FB’s supply is capped at 190,700,000, a reference to the sport club’s founding year of 1907. 61% of the total supply is reserved for the treasury, 14% for marketing the token, and 10% for tech development. The final 15% will be sold to fans.
Can someone explain to me what is the point of a 'fan token' with a distribution like that?
(I get from the club's perspective, they get to raise a shitload of money ripping off their sucker customers, but what's in it for the so called 'fans'?)
Isn't this literally just an inefficient version of a membership database?
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15% of 190,700,000 "fan" tokens leaves 28,605,000 tokens for the fans. There is no way they will be worth 1 unit of local currency. Sports fans are notorious for being penny-wise yet pound-foolish, and they will gladly give up their money to "support the team/club."
Or maybe they want the fans to think they own a piece of the team?
For the Green Bay Packers of the National Football League, that's exactly what happened: the team is owned by the community through a stock company. (For a number of reasons which escape me, the NFL instituted rules which make it virtually impossible for the situation to repeat itself.)
The more likely reason is as you said, the club just want to make a ton of money off its fan base. It's almost like the 21st Century replacement for the season ticket (which itself is obscene).
Sports fans as a whole tend to be suckers for sports merchandise or memorabilia.Wait until the NFTs are released.
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With just 15% of the supply put aside for fans, owning these tokens literally means nothing...
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This is just another example of the early entrants using it as a money grab. "Influencers", whether it is teams or individuals, need to think of how to keep enhancing value to their fans/followers/users.
Here we see another system of extraction.
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