Team Vitality is one of the largest European esports organizations based in Paris, France. He just revealed he would release fan token through the platform to engage fans and rewards Socios.com, and its dedicated app.
Team Vitality Mints 7 million fan tokens
The fan token will have a name $VIT and will be available for fans to purchase from next month. Team Vitality will break 7 million chips in total . Their initial price will be $ 2
USD for the token. Team Vitality and Socios.com did not disclose the financial details of the agreement.
The announcement was first posted on Twitter, where Team Vitality shared a fun and bizarre video showing the atmosphere of the band's home country. The film tells the viewer in French in an inspiring way that "it's time to take your fate into your own hands."
The message of the film refers to same concept of fans of tokens: They are a way for esports fans to vote in polls by the appropriate token organization, earn special promotions, join premium chats and live events, and more. Token holders can influence or be informed about decisions made by the organization and thus about the video transmission.
Fan tokens are stamped on blockchain Chilizwhich is also used by other sports and eSports organizations. These include FC Paris Saint-Germain, FC Barcelona, UFC, PFL, Alfa Rome Racing ORLEN and others for sports, and Natus Vincere, Team Heretics, OG and Team Alliance for esports.
$VIT as a way to develop an organization
The Vitality team shared that the launch of the $VIT fan token is aimed at increase fan engagementwhile providing them with something of high value. Fans like it when their opinion matters, so the tokens are sure to be used by the organization's most die-hard fans.
Team Vitality shared that they feel blessed to be such an engaged and creative fanbase and we hope Vitality esports enthusiasts will welcome the introduction of fan tokens. Vitality is also excited to partner with Socios.com as the latter is well established as the leading fan token platform for many of the world's popular sports and esports teams.
The esports team teased fans that they would soon be able to buy tokens and use them as an important and exciting poll.
General Director of Socios.com, Alexandre Dreyfus, is delighted that Team Vitality is the platform's fifth notable esports partner. Dreyfus believes a fan token can only help boost Vitality's popularity among esports enthusiasts.
Team Vitality already has several other notable partners and sponsors. Among the companies of the world brand of sports clothing Adidas.