West Ham Goes Crypto: English Soccer Club Launches Fan Token on Blockchain
English Premier League soccer team West Ham United swings to blockchain to dispatch its own token. The "fan token," fueled by Socios.com will enable West Ham's 40 million supporters to vote on club choices and access elite prizes.
The fan token initiative has already been adopted by Juventus and Paris St. Germaine and comes amid an influx of standard blockchain reception. Propelling in time for the 2019/2020 season, fans will most likely purchase, gather, and "chase" for the fan tokens. The more tokens they gather, the more impact they have over club choices. Fans can likewise trade out their tokens for "once-in-a-lifetime encounters."
The West Ham tokens will be issued by blockchain stage Socios.com and tradable against the stage's local digital money ChiliZ (CHZ).
Socios.com portrays itself as "new app for football fans" which gives clients exceptional access to voting rights to their preferred clubs.