Novara Calcio Fan Token Price (NOV)

What are Fan tokens?

Tokens are generally assets that can represent proof of ownership or even membership. As tokens are already being used for a wide range of purposes, many specialized blockchains have been developed with native intent to support tokens, the most common of which is currently Ethereum and their ERC standard tokens. Socios.com is an app primarily for football (soccer) fans, where users acquire voting rights to influence the clubs they support by acquiring club-specific Fan tokens.

How do Fan tokens work?

Chiliz ($CHZ) is an ERC20 utility token on the Ethereum blockchain that serves as the digital currency for the chiliZ and Socios.com platform. In launching their platform, alongside other sports blockchain ventures, a new category of token has emerged — the Fan Token. Once onboard the Socios.com platform, yet to-be-announced club partners host what has been called a Fan Token Offering (FTO). Fans must purchase $CHZ via a cryptocurrency exchange in order to acquire Fan Tokens. These tokens — which are specific to a team or club — are a finite, digital asset that provide access to an encrypted ledger of voting and membership rights ownership.

About Novara Calcio

Novara Calcio Fan Tokens (NOV) are crypto assets that represent your right to vote in polls published by Novara Calcio in the Socios.com app. The more you vote in polls and interact, the more reward points you can earn. Reward points can be redeemed for incredible once-in-a-lifetime experiences, exclusive merchandise, games, leaderboards and more.