What is OG Fan Token? OG Fan Token is a utility token for fans officially issued by the OG Esports organization in cooperation with Socios operating on the Chiliz Chain network. So what’s special about OG Fan Token? Let’s find out with Weakhand in this article.
To understand more about OG Fan Token, people can refer to some of the articles below:
- What is Chiliz (CHZ)? Chiliz Cryptocurrency Overview
- What is Santos FC Fan Token? Santos FC Fan Token Cryptocurrency Overview
Overview of OG Fan Token
What is OG Fan Token?
OG Fan Token is a utility token for fans of the OG Esports organization that was first launched on June 21, 2020 on the Socios platform and is currently active on the Chiliz Chain network. The project was available on the Binance Launchpool platform on December 23, 2020.
OG Esports was founded in 2015 and is headquartered in Europe. They are best known for their Dota 2 team that won The International tournaments in 2018 and 2019. In addition, the organization also has a professional Counter-Strike: Global Offensive (CS:GO) team.
Working mechanism of OG Fan Token
OG Fan Token is a collaboration between OG Esports and Socios to separately issue the organization’s token, to bring many convenient experiences to fans. The project is present at Binance Launchpool in 2020, token holders have the following privileges:
- Participate in voting and voting on major decisions of the OG Esports organization 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 OG Esports matches, meet real-life members and get members’ autographs.
- OG Esports exclusive digital badges and NFTs by staking future OG tokens.
Core Team
OG Fan Token is issued by the owner of the OG Esports organization and the Socios platform. The current CEO of the organization is Mr. JMR Luna. Behind the Socios platform is Chiliz CEO, Mr. Alexandre Dreyfus:
- 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 OG tokens
- Token name: OG Fan Token
- Ticker: OG
- Blockchain: Chiliz Chain
- Total Supply: 5,000,000 OG
- Contract: 0x7bcb8bB59298ba3Aed51a6a0348187Ba4ffD1c69
Token Allocation
OG has a total token supply of 5,000,000, of which approximately 1,274,535 are distributed to fans of the team via the Fan Token Offering. The remaining tokens are held by OG and can be purchased by participating in community activities and Binance Launchpool, as well as directly on exchanges.
- Team: 61.46 %
- User Fund: 25.49 %
- Binance Launchpool: 13.05 %
Token Release
OG tokens held by OG have a 4-year linear monthly vesting schedule, where 1,250,000 OG tokens are issued each year, starting June 2020.
Exchanges
Exchanges listing OG tokens include: Binance, HTX, BingX, Gate.io, MEXC…
Information Channel of OG Fan Token
- Website: https://ogs.gg/
- Twitter: https://twitter.com/socios
- Telegram: https://t.me/chiliztrade
- Reddit: https://www.reddit.com/r/chiliZ/
Summary
OG Esports is a famous esports organization among gamers. Owning some OG will give fans some more preferential privileges. Furthermore, OG Esports is sponsored by Red Bull and its partners are BMW and SteelSerise, these are large corporate brands and have solid financial resources. Along with working alongside Binance and Socios. OG token promises to have good growth in many aspects in the next Bull Run period.