1648089867
In this post, you'll learn What Is a Cryptocurrency Fan Tokens & How Do They Work?
As the world continues to digitize, and different sectors and industries become more reliant on technology, they begin to look at the next generation of digital technology. Within the sporting realm, digitalization has been directly felt with the emergence and rapid growth of e-Sports, but even traditional sports are getting online more.
The ability to leverage digital and new technologies is allowing sports teams, and the accompanying businesses, to engage and monetize their fan base further. Sports teams are also realizing that the need for secondary revenue streams has never been more important. It is through the digitalisation of fan experience and engagement that this can be met. As the world becomes more digitized, so the consumers also look for more digital solutions — and sports fans are no different.
Blockchain Fan Tokens are one such wave sweeping the sports world. They have already started gaining traction at some of the world’s biggest sports teams; UFC, FC Barcelona, Juventus and PSG are just a few examples of major teams and organisations already reaping the benefits of blockchain fan tokens.
Fan tokens are cryptocurrencies that permit their holders to access a variety of fan-related membership perks like voting on club decisions, rewards, merchandise designs and unique experiences. They can be used by sports clubs, music fan clubs and other organizations to democratize and organize experiences, establish club leadership and more.
Unlike NFTs, fan tokens are completely “fungible” or interchangeable. This means that, just like fiat or cash, the tokens can be exchanged for sports club merchandise, VIP experiences and more. Additionally, they play an important role in tightening the club community with another team-branded piece of fandom.
Fan tokens are cryptocurrencies that aren’t necessarily backed by underlying value principles of Bitcoin or Ethereum. They receive their worth from how much fans value being able to participate in the club and earn unique benefits.
So, what is a fan token? The term ‘fan token’ is quite explanatory as it refers to a token, which can represent value and ownership, that a fan of a specific sports team, owns and gains value from. From this simple explanation, there is a broad spectrum of uses and benefits.
These tokens are finite digital assets that can be bought, sold or exchanged by fans to create a team-based economy. They can also then work as a currency and be interchangeable for merchandise, collectables or exclusive interactions.
For the user of these fan tokens, there is no confusing blockchain or cryptocurrency interface to worry about as they are as basic as points on a mobile app that can be topped up or awarded. It is the back end that holds the powerful technology that never needs to interact with the fans.
In a blockchain sense, there are utility tokens, and there are security tokens. The Fan Token is usually a utility token and this again gives a hint at what these tokens can offer — utility. Tokens created on a blockchain can be programmed to have many different uses for the fans and can offer exciting benefits and bonuses not possible elsewhere.
Other than just the monetization of these tokens for use in a fan token economy, the blockchain aspect of these tokens means they can be used for non-critical voting and other levels of engagement.
But there are benefits and utilities too that are currently unmatched without blockchain technology in sports. Most importantly, this new team-based economic ecosystem can turn into a new revenue stream for teams. The creation of these tokens, for instance, can provide a massive capital boost when they are first sold. For example, Barcelona’s fan token sold out, and earned them $1.3 million, in less than two hours.
By offering new forms of engagement with fans, fan tokens are incentivized to be used for buying merchandise, entering competitions, and even voting in polls and other non-critical or collaborative decisions — such as which song is played when a goal is scored.
Why use blockchain?
Tokens are nothing new, and using a traditional token in a sports team setting is quite possible, but the recent boom in these tokens has come off the back of blockchain technology for a very good reason. Blockchain use cases in sports offers an already-made, and programmable, economy through the distributed ledger. Furthermore, the tokens have a vast utility that can be enacted without the need for intermediaries or additional cost and effort.
The token economy and distributed ledger enables the fan tokens to be monetized similarly to Bitcoin, but the utility of the token also means that they can be used for voting rights, fan, sponsorship and ownership engagement as well.
Blockchain is also well regarded for its community and democracy and for this reason, blockchain in the sports industry makes sense. For a sports team and a fan base, this is well suited. Putting forward a fan token for a team emboldens the community spirit and creates a stronger sense of belonging through added engagement.
