French esports organisation Group Vitality has introduced plans to launch fan tokens on blockchain-based fan engagement and rewards utility Socios.com.
The deal, in partnership with blockchain supplier Chiliz, will see holders of the $VIT Fan Token receive entry to unique Group Vitality content material, activations and store vouchers.
Furthermore, token holders will achieve the chance to attend a number of the organisation’s occasions as particular company. Group Vitality can even host month-to-month polls the place followers can affect choices.
Nicolas Maurer, CEO of Group Vitality, commented: “At Group Vitality we’re fortunate to have a number of the most inventive and engaged followers in esports, and we’re at all times on the lookout for methods to collaborate extra intently and supply them new experiences.
“Socios.com has a observe document of offering an revolutionary Fan Token platform for some large sports activities and esports manufacturers, and we’re proud to companion with them. Our first ballot is a really thrilling one which we’ll be saying within the coming days and I can’t wait to see how our followers vote.”
The $VIT Fan Token will launch on July 1st and will likely be priced at €2 (~£1.71) every throughout the preliminary sale. A complete of 7m of Group Vitality’s digital collectables will likely be minted on the Chiliz blockchain.
Alexandre Dreyfus, CEO of Chiliz and Socios.com, said: “Group Vitality is France’s primary esports organisation. They’re already an absolute powerhouse of the esports world, however with the launch of the $VIT Fan Token they may be capable of broaden their attain exponentially, rising their distinctive, thrilling model on a worldwide scale.
“Vitality have actually grasped what Fan Tokens are all about and followers can sit up for some groundbreaking, unprecedented engagement alternatives on the Socios.com app — in addition to some actually cool rewards too from the second the Fan Token launches in only a few weeks time on July 1st.”
Group Vitality shouldn’t be the one esports organisation to launch fan tokens on Socios.com. The likes of OG, NAVI, Team Heretics and Team Alliance, have additionally introduced comparable activations up to now.
“We now have 5 main esports organisations on our roster, which is certainly a milestone for us, however there may be nonetheless immense potential for development on this house, each when it comes to exercise with our current companions and new partnerships,” added Dreyfus.
Esports Insider says: Given the profitable launches of different orgs’ fan tokens on Socios.com, Group Vitality has recognized the advantages of getting a fan token system. Fan tokens like these are a compelling manner for organisations to bolster fan engagement and herald a further income stream on the identical time, while additionally being inexpensive virtually for any fan.