Tottenham Hotspur to Launch Fan Token on Chiliz Platform
UK football club Tottenham Hotspur has announced plans to release a fan token named SPURS on the Chiliz platform. The token will be available for purchase at $2 each during a fan token offering on October 4. Holders of the SPURS token will have the opportunity to participate in on-chain voting and gain access to exclusive rewards and experiences.
Ryan Norys, commercial sales director at Tottenham Hotspur, expressed enthusiasm about the new venture, stating that it would provide fans worldwide with a range of club-related benefits. He also highlighted the partnership as a way for the club to generate additional revenue for reinvestment in their football activities.
Joining Other Sporting Teams on Chiliz Platform
Tottenham Hotspur is set to join the ranks of 80 other sporting teams that already have fan tokens on the Chiliz platform. These tokens are built on the Chiliz Chain, which is the project’s own blockchain infrastructure. The platform has reportedly generated over $400 million in revenue for various football teams and leagues.
Hot Take: Expanding Fan Engagement Through Blockchain Technology
The introduction of fan tokens by Tottenham Hotspur reflects an increasing trend among sports clubs to leverage blockchain technology and cryptocurrencies to enhance fan engagement and monetization opportunities. By issuing SPURS tokens, the club aims to provide fans with unique experiences and rewards while generating additional revenue streams.
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