It is no longer news that cryptocurrency and blockchain can be applicable in all works of life. As long as any system involves finance and money then, cryptocurrency and blockchain technology can be relevant in such space. One important sector that is recently waking up to the possibilities of cryptocurrency is the world of football. I know you if other sports communities like basketball, hockey and the likes have adopted cryptocurrency yet but it will be a good plus to have these huge communities adopting the technology.
Of recent, we have seen an increase in the adoption of cryptocurrency in the football community. A few players have been signed completely using crypto, some players have asked to be paid in crypto while some professional teams have entered into partnership with crypto projects. Most interestingly, some football teams have created their unique fan tokens and of recent, we have noticed an increase in the number of fan tokens.
Fan Tokens are digital assets that represent your ownership of a voting right and give you access to earn unique club-specific rewards and experiences. Fan Tokens are fungible, meaning that like other cryptocurrencies, they can be exchanged for other ‘goods’, such as VIP experiences, exclusive merchandise, tickets etc.
Firstly, it was Juventus and Paris st Germain that did set the ball rolling as per creation of fan tokens. This resulted in the JUV and PSG coins currently trading on top exchanges like Binance and this happened in December 2020. As of March 2021, there are four fan tokens trading on Binance exchange including AC Milan fan token (ACM) and AS Roma fan token (ASR). Juventus is a top team in the Italian Serie A and they have won the most domestic league trophy. Similarly, AS Roma and AC Milan are both top teams in the same league while Paris St Germain is a German team making strides in the German Bundesliga.
Juventus Fan Token
Juventus Fan Token price today (March 6) is $9.27 with a 24-hour trading volume of $1,417,783. Noteworthy is that JUV has a circulating supply of 0 JUV coins and a maximum supply of 20 Million JUV coins. Binance is the current most active market trading it. Interestingly, JUV coin has an all-time high of $37 and this was in December, 2020.
PSG Fan Token
Paris Saint-Germain Fan Token price today (March 6) is $9.47 with a 24-hour trading volume of $1,769,833. PSG coin has a circulating supply of 0 PSG coins and a total supply of 20 Million. Binance is the current most active market trading it having both BTC and USDT pairs. It has an all-time high of $42.
AS Roma Fan Token
AS Roma Fan Token price today is $6.43 with a 24-hour trading volume of $1,863,233. ASR price is up 2.3% in the last 24 hours. It has a circulating supply of 0 ASR coins and a maximum supply of 10 Million. Paribu is the current most active market trading it. ASR is also trading on Binance and has an all-time high of approximately $26.
AC Milan Fan Token
AC Milan Fan Token price today is $10.64 with a 24-hour trading volume of $3,415,056. ACM price is down -1.0% in the last 24 hours. It has a circulating supply of 0 ACM coins and a maximum supply of 20 Million. Paribu is the current most active market trading it with an all-time of $23 according to coingecko.
In terms of trading and adoption, these fan tokens are doing well and if you ask me, they are all in the accumulation stages. Did you notice that they all have 0 circulating supply? Away from that, England premier league teams are yet to launch their fan tokens and when they do, it is going to be huge. The adoption is getting high and it's a pointer to the fact that the future is crypto.