Earn Money Playing Games

Socios.com launches $Arg Fan Token Offering (FTO) from the Argentina soccer team

The Argentine Soccer Team launched the $Arg fan token through a Fan Token Offering on the Socios.com platform. The sale of 600,000 $ARG tokens sold out in just 3 hours after the sale started, causing the platform to crash due to high demand. The initial listing of the token was launched at a cost of USD$2 per unit. Chilliz Token went up more than 50%.

The announcement of the $ARG Fan Token launch was made directly from the official Twitter of Socios.com and the Argentine National Team on June 11th, 2021.

The launch of the token had an initial cost of US$2 per unit, in the first 400,000 units. After this first pre-sale, the price would be established according to the supply and demand of the market. The number of tokens was limited to a maximum of 250 per person, in this first presale. The total of tokens sold was 600,000.

Read More:  Iranian Miners approached by the Government to stop cryptocurrency mining.

At the time of the witting of this article, the price of the token reached the

Those users who could not acquire the tokens at the launch will be able to enter the Socios.com trading platform, which is available in the platform’s app, to try to acquire it.

This token aims to monetize the loyalty of the albiceleste fan base, allowing them to access promotions, exclusive discounts, and even participate in internal voting. Among these features, fans can choose the slogan of the team that will be stamped on the plane and the bus that will take the Argentine National Team to Brazil to the next Copa América 2021.

With the launch, Argentina becomes the first soccer team to own a fan token and joins teams such as Manchester City, Barcelona FC, AC Milan, Juventus, and Paris Saint-Germain.

Socios.com a platform to monetize fan loyalty

Socios.com is a company dedicated to the monetization of brands through the creation and distribution and commercialization of personalized tokens. The Token that powers the Socios platform is called Chiliz and works on top of the Ethereum blockchain

Read More:  What Is The App Socios.com And The Great Chilliz (CHZ)?

All the tokens that Socios.com generates for different brands or companies, such as UFC, belong directly to the Ethereum network and can be deposited in wallets compatible with this cryptocurrency such as MetaMask or Trust Wallet.

Users who wish to trade tokens, either with pre-sales purchases or directly in the trading section of Socios.com, must-own CHZ tokens since this is the platform’s payment currency.

Chilliz Token went up more than 50% with the launch of $ARG Token

The Chiliz (CHZ) token that supplies the platform Socios.com — shot 50% in the last 24 hours, from US$0.23 to US$0.35 this Friday morning 11th 2021, according to CoinMarketCap data.

The Argentine Soccer Team launched its own fan token through a Fan Token Offering on the Socios.com platform. The sale of 600,000 $ARG tokens sold out in just 3 hours after the sale started, causing the platform to crash due to high demand. The initial listing of the token was launched at a cost of USD$2 per unit. Chilliz Token went up more than 50%.
Socios.com launches $Arg Fan Token Offering (FTO) from the Argentina soccer team 2

Despite the daily high, CHZ is still far from its historic high of US$0.77 recorded on April 16th, 2021.

For the year, however, cryptocurrency is still on the rise. Between the 1st of January, when it was worth US$0.022, until this Friday the CHZ registers gains of 1,490%.

Part of this year’s growth is due to new investment announcements and the expansion of the project to other countries, such as the United States and Brazil.

Chiliz has also been involved in sports other than football. In early May, for example, the company announced the creation of the Ultimate Fighting Championship (UFC) token, the largest MMA league in the world.

Last month, the project also formalized a partnership with the formula 1 team Aston Martin and Red Bull. The project also has formalized a partnership with Nascar.


Follow us on Facebook, Twitter, Instagram, and Telegram, and don’t miss any crypto news.


Disclaimer:

The information expressed in this article is solely those of the author and do not necessarily reflect the vies of CryptoDeFinance.  Each and every investment and trading move involves high risk. You should always conduct your own research when making a decision in crypto investment.
Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on tumblr
Share on telegram
Share on whatsapp

Bruno Marques

Hi! I am the CEO/Founder of Crypto DeFinance, and I am an Enthusiast crypto investor. I started this project so we can provide you with carefully curated news. If you like us and our news, share the posts and comment. Your visit and interaction is very important to us.
Subscribe
Notify of
1 Comentário
Inline Feedbacks
View all comments
1
0
Would love your thoughts, please comment.x
()
x
Earn Money Playing Games
Don't Miss The Latest Crypto News! Subscribe Now