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Brazil Fan Token launched by the Brazilian government and the Brazilian football federation
BTF Token cryptocurrency is a national fan of Brazilian football. It dropped 50% in a few hours and about 60% in 24 hours after losing against Croatia at the FIFA World Cup in penalty shootout.

The Brazilian government and football federation launched the Brazil Fan Token on August 25, 2021. The token offers an exclusive experience for investors and sports fans around the world.

Read more at: https://trynews.id/brazil-fan-token-turun-60-setelah-kalah-dari-croatia/ (https://trynews.id/brazil-fan-token-turun-60-setelah-kalah-dari-croatia/)

What do you expect? This is just a hype token so obviously it will react to any sport events that Brazil is involved.

So maybe the fans and token holders are disappointed that their team lost in the World cup against Croatia and that is the main reason why suddenly it went down 60%. I'm not surprised by the price movement, it is what it is. It was created for their sporting fans so a single mistake will trigger this kind of downfall.

Yeah, this type of coins is going nowhere. It can get pump when the team has won or dump like now when team has lose. We can't expect anything from this coin price as it's just pump and dump from their team result.  My advice is stay away from this kind of coin, as it has nothing to add and grow in the future.

Fans aren't happy with the result obviously so they are reacting by dumping their fan base tokens, to be honest I was also very shocked that such a great team as the Brazilians will lose to Croatian team. This world cup has been given some shocking and unexpected results.
Who would have thought Brazil won't be among the finalist instead they are taken out in the knock out stage.
At the end of the day,it is a game, it will only go one way and not both ways and this time Brazil got kicked out. The fans will have to accept things as they are, as sad as it is. I would have really love to see them at the finals.

It's pretty expected since this is a fan/meme/sh*t token, so many kind of names but one thing is for sure, This kind of token will go dump and die sooner or later. Tokens like this doesn't have that much utility so who will buy and use this? Does this mean that this token will only rise when the Brazil Football team wins a game? Kinda bad in my opinion, It would be better to just gamble and bet the money to a betting site atleast there are sure returns when the team you like wins. I'm not just fan of this kind of token. I know that there are many die hard football fans out there and some want to make profit out of it but I will suggest to just put your money on something logical like betting or straight up into bitcoin.

Yes, this is like the first reaction of a country that has a huge fan based of football. This could be one of the shocking results in the World Cup but their fans should accept the lost. And others have pointed out, this is just a meme coin, so we need to be very careful as this could be used for pump and dump and this is a classic example.

As the World Cup come to an end to them, I don't think there will be any used of this token, so again another reason to dump it huge.

Nevertheless, the same with Croatian team, they have their own token if I'm not mistaken.

https://www.croatiaweek.com/croatian-football-federation-present-vatreni-crypto-token/

These fan tokens are going nowhere.

Whenever there's a news about it, it might be up a bit but whenever it goes against to the favor of it, then expect that it will be going down for sure.

The fate of tokens like this are known and that's why it's no big surprise that it has lost that much when the team Brazil lost to Croatia.

It makes sense if Brazil Fan token drops because the fans feel disappointed with Brazil team. They probably dump the price on the market by selling most of their Brazil Fan tokens. But I think this price drop will be temporarily only, the price seems to increase again gradually.

Anyway, this type of fans token is very easy to influence by the current situation of the football team. That's why I am not interested to invest in fans tokens. I think investing in fans tokens (ex: Brazil fan token) is almost the same as gambling.  ;D

This is just a seasonal token, now what? What will happen now that they are no longer part of the competition. You can expect a total drop of its value because their journey in world cup is already over. I don’t bought any fan token because I know the risk of it and I know its useless, lucky to those who are able to take profit instantly.

These are just tokens that are developed to make market movements relative to an event. Brazil fan tokens doesn't have any other real-time usage. So, everything happening with the token depends on the performance of the Brazil team. It is obvious to have the drastic decline in the market of Brazil fan token.

BFT doesn't have good trading volume and it's ath surprised me. It have reached $1.7 and now it is close to the all time low value. For fans who support Brazil team can got for it with the hope of Brazil winning the next World Cup. The market of the token in the past could've increased as Brazil is the most favourite to win the 2022 World Cup.

what would be the "use case" or utility of such a token?
does it hypothetically allow access to discounts or privileges for hodlers?
is it a sort of collectible "sticker" to keep in e-wallet? or is it simply a speculative product?

