Team Vitality is one of the biggest European esports organizations operating out of Paris, France. It just revealed that it would be releasing a fan token through the platform for fan engagement and rewards Socios.com, and its dedicated app.
Team Vitality Mints 7 Million Fan Tokens
The fan token will be called $VIT and will be available for fans to purchase starting next month. Team Vitality will mint a total of 7 million tokens. Their initial price will