This visible community spirit and a higher level of engagement can also act as a lightning rod to new fans, and fans from across the globe. It is a new method of engagement for fans that have not got the opportunity or access to be a part of the team, other than through digital engagement. It suddenly becomes a lot more than just attending matches in the given city.
Crypto fan tokens work fairly similarly to a regular cryptocurrency. First, you research the fan token you want to buy, head to a cryptocurrency exchange that lists the token, and make your purchase.
And, like other cryptocurrencies, crypto fan tokens are subject to the whims of the crypto markets. That is, they're volatile and are just as likely to rise as to fall, and there is absolutely no guarantee that you'll end up with any money at all.
Crypto fan tokens mean different things, depending on the project.
The world's largest cryptocurrency fan token site is currently Socios, which enables sports clubs to create cryptocurrencies for their supporters. For example, on Socios, you'll find crypto fan tokens for soccer clubs like Manchester City, Paris St. Germain (PSG), and Juventus, Formula One teams Aston Martin and Alfa Romeo, eSports teams like Heretics and OG, cricket clubs from the Indian Premier League, the New England Patriots, and more.
Indeed, Lionel Messi's PSG signing fee included some of the club's cryptocurrency fan tokens!
Once a user buys crypto fan tokens for their favorite team (or even just as an investment), they gain the chance to vote on various matters at their club. There is no set list of matters applicable to each and every club issuing crypto fan tokens, but some of the options include:
But Socios isn't the only site offering crypto fan tokens for sports clubs. You'll also find crypto fan tokens on Binance, where you can buy crypto fan tokens for three soccer teams at the time of writing.
How to Identify a Fan Token
Fan tokens generally are used as a part of fan clubs and sports clubs. They differ from other cryptos like Ethereum or Chainlink because they don’t solve the same financial or technical problems. In other words, they are more of a fun, rewards-based token.
Should You Buy Crypto Fan Tokens?
As with any cryptocurrency investment, cryptocurrency fan tokens are a risk. A 2021 BBC report found that soccer fans had pumped $300 million into cryptocurrency fan tokens, though some tokens have decreased massively in price since their launch.
Crypto fan tokens for Manchester City (UK) and Lazio (Italy) dropped by 50% and 70%, respectively, though both from relatively high launch prices.
That said, some of the fan tokens have delivered better returns than Bitcoin, with tokens from Inter Milan (Italy) and Trabzonspor (Turkey) offering better gains than Bitcoin throughout 2021.
Furthermore, in many cases, the issuing sports club or team holds onto a large percentage of their tokens, distorting the market. The BBC report found that the top 13 clubs on the Socios platform hold a total of $1.9 billion worth of tokens, yet fans only own $367 million. The clubs issuing the tokens hold massive power over any potential investors, which is something any potential crypto fan owner should consider.
Finally, the rewards for crypto fan tokens linked to sports are limited in their scope. Experts believe that the balance of risk to rewards (i.e., how much you must invest to get a say in the running of the club) is also severely slanted towards the clubs, which effectively incur zero risk.
Fans must purchase CHZ via a crypto exchange in order to acquire fan tokens that exist on the Chiliz network. However, there are fan tokens that exist outside of Chiliz and their Socios.com website.
These tokens are specific to a team or club and are rare digital assets that provide access to an encrypted ledger of voting and membership rights ownership. CHZ tokens can also be used to purchase and trade different fan tokens on Socios.com. Fan tokens can be traded on Chiliz.net – their in-house exchange and trading platform against CHZ.
Some fan tokens are available on popular centralized exchanges, but some may not be certified or large enough to be listed yet. In this case, fan tokens could only be available for trading or swapping on decentralized exchanges (DEX) like PancakeSwap. You will need to have a cryptocurrency to trade for fan tokens on DEXs.
