Bybit lists fan tokens for European football clubs

The cryptocurrency exchange Bybit has added seven fan tokens for football clubs: Paris Saint‑Germain (PSG), Barcelona (BAR), Juventus (JUV), Milan (ACM), Inter (INTER), Arsenal (AFC) and Manchester City (CITY).

The digital assets were created on the Chiliz sidechain and are compatible with the fan app Socios.com.

The fan tokens trade in spot pairs against Tether (USDT). Holders will be able to vote on club decisions, as well as receive VIP service, rewards from the teams and free tickets to matches.

“We are pleased to help fans become even closer to their favourite teams and idols. Bybit shares the values of professional sport: integrity, teamwork and the pursuit of excellence,” said Ben Zhou, co-founder and CEO of the trading platform.

To mark the listing, Bybit launched two promotions with prize pools of 100,000 USDT each. To participate you must:

• register on event page;
• deposit or trade the fan tokens on the platform;
• reach net deposit volume of at least 100 USDT or a trading volume of at least 100 USDT.

Bybit ranks the leaders in each category. The top finishers will receive:

• 1–3 places — 5,000 USDT;
• 4–10 places — 3,000 USDT;
• 11–100 places — 300 USDT;
• 101st place and beyond — 10 USDT.

Rewards do not accumulate. If a user participates in two events, they will receive a single larger prize. Organisers will award the prizes within thirty working days of the event’s end.

Bybit — a cryptocurrency exchange for spot and futures trading in 230 trading pairs. The platform is the main partner of Formula 1 racing team Oracle Red Bull Racing, as well as Borussia Dortmund and Avispa Fukuoka football clubs.

Earlier, Bybit conducted the listing of the NFT-platform token DEFY.

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