What are your opinions about fan tokens? I'm thinking to invest in them

[The Planner]

Did anyone note that the fan tokens always recover fast against bitcoin?
Fan tokens like (Santos, Lazio, Porto, Alpine, ASR, ATM, ACM, JUV, BAR, OG)

I'm thinking to invest some money in Binance' fan tokens (Santos, Lazio, Porto, Alpine) because I see them are moving in a side way on the weekly time frame, and recently they have a high buying volume on the weekly chart.

Also they have a low market cap and low circulation supply, and also tokens utilities, besides that they are been backed by binance.

So what are your opinions guys about investing some money in them?

[waybesuricata]

I have been following the fan tokens released by Socios for a long time. I hold some of them and trade some of them. They sometimes make drastic moves during the market stagnation or bear period. For example, there have been serious increases in some fan tokens recently.

[MAAManda]

So what are your opinions guys about investing some money in them?

If I were you, I wouldn't even invest $0.01 into Fan Tokens, they have no clear utility, just like the majority of NFTs.

They are like an entity that only wants to take advantage of the crypto ecosystem. Don't just be tempted by low MC and low supply. It has even become a law that tokens with a low MC will be very easy to pump or dump. There are tons of coins/tokens that have a clearer utility than Fan Tokens, so it's better to invest your money there than Fan Tokens.

[examplens]

Did anyone note that the fan tokens always recover fast against bitcoin?
Fan tokens like (Santos, Lazio, Porto, Alpine, ASR, ATM, ACM, JUV, BAR, OG)

I'm thinking to invest some money in Binance' fan tokens (Santos, Lazio, Porto, Alpine) because I see them are moving in a side way on the weekly time frame, and recently they have a high buying volume on the weekly chart.

Also they have a low market cap and low circulation supply, and also tokens utilities, besides that they are been backed by binance.

So what are your opinions guys about investing some money in them?

whether anyone has followed, whether these tokens have any relation to the size of the fan base of a particular club? also, whether there is any connection between the value of the token and the activities of the club, new signings or the results of the competitions?
which parameter is generally crucial for the value of such tokens (except Bitcoin price of course)

[Yogee]

.....

whether anyone has followed, whether these tokens have any relation to the size of the fan base of a particular club? also, whether there is any connection between the value of the token and the activities of the club, new signings or the results of the competitions?
which parameter is generally crucial for the value of such tokens (except Bitcoin price of course)

You have to know the utilities of these fan tokens first before you can answer those questions. They seem to have some sort of a governance like what we see in DAO voting plus some exclusive perks. Bottom line is that the value of the token depends on how happy these fans are for their club. Everything the club do affects the fans and that may also affect the price.

[kawetsriyanto]

I never invested in fan tokens but I guess those are almost the same as other altcoins. What makes them a bit different is probably their fundamental based on the club issues. Not really sure they will be secure enough to invest since the hype of most fan tokens are only in the launching of the tokens (first-time listing). After launching the tokens on an exchange for several months, then the prices of the fan tokens drop drastically. Honestly, I am worried to invest in fan tokens.

*Please do some research first on them before buying: https://www.coingecko.com/en/categories/fan-token

[TelolettOm]

At first, I thought that these fan tokens are very worthy tokens with great utility so that the developer will make great development and at least will not let the price crash so much. But in fact, there is nothing to trust them all. I have invested in PSG and LAZIO, but I think that I made some mistakes on investing in them. But I am still holding the tokens because of no choice but to sell them for big losses. I still hope that the tokens can survive during this bear era and will have certain increasing development and price in the future. In fact, although they are fan tokens of big clubs, it doesn't guarantee that the adoption will be high and valuable enough.
So, I think that you should do more research on them before investing.

[bitkanu]

they are great, but as a fan token only, which means that they may not be suitable for an investment purpose after all the main reason anyone gonna be holding this kind of coin because they are a fan, but considering that you are interested in its valuation sideway every week then maybe you could give it a go.
but remember that if you are really looking for an investment option that you gonna hold for long term maybe this kind of altcoin that are being called fan token aren't gonna perform really well, it's an NFT after all and some NFT could be very useless if compared with ordinary altcoins.

[n0ne]

Only positive thing about the fan tokens is the backing by Binance, other than the backing these fan tokens doesn't have any real time utility. The fan followers where the major contributors to this projects. Apart from this utility of a fan tokens is for the prediction/voting. When the particular team match is going on, fans who hold certain volume of tokens were able to predict/vote. So, these are long term investment opportunities where one can get lucky.

[bittick]

FAN token was pure hype. This has no utility other than become a way to support the club or something like to showing how loyal the supporter to the clue that already supported. I see no reason to buy this or even used this as investment. This is pure pump and dump token.

A bit surprised to see that if there are people who consider this as investment. I will never ever buy this fan token other than used it as a speculation token only for the future pump.

For me this is a worthless token

[sheenshane]

The same on meme tokens, there's no utility and it made the price up due to might a hype by the community.
You can try but only a small amount, for sure it will hype, and later on, it will become a shit token, though it was backed up by Binance anytime Binance will delist them once they found out that there's a pump and dump on this token.

Fan token deserve no good when it comes to financial investment.  It's extremely volatile and it's unlikely there's no ROI will come.
DYOR first before putting your money.