You can currently buy the largest fan token, Chiliz on platforms like: Binance.com, Huobi Global, Coinbase Pro, Bithumb, KuCoin, Chiliz
Read more: What is a Crypto Airdrop | How to Find Them
🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
I hope this post will help you. Don't forget to leave a like, comment and sharing it with others. Thank you!
1647013474
https://www.blog.duomly.com/what-is-blockchain/
If you’re a business owner, you’ve probably heard the term “blockchain” floating around lately. But what is blockchain, exactly? And what does it mean for your business?
In short, blockchain is a distributed database that allows for secure, transparent, and tamper-proof transactions between two or more parties. This transparency and security have caught the attention of businesses and investors alike.
But what does that mean for your business specifically? In this guide, we’ll explore what blockchain is, how it works and what benefits it could offer your business. We’ll also look at some potential applications of blockchain technology in the business world. So whether you’re just starting to learn about blockchain or you’re ready to start implementing it, what you’ll find below is what you need to know.
#blockchain #hyperledger #tech #programming #business #startup #token #tokenization #tokens #crypto #cryptocurrency
1647012761
https://www.blog.duomly.com/what-is-smart-contract/
When most people think about contracts, they think about the mundane paperwork task that needs to be completed for two or more parties to exchange goods or services. However, what if there was a way to streamline this process and make it more efficient? Thanks to blockchain technology and smart contracts, this is now a possibility.
In this guide, you will learn what smart contracts are and how they can benefit your business. You will also learn about the different types of smart contracts that are available and how to create and execute them. So whether you are just starting out in business or looking for ways to improve your current operations, read on for all the information you need.
#solidity #smart #blockchain #hyperledger #crypto #cryptocurrency #cryptocurrencies #business #businesses #token #tokens
1647012167
https://www.blog.duomly.com/nft-development-guide/
If you’re a business owner, you know that staying ahead of the competition is key to success. And to stay ahead, you need to be constantly innovating and evolving your business model. But how do you do that? How can you create something new when everything around you seems so familiar?
One way to develop new ideas is to explore the world of NFT development. NFTs are a relatively new technology, and there are still many possibilities for what they can be used for. So if you’re looking for ways to take your business to the next level, then NFT development may be just what you need.
#blockchain #hyperledger #web3 #nft #business #businesses #token #tokenization #tokens #decentralized #p2p #entrepreneur #entrepreneurs #businesses #startup
1647010829
https://www.blog.duomly.com/web-3-0-development-guide/
It’s been a while since I’ve written anything, but my fingers are itching to get back at it. So I hope you enjoy this article on the Web 3.0 Development Guide for Business Owners!
I’m going to talk about some of the features and benefits of web 3.0 development, including decentralized apps.
With our Web 3.0 Development Guide, your business can now take advantage of these latest advancements in web tech!
#web3 #blockchain #token #tokenization #tokens #decentralized #p2p #entrepreneur #entrepreneurs #businesses #startup
1647004068
https://www.blog.duomly.com/what-is-nft/
In this post, we’ll explore what is NFT – what it is and what it means for business owners.
NFT stands for “Non-Fungible Token” which means that the product can only be used by the purchaser of the product.
It does not mean that you cannot trade your products with other people or sell them to others on a case-by-case basis. It simply ensures that what you are selling will not be traded in any way other than what was agreed upon when purchasing the product.
#blockchain #hyperledger #nft #token #tokenization #tokens #decentralized #p2p #entrepreneur #entrepreneurs #businesses #startup
1646736120
branca.go
is branca token specification implementation for Golang 1.15+.
Features and benefits:
Make sure you have a working Go 1.16+ workspace (instructions), then:
go get pkg.re/essentialkaos/branca.v1
For update to latest stable release, do:
go get -u pkg.re/essentialkaos/branca.v1
package main
import (
"fmt"
"pkg.re/essentialkaos/branca.v1"
)
func main() {
key := "abcd1234abcd1234abcd1234abcd1234"
brc, err := branca.NewBranca([]byte(key))
if err != nil {
fmt.Printf("Error: %v\n", err)
return
}
payload := "MySuperSecretData"
token, err := brc.EncodeToString([]byte(payload))
if err != nil {
fmt.Printf("Error: %v\n", err)
return
}
fmt.Printf("Token: %s\n", token)
}
You can run benchmarks by yourself using make bench
command.
