Juventus is Launching His Crypto Token

[Pab]

Juventus is going to launch his own crypto token
For the effort, Italy's Juventus Football Club, which boasts Cristiano Ronaldo as a current team member, is teaming up with Socios.com to launch the "Juventus Official Fan Token." The token will be initially distributed via a "Fan Token Offering (FTO)," according to a press release Monday

https://www.coindesk.com/juventus-soccer-club-is-launching-a-crypto-token-to-give-fans-a-voice/

Cool idea in my opinion  it can strengthen relations between c lub and fans

The token, which will be tradeable on the Socios platform against its native $CHZ token, will allow the fans to vote over an upcoming mobile app. With the platform, fans can respond to Juventus ballots, allowing supporters' "voice to be heard, and creating an emotional connection between the Club and its fans," the club says.

Like i see PSG has similar idea
Just two weeks ago, top French league team Paris Saint-Germain, revealed plans to issue its own cryptocurrency as a way to incentivize participation from its fans around the world. That project is also being conducted in partnership with Socios via a similar Fan Token Offering.

Looks more clubs will join crypto

In fact, Socios indicated in today's release that it hopes to engage with more soccer clubs, possibly as many as 50, going forward.

Maybe will be possible to trade FC Juventus token against PSG token lol

[1713576207]

1713576207

[1713576207]

1713576207

[1713576207]

1713576207

[1713576207]

1713576207

[1713576207]

1713576207

[1713576207]

1713576207

[avikz]

Just another way to milk more money out of their fans pockets! This is the way I am seeing such ICOs. Obviously it is great to attach a crypto related project with such a immensely popular football club, as it will give more visibility of the crypto world to the common mass, but what purpose it will solve??

ICO were mainly started to fund brilliant ideas, but it is now going out of the control! People are tokenizing anything and everything regardless of the necessity! That is not going to earn reputation for cryptos.

While I am not against the ICOs and cryptocurrency in general, but I would love to see meaningful innovative ideas to be funded through it and not just anything random!!

[milewilda]

Just another way to milk more money out of their fans pockets! This is the way I am seeing such ICOs. Obviously it is great to attach a crypto related project with such a immensely popular football club, as it will give more visibility of the crypto world to the common mass, but what purpose it will solve??

ICO were mainly started to fund brilliant ideas, but it is now going out of the control! People are tokenizing anything and everything regardless of the necessity! That is not going to earn reputation for cryptos.

While I am not against the ICOs and cryptocurrency in general, but I would love to see meaningful innovative ideas to be funded through it and not just anything random!!

Somehow already anticipated that using up these things for the sake of their token since they do know the benefit that it would give and can really give out possibility of success if those people who dont have much idea will just easily accept and make use of it without seeing the true essence of that token.We have seen lots of unnecessary token creations into certain things which it isnt really needed.Just like on other tokens which dont really have the proper usage will still end up nothing.

[Bitfort]

Just another way to milk more money out of their fans pockets! This is the way I am seeing such ICOs. Obviously it is great to attach a crypto related project with such a immensely popular football club, as it will give more visibility of the crypto world to the common mass, but what purpose it will solve??

ICO were mainly started to fund brilliant ideas, but it is now going out of the control! People are tokenizing anything and everything regardless of the necessity! That is not going to earn reputation for cryptos.

While I am not against the ICOs and cryptocurrency in general, but I would love to see meaningful innovative ideas to be funded through it and not just anything random!!

I share your opinion. It's great advertisement for cryptos as football fan base is huge but i miss some real utilization otherwise it's just another promotional item.

They say:

With the platform, fans can respond to Juventus ballots, allowing supporters' "voice to be heard, and creating an emotional connection between the Club and its fans,".

Is that all?

I think much better idea is to skip the ICO (FTO) and start giving those tokens to fans for every match visit. Then let them use it to buy VIP zone access, personal meeting with star, spend in club pub or club souvenir shop etc.
Such usage would make more sense. But it will be more beneficial to club fans than the club itself and I guess that's not what club management is looking for.

[emberbekas]

This thread has nothing to do with gambling. Maybe altcoin discussion is the right place for this thread, cmiiw!

Btw, this news is very good for crypto as a whole. With the introduction of crypto by big teams like Juventus, surely more and more people will be interested in knowing crypto more deeply especially from the fans of Juventus.

[btc_angela]

This thread has nothing to do with gambling. Maybe altcoin discussion is the right place for this thread, cmiiw!

Btw, this news is very good for crypto as a whole. With the introduction of crypto by big teams like Juventus, surely more and more people will be interested in knowing crypto more deeply especially from the fans of Juventus.

Yes, it will really bring some positive news as we all know that Football is also global so If a successful team like Juventus will jump on the bandwagon crypto will have a good exposure. But can it really affect the price significantly? Remains to be seen but I like the effort though. Recently I posted that NBA’s Houston Rockets Land Sponsorship Deal with Bitcoin Mining Subsidiary AntPool https://btcmanager.com/nbas-houston-rockets-sponsorship-bitcoin-mining-antpool/. So sports is truly pushing crypto awareness this year.

[eternalgloom]

That's just them getting with the times now. Everyone just needs a token these days, you can't get left behind. /s

No, it's really just a way to line their pockets again. The article mentions that this is basically just going to be an ICO.
I do wonder what they're planning to do with this token. Can't really think of something that fans would benefit from.

[tokeweed]

Lmao.  It's fitting that this is in the gambling section, cos all those fans are surely gonna gamble their savings away by buying into this fan token.  

But have no fear.  Ronaldo got this.  

