Sint-Truidense Voetbalvereniging Fan Token Price (STV)

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 Sint-Truidense Voetbalvereniging

Koninklijke Sint-Truidense Voetbalvereniging, also known as STVV, is a very history-rich Belgian football Club. Created in 1924, under register number 373, the Limburg Club made its debut in the Belgian's top league in the season '57 - '58. After its best stunt in '65 - '66, winning the league cup and two finals, among other great seasons, the club is now owned by the Japanese company DMM.com Ltd since 2017. With a very international group, the Club hopes to be one of the top Belgian teams in the near future.