Cryptocurrency exchange Bybit will list fan tokens of leading European football clubs Paris Saint-Germain, Barcelona, Juventus, AC Milan, Inter Milan, Arsenal and Manchester City.
The listing of $PSG, $BAR, $JUV, $ACM, $INTER, $AFC, and $CITY tokens is accompanied by two promotions with a prize pool of $100,000 each. Bybit users must deposit at least $100 or exchange at least one of those seven fan tokens.
“Bybit shares the values of professional sports: integrity, teamwork and striving to be the best. We take pride in helping fans connect with their teams and sports icons,” said Bybit co-founder and CEO Ben Zhou.
The excitement about the promotion of sports team fan tokens in the crypto community is not shared at all levels. If users of crypto assets, as well as fan communities see positive prospects, then regulators, on the contrary, warn of the dangers of investing in fan tokens.
For example, the UK Advertising Standards Authority recently recommended that UEFA Champions League football clubs refrain from misleading advertising of fan tokens.
Source: Bits
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