Santos FC Fan Token up 25% to $14 – to Buy Now?

Santos FC’s victory against São Paulo yesterday reflected a significant increase in the value of the Santos FC fan token, which rose by more than 100% in the last 7 days to now trade at $14.

 

Santos FC fan token has achieved great success

Santos FC is the biggest team in Vila Belmiro with a huge following.

 

The Santos FC fan token was launched in partnership with Binance to give fans the opportunity to further interact with their sporting icons, and the football team the opportunity to earn more money in a very lucrative way.

 

The current fully diluted market cap of SANTOS has reached a high a few days ago and currently has a fully diluted market cap of over $400 million (although only 15% of the supply is circulating).

 

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Football fan tokens are becoming increasingly popular

Football fans have become increasingly popular in recent years, with many clubs using them to enhance the fan experience, to help fans to interact more, and to provide a platform for education and speculation.

 

Not only this, but when combined with other commercial ventures undertaken by football clubs, they can prove to be very fruitful: the intersection of community, NFT, and P2E gaming is a huge opportunity that many clubs are scrambling to capitalize on.

 

Binance entered into a partnership with Cristiano Ronaldo

Binance have been working on establishing partnerships across all areas of popular culture, and in the last few months entered into a partnership with Cristiano Ronaldo, arguably the most famous football player in the world.

 

With almost 500 million followers on Instagram, Ronaldo isn’t just one of the famous football players in the world, he is one of the most famous people in the world.

 

His brand influence expands across a variety of different industries including clothing, gaming and cologne.

 

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FC Porto goes into the metaverse with Upland

Portugal’s most successful football team, Oporto FC, have also made their entrance into the metaverse with Upland. Upland is quite a unique metaverse in terms of how it is structured, since the land and property that can be purchased there directly mirrors that on Earth.

 

FC Porto have bought their own stadium within the metaverse there that reflects their stadium in the real world. Porto hopes that the more interaction with fans will lead to a more comprehensive experience.

 

Santos FC Fan Token and other football fan tokens’ future value

Fan tokens have the opportunity to completely revolutionise the ways in which communities and followings interact with the things they love.

 

Fan tokens are not just for the brand’s customers, but also for the entire community to actively own and participate in the governance and operations of the company or football team.

 

Everything can be customized, depending on how much the football club wants to decentralize their management. Clubs may choose to allow their audience to make many of the decisions regarding operations, but they are unlikely to do so.

 

What might be more aligned with incentives for the football community would be to give the community the opportunity to vote on kit designs, choose the songs that play when a team scores, and make them eligible for greater discounts on merchandise, among other things.

 

The future value of SANTOS, and the future value of football fan tokens, depends on a number of different factors – most importantly, it depends on the sustainability of the product supply and the degree to which the product supply is vulnerable to exogenous shocks, such as competition or regulation.

 

One thing is for sure, however: a tokenized economy like this one is not going away, and those who speculate correctly will be incredibly rewarded.

 

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