UFC to Launch Fan Token for Millions Around the World – Bitcoin News


UFC, the world’s largest MMA promotion, is getting ready to mint its personal token. The corporate, which has performed a key function within the rise of the fight sport’s recognition, now needs to supply a rising fan base with entry to unique content material, rights, and rewards utilizing blockchain expertise.

UFC Fan Token to Have a Most Provide of 20 Million

The Final Combating Championship (UFC) introduced this week it’s going to launch the $UFC Fan Token subsequent month. The coin will likely be minted in partnership with Chiliz, a blockchain firm that gives providers to the sports activities and leisure industries. The transfer is anticipated to extend fan engagement amongst tens of millions of followers all over the world. UFC detailed on its web site:

The $UFC Fan Token is scheduled for launch on Socios.com in June and could have a most lifetime provide of 20 million.

European soccer giants akin to FC Barcelona, AC Milan, Paris Saint-Germain, and Manchester Metropolis are already working with Chiliz. The corporate has additionally held talks with System One and e-sports groups, in response to a Reuters report, and its tokens are listed on Binance. The branded fan tokens, which will be bought on its Socios.com platform and cell app, enable holders to obtain varied engagement-based rewards and even affect their favourite groups via voting.

The community now has 26 companions, together with the Skilled Fighters League which issued its personal token in April. The Socios.com platform is constructed and runs on high of the Chiliz blockchain infrastructure and fueled by its $CHZ foreign money. Fan tokens are minted utilizing the Chiliz blockchain and sensible contracts facilitate well-liked voting.

UFC Token for Over 600 Million Followers

UFC has greater than 625 million followers all over the world, in response to an estimate quoted by Tracey Bleczinski, Senior Vice President, UFC World Shopper Merchandise. “We’re frequently in search of methods to extend engagement with our followers… and Fan Tokens are a singular strategy to join with them via a compelling, genuine product that brings them nearer to UFC and provides them affect, whereas additionally rewarding their ardour for the game,” Bleczinski famous.

It’s Time: UFC to Launch Fan Token for Millions Around the World

Alexandre Dreyfus, CEO of Chiliz and Socios.com, added that the fan tokens will empower UFC to attach with its international following like by no means earlier than. “We’re delighted to welcome UFC to our rising roster of Fan Token companions,” stated Dreyfus, quoted in a press launch by Chiliz. The Malta-based firm continues its international growth with plans to open new workplaces in Madrid, New York and Sao Paulo this yr.

UFC has been the key promotion in blended martial arts for many years, attracting many of the finest fighters within the sport. The Las Vegas-based firm organizes MMA occasions all over the world. Beneath its long-term president Dana White, UFC has grown to a multi-billion greenback enterprise and its model identify enjoys international recognition.

What do you consider UFC entering into fan tokens? Share your ideas on the announcement within the feedback part beneath.

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