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Sports

Fan Token burning

Fan Token burning is a thrilling process that involves permanently removing a specific amount of a particular Fan Token from circulation, all with the goal of making your team’s tokens even more valuable.

Burning is a very common practice in crypto, and is simply a way to reduce the circulating supply of a Fan Token meaning the tokens become more scarce.

We’re doing this to show our appreciation to our loyal community since as you know when you hold a Fan Token, you’re not just a passive supporter – you’re an active participant in the team’s success! Naturally, the Fan Tokens you hold will be safe from the fire.

Fan Token burning on big European Nights

Our commitment is to burn Fan Tokens each time one of our partner teams playing in Europe’s main club competition scores a goal or wins a game. We’ll do this for the remainder of the 2022/23 season, and with half of the eight teams currently active in the competition, you’re in for a treat.

So now, each time the following teams score or win a main European match we’ll burn a set amount of Fan Tokens at the rate displayed in the below table.

  • AC Milan
  • SSC Napoli
  • FC Inter
  • Manchester City

Burn Amounts

Team

Initial Fan Token Supply

Fan Tokens burned for every goal scored

Fan Tokens burned in case of a win

FC Inter

20,000,000

10,000

20,000

Manchester City

20,000,000

10,000

20,000

SSC Napoli

10,000,000

5,000

10,000

AC Milan

20,000,000

10,000

20,000

Please note that since Benfica’s Fan Tokens have not been released yet, they are not included in this edition of Fan Token Burning.

Burn Night: European Edition

Keep tabs on the remaining fixtures here:

First legs:

Tuesday 11th April 2023, 21:00 CEST.

Benfica v FC Inter

Manchester City v Bayern Munich

Wednesday 12th April 2023, 21:00 CEST.

Real Madrid v Chelsea

AC Milan v SSC Napoli

Second legs:

Tuesday 18th April 2023, 21:00 CEST.

SSC Napoli v AC Milan

Chelsea v Real Madrid

Wednesday 19th April 2023, 21:00 CEST.

Bayern Munich v Manchester City

FC Inter v Benfica

Semi-finals: First legs: 9th and 10th May 2023,

Second legs: 16th and 17th of May 2023 at 21:00 CEST

Final: Saturday 10th June 2023 at 21:00 CEST, in Istanbul’s Atatürk Olympic Stadium

Please note that since the FTO® for Benfica has not happened yet, their Fan Tokens will not be part of this edition.

At this stage of the competition, each match and goal can be vital. Now, as we idolise and watch our stars play, let’s see how many Fan Tokens we will burn at the end of the final whistle in Istanbul!

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