing, it was selling for around $ 15.23 with a market cap of $ 48 million. It’s also the biggest fan token by market cap right now, but it’s still very low in the overall crypto market, ranking at 622.
SS Lazio Fan Token (LAZIO)
Lazio are one of the two big clubs based in the Italian capital of Rome. His fan token is surprisingly valuable, considering the club isn’t exactly one of the biggest in the world. Nevertheless, the SS Lazio Fan Token (LAZIO) Currently trading at around $ 4.57, down 13% over the past 7 days. The coin has a market capitalization of approximately $ 40 million.
You don’t have to be a fan of these clubs to purchase these tokens. But since they don’t have a lot of intrinsic value, they can be very risky.