Cryptocurrency attributes
Other attributes
Levante U.D. Fan Token (LEV) is a cryptocurrency . Levante U.D. Fan Token has a current supply of 2,000,000 with 100,000 in circulation.
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 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.
The Valencian club, currently 12th in LaLiga Santander, will launch its Fan Token $LEV on the blockchain-based fan engagement app Socios.com in the coming months.
$LEV will allow Levante UD fans to have a say and a vote in some of the club’s key decisions by voting in polls, access VIP rewards, exclusive club and sponsor promotions, AR-enabled features, chat forums, games, competitions and more.
Levante UD is the third LaLiga club to join Socios.com after FC Barcelona and Atletico de Madrid, joining a list of over 25 global sporting brands including football giants Paris Saint-Germain, Manchester City, Juventus, AC Milan, AS Roma and Galatasaray.
LaLiga’s Levante UD, in partnership with fintech blockchain providers for the sports and entertainment industry Chiliz, have announced plans to launch a $LEV Fan Token on fan engagement and rewards platform Socios.com in the coming months.
Fan Tokens are collectible digital assets, minted on the Chiliz blockchain, that provide owners with access to voting rights in polls, VIP rewards, exclusive club and sponsor promotions, AR-enabled features, chat forums, games and competitions on Chiliz’ fan engagement and rewards mobile app Socios.com.
