Bitcoin Forum

I believe that the recent adoption of crypto currency by Juventus will have significant impact on crypto currency general adoption if the same step is being taking by all other big football Club out there. About 400 million of Juventus fan now have to buy the JUV token as their voting power from any part of the world. Visit https://www.theblockcrypto.com/post/49038/ronaldos-soccer-club-juventus-now-has-a-token-that-gives-its-over-400m-fans-voting-power for more details.

A month ago it was manny pacquiao and now it is juventus. of course this is good news for those who do not know anything about cryptocurrency because people will aware of what cryptocurrency can do with this small adoption, but I do not think it will bring a significant impact to cryptocurrency. it will only at most increase the awareness of people about the usability of cryptocurrency.

I think a popular football club (can't remember the name now) has tried this in the past and government wasn't too pleased with it.
I think stuff like this may work if the clubs carry their governments along. They should be ready to pay taxes and follow their countries laws. Afterall, that was part of the agreement between the clubs and the governments when they were established in their countries.

It is very good that cryptocurrencies are used in new forms. This makes more people hear about them and become more popular. However, I am afraid that it will not be very useful in a football fan community. I think it would be much more useful if these coins were used to bet on Juventus matches. It is possible that someday some betting site will accept this coin and then it would be very good news.

I think if it's for a fan things i'm sure the price will be higher and higher everytime because football fans are crazy with their teams and no problem spending a huge amount of money to support their team. This is a great news from crypto because this will affect to the market and other coins

hmm, ok, soccer token, i could see that working out, reading the article it seems like they have it all implemented working right now too, nice!
damn, see thats the power of creating your own monetary supply, they choose what to sell their JUV for (currently 2.2$ per) :O instant multimillionaries
look at fifa, people LOVE to spend money on soccer, and seeing services like this imo are a major step to mass adoption of cryptocurrencies too :)

Apparently, we also started to take over the football community. lol
Building such systems is useful for people to see themselves strong. Fans can easily participate in any future decision of the team. Sounds good. In terms of crypto, it is a positive step towards adoption, 400 million people will get an idea of crypto and its usefulness.

Isn't it the advantage will be only for the team itself? I meant about when those fans of juve can buy that through use the native crypto like ether or something else. that will actually give a good impact to the crypto market. But when it can be bought only through use USD or stable coin and the only advantage that can be seen the crypto being adopted by more parties but again, there is not impact that will affect the cryptocurrency.
It's just like a share that gives you a power to vote what will be the decision that must be taken by the team.
it seems not a utility.

I don't know about the previous club which you said have tried the creation of their token which unable to put through cause the government detest it but Juventus is an Italian club and the last time i checked the Italian government are not against crypto currency and blockchain. Besides, every transaction which involves the exchange of crypto against fiat is not taxable either.

I think this will not work, same as many other tokens that appear, too many ideas with all kinds of hopes going forward but they forget to educate the community about crypto, I just think this is only one way for them to get money hoping it will not be a new way of scam.
The price quite expensive if the purpose of this token just to use for power voting.

We shouldn't expect nothing less from the EU region countries because they have proven themselves so many times to be a welcoming nations to every crypto and blockchain related platform but the news about Juventus is what spread the football fans token because the company behind the platform have already partners with few football clubs before Juventus.
https://i.imgur.com/Ebl2U4b.jpg

You're right and i first thought Pacman token was token inspiration behind Juventus creating their own token but i don't think the Pacman token will thrive though and after making some few research on Juventus site i later understand that the token was inspired by socio a blockchain platform created for football fans around the world so they could acquire voting rights and fluence the club they love which mean more football club will soon join the platform.

I am a fan of Juventus since Cristiano Ronaldo, so I think it might be even better if the $ Juv token logo is put on their soccer shirts, but I don't think it will be possible because the soccer rules there may prohibit it, the big adoption of the world of soccer is interesting way to get large-scale adoption, but I'll look into this $ juv token deeper

wow, this is really a pro-crypto move by the president. This is also one of the ways that the legend can allocate his capital and power to loyal fans. I feel this is also one of the president's good moves because it brings a more positive trend and makes fans feel they can have a vote on their beloved team. It also creates more volume for this coin, I'm quite impressed.

i am happy to hear. generally it seems to me as if sports clubs are very open to the whole thing.
first the english league and now also juventus. i see it as a good step in the right direction and so that the topic reaches the broad masses, football is certainly a good medium! 8)
so let´s hope that the planned projects will go well and that there will be no difficulties that will immediately lead to bad news.