BrancaSuite.BenchmarkBase62Decoding 1000000 1046 ns/op 384 B/op 6 allocs/op
BrancaSuite.BenchmarkBase62Encoding 1000000 1913 ns/op 512 B/op 6 allocs/op
BrancaSuite.BenchmarkBrancaDecoding 5000000 373 ns/op 48 B/op 2 allocs/op
BrancaSuite.BenchmarkBrancaDecodingFromString 1000000 1463 ns/op 432 B/op 8 allocs/op
BrancaSuite.BenchmarkBrancaEncoding 1000000 1677 ns/op 208 B/op 4 allocs/op
BrancaSuite.BenchmarkBrancaEncodingToString 500000 3977 ns/op 720 B/op 10 allocs/op
Branch | Status |
---|---|
master | |
develop |
Author: Essentialkaos
Source Code: https://github.com/essentialkaos/branca
License: MIT License
1640833560
This is a Python binding to the tokeniser Ucto. Tokenisation is one of the first step in almost any Natural Language Processing task, yet it is not always as trivial a task as it appears to be. This binding makes the power of the ucto tokeniser available to Python. Ucto itself is a regular-expression based, extensible, and advanced tokeniser written in C++ (https://languagemachines.github.io/ucto).
$ sudo apt-get cython cython3
(Debian/Ubuntu, may differ for others)$ sudo python setup.py install
(Make sure to use the desired version of python)Advanced note: If the ucto libraries and includes are installed in a non-standard location, you can set environment variables INCLUDE_DIRS and LIBRARY_DIRS to point to them prior to invocation of setup.py install
.
Import and instantiate the Tokenizer
class with a configuration file.
import ucto
configurationfile = "tokconfig-eng"
tokenizer = ucto.Tokenizer(configurationfile)
The configuration files supplied with ucto are named tokconfig-xxx
where xxx
corresponds to a three letter iso-639-3 language code. There is also a tokconfig-generic
one that has no language-specific rules. Alternatively, you can make and supply your own configuration file. Note that for older versions of ucto you may need to provide the absolute path, but the latest versions will find the configurations supplied with ucto automatically. See here for a list of available configuration in the latest version.
The constructor for the Tokenizer
class takes the following keyword arguments:
lowercase
(defaults to False
) -- Lowercase all textuppercase
(defaults to False
) -- Uppercase all textsentenceperlineinput
(defaults to False
) -- Set this to True if each sentence in your input is on one line already and you do not require further sentence boundary detection from ucto.sentenceperlineoutput
(defaults to False
) -- Set this if you want each sentence to be outputted on one line. Has not much effect within the context of Python.paragraphdetection
(defaults to True
) -- Do paragraph detection. Paragraphs are simply delimited by an empty line.quotedetection
(defaults to False
) -- Set this if you want to enable the experimental quote detection, to detect quoted text (enclosed within some sort of single/double quote)debug
(defaults to False
) -- Enable verbose debug outputText is passed to the tokeniser using the process()
method, this method returns the number of tokens rather than the tokens itself. It may be called multiple times in sequence. The tokens themselves will be buffered in the Tokenizer
instance and can be obtained by iterating over it, after which the buffer will be cleared:
#pass the text (a str) (may be called multiple times),
tokenizer.process(text)
#read the tokenised data
for token in tokenizer:
#token is an instance of ucto.Token, serialise to string using str()
print(str(token))
#tokens remember whether they are followed by a space
if token.isendofsentence():
print()
elif not token.nospace():
print(" ",end="")
The process()
method takes a single string (str
), as parameter. The string may contain newlines, and newlines are not necessary sentence bounds unless you instantiated the tokenizer with sentenceperlineinput=True
.