[yatsey87]

Just another way to milk more money out of their fans pockets! This is the way I am seeing such ICOs. Obviously it is great to attach a crypto related project with such a immensely popular football club, as it will give more visibility of the crypto world to the common mass, but what purpose it will solve??

ICO were mainly started to fund brilliant ideas, but it is now going out of the control! People are tokenizing anything and everything regardless of the necessity! That is not going to earn reputation for cryptos.

While I am not against the ICOs and cryptocurrency in general, but I would love to see meaningful innovative ideas to be funded through it and not just anything random!!

Agreed. Just seems like a gimmick to me. Bitcoin and blockchain was meant to be the future. Now crypto has just been hijacked by scams, get rich quick schemes and gimmicks trying to cash in on something new or the current buzz. I haven't looked into this much in depth, but the possibility of fans voting seems interesting, but do they have to pay to do this or purchase the coins? If so then it's just another money spinner for them more likely rather than anything truly to support or benefit the fans.

[tomahawk9]

It'll be great to see those tokens being used as a way for the fans to buy stuff from the club, or even see the token in a platform where the fans can buy tickets to see a match. I actually want to see clubs letting the fans use the tokens for something other than to "be heard" as the article says.

So far, this sounds kinda lame, I was expecting some real use case for the token, but it's just the beginning and who knows, though, maybe if the fans like this token idea, the clubs will eventually let the fans use the token for something else. All in all, it's good news for the crypto world as football are starting to embrace this new technology, but there's potential for more things.

[SyGambler]

well to be honest when I saw this topic in the gambling discussion I though that Juventus is gonna launch a casino or something , so can't see what this has to do with the gambling section
anyways I still don't get the point of this token , but I guess will we see on 2019

[Harlot]

I wonder why do they need to use cryptocurrency in this approach thought? But chances us they are doing this because of the hype in the market and maybe the trend of cryptocurrencies as well, this will of course be classified as a utility token but I don't think it will be a hit even on the fans itself but of course it will always depend on how strong their fan base are as some fans even support anything what their club is doing. Also they must open other uses aside from voting like purchasing jerseys and memorabilias from the club to make it more useful.

[Pab]

As you see that thread is attracting people
For sure token release is not about collecting money to pay Ronaldo salary
Fiat is paying that because Fiat wants to promote Ferrari to Asia markets
Maybe it is all about marketing to Asia countries
Juve has his fan clubs all over the world
Interesting is that t, Socios indicated in today's release that it hopes to engage with more soccer clubs, possibly as many as 50, going forward.

Looks like Socios platform is very active crypto market and Socios wants to be global football token marketplace
Lets see how it will be done if it  ever happen

[shield132]

I think this thread could be open in economy or altcoin section. Well, we can also remind that there was one Italian club bought with bitcoin, despite the fact that it happened in serie C, now we see Juventues, which is in Serie A is launching his crypto token. That can be a gate for crypto to become more popular and usable but on another hand people tokenize anything they want, this becomes out of control everyday.

[swogerino]

Juventus team have a lot of fans throughout the world and anything they do related to crypto can be of a great visibility for the crypto world. Although they are only offering a token, people who don't know crypto will become curious and start digging a bit about crypto to learn a few things.

This is a very good thing now that the price of bitcoin is plummeting down and shows no signs of recovery and all our hopes for a higher bitcoin price in December seems not achievable. Bitcoin and crypto in general need a boost right now and this action by Juventus is a good one.

[therwtonn]

This thread has nothing to do with gambling. Maybe altcoin discussion is the right place for this thread, cmiiw!

Btw, this news is very good for crypto as a whole. With the introduction of crypto by big teams like Juventus, surely more and more people will be interested in knowing crypto more deeply especially from the fans of Juventus.

Yes, it will really bring some positive news as we all know that Football is also global so If a successful team like Juventus will jump on the bandwagon crypto will have a good exposure. But can it really affect the price significantly? Remains to be seen but I like the effort though. Recently I posted that NBA’s Houston Rockets Land Sponsorship Deal with Bitcoin Mining Subsidiary AntPool https://btcmanager.com/nbas-houston-rockets-sponsorship-bitcoin-mining-antpool/. So sports is truly pushing crypto awareness this year.

With the way things are going, every organization, companies, clubs, and the rest are beginning to try to see how to tap from the space but I understand what avikz said, as it all balls down to milking money from their fans, but indeed that is the essence of business isn't it and as long as the fans see a value for what they are being milked for, I really do not see any problem with that.

However, it is a good start when we want to look at bigger players hitting the crypto space as the more the merrier for development and a huge market in the long run.

[coinplus]

Well, it is not necessarily a bad idea when it comes to using cryptocurrency to build a community and get everyone engaged within the ecosystem.

Moreover, as good as it sounds and as fantastic as it is for awareness purposes, I will still say it is not really something that much innovative to have warranted having a cryptocurrency for. Anyhow though, it is still a welcome development, when it comes to having some real life use cases for cryptocurrency if we want to go the sentimental way.

[funcryptoguy]

this is good. the more visibility cryptocurrency gets, the more value they gain and more money join in

[Galley]

I see no real meaning in this case for the release of my own token. Another reason to cash in on their fans against the background of a general hobby for the cryptocurrency. There are so many scammers around that it all reminds me of another soap bubble. Hope I am mistaken.

[tangbori]

Its really a great news for the whole cryptocurrency world. This juventus news will also entice other clubs in the world to also look into tokenizing their footballing affairs. I hope the ICO will be well organized so that it won't turn out to be irrelevant in crypto world.