Unfortunately, in recent years we have seen an explosion of tokens of dubious utility (the vast majority of NFTs belong to this category). now let's see the consequences, with these "pumps and dumps"...

The developers are the ones that made the most in here.

They're on the timing because they know that World Cup is coming so they did this for the purpose of fans to go to the extent that they'll buy a token that's dedicated for the team.

But with such tokens, we know what's going to be the end of it and many would be getting rekt for sure if that's the way on how they do investments.

This seems very reasonable considering that the Brazil Fan Token is a token that has no backing and only relies on the name "Brazil" and demand from supporters of the Brazilian team. When the performance of the Brazilian team gets worse, this will affect the price of this token and vice versa, when the performance of the Brazilian team improves, the price of this token also increases.

Most of the Fan tokens are like this, the price follows the performance of the team, and it seems that these tokens have no future and also do not provide any benefits for their holders. But for people who like to "gamble" this seems to be a suitable token for them.

It's hard for me to say what the price of the fan token depends on, but if you look at the cost of the Argentine Football Association Fan Token (ARG), it definitely does not depend on the successful game of the team. So the price of the ARG coin before the start of the World Cup was about $9, and now, when the Argentine national team reached the semi-finals of the championship, the price of the coin is $3.78.

:D :D :D

Edit:  Come to think of it, buying these fan tokens could be the safer bet than making your bets on the matches themselves esp with how unpredictable the World Cup can be as shown by Croatia and Morocco.  I bet if they had they're fan tokens, they'd be going through the roof after their wins at the quarter finals.  Lol.

Imagine betting 100 bucks on Brazil and losing it all vs buying 100 bucks worth of fan tokens.  With fan tokens it could either be an easy 3x win or losing just 50%.  Not a bad deal imho.

OP only said that it offers an exclusive experience. Maybe it let's you get closer to that team and then it can give you discounts to the merchandise that they are selling. Not sure if that can be considered to as a utility but that was better than if the token is built for pumping and dumping alone. They don't mention if it's an NFT so I won't say that it was some sort of a collectible but it was still up to the person if he will treat it as one.

It's only amazing that this coin movement is related to the result of the match. Maybe people who owned the token sold their token out of disappointment but that tells them that they are only going in for the hypes. They are not a solid fan.

Lol did you really expect this to be anymore more than just some sort of fad because of the world cup.  There is absolutely no reason this token even needs to exist.  I mean honestly I'm surprised that anyone even buys this to begin with.  Greed makes people do silly things.

If they are well structured, it will go somewhere, a lot of things in crypto are just in the early stage, it is the same as when many thought btc and crypto are going nowhere, it has been more than a decade since btc was active and since then many other developments in the crypto space has taken form.
If fan tokens are to be the utility of football clubs, they should be well structured in a manner it has a direct connection to the club in utility and has better token economics that will guide the growth of the token. they should be more than just a pump-and-dump when the club performs better or loses a match.

and expect more of this dumping as the event going close to end , and expect total dumping once the game ended..
sad to see this happening from investors who already knew the very moment they invested , or those who have been lured badly for the sake of profiting and now a loser.

I think people should not blindly dive into fan tokens or this type of issues will occur. Think about it friends. You literally are buying into hype. Its something very similar to gambling in my opinion when someone buys fan token of a team. There should be use cases for fan tokens to consistently raise their market cap. Otherwise they are like "i bought this because i bet them to win tonight's match".
In Brazil's case, they were the best team but eliminated so, coin quickly lost hype.

such tokens are interesting only for a short period and it will not be possible to expect a long-term perspective from them.It seems to me that it is easier to place a bet on your favorite team in bookmakers as it is much easier and less hassle.

Fan's token is always will be pump & dump because it’s price will increase or decrease it’s totally depend on the team results in the game, if Brazil lost with croatia and they’re eliminated from the world, so that this token hype is ended, and it’s immediate effect on the token price. So, i think buying fans token it’s high risky investment

These are high risk investment and these tokens doesn't have any MVP. Just on the speculation the market gets driven, because the price moves were connected with the match results. As the Brazil Fan token is developed and launched by the Brazil Football Federation it gained the attention of everyone and got good investment. For users who watch Brazil matches it is good to invest before the match and enjoy the profit once the match gets over. :D

Before buying fan tokens I think it is necessary to seriously consider because as you said the risk is high,
and it was proven when Brazil lost to Croatia, this made Brazilian fan tokens experience a drastic decline,
if you discuss the risk of course every investment has a risk

There is more to come as the event ending , remember that the main objective of this Fan token is solely for the game and do you think there will be a future for this as we have seen some Fan token before?
even popular sportsman had released their token in the past and ended what?

