OG Fan Token

An introduction to the OG Fan Token, issued by Socios.com

The OG Fan Token - $OG - is a Fan Token (utility token/digital asset) that is designed to give fans of OG, an esports team, a tokenized share of influence in the club decisions.

Socios.com is the world’s first blockchain-powered Fan Engagement application, fans can acquire Fan Tokens, participate in club decisions, access exclusive rewards, and collect in-app loyalty points (SSU) to redeem free tickets and unique experiences through the fan rewards shop.

Owning one $OG Fan Token is all it takes to take part in official club decisions. Utilizing your Fan Token does not consume it, meaning, voting in a poll will only ‘lock’ your Fan Token for the duration of the poll and it will be unlocked once the vote has been completed. Fan Tokens have no lifetime, so fans can keep influencing their team until they decide to sell their tokens on.

Engage in games, polls, trivia, and accumulate SSU in exchange for club rewards such as merchandise, money-can’t-buy experiences, digital collectibles, and much more.

Key Metrics - Last updated - Nov 2022

What is a Fan Token?

Fan Tokens are a new digital asset class pioneered by Chiliz & Socios to act as a fan engagement tool for the sports and entertainment industry. Whilst Fan Tokens are not a direct financial investment product, they can be bought/sold/traded on certain exchange platforms, allowing users effectively to ‘sell’ the digital asset if they are no longer interested in participating in club decisions/rewards.

There are now multiple issuers of Fan Tokens.

What can I do on Socios?

Utilize your Fan Token to vote in club decisions. Collect SSU loyalty tokens to spend in the fan rewards shop. Predict football match scores. Climb the leaderboards and show the world you’re more than a fan. Participate in a geolocation augmented reality game to hunt for Fan Tokens and CHZ for free. Participate in in-app minigames with a chance to win rewards. Supercharge your fan experience. Collect Matchday NFTs and physical & digital memorabilia (NFT 2.0). Get cashback for your purchases on the official club websites.

Token Release Schedule

The OG Fan Token has a monthly linear vesting/unlock schedule of 4 years, of which up to 1,250,000 $OG tokens can be unlocked per year, starting from June 2020.

A Fan Token unlock does not necessarily correlate with an increase of circulating supply. This may depend on market conditions. Revenue generated by tokens sold goes directly to the club following Socios’ commission.

What is the Chiliz Chain?

Chiliz Chain is an EVM (Ethereum Virtual Machine) compatible blockchain built for the Sports and Entertainment industry. All Fan Tokens issued by Chiliz / Socios are initially issued on the Chiliz Chain. Chiliz Chain was launched as a Proof-of-Authority chain with no access for developers. Chiliz Chain is currently being overhauled to welcome whitelisted developers to build Smart Contract based applications.

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