FIFA World Cup 2022 and Football Fan Token, review by Crypto-Upvotes experts

What to expect from Football Fan Token during FIFA World Cup 2022. Which platforms have joined the sporting event, what happens to the coins of the national teams. And which of the competition-related assets are most attractive for investment

On November 20, the FIFA World Cup in Qatar kicked off and will run until December 18. Cryptocurrency community actively participates in the event. Many platforms are sponsoring it, and cryptocurrency exchanges are adding new fan tokens for football teams and announcing promotions related to the World Cup.

The championship is sponsored by Algorand Blockchain (ALGO), which will continue to help FIFA with developments related to digital assets after this event. World Cup 2022 is also sponsored by Crypto com, a crypto platform. Users of this exchange were able to attend matches and win official paraphernalia.

Crypto exchange Binance launched a promotion for fans called Binance Football Fever 2022. It allows you to win rewards during the Championship by completing tasks. OKX platform launched the OKX Football Festival promotion on the occasion of this event. In which platform users can win participation in NFT airdrop.

Huobi raffled off tickets to the FIFA World Cup 2022 in October, while Poloniex held the “Poloniex FIFA World Cup Carnival” with a prize pool of $100k. Platform MEXC launched a referral program that could win $4.5k, and runs the World Cup NFT Collection, with a pool of $10k and other prizes.

At the same time, a lot of championship-themed tokens and NFT collections have popped up online due to sports hype. Which have unclear tokenomics and unknown developers. If you want to join the digital celebration of football, it is worth carefully studying the history of each project and its financial component.

Fan tokens from football teams

In September, crypto exchanges MEXC, Gate and OKX added tokens for teams from Spain, Brazil, Argentina and Portugal ahead of FIFA World Cup 2022. The first two coins have been issued on the Bitci platform, while the second two support the Socios and Chiliz platforms.

Argentina – Argentine Football Association Fan Token (ARG)

Despite the fact that the championship has just started. And Lionel Messi’s team token has already seen a drop of 24% after Argentina’s loss to Saudi Arabia 1:2.

The result of the match was unexpected, as the Saudi team was considered the outsider in the group. The coin has since recovered slightly in the 24 hours since then, rising 4.2% to $5.61. Argentina’s next game is on November 26, their opponent is Mexico.

Brazil – Brazil National Football Team Fan Token (BFT)

The token had been around $1 at the start of the tournament, but dropped 10% on November 23 and is hovering around $0.69. The first match of the team will be on November 24, the Latin American team will play against Serbian team.

Spain – Spain National Football Team Fan Token (SNFT)

The first game of the Spanish national team will be on November 23. It will be played against Costa Rica. The rate of SNFT token before the match is at $0.35 and shows a daily decline of 2.2%.

Portugal – Portugal National Team Fan Token (POR)

The cryptocurrency POR is worth about $4.92 on November 23 and is up 2.9% per day. The team will play their first match against rivals from Ghana on November 24.

France Fan Token (FRA)

The French team’s first game was on November 22. The French defeated Australia 4-1. The FRA token increased by 147% to $0.0013 during the day. Next game of team will be held on November 26, the opponent will be Denmark.

FAN token function has changed

Although Fan tokens were designed to address utilitarian issues. And to enable loyal fans to become more involved in life for their favourite teams. But today, these coins are not being used in the way the developers intended.

Paradoxically, they were originally intended for purely technical functions. Now fan tokens have instead become a kind of “shares” for clubs, according to our Crypto-Upvotes experts.

Because tokens have become priced not in terms of their value to a fan, but in terms of their success and public reputation. In this regard, the fan-token market has become a totalizator. And it has already been compromised by the ability to manipulate the price regardless of the actual success of teams.

Where to invest?

If you consider the investment component of this segment, first of all, you need to keep an eye on platforms and blockchains. Which ones are placing such tokens, not the fan tokens themselves. For example, it looks more strategic to buy a conventional Chiliz (CHZ) token than a coin from some promising sports club.

CHZ cryptocurrency was released back in the fall of 2018 on Ethereum as a control token for a fan token ecosystem that was being created. And a year later, Chiliz Chain of the Ethereum network was created to reduce commissions. This project brought most of its fan community together under the aegis. They became the first blockchain project to start issuing tokens for sports fans.

Cryptocurrency Shiliz (CHZ) is quoted at $0.183 on November 23. Before the start of World Cup 2022 it was worth $0.26, but by the evening of November 22 it was down to $0.17. For the previous day the coin grew in price by 2.2%.

In addition to Chiliz and its platform, Turkish platform Bitci is gaining momentum. It has already issued tokens for football teams of Brazil, Peru and Spain, Turkish national basketball team and many other sports teams. Which are mostly from Turkey and Spanish-speaking countries.

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Cryptocurrencies up 300,000%. Top 8 coins that rocketed in price lately

Some cryptocurrencies rose in value by more than 1,000 times in the past 30 days. What coins you could earn on, review by Crypto-Upvotes experts

Despite small fluctuations in the prices of leading cryptocurrencies lately. Some of the little-known altcoins have shown significant growth over the past month. It is difficult to foresee such events, but owners of such cryptocurrencies received a significant capital gain due to the increase in prices of these tokens.

