Fans can buy or sell sport currencies on the Binance Fan Token Platform, the official fan engagement platform of Binance, or the Binance exchange.
The crypto world is inspiring a new breed of fans. Learn more about the relationship between sports and crypto, why sport currencies are trending and how to buy them.
Sport currencies, commonly known as Fan Tokens, are digital assets transforming the future of sports and the fan experience. These tokens allow supporters to create a closer bond with their favorite teams and clubs, from choosing the entrance music to next year’s jersey color. Plus, sports teams can utilize sport currencies to reward day-one supporters, introduce new fans and connect with audiences from different regions.
Football clubs are already making waves in this industry, with top-flight teams like BWT Alpine F1® Team, S.S. Lazio, Santos FC and FC Porto launching their branded fan tokens on Binance Fan Token Platform, the official fan engagement hub of Binance.
Keep reading to learn more about sport currencies, the different use cases, the most popular sport currencies and how you can get involved.
What Are Sport Currencies?
Sport currencies are utility tokens that allow sports teams, clubs and leagues, and even music fan groups to better connect with their supporters worldwide. Token holders can enjoy exclusive benefits like early-bird tickets, special merch and voting rights on certain decisions exclusively reserved for the fan community.
On the Binance Fan Token Platform, we’ve invited large-following sports clubs like FC Porto and look forward to empowering fans and providing a more interactive community experience beyond traditional sports teams, be it a singer, celebrity, influencer or an esports organization.
How Can Sport Currencies Be Used?
Fans love nothing more than riding along their team’s journey. With sport currencies being in the form of fan tokens, spectators are transformed into active participants of a sports ecosystem—from passive fans to engaged fans. Here are some different ways fans can use sport currencies to connect with their favorite teams:
1. Fan Voting Polls
Clubs or teams associated with a Binance Fan Token can hold Fan Voting Polls, where token holders participate and vote on decisions such as team merch design or charity events.
2. Binance Player of The Month (POTM)
Fans can now support their favorite teams in brand new ways on the Binance Fan Token Platform. These voting polls differ from the standard Binance Fan Voting Polls by allowing fans to vote for their favorite players of the month. Fans can also win exciting prizes from featured teams by participating in the polls.
Learn how to participate in the Binance Player of the Month (POTM) Voting Polls here.
3. NFTs, NFT PowerStation and Mystery Boxes
Use your Binance Fan Tokens to purchase exclusive team NFTs and Mystery Boxes which contain NFTs of different rarity levels. Plus, users can also charge up supported NFTs on the NFT PowerStation to claim bonus token rewards.
4. Fan Badges (Coming soon!)
Teams on Binance Fan Token plan to reward fan engagement with Fan Badges. Holders who collect enough Fan Badges can potentially win once-in-a-lifetime experiences with the club or brand.
What Are The Most Popular Sport Currencies?
Sport currencies are growing in popularity as it continues to be adopted by sports clubs and brands who wish to empower new levels of the fan experience. Below, we’ve listed the popular sport currencies you can consider adding to your portfolio, available on the Binance exchange:
Paris Saint-Germain Fan Token ( PSG), at a price of $18.24 and $56.68 million market cap
Manchester City Fan Token ( CITY), at a price of $11.69 and $41.01 million market cap
FC Porto Fan Token ( PORTO), at a price of $4.02 and $31.35 million market cap
S.S. Lazio Fan Token ( LAZIO), at a price of $3.62 and $31.13 million market cap
FC Barcelona Fan Token ( BAR), at a price of $6.67 and $23.69 million market cap
AC Milan Fan Token ( ACM), at a price of $4.78 and $15.01 million market cap
Santos FC Fan Token ( SANTOS), at a price of $2.89 and $13.14 million market cap
Atlético de Madrid Fan Token ( ATM), at a price of $5.69 and $11.87 million market cap
Juventus Fan Token ( JUV), at a price of $6.84 and $9 million market cap
AS Roma Fan Token ( ASR), at a price of $3.29 and $7.02 million market cap
*The prices of the sport currencies are based on the opening price of 15 February 2022 on Binance exchange.
\* This list is ranked according to market cap of 15 February 2022 and does not constitute a recommendation or endorsement by Binance to buy or sell any sport currencies.
How to Buy Sports Currencies or Binance Fan Tokens
If you’re looking to purchase sport currencies, you can get started in minutes on the Binance exchange or the Binance Fan Token Platform, where we launch new projects on a regular basis.
Here are two ways to buy sport currencies:
Option 1: Purchase BNB and join the next Binance Fan Token Launchpad or Launchpool to get first dibs on the token offering.
Option 2: Purchase your preferred sports currency or Binance Fan Token via fiat deposit or credit/debit card.
Both options can be completed in just a few steps using fiat currency. Follow our step-by-step guide below:
Step 1: Make a fiat deposit via an e-wallet transfer or bank transfer on Binance. Be sure to check the available fiat channels for your desired currency.
Optional: Convert your fiat to BUSD or USDT so that you can trade a wider variety of sport currencies or Binance Fan Tokens.
Step 2: Purchase BNB for your preferred Binance Fan Token or sports currency through a user wallet purchase or directly with credit/debit card.
For a more in-depth guide, read here. To learn more about the Binance Fan Token Platform, read here.
How to Sell Sport Currencies & Directly Withdraw to Credit/Debit Card?
For fans looking to cash out sport currencies, you can do so by selling on Binance and withdrawing to your credit/debit card.
Step 1: Select the sport currencies you want to sell, the fiat currency and the amount you would like to sell.
Step 2: Confirm the credit/debit card you would like to sell to and continue. After you’ve confirmed your payment method or card, proceed to confirm and complete your sell order.
Please note: We currently support Visa credit/debit cards only.
Read here for a more detailed guide on cashing out sport currencies to your credit card.
Conclusion
Sport currencies are creating exclusive fan communities, where holders play an active role in contributing to their teams’ activities and decisions. Binance Fan Tokens go beyond being a sport currency—they empower the future of fandom, enabling fans to interact with their favorite teams.
Fan Tokens as a form of sport currencies brings the world of sports together with the blockchain technology, offering massive opportunities and excitement for the sporting world. However, it’s also important that users always DYOR before purchasing or investing in any Fan Tokens.
Ready to buy cryptocurrencies? Start your crypto adventure with Binance
Start by registering for a Binance.com account or download the Binance crypto trading app. Next, verify your account. Once you’ve verified your account, there are three main ways to buy cryptocurrencies on Binance using cash: you can buy crypto with cash on Binance via bank transfer, card channels or e-wallets options.
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Disclaimer: Cryptocurrency investment is subject to high market risk. Binance is not responsible for any of your trading losses. The opinions and statements made above should not be considered financial advice.
Read the following helpful articles for more information:
(Academy) What Are Binance Fan Tokens?
(Support) Binance Fan Token Beginner Guide
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