It's only fair that the coin reacts to Brazils real life performance ::)

Not a vivid follower of these fan tokens, but does this imply that fan tokens are only exclusive to how these team perform in football... What happens to other sports represented by these nations like basketball, volleyball etc??? Do they get to influence the coins value?

Exactly! Its far better to bet on your favourite team and gamble money anyways. I am pretty sure there were high odds for teams playing against Brazil. Also someone could just go on bet on Brazil's championship. Odd would be lower yeah but you wouldn't bother keep selling buying. Just bet and forget! Far less hassle.
People are probably buying intp hype about fan tokens so they prefer not to gamble instead.

It depends. Mostly people start selling directly if team loses tournament, gets eliminated etc. Real life performance influences tokens a lot.

Exactly, I think you could have made some good money by investing in some fan tokens before the start of this worldcup, but you also need to get out in time. As you say, this are pump and dump coins and too risky for me. Probably, most fan tokens will drop in the next few weeks/months as the hype of the worldcup will be over.

Influencing ? yeah they might or not but the main objective here is to established if those fan tokens are really worth investing or if it is Long term or short term?
because the more the investors trying to find reason to trust them is the more reason they wanted to understand the mean.
because there are no fan token that stays above after several time or chances.

If the fan token doesn't have any benefit, the token will certainly decrease if something happens to the team or the current uncertain market conditions. Those who invest in fan tokens may support their team at certain events so they buy their fan tokens. But it's not easy to compete with projects with better plans than fan tokens, especially if it's only aimed at supporting teams from their country. I'm afraid the end goal of this fan token is just about pump and dump. Just my 2 cents.

When this token is backed a government and its sports authority, I guess there will be no need to panic on seeing a 60% downfall rather you should focus on accumulating more to maximize your chances for grabbing more profits while it will be bouncing back. I never followed this token but if it is not reaching its 80% downfall from the peak price then keep averaging while accumulating will help.

At the same time, we need to bother about what are the chances from government side to keep backing up this token. I mean some times government may change their policy without any proper reason or explanation and in such case they will abandon it immediately; so government's token alone cannot be a good reason to keep investing in one token; always diversify.

Brazilian fans token is not going anywhere, since it is a fan utility token, the mood of their fans will determine the value of the token at whatever time, and the token can easily get pumped by the government or any other whales that have control of a large amount of the token. I was amazed by the reaction of the citizens of Brazil after their national team was knocked out of the world cup I heard the players were stoned with water battles when the returned back from the world cup Qatar 2022. So am not surprised that the value of the fan token dropped after the team lost that shows how weak the tokeb is and since it is a utility token there is less anyone can do if the fans have no motivation to support the team.

These are mere tokens that doesn't have any value. Just the variation is experienced out of the market movements happening connected to the football matches of Brazil. Only the football fans find it good and enjoy to some extent while watching Brazil matches. The support from Brazil federation to have a fan token is really appreciable.

If so, this is just like the pump and dump tokens we have often encountered in the market. People who wish to make it an investment should be careful in buying it because there is no guarantee that this type of token will increase greatly in the future. If the token can be useful for fans, the price will not go up or down too high or low unless market conditions also decline. They may need to learn more about the token's benefits for their fans because the fans will buy it, not the average person.

The project was inspired by the Brazilian team, the Brazilian national team and all their goal of improving the football fans in different countries. 
Brazil is a very popular football club, they have been playing for almost half a decade and there has been a great increase in the number of fans. The team is a very special one because they can be a real team of a certain age, the country is the favorite football club in the world.   
 
Brazil is not yet a soccer fan and it is still very young in the world but they are also fans that they can enjoy.

But the coin is in the topic here and not the team actually , though it stands with them yet we knew that this market is not supporting anything that wont favor them in return.
while this Fan token may be supported by the government or even fans but what percent they represent the whole crypto market?
and besides there are so many fan token now that even gambling sites are providing one.
I'm just wishing that this Brazil Fan token will find way up in the coming years , specially if they did not progress
in their goal to enhanced and improve their existence in sports like this.
the competition is to tough , and arranging investors in crypto world is more tougher .
best to agree on that and try not to boost thread when there are no assurance of hitting the top from their precious investments .