One of the coins increased in price by almost 300,000%. And several others showed more than multiple returns. We’ve compiled a list of tokens that have risen significantly in the last 30 days.

Scholarship Coin (SCHO) — 298 857%

SCHO token grew by 298,857% over the month. Back on October 3, its price was about $0.05, and on October 7 it reached $6. The token is traded only on FinexBox, paired with USDT.

The goal of a little-known Scholarship Coin project was to create a scholarship model. In which students would be rewarded depending on their performance at a recognized educational institution. According to the idea of the developers of this project, the system will encourage students from all over the world to perform better.

According to the developers’ plan, SCHO is a Stablecoin that is supposed to be tied to the value of the U.S. dollar. However, as of Oct. 7, the coin’s price remains at $6-7.

APTOS (APT) — 10 000%

Aptos cryptocurrency soared by 10,000% in the first minute after the start of trading in pair with USDT on Binance platform. The token rose from 1 USDT to 100 USDT, but then dropped just as quickly to 7-8 USDT. In a trading pair to the Binance Stablecoin, the token rose to 58 BUSD.

APT token is a cryptocurrency of the new Aptos blockchain launched on October 18. It allows the creation of smart contracts and decentralized applications in Move. This programming language has increased code security and reliability. In addition to Binance, token trading was supported by platforms such as Huobi, Coinbase and FTX.

Cryptocommunity was waiting for the launch of the new token. Therefore, the trading volume of this cryptocurrency reached more than $800 million in the first 6 hours. At the same time, the rate of another coin with the ticker APT – Apricot Finance – rose against this background. This token is not related to the Aptos network. The price of Apricot Finance rose 70% overnight, according to CoinMarketCap.

Brazil National Football Team Fan Token (BFT) — 492%

BFT cryptocurrency showed a 492% growth over the last month. From September 19 to 29, it rose in value from $0.28 to $1.66. On Oct. 19, the token costs $1 and is traded on several crypto exchanges, including and MEXC Global.

BFT is a fan token for Brazil’s national soccer team. Its holders can enjoy benefits such as communicating with the national team on the Bitci Fan Token platform. Or meetings and phone calls with one of the current players or legends of the team. As well as entering the locker room, watching matches in VIP areas and so on.

The growth of Fan Coins often occurs against the backdrop of important sporting events involving the team. Thus, the impact on the prices of these cryptocurrencies can be explained by the matches. Which are taking place this fall in the run-up to the 2022 World Cup finals. Which will take place in November and December in Qatar.

Spain National Football Team Fan Token (SNFT) — 466%

Another fan token, SNFT, has shown significant growth over the past 30 days. As its price rose 466% from Sept. 22 to Sept. 29, from $0.15 to $0.85. And on Oct. 19, the token is worth $0.43 and is also traded on several crypto exchanges, including MEXC Global, and Bitci.

The Spanish soccer team fan token is a BRC-20 standard cryptocurrency. Also with the help of which fans of the team can participate in various promotions and events of the club. And buy NFTs, get fan awards and much more.

Decentralized Social (DESO) — 283%

From September 20 to October 8, the token rose in value from $6 to $23, that is, by 283%.

Decentralized Social (DESO) is a blockchain designed to develop and support decentralized Web 3.0 social networks. Founded in 2019, this network is supported by the DeSo Foundation, a nonprofit organization.

Mdex (MDX) — 266%

The cryptocurrency MDX increased in value by 266% from $0.06 to $0.22 from Oct. 10 to 14. The token is traded primarily on the Mdex platform itself.

MDX is a token of the decentralized cryptocurrency exchange of the same name. It is based on two networks: Huobi Eco-Chain and Ethereum. The token is used in several ways: as collateral for loans, as an asset for lending. And also as rewards in the ecosystem and as a gas fee for all transactions on that platform.

Rich Quack (QUACK) — 253%

Between October 7 and October 13, the price of QUACK token rose 262%. The coin is still worth well under $1. However, its capitalization rose from $40 million to $145 million. QUACK is traded on platforms such as Digifinex, MeXc Global, and LBank.

Rich Quack is a hyper-deflationary token based on the Binance Smart Chain (BSC). Its purpose is to reward holders by “generating profits without friction.” Holders do not need to place the token in a stack. That’s because profits are accrued by smart contracts.

The protocol generates returns with fees of 12% per transaction. 4% of each transaction is distributed to holders. And another 4% is given to the QUACK / BNB liquidity pool. 2% goes to pumping and burning wallets to create an “ever-increasing price floor.” And 2% goes to marketing and the developer’s wallet.

Morpheus Network (MNW) — 234%

MNW token increased in value by 234% from September 28 to October 18. Its price rose from $0.44 to $1.47 during that time. The coin is traded on exchanges such as KuCoin, BKEX, and Uniswap (v3).

Morpheus Network is a platform focused on logistics and supply chain optimization using blockchain technology. The Morpheus project collaborates with companies such as DHL, FedEx, SWIFT, Oracle and China Post, according to project website.

Disclaimer: We do not give financial advice on buying certain cryptocurrencies. This review focuses on cryptocurrencies that have grown recently.

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