UFC Fan Token update: UFC Live price, price chart, news and markets

The UFC price update as of now is $0.4475. In the previous 24 hours, its trading volume was $681, and its value has decreased by -0.76%. As of now, UFC's live market cap is $8,691,882, and it is ranked as the #3705 on the Coincu. UFC has a circulating supply of 20,000,000 and a maximum supply of 20,000,000.

Introducing the UFC Fan Token

The UFC Fan Token is a unique digital asset that grants UFC fans a tokenized share of influence over various decisions within the UFC. Fans can acquire these tokens through Socios.com, a platform specifically designed for consumer engagement. By participating in the platform, fans can partake in a wide array of decisions. This includes selecting goal celebration songs and determining matchups between MMA fighters. Moreover, fans can also earn rewards and gain access to exclusive experiences that money can't buy. These experiences range from meeting and greeting their favorite fighters to enjoying VIP treatment at stadiums. To acquire Fan Tokens, fans can purchase Chiliz (CHZ) Tokens via Socios.com, which can then be exchanged for UFC Fan Tokens.

Understanding the Mechanism of Fan Tokens

Fan Tokens are initially sold through a process called Fan Token Offering (FTO). FTOs serve as the launch phase of Fan Tokens, allowing fans to purchase tokens at a fixed price. This process follows a similar principle to flash sales and is intended to ensure a fair distribution of tokens during the initial phases of partnership launches on Socios.com. Before being listed on Chiliz.net, the world's first tokenized sports and entertainment exchange, a portion of the total Fan Token supply is allocated to users. This grants dedicated fans the opportunity to gain early access to upcoming Fan Token launches, which will eventually become available to all users.

Powerful Partnerships and the World of Fan Tokens

Socios.com is proud to collaborate with a diverse range of global sport organizations to launch their respective Fan Tokens. These partnerships include some of the biggest names in the sports industry. Renowned European soccer clubs such as FC Barcelona, Paris Saint-Germain, Juventus, AC Milan, and Manchester City have all joined the platform to launch their own Fan Tokens. Additionally, other notable partnerships include the prestigious MMA organization UFC, NASCAR team Roush Fenway Racing, NHL team New Jersey Devils, Formula One team Aston Martin, and the Argentine Football Association.