Really just that too small honestly if we do talk about investors of those fan token based which we know that numbers wont really be that huge. This isnt something new because if ones a particular team had lost  and it would be named on a certain team then emotions and fundamentals would kick in which it would really be just in normal approach and just like other tokens in the market which is named or based up into something which it is really just that a normal common approach.

This is why its never been ideal on supporting or investing into these kind of types unless if the coin is really that been created by the team itself and you do show up that support into them
then it wont really be that bad but of course you shouldnt really be expecting on making profits in long term because if the hype would be gone
then so as with the price movement and the worst it would just simply wither and die together with your investment.

What do you expect, I think it is working as designed if you look at the economics behind it, A  football team lost a cup competition the value of that team would drop and that of the team that won would rise. I could remember that the price of Argentina tokens continued to rise until after the tournament because the team continue to do well and won the tournament

And after your post, it downfall and never raise up again. I really wonder about the performance of Brazil National Football Team Fan Token. I mean Brazilian govt. themself along with their football federation launched this token and they let it dead without doing anything? Brazil football team still exist with hopes for future. I don't understand why govt. didn’t try to develop. Then how could people trust their government again if they launch another token for future transaction?

I mean fan token exactly as the name said, only token for fans, basically you're buying it for supporting it which still rather baffles me how you could support it in any meaningful way by buying the fan token other than just being used for speculative purpose basically as you have said pump and dump token. but the thing is considering the nature of these token, hardly go back up but really easy to go down and will just stay down for long time, i'd definitely refrain from investing in such coin, heck maybe we couldn't even call it investing since the performance relies heavily in football team performance which varies, more over the fact that this month around their football team are performing really bad would only mean you have made really bad investment/speculation decision.

Maybe some investors already expected the downfall after the team lose but they did not expect that the coin will never recover anymore, because the team is still there. They can be able to play again and perform better this time. Another reason on why it should continue to exist is because it was created by a government. They have the power to do that.

Can't imagine the amount of people trusted the coin since its creation but it looks like they are only being milked by their own government. That's pretty unusual. The view of the people towards their government are going to be affected badly for sure and if they will release another token in the future, how dare them? But I doubt if they will ever get an investor this time.

I'd be damned if my money depends on some football team performance, doesn't make sense at all for me but maybe I could understand why it's called fan token because this token is really for a fan.

this also what i wondered, this fan token aside from speculative purpose got one biggest disadvantage that is the manipulation, if it's for speculation based on these sports, i'd say gambling is far better than these fan token wretched with manipulation all the way in.

Honestly, right now I think they are just riding the wave and trying to make quick banks.
I dont really see any FAN Token really valueing the tech and doing it for the sake of it. Just like us, most of them are doing it for the hype and the money.
That being said, if somebody does it but not really giving their hearts into it, it will be a trash product.

People investing in these coins because supply is very low and Its Up and down are happen with small flow of money. This is the reason when btc down, some whale buy these fan coin and these fan coins pumped and we saw in gainer list. If we talk about their usecase so i didn't found any real usecase but i am surprised why Binance a big exchange promoting these coins because every month There are some contest for these fans token and holder get some free airdrop of token or Nft from Binance. These Fan tokens will not remain for long time because hype will not remain for time and many exchange have strict rules for marketcap. If people stop investing in these coins for sometime, exchange will delist these coins.

I don't think anyone needs to be surprised, just like Brazil Fan token dumped 60% after losing to Croatia so is Argentina, go and look at the Argentina Fan token after the world cup final, the token was $9 and now it is less than $1, that is more than 90% dump. I expect all these club fan tokens too to start dumping after the football season ends then start picking up close to the opening of the new season in August. If you play this well there is money to be made

that sounds like common thing happened with these so called fan token the performance really depends on the performance of the team itself and thinking about it again, that does make perfect sense honestly.
it seems in every new season as you said maybe investing in it is not really bad idea.

If you don't understand the nature of this coin then I will pass you for blaming , but if yes? then what can you expect?          

this is manipulated coin , if you are investing in this aside from betting in Brazil delegation then you will lose both.

instead of buying this coin? why not use your money in bet so you only lose one time  ;D
in time this will end , Am not sure how long will people trust this fan token but for me ? this is really suck believing .

