Subscriber Coma+ Posted July 26, 2021 Subscriber Share Posted July 26, 2021 Has anyone seen this? Valencia and Inter are both on board. Socios.com launch $VCF Fan Tokens On July 27th at 13:00 CEST $VCF Fan Tokens will go on sale on the Socios.com app Last June, Valencia CF became the first team to display its own Fan Tokens on the front of its jersey after reaching a partnership agreement with Chiliz, the creators of Fan Tokens and the Socios.com fan engagement platform, as the club’s Official Fan Token Partner. Starting next Tuesday, July 27th at 13:00h CEST, Valencia CF fans will be able to purchase $VCF Fan Tokens through the Socios.com app. To do so, they have to download the app and register with a username and email address. Once their account is verified, they will be able to top up their digital wallet and purchase Chiliz ($CHZ), which can be exchanged to $VCF Fan Token. 1 million tokens will be offered for sale at a cost of 2€ each. During the first day of sale, July 27th, from 13:00h to 15:00h CEST each person will be able to purchase up to a maximum of 75 tokens. After 15:00h CEST, the maximum amount will increase to 500 tokens while stocks last. Once the launch offer is over and the Fan Token is available in the app again, the price will be determined by supply and demand. Fans who own Fan Token $VCF have the right to vote in official polls to interact in a much more direct way with their team, participate in day-to-day decisions, win unique experiences, exclusive promotions, games and many more to come. In addition, the Socios.com platform will offer the token holder all the payment guarantees for a completely secure experience. With this alliance between Valencia CF and Socios.com, the Club enters the new era of fan engagement. Innovation, technology and football come together to launch the official $VCF Fan Token of Valencia CF and make it available to all Valencia CF fans around the world. Link to comment Share on other sites More sharing options...
Smiley Culture Posted July 26, 2021 Share Posted July 26, 2021 Sounds like a raging Ponzi scheme, tbh. Link to comment Share on other sites More sharing options...
Honey Honey Posted July 26, 2021 Share Posted July 26, 2021 Remember when Ebbsfleet allowed people to vote on starting line ups. Let's try it at Valencia, can't be worse than Gary Neville's time there. Link to comment Share on other sites More sharing options...
ScoRoss Posted July 27, 2021 Share Posted July 27, 2021 Basically, how can we make it look like we are selling shares in the club without actually selling any shares of the club? The whole 'participate in day-to-day decisions' seems like it'll be comestic decisions that don't affect anything worthwhile. I'd love to be proved wrong and people to actually affect change, but you already have that with Real Madrid and Barcelona where their fans pay and have the choice of who they want to run the club. Or down to the likes of Hearts, Motherwell and At Mirren where they are owned by a fan group. Even Rangers have almost biannual share issues, but at least the people putting money in actually have something at the end of it. Link to comment Share on other sites More sharing options...
Smiley Culture Posted July 27, 2021 Share Posted July 27, 2021 1m of these tokens sold by Valencia. Link to comment Share on other sites More sharing options...
ScoRoss Posted August 11, 2021 Share Posted August 11, 2021 Link to comment Share on other sites More sharing options...
ScoRoss Posted August 11, 2021 Share Posted August 11, 2021 Link to comment Share on other sites More sharing options...
ScoRoss Posted August 18, 2021 Share Posted August 18, 2021 Another damning review of Socios. Meanwhile more and more clubs are signing up for it, exploiting their fans for even more money. Link to comment Share on other sites More sharing options...
Subscriber Coma+ Posted September 15, 2021 Author Subscriber Share Posted September 15, 2021 On 11/08/2021 at 05:55, ScoRoss said: The Squareball podcast had Angus Kinnear on to talk about how the tokens work a few weeks back. They pinned him back with questions about taking advantage of Leeds fans, to which he had no real good answers other than to repeat the company line over and over again. In the end he said if it didn't work they'd get out of it. Very uncomfortable interview for him imo. Link to comment Share on other sites More sharing options...
Dave Posted March 23, 2022 Share Posted March 23, 2022 On 18/08/2021 at 08:26, ScoRoss said: Another damning review of Socios. Meanwhile more and more clubs are signing up for it, exploiting their fans for even more money. By 'engaging with fans' I presume what the Premier League clubs actually mean is 'pulling your trousers down and then emptying your pockets'. I can't remember what thread it was in but I went heavy on my criticism for the likes of Reece James, Trent etc for pushing NFT's. John Terry, who has been one of the biggest advocate, has seen his NFT's drop 90% in value already. The sad part is he would have lost nothing but the people who bought NFT's off the back of his seal of approval who would have been mugged off. Link to comment Share on other sites More sharing options...
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