South Africa and Scotland to Launch National Team Fan Tokens™

Two football federations are launching national team Fan Tokens™ on Socios.com during the Locker Room Internationals Final Stage.

The South African Football Association ($SAFA) and Scottish FA ($SFA) Fan Tokens™ will furnish holders with access to membership perks and rewards, enabling them to engage on a deeper level with the national teams in question.

While $SFA will have a launch price of $1, $SAFA will launch at $0.50.

How to Buy New Fan Tokens™ Through Locker Room Internationals

Locker Room Internationals is the access mechanism through which fans and traders can subscribe to new Fan Tokens™ during the launch window on Socios.com, and during this subscription period (21-28 May) users can reserve an allocation at the aforementioned price.

After the subscription period ends, confirmed participants will receive their tokens during the claim period (1-9 June), after which they will become tradeable on the Socios.com marketplace and, thereafter, on external exchanges.

Both the South African Football Association ($SAFA) and Scottish FA ($SFA) Fan Tokens™ will have a Locker Room Internationals (LRI) supply of 500,000 and a total supply of 20 million.

While the Locker Room Internationals allocation represents the initial circulating float, the remainder of the total supply of 20M is managed through the Chiliz protocol.

Token launches on Socios.com often generate concentrated trading activity during and immediately after the claim period, as initial holders establish positions and tokens enter price discovery on the marketplace.

An Expanding Asset Class

The arrival of two new national team Fan Tokens™ expands a growing asset class ahead of this summer’s tournament, which is set to be the most watched televisual event in history.

Today’s SportFi ecosystem spans 70+ tokens which are listed on a preponderance of crypto trading platforms. $SAFA and $SFA join existing national team Fan Tokens™ such as Argentina ($ARG), Portugal ($POR), and Italy ($ITA).

At the upcoming tournament, South Africa are drawn in Group A with Mexico, South Korea, and Czech Republic. Scotland are in Group C alongside Brazil, Morocco, and Haiti.

Ronnie McCluskey: Fan Tokens™ Market Reporter

Fan Tokens™ are a form of digital asset intended for fan engagement purposes, not for investment. Please note that (a) the value of Fan Tokens™ is variable and can go down as well as up; (b) Fan Tokens™ are unregulated in most countries; and (c) CGT (or similar taxes) may be payable on any profits made on the sale of Fan Tokens™. You should carefully consider buying or selling Fan Tokens™ as it entails risks and could result in a complete loss of funds. Fan Tokens™ are not suitable for those under-17. For more information visit the White Papers published as follows: $SAFA White Paper: https://www.socios.com/legal-hub/tokens/whitepapers/safa-whitepaper/en/ – $SFA White Paper: https://www.socios.com/legal-hub/tokens/whitepapers/sfa-whitepaper/en/