What is Argentina National Fan Token? Argentina National Fan Token is a utility token for fans of the Argentina national football team. So what is special about Argentina National Fan Token? Let’s find out with Weakhand in this article.
To better understand Argentina National Fan Token, people can refer to some of the articles below:
- What is Chiliz (CHZ)? Chiliz Cryptocurrency Overview
- What is Manchester City Fan Token (CITY)? Overview of Cryptocurrency Manchester City Fan Token
Overview of Argentina National Fan Token
What is Argentina National Fan Token?
Argentina National Fan Token is a utility token for fans of the Argentina national football team first released in July 2021 through the Socios platform. Argentina National Fan Token is offered for sale of 600,000 tokens at a Presale price of $2 for 250 users. Currently, Argentina National Fan Token is operating on the Chiliz Chain network.
What is Argentina National Fan Token?
The Argentina team is managed by the national football association Argentine Football Association (AFA). This South American team is the birthplace of football legends like Messi or Diego Maradona. The best achievement the team has ever achieved is participating in 6 World Cup finals. And the most recent time Messi and his teammates won the World Cup with the most thrilling final in the history of the biggest football tournament on the planet.
Operation mechanism of Argentina National Fan Token
Argentina National Fan Token is a collaboration between the Argentine national football association and Socios to separately issue the team’s token, to bring many convenient experiences to fans. Team token holders have the following privileges:
- Participate in voting and voting on major team decisions through the Socios application and service.
- Token holders have access to fan rewards, digital collectibles, and loyalty points.
- Get cashback offers from official online stores.
- CHZ rewards in the app.
- Token holders have the opportunity to receive promotions on tickets to the club’s matches, meet real-life members and get members’ autographs.
- Exclusive Argentina digital badges and NFTs by staking future ARG tokens.
Core Team
Argentina National Fan Token is issued and managed by the Argentine Football Association or AFA. AFA was founded in 1893 by Alexander Watson Hutton, who is remembered by many as the father of Argentine football. The association today operates in the capital Buenos Aires, with Claudio Tapia is the chairman. AFA has partnered with entrepreneur Alexandre Dreyfus to build its ARG token. He is also the CEO of Chiliz, the person behind the Socios platform:
- He is a website serial entrepreneur with over 22 years of experience in the digital field, building and developing technology businesses. In the late 1990s, he pioneered the field of web-based, interactive tools and web-based instructions, before completing an acquisition with retail giant Carrefour and subsequent merger with another service provider. competitor’s services and sell them to Yelp.
- In 2006, he co-founded Winamax (France’s largest online poker room) and later this technology platform was sold to Bally Technologies (now Scientific Games).
- In 2013, he acquired Global Poker Index (the leading rating agency of live Poker) as well as The Hendon Mob (the world’s largest live poker database).
- To drive blockchain innovation in Malta, he also established the Chiliz Blockchain Campus – an accelerator and industry hub connecting some of the industry’s largest stakeholders across Asia and Europe, along with local businesses. Other emerging blockchain cores.
Tokenomics
Basic information about ARG tokens
- Token name: Argentine Football Association Fan Token
- Ticker: ARG
- Blockchain: Chiliz Chain
- Total Supply: 20,000,000 ARG
- Contract: 0x9e10469Cd2cd93836e19484A9Ca1EF5aDDC43e0f
Token Allocation
ARG has a total token supply of 20,000,000, of which approximately 600,000 tokens were sold to 250 users via Presale for $2. All remaining tokens are held by the Argentine national football association and can be purchased by participating in community activities and through the Socios application, as well as directly on exchanges.
- Team: 97%
- PreSale: 3%
Token Release
Argentina National Fan Token has a linear monthly unlock schedule for 8 years. Of which, 2,500,000 tokens can be unlocked at maximum each year, starting from July 2021.
According to information from Socios, unlocking does not necessarily correlate with an increase in circulating supply. This may depend on market conditions. The revenue generated from the token sale will go directly to the team after Socios’ commission.
Exchanges
Exchanges listing ARG tokens include: OKX, Gate.io, Bitget, BingX, Chiliz Exchange…
Argentina’s Information Channel National Fan Token
- Website: https://www.fantoken.com/arg/
- Twitter: https://twitter.com/chiliz
- Telegram:
Summary
AFA will focus on building community among fans of the Argentina team. ARG owners have complete rights to vote on the team’s intentions. If you are a fan and own some tokens, you will have more incentives.
By being the WC champion team and one of the first Fan Tokens of national teams. ARG witnessed surprising growth in the very chaotic macroeconomic situation at that time. Once there are major global sporting events, this can still be a Token that should not be overlooked and is worth monitoring in the near future.
