Categories: CryptoTech News

England’s Football Premier League Teams offer fans tokens

West Ham United, whose home ground was the site of the 2012 Olympics, has just announced that it is launching its own token, so enabling its 40 Million fans to vote on club decisions and have access to exclusive offers. West Ham fans will be able to buy tokens, as well as earning them as a form of loyalty scheme and be able to encash them for “a once in a lifetime experience”.

The company behind the West Ham token has already signed up Juventus and Paris St. Germain (PSG), to launch PSGs own cryptocurrency. Meanwhile Cardiff and Newcastle last year were reported to have been looking at issuing a token as a way to raise capital.

The London Football Exchange has launched its own token, designed to build a digital “fan-driven football community,” thus allowing members access to ticketing, merchandise, hospitality and retail services.

It is not just clubs that are getting engaged – Lionel Messi signed an endorsement contract to represent SIRIN LABS, a company that recently launched a Blockchain phone that could store cryptocurrencies. Meanwhile, in Colombia, the footballer James Rodriguez has also launched his own token, JR10, that can be used to buy James’ merchandise.

Brazilian footballer, Ronaldinho, last year announced he, too, was launching a token – the Ronaldinho Soccer Coin (RSC) – although fans are still waiting on the “side lines” for this!! These examples arguably indicate how Blockchain is being seen by the world’s football community as a way to enable greater engagement with football players, clubs and fans.

Cryptocurrencies have now even extended to the transfer market, with a Turkish club, Harunustaspor, being the first football club in the world to pay one of its players part of his signing – on fee in Bitcoin.

https://www.ccn.com/crypto-english-soccer-club-west-ham-blockchain-token

If you would like to receive more Digital Bytes like this email jonny.fry@teamblockchin.net

Jonny Fry

Jonny Fry co-founder and CEO of TeamBlockchain Ltd, is a Blockchain, crypto economics,Digital Assets and funds specialist, with over 25 year’s experience as CEO of an asset management business which he floated in London with over £1Billion under management .His focus has been on the dynamics of financial innovation, advising on Digital Assets, Tokenomics, Crypto funds and is a regular speaker on these topics. He is Non Executive Chairman of Gemini Ltd, a founder of The British Blockchain Frontier Technology Association (BBFTA) and advisor for a number of companies helping them with their strategic growth and managing corporate and reputational risk.

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