Re: Clubs fan token now in crypto market

Quote from: Lordhermes on June 30, 2020, 01:39:48 PM

I just checked on coins recently added on coinmarketcap yesterday and I noticed something slight different in the cryptocurency ecosystem. I saw a series of European Football Clubs token as a trading asset, all are listed on one crypto exchange www.chiliz.net

Here are all the football club fan tokens
1. Galatasaray Fan Token(GAL)__ https://coinmarketcap.com/currencies/galatasaray-fan-token/markets
2. FC Barcelona Fan Token (BAR) __ https://coinmarketcap.com/currencies/fc-barcelona-fan-token/markets
3. Paris Saint Germain Fan token(PSG) __ https://coinmarketcap.com/currencies/paris-saint-germain-fan-token/markets

I have been able to come up with questions to ask here.

*What are the purpose of chiliz teams listing these clubs token on their exchange.?
*Are those official football Clubs aware of this, if the exchange is practicing impersonation?

I think football club doesn't have idea that there are project using the popularity of them to launch a token, if they know they will make an announcement about it to get more support from their fans.
The porpuse is simple they want to create money from it if this one only listed in one exchange then possible that the owner of that exchange have control of that tokens.