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Fan Tokens Explained

$EFC Fan Token


Working with Socios.com, Everton have created the $EFC Fan Token.

Fan Tokens are a new way for supporters to connect with their Club by taking part in polls together with winning prizes and rewards such as official products, match tickets and VIP experiences.

Please note: $EFC Fan Tokens are a form of cryptoasset that can be purchased on the Socios.com app using the digital currency, Chiliz ($CHZ).

Although we only promote $EFC Fan Tokens as a tool to engage with the Club, we recognise that a secondary market for trading does exist. As such, please be aware that: (a) cryptoassets can fluctuate in value and could potentially lead to large losses; (b) cryptoassets are unregulated in the UK; and (c) capital gains tax may be payable on any profits made on the sale of cryptoassets.

The decision to open a cryptoasset exchange account on the Socios.com App and purchase $CHZ and/or $EFC Fan Tokens requires careful thought and consideration. We advise you to spend only what you can afford and always seek independent financial advice if required. You should not purchase any cryptoassets if you do not fully understand the nature of your purchase and the risks involved.

We recommend that you refer to the Socios App Terms and Conditions and Help Pages for more information.

The $EFC Fan Token is now available on the Socios.com App, meaning those fans that were unable to purchase Fan Tokens during the initial Fan Token Offering (FTO) have another opportunity to purchase.

As Fan Tokens are finite in number, it means the price of the Fan Token can fluctuate in accordance with the demand in the marketplace at the time of purchase. $EFC Fan Tokens do not expire and more features will be added to the Socios.com app, increasing the benefits for Fan Token holders.

$EFC Fan Tokens provides Evertonians with a new international digital service that complements the Club’s existing membership options.

FAQs

Learn more about our partnership with Socios.com and how to become the owner of a collectable $EFC Fan Token.
Why have we partnered with Chiliz/Socios?
Why have we partnered with Chiliz/Socios?
Our partnership with Chiliz/Socios offers an exciting commercial opportunity for Everton, while also giving supporters the chance to get closer to the Club. Chiliz/Socios gives Everton the opportunity to move into a new digital engagement space with a direct-to-consumer app, that uses blockchain technology, to provide new ways for Everton to interact with different types of fans through polls and money-can’t-buy experiences. This includes supporters from around the world who may not have the opportunity of engaging with the football club regularly.
What Is A Fan Token?
What Is A Fan Token?
Fan Tokens are collectable digital passes that never expire. As well as being yours to keep forever the $EFC Fan Token also gives you enhanced access to Everton. Think of it as a piece of digital memorabilia that allows you to vote in polls, get access to VIP experiences or take part in the many in-app activities, competitions, quizzes and games. They are highly collectable, with many people taking the opportunity to collect tokens from different Clubs and associations across a range of sports. This is only open to people aged 18 or over. Fan Tokens are digital assets that have been officially recognised as utility tokens by world-leading regulatory authorities.
How do I get an $EFC Fan Token?
How do I get an $EFC Fan Token?
$EFC Fan Tokens will be available to purchase on the Socios.com app from midday (BST) on Thursday 28 October. Once you have downloaded the Socios.com app from iTunes or Google Play, you will need to buy $CHZ first – this is a cryptocurrency, think of it as the currency used on the Socios platform to purchase your token. You then simply exchange your $CHZ for collectable $EFC Fan Tokens. You can purchase $CHZ by simply using your credit or debit card. Please remember that the value of $EFC Fan Tokens is dependent on supply and demand and can therefore go up as well as down. Purchasers are advised to only spend what they can afford.
How can I vote in the polls and take part in the fan experiences?
How can I vote in the polls and take part in the fan experiences?
The polls and various fan experiences will be available through the Socios.com app. Details on the first polls, rewards and money-can’t-buy experiences for $EFC Fan Token holders will be revealed in the coming weeks – with some shaped by Evertonians. You only need one $EFC Fan Token to take part in the polls and experiences. Although the weight of your vote is defined by the number of Fan Tokens you own, we’ll cap each poll at a certain number of Fan Tokens to keep things fair.
Is this a way of monetising fan engagement?
Is this a way of monetising fan engagement?
No. The Club’s Fan Engagement team will continue to deliver their highly regarded campaigns and activities across the season with the wider fanbase, separate from this partnership. However, the fan experiences and opportunities created by this partnership come from the rights Chiliz/Socios have acquired as a partner of Everton. They have chosen to tailor their access to player appearances, match tickets and other elements of their partnership inventory to create new fan experiences, that would otherwise have not been possible. Everton and Chiliz/Socios will be working with fans, fan groups and $EFC Fan Token holders to help shape the money-can’t-buy fan experiences on offer.
Can I sell my Fan Tokens?
Can I sell my Fan Tokens?
$EFC Fan Tokens are digital collectable assets and are yours to keep for life. Much like receiving a signed shirt or piece of Everton memorabilia. The only difference is that your $EFC Fan Token brings you closer to Everton through a range of polls, money-can’t-buy experiences, competitions and quizzes. While supporters are encouraged to keep and cherish their collectable $EFC Fan Token(s) as well as being reminded that the intention of purchasing the digital tokens as fans is not around trading, should you really want to sell your token you can list it for sale and trade it through the Socios.com app. This would involve converting the token back to $CHZ and then back into your chosen currency. Please note there may be a minimum limit on withdrawals and remember that the price of your $EFC Fan Token is dependent on supply or demand, it can therefore go up as well as down. Supporters are advised to only spend what they can afford and also seek independent financial advice if required.
I don’t understand some of the terms especially cryptocurrency and blockchain?
I don’t understand some of the terms especially cryptocurrency and blockchain?
A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Unlike physical currencies, cryptocurrency only exists in digital space and can only be ‘spent’ on certain platforms. In order to purchase $EFC Fan Tokens on the Socios.com app you must use a cryptocurrency called $CHZ. It is really easy to purchase and can be done through a credit or debit card on the app. Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. The Socios.com app uses Blockchain as a secure, online, anonymised database of all Fan Token purchases. For the first time, the technology will allow Socios to verify ownership of digital assets in an open, trusted and purely transparent way. The Blockchain also helps maintain the integrity of the polls.