Each token is an instance of ucto.Token
. It can be serialised to string using str()
as shown in the example above.
The following methods are available on ucto.Token
instances: * isendofsentence()
-- Returns a boolean indicating whether this is the last token of a sentence. * nospace()
-- Returns a boolean, if True
there is no space following this token in the original input text. * isnewparagraph()
-- Returns True
if this token is the start of a new paragraph. * isbeginofquote()
* isendofquote()
* tokentype
-- This is an attribute, not a method. It contains the type or class of the token (e.g. a string like WORD, ABBREVIATION, PUNCTUATION, URL, EMAIL, SMILEY, etc..)
In addition to the low-level process()
method, the tokenizer can also read an input file and produce an output file, in the same fashion as ucto itself does when invoked from the command line. This is achieved using the tokenize(inputfilename, outputfilename)
method:
tokenizer.tokenize("input.txt","output.txt")
Input and output files may be either plain text, or in the FoLiA XML format. Upon instantiation of the Tokenizer
class, there are two keyword arguments to indicate this:
xmlinput
or foliainput
-- A boolean that indicates whether the input is FoLiA XML (True
) or plain text (False
). Defaults to False
.xmloutput
or foliaoutput
-- A boolean that indicates whether the input is FoLiA XML (True
) or plain text (False
). Defaults to False
. If this option is enabled, you can set an additional keyword parameter docid
(string) to set the document ID.An example for plain text input and FoLiA output:
tokenizer = ucto.Tokenizer(configurationfile, foliaoutput=True)
tokenizer.tokenize("input.txt", "ucto_output.folia.xml")
FoLiA documents retain all the information ucto can output, unlike the plain text representation. These documents can be read and manipulated from Python using the FoLiaPy library. FoLiA is especially recommended if you intend to further enrich the document with linguistic annotation. A small example of reading ucto's FoLiA output using this library follows, but consult the documentation for more:
import folia.main as folia
doc = folia.Document(file="ucto_output.folia.xml")
for paragraph in doc.paragraphs():
for sentence in paragraph.sentence():
for word in sentence.words()
print(word.text(), end="")
if word.space:
print(" ", end="")
print()
print()
Run and inspect example.py
Download Details:
Author: proycon
Source Code: https://github.com/proycon/python-ucto
License:
1640766600
Nowadays, a lot of projects are popping up within the blockchain industry, claiming to be the next big innovation that will change the world. In reality, only a minority is really disruptive. Because of the innovative character of this technology, the number of used cases is unlimited: tracking ownership, the provenance of documents, supply chain management, insurance, and so on.
In this video, I’ll introduce you to an important concept of tokenomics, or token economics. This new paradigm is shaking the traditional economy, but it includes many challenges. I’ll underline its key concepts, and its main pain points to keep in mind during the creation of a new token ecosystem.
Video Walkthrough,
0:00 Introduction
0:13 What is Tokenomics Explained
1:14 What is Token in Blockchain
2:07 Token vs Cryptocurrency Explained
2:33 Types of Crypto Tokens
2:29 Layer 1 vs Layer 2 Token
4:09 Original Chain vs Forked Chain | Blockchain Forking
4:43 Utility vs Security Token
5:55 Fungible vs Non fungible Token
7:19 What makes Crypto Tokenomics So Different
8:02 Applications of Token Economics Explained
9:45 Investor's Take on Tokenomics Crypto
10:45 Conclusion
1635492176
Axie Infinity is a type of battling game and trading, which can be fractionally owned and managed by players and it can be functioning on a blockchain network, It was inspired by the popular game pokemon like that it allows users to collect, breed and trade tokenized battle creatures which were called Axies (Game Character) Its native cryptocurrency is an ERC-20 token called Axie Infinity Shard (AXS).
