Argentina the first national football team to use Fan Tokens in engaging with their fans globally reportedly sold all its tokens within hours of launch amid strong buying pressures among investors and football fans.
The highly anticipated sale of 600,000 $ ARG tokens sold out in a span of few hours after the sale started, and caused the Socios platform to collapse due to an exponential high demand.
ARG tokens had an initial cost of $ 2 per unit, with a capped limit of 250 units per investor in its first pre-sale.
Still, a growing number of fans missed out on these sought-after tokens as the top football team’s Copa America campaign gets underway on Monday night against its strong rival Chile at Rio de Janeiro’s Estadio Nilton Santos in Brazil.
With the introduction of a significant number of non-fungible tokens, the Argentine Football Association partnered with Socios.com to develop and launch the Argentine National Team’s Official Fan Token.
Holders of these digital assets will be able to engage in giveaways, discounts, surveys souvenirs, and exclusive deals, thus creating their own exclusive experience, which will be tailored specifically for those who own these fan token.
The Argentine football team had already joined an elite roster of more than thirty leading sports brands that include that Juventus, AC Milan FC, Roma, Barcelona, Paris Saint-Germain, Manchester City, and Atletico Madrid.
Recent fundamentals envisage a huge upside in the Crypto asset, amid strong demand for the two-time world champions with data collated from fanmarketcap, a top fan token analytic tracker further revealed strong gains among a large number of sport fan tokens, as the total market value for sports tokens nears $250 million.