This will create awareness among the people who aren't aware about cryptocurrency, but have good knowledge about soccer. As an user stated it is Manny last month and now it is Juventus. Cryptocurrency is beyond many big things. It is not that easy to tokenize and make it a success. As this is happening with sone real time voting, it'll gain good circulation and in terms of usage it is far away from bitcoin.

Juventus has already a very long association with crypto. Watford even has a season of wearing BTC on the jersey.

These types of exposure are all very great for awareness. But I do not think they really benefit adoption. For example I see Nike and Adidas all my life on football. But I never once bought any of them. I know about them. But I am not a user. Same with crypto I believe. I think this is not something big to think about.

Hopefully it can be implemented at the other club Juventus is one of the big club of Italy, it will be very fast developing, the other club will emulate if this Juventus coin received a positive response from its supporters.

It is great to see a football club coming up with their token but what affect does it have in the overall scheme of things and if all the football clubs come up with their coins do you think everything will be listed in an exchange, these tokens will be used as a token for the fans and nothing else as far as i know and it might not make an overall impact in the market.

Every new idea of ​​using cryptocurrencies is good for their promotion, but in this case I don't think football fans will massively download wallets and use cryptocurrencies. Let's wait for Ronaldo to start talking to his fans to use cryptocurrencies. Then it will be a big thing!

 This is one of the most ridiculous things I've ever seen. If there is a rich team that buys many tokens of the Juventus team and then they propose to eliminate each talented player of the team, how will the board handle it? Isn't this one of the ways to kill your own team?

This is incredible, if they make this JUV token used to pay for tickets there, surely the JUV token has a good price and is certainly very good to buy,
if the price of JUV rises for sure to buy tickets there can reduce people who are difficult to watch Juventus, but if we hold  ;D

I like the fact that this generates positive exposure for the space as a whole, but when you dig deeper, it's such a nice token that it won't appeal to the masses, and let us need some fresh capital to enter the space.

If they want to generate even more exposure, they should accept Bitcoin for ticket payments, merchandise, and so on. I'm sure that it will motivate even those who aren't Juve fans to buy something and pay with Bitcoin.

You're somehow right cause the die-hard fans of each football clubs which have already partnered with the blockchain company will have more opportunities to participate in the club activities but when you're thinking about the advantages of the token you shouldn't ignore the disadvantages and i believe such token will be highly manipulated which could make the token lost in price.

Any form of popularizing cryptocurrencies is good. If a club like Juventus created its own coin, then maybe other smaller clubs will do it too and there will be a domino effect. If other clubs follow Juventus, it would be a very big success for the entire cryptocurrency market. And later adoption of Bitcoin as payment method..

open news for us here is the potential of CHZ tokens will be benefited as the article also mentions will pair JUV/CHZ token ,growth for the crypto industry will also be more widespread and have a positive impact on the fans club community to crypto over time they interest certainly in bitcoin

This is positive news for the cryptocurrency community, according to the predictions of many expert. Mass cryptocurrency adoption
will be faster developed, after from the English premiere league watford FC used a jersey that had its bitcoin logo which turned out
to be a sponsor shirt sportsbet.io. Now from Serie A Italy league, Juventus Club now has JUV tokens. This is extraordinary news from
the sports world especially football have begun to adopt cryptocurrency. With this, cryptocurrency will make it more recognized by
many people. But the effect of market prices will not be felt the impact, because JUV tokens only for voting power of fans. Because
during JUV tokens not entering exchanges will not be too influential for the development of cryptocurrency market prices.

It's pretty nice movement from crypto space that inviting football fans which the amount is really huge to join cryptocurrency. Football fans are so fanatic with their teams and will do almost anything for the development of their team so i think this will be great and other teams should be follow this juventus idea to make cryptocurrency for supporting their team

I read on the article recently and other teams such as Atletico Madrid and PSG also will launching their tokens too in 2020 and i think this is good steps on football industry that they began to pay attention about digital development and i wish this will have good impact for cryptocurrency itself because seems for this tokens the developers have long term plan and for the first quarter on 2020 JUV tokens will available to traded

Everything now has crypto, almost all aspects, sports, trade, government, banks, hospitals, maybe a crypto based school will emerge, all school administrations for payment will use crypto / tokens. Yesterday we heard that Pacquio was launching a coin for fans, but it can be traded too, and now Juventus is a big Italian club which in fact football in Italy is very closely related to soccer gambling. It is possible that Spanish and English clubs will soon launch the same breakthrough, and I smell here the scent of money laundering, they store assets in crypto so that tax authorities do not detect them, because on average the problems of the big football clubs are very problematic with the applicable tax regulations.