Home / Altcoins / Pow! PFL to Launch Fan Token on Socios.com – Product Release & Updates

Pow! PFL to Launch Fan Token on Socios.com – Product Release & Updates

Pow! PFL to Launch Fan Token on Socios.com

Socios.com revealed that the Professional Fighters League (PFL) is planning on launching a Fan Token on their rewards app.

The Professional Fighters League (PFL), an innovative and fast-growing MMA sports league, believes it’s only ideal that they reward their fans by partnering with Socios.com, a fan rewards and voting app powered by blockchain.

Rewarding PFL fans on Socios.com

By partnering with Socios.com, PFL can easily reward their fans and build stronger connections through the use of Fan Tokens. Fan Tokens offer opportunities that include the right to vote and high chances of earning exclusive rewards on Socios.com.

Speaking about the partnership, the CEO and founder of Socios.com, Alexandre Dreyfus, stated, “We’re excited to partner with the Professional Fighters League, an innovative MMA organization who share in our belief that the fan experience can be elevated through technology.”

He added, “MMA has experienced explosive global growth, and its fanbase is young, passionate and digitally-savvy. We look forward to creating unique engagement opportunities that will continually set the bar for how leagues and teams interact with fans and vice-versa.”

What are the benefits?

Holders of the Fan Token would be eligible to participate in different contests and polls during the regular season, playoffs, and championship of the PFL on Socios.com.

Additionally, they get a chance to award fighter bonuses, although what form such bonuses will take has not been disclosed. Not only that, the holders also have high chances of earning innovative real-life and digital rewards associated with the PFL.

Fans will also benefit from increased engagement on the Socios.com reward app through features like chat, games, and a leaderboard.

The CEO of the PFL, Peter Murray, explained, “As a league at the forefront of technology and innovation, we are committed to pushing the boundaries of fan engagement, providing the 450 million MMA fans worldwide with unprecedented access to the PFL, our fighters, and the action.”

He added, “We’re thrilled to partner with Socios.com as they share in our passion for engaging fans in new and cutting-edge ways. We have seen this come to life through their work with iconic global sports properties like FC Barcelona and Juventus, and we look forward to delivering the same experience to MMA fans.”

More details concerning the launch date, total supply, price, and the name of the PFL Fan Token will soon be released.

About the Fan Tokens

Following the launch of the Socios.com platform and blockchain ventures, a new type of token was created – the Fan Token. The fans of the proposed FTOs team will have to purchase $CHZ via a cryptocurrency exchange to acquire Fan Tokens. ChiliZ ($CHZ) is an ERC20 utility token on the Ethereum blockchain. The token also serves as the digital currency for the ChiliZ and Socios.com platforms.

Notably, these tokens  are finite and specific to a team. They also give access to an encrypted ledger of voting and membership rights ownership.

Accordingly, ownership of the token offers fans the chance to partake in fan-led decisions through a mobile voting platform. The tokens also server as a medium into a secure, exclusive inner circle of fans, with a shared passion for the team.

Additionally, football clubs intend to use Socios.com as part of their fan engagement strategy in building their global fan bases across regions like Asia. This gives the clubs additional revenue streams that are digital, secure, transparent, and engaged with a real fan experience.

Previously, Socios.com revealed plans to carry out four Fan Token Offerings (FTOs). This was revealed by the company’s CEO, Alexandre Dreyfus.

As at time of writing, Chiliz price was $0.00996703 with a 24-hour trading volume of $6,780,707. The token price has dropped by 5% over the last 24 hours. It also has a circulating supply of 5.3 billion coins and a max supply of 8.888 billion coins. At the current time, Binance is the most active market trading it.

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