[Vaculin]

.....

whether anyone has followed, whether these tokens have any relation to the size of the fan base of a particular club? also, whether there is any connection between the value of the token and the activities of the club, new signings or the results of the competitions?
which parameter is generally crucial for the value of such tokens (except Bitcoin price of course)

You have to know the utilities of these fan tokens first before you can answer those questions. They seem to have some sort of a governance like what we see in DAO voting plus some exclusive perks. Bottom line is that the value of the token depends on how happy these fans are for their club. Everything the club do affects the fans and that may also affect the price.

Investing in different tokens are mostly associated with risks. So if you decide to invest in those fan tokens, not only the utility cases that you have to consider but also the security of those coins as i think they are mostly dependable on the outcome of what the club is into. I think it's better to invest on established coins than to risk your money in those tokens who have not yet proven their real utilities, as they can easily lose their value and might end up with the same fate of other useless tokens.

[X-ray]

where from the utility was coming for this token? I don't see that beside to be used as a payment for the its supporter to buy some things like merchandise and ticket. The chart looks like a meme token with some pumps and then dumped again.
fan token designed not to be an investment. It's a way for its supporters to get an alternative payment for something like merchandise and other.

Im sure that governance was not even working with this token.

[poodle63]

really the sole utilities presented by most of these fan tokens are just merchandise and nothing more, you could somehow imagine that in the future there aren't gonna be any meaningful innovation since they created this fan tokens just for money and nothing more.
it's different if you compare it with most of the smart contract based altcoins that could always have great projects coming up in their platform that could somehow contributes in the valuation of the altcoin.
So if you are trying invest in it, just consider it that kind of low return investment.

[TravelMug]

Also they have a low market cap and low circulation supply, and also tokens utilities, besides that they are been backed by binance.

This is not a recipe for a successful project. To be honest, I found this like a pure hype tokens, (no offense to those individuals).

And what utilities are you talking about here? care to elaborate?

Again, I'm not into this kind of tokens, it's better to just look for solid altcoins that is on the top 20, even though they are expensive, they could be a good long term hold. And this is the best time to buy this because it's cheap.

[hd49728]

Investing in different tokens are mostly associated with risks. So if you decide to invest in those fan tokens, not only the utility cases that you have to consider but also the security of those coins as i think they are mostly dependable on the outcome of what the club is into. I think it's better to invest on established coins than to risk your money in those tokens who have not yet proven their real utilities, as they can easily lose their value and might end up with the same fate of other useless tokens.

Investment is risky. Investment in cryptocurrency has higher risk. Higher risk, higher potential profit.

Nevertheless, there is potentially higher profit, there is higher risk so make sure investors do due diligent research before any decision, any investment. Furthermore, don't make decision to invest in any project with any promising utility. Because utility is written in White paper, in Protocol but to turn it into real products and have products work well since a main net launch to hype on a chain are different and very challenging.

Bitcoin, Ethereum network had serious issues in 2017. In this 2020 bull run, we had Solana and what happened since 2022 shows that even they are a good project, backed by FTX exchange, there are big issues that are not easy to handle. Especially issues relate to protocol and technical drawbacks.

Fan tokens are funny and even they have utilities, I don't put too much belief and capital into fan tokens.

[asriloni]

Think again with it. Fan token was not an investment. It can give you a big profit but it can also make you lose all of your money. I will avoid to invest in this shit. The fan token was only a gimmick. Even if some seeing this as governance token and this will not give a lot of impact to the team's decision. I see no benefit by owning this token other than become a speculation purpose. people are actively buying this token caused by they do believe with the pump that can occur anytime.
Fan token was only a gimmick

[Anonylz]

My suggestion will be to buy bnb and hold, this bear market shows how resilient bnb is, it is a coin with strong utility and great demand with a periodic burn. But the choice is yours if you want to go buy some fan tokens, I don't hold any and I don't know what is their importance to the club they represent, are they in any way used in these clubs online or offline to generate value to the tokens!
If you want to take a chance it will be better not to invest too much on it imo.

[avikz]

Did anyone note that the fan tokens always recover fast against bitcoin?
Fan tokens like (Santos, Lazio, Porto, Alpine, ASR, ATM, ACM, JUV, BAR, OG)

I'm thinking to invest some money in Binance' fan tokens (Santos, Lazio, Porto, Alpine) because I see them are moving in a side way on the weekly time frame, and recently they have a high buying volume on the weekly chart.

Also they have a low market cap and low circulation supply, and also tokens utilities, besides that they are been backed by binance.

So what are your opinions guys about investing some money in them?

All the best! I wouldn't suggest you to invest even a single dime into any fan tokens. These are mainly NFTs and not coins in reality. So these coins don't have any utility unless you want to buy some official merchandise from the issuers. So these are bad choice for investment and holding.

I am not sure what do you mean by - backed by Binance? none of these coins are "backed" by Binance. They are just using Binance chain and Binance doesn't take responsibility of the value of these tokens. There are thousands of token using ETH chain, does that mean ETH backs these tokens? Nope! So if you really want to invest, use the pioneer coins like Bitcoin, ETH etc. Not these fan tokens which don't have any utility.

[leea-1334]

What do you need to think? I see all those Lazio Barca Juventus PSG fan tokens and they are suffering the same fate,,, if not much worse than regular coins.

The real fans watching games will never buy those tokens, trust me. They would rather even buy Panini stickers than waste money giving tokens their funds. Not all the fans like this kind of moneygrubbing commercial activity.

Where is the real utility?