Axie Infinity Clone is embedded with features and functions of the NFT Gaming Platform like Axie Infinity. This Axie Infinity Clone can also be built on Binance Smart chain, EOS as well as TRON as per your requirements that helps you to launch your own NFT Gaming Platform like Axie Infinity to trade non-fungible tokens.
Functionalities In Our Axie Infinity Clone Script:-
· Staking
· Governance
· Payment
· Native Tokens
· Marketplace
· Axie Breeding
· High-Level Security
· Uniqueness
· Scarcity
· Indivisibility
· Transparency
· Interoperability
· Ownership
Developcoins is one of the best NFT Game Development Company helps to Launch Your NFT Gaming Platform like Axie Infinity Clone Script with 100 % decentralized. We helps to create and developed your non-fungible #tokens on the Top of the Blockchain Platform like Ethereum, Tron, EOS, Binance Smart Chain that suit your Business essentials.
l Technical support
l Skillful blockchain developers
l Multiple token standards
l Increased security
l Quality assessment
l Whitepaper (for your Project)
MORE Visit: https://www.developcoins.com/axie-infinity-clone-script
Book A Free Consultation via
Call/Whatsapp: +91 9843555651
Call/Whatsapp: +91 9843555651
Telegram — https://t.me/Developcoins
Skype — live:Tech Innovate
Email id — sales@developcoins.com
Our Other Clone Script,
Rarible Clone Script
ZedRun — Digital Horse Racing Game
Foundation Clone Script
Original Source : www.developcoins.com
1633469160
In Tatum, we have created an instantly deployable NFT marketplace smart contract that allows you to create fixed-price, peer-to-peer, NFT listings at the blockchain level. Once an NFT is sold, the funds are automatically transferred to the seller, the NFT to the buyer, and the marketplace fee to the marketplace owner.
You can sell NFTs for native assets (i.e. ETH on Ethereum or MATIC on Polygon) or for ERC20 tokens. If you want to sell NFTs for ERC20 tokens, there are a few extra steps you'll need to take, and we'll show you exactly how to do it in this video.
1631947037
Axie Infinity is a type of battling game and trading, which can be fractionally owned and managed by players and it can be functioning on a blockchain network, It was inspired by the popular game pokemon like that it allows users to collect, breed and trade tokenized battle creatures which were called Axies (Game Character) Its native cryptocurrency is an ERC-20 token called Axie Infinity Shard (AXS).
Axie Infinity Clone is embedded with features and functions of the NFT Gaming Platform like Axie Infinity. This Axie Infinity Clone can also be built on Binance Smart chain, EOS as well as TRON as per your requirements that helps you to launch your own NFT Gaming Platform like Axie Infinity to trade non-fungible tokens.
Functionalities In Our Axie Infinity Clone Script:-
We Also Provides clone like,
MORE Visit: https://www.developcoins.com/axie-infinity-clone-script
Book A Free Consultation via #Call/Whatsapp: +91 9843555651
Original Source : www.developcoins.com
1631597649
$JET tokens is delivering 100x with multiple events and program to #earn exclusive rewards and bonuses. #gamejet is up with 1 billion #tokens supply.
Twitter : https://twitter.com/gamejetpro
Register https://gamejet.network/register/JET1625857428
Telegram: https://t.me/GamejetNetwork
#trx #bitcoin #blockchain #defi #Tron
1631253579
$JET #tokens is delivering 100x with multiple events and program to earn exclusive #rewards and bonuses. #GameJet is up with 1 billion #token supply.
Gamejet Network ( #Jet Token )
Registration : 50 $Jet Token
Per Referral: 50 $Jet Token
Total Supply : 1,000,000,000
Trxn Burn : 20%
Presale : 40%
Exchange Listing : 5 Platforms
Register: https://gamejet.network/register/JET1628866273
Telegram:https://t.me/GamejetNetwork
Twitter:https://twitter.com/gamejetpro
#BTC #TRX #ETH #Crypto #Airdrop #Axs #Sxp #NFT