Fan Tokens Soar Ahead Of Euro 2020 Opening

Various football club tokens are outpacing the cryptocurrency market this Friday. Positive dynamics emerged on the eve of the start of the European Football Championship.

The largest growth was shown by the ASR token of the Italian “Roma” – it rose by 50% to $ 7.75. At the same time, ASR is still trading 70% below the absolute highs recorded in December. The attention to ASR is probably due to the fact that the championship will open today with the game Turkey – Italy in Rome.

The interest in this match also determined the second leader among fan tokens in the 24-hour period. This is the IBFK club “Istanbul Bashakshehir”. It does, however, only have a trading volume of $ 148,000 versus ASR’s $ 57 million.

The token of Juventus, another club from Italy, gained only 27.5%. Today’s jump has helped almost all tokens in this category return to the green zone after a week’s decline.

Fan tokens are issued on the Socios platform of blockchain startup Chiliz and are positioned as a tool for influencing team decisions, gaining access to VIP rewards and exclusive promotions. Chiliz’s own token (CHZ) was also among the best today, adding 38.3%. The main trading of fan tokens is carried out on the Binance exchange .

The current European Football Championship is already called the most unusual in history. It is designated as the 2020 championship, as it was supposed to take place last year, but was postponed to this one due to the pandemic. In addition, for the first time, matches will be held in 11 cities of 11 countries, including St. Petersburg.

Leave a comment