Binance to bring fans closer to sports teams with fan token platform

Crypto change Binance has launched a brand new replace to its fan token platform that focuses on serving to sports activities groups have interaction with their followers by providing varied rewards to tokenholders. 

In an announcement despatched to Cointelegraph, the crypto change stated that its fan membership program will now let followers collect factors they will change for rewards, together with tickets to video games, entry to satisfy and greets, video clips from their favourite gamers and participation in unique dinners with the athletes.

Fan from Binance Fan Token program at a meet and greet with Luka Romero from Lazio (Italy). Supply: Binance

Members can acquire factors by taking part in fan token actions like voting in polls or finishing different duties. Having a better stage of participation will permit followers to have entry to higher rewards. 

Lisa He, head of NFT and fan tokens at Binance, argued that fan tokens are the way forward for fan engagement. The manager identified that this system can deliver followers nearer to their favourite groups by way of dinners with their favourite gamers or perhaps a stadium tour. He defined that: 

“Fan tokens permit sports activities followers to really feel extra linked to their favourite sports activities groups by permitting them to have entry to unique provides and have a voice in group selections for the membership.“

As well as, He additionally stated that their group believes that fan tokens are the “way forward for fan engagement, the place golf equipment and their followers can really feel nearer to one another and have a two manner relationship.“ 

In keeping with Binance, the platform has been very profitable, serving to varied golf equipment like Santos FC, Porto and SS Lazio have interaction with 1000’s of taking part followers throughout the platform.

Associated: Binance to assist BUSD whereas exploring non-USD stablecoins, CZ says

Binance has been constantly attempting to hyperlink sports activities with the Web3 house. On June 23, 2022, the crypto change partnered with famend soccer participant Cristiano Ronaldo to assist him join together with his followers by way of nonfungible tokens (NFTs). Holders of the NFTs can have unique alternatives to attach and have interaction with the soccer celebrity.

On July 28, Binance additionally jumped into NFT ticketing proper after the fiasco brought on by counterfeit tickets on the UEFA Champions League. The crypto change partnered with SS Lazio to make use of NFT tickets for the membership’s residence matches on the Stadio Olimpico.

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