I also have this questions in mind , what is truly the benefits of Buying Fan token to Us? aside from full speculative
and assurance less, Fan token for me is something that only used for Pump and dump and also only the creators happily benefiting .
Have seen some Fan tokens before and yes , majority if not all of those are already dead now, though in other way , a gambling sites created their
FUN token instead of FAN   8)
so in this my word stands , and that is being used for pumping and dumping way that for me is not trustworthy project in all cost.
best that if you are more concern about your money , then best to stay away from this kind.

Yeah, also i think MEME coin is better than such FAN token, at least meme coin hype is long where fan token can be dump or pump just based on 1 match win or lost, it’s ridiculous to me. I don’t know why people’s buying such token, it’s higher risk investment if compared with meme coin.

Well, that's expected, it's a fan token, I think everyone who are buying fan token should realize that they are buying those tokens not for investment but for supporting something that they love. If you gain some profit on fan token then it's good for you, but people should also expect to loss more if they invest on fan token.

Fan tokens are bought purely for speculation, because that is what they were created for. To speculate on famous sports and popular sports teams. These tokens have no utility or useful properties. They are ordinary shitcoins, just like memcoins or NFT pictures, whose purpose is to enrich their creators.

I saw such kind of fan tokens listing in cmc. Even i heard some of football association will give their players those fan token as their salary and so on. But in reality, i saw 95% of those get dumped including brazilian fan token. Those are so called shitcoin, created for nothing but make people entertainment. Those will never pump until the team win the Championship but even after that, fan token will get dumped for no reason. Avoid such coin, and let those losing price more, who cares!

Shitcoin indeed and its still running up to now on which kind of trend on which it would really be just that normal that they would really be having this kind of approach on which those coin creators
would really be going along with the hype on which it would really be pertaining on things that they do saw around on which it would be normal that if there's a current trending team or event
then they would definitely creating a coin naming with that kind of name and would really be shilling out all over the place.

Initial pumps and hypes? Newbies do usually the ones who would really be victimized with this kind of stuff on which they would really be believing that it is really that
something that could bring out huge profits on the time that hype kicks in. Yes, if you do able to enter or buy on the bottom then profits is guaranteed but
once you do make yourself get caught on the peak, then it would be an another story.

I never interested to buy such coin like this. The type of coin like this just pure of hype, without Copa america, World cup there is no hype with this coin. So what do you expect for the type of coin like this? I'm very pitty for those people who bought this coin.

and this will will drop more and more as time goes by lol. Fan  tokens usually are kind of currency that does not bring significant  return or just good for early investors and for me? most of Fan tokens ends up scams ( this is my own belief and observation .

Actually it's true we don't have any get benefit for hold those coins, fan token olny benefits a few people who participate in their development but not for investor or Holder. Fan tokens will ends up soon due to it's the real gambling if any match happens will impact to fan token

Right, if you will go to check PSG coin, it’s listed in Binance in 2021 when it was ATH 60$+ now it turn into 3$+ approximately it’s going down 94%, i'm considering FAN tokens and gambling both of same things. I think such trash coins still surviving because of listed on the top exchanges.

Fan coins are basically created to generate funds for federations or managements of either national teams or clubs and the money collected through token sale are used for different expenses at the clubs like funding different campaigns, doing stadium upgrades, or any other expenses that the management might have to bear, so these coins are generally not shitcoins since they serve a purpose but they can surely fluctuate more than normal cryptocurrencies.

I believe only people who are actually fans of those clubs and football associations only purchase these tokens because they wouldn't care if they have to face losses as they might be seeing this as a way to support their teams which is technically true since the money is used by the club.

exactly , as those promoter and dev of this project had already taken their bags of money and those late investors are the sole loser here , there are plenty of fan tokens that we have already come across and some are even from gambling sites but look at them now , they remain no responding in market movement though some expect big return and action when the bull comes in which rarely to happen.

True, most of them who want to buy this coin is just because of the hype such as world cup no wonder why so many people want to buy this coin because they think brazil gonna be a real contender to win the world cup, but the reality is diferrent when brazil lose then the price drop instantly too.

Without any tournament this coin will be useless, no tournament = no hype. IMO, Invest on such coin like this is worst than invest on meme coins, pure gambling.