Huobi Global and Chiliz (CHZ) launch the Fan Token Zone

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Fan communities are very important in the blockchain industry. They can make a huge contribution to the development of a network, platform or association. To stimulate and encourage the development of these communities, one of the largest cryptocurrency exchanges in the world, Huobi Global, has signed a partnership agreement with Chiliz (CHZ) to launch the Fan Token Zone.

Token to encourage the development of fandoms

Huobi Global and Chiliz (CHZ) have signed a strategic partnership agreement to launch the Fan Token Zone. The latter will take care of the specific management of fan tokens on the Huobi Global platform. The fan token area will be indicated four token fans linked to major football teams, namely: PSG, ATM, SE and OG. Keep in mind that fan tokens help increase the engagement of the fan community. For example, they offer their owners the opportunity to participate fully in the development of a football team.

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In fact, fan tokens are special cryptocurrencies issued to members of the fan community. They differ from NFTs in that they are interchangeable, i.e. interchangeable. For example, their owners can exchange them for rewards or VIP experience.

However, Huobi Global has decided to celebrate their new collaboration with a special event called PrimeBox x CHZ Fan Token. the event occurs from 19 to 29 July. Users participating in the PrimeBox x CHZ Fan Token can win a share of the $ 2 million prize pool. You also have the opportunity to earn NFTs.

To participate in the development of the Web3 and DAO areas, Huobi Global has decided to collaborate with Chiliz to launch the Fan Token Zone. The Fan Token Zone allows users to exchange various fan tokens to encourage and accelerate the development of fan communities and decentralized autonomous organizations (DAOs).

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Source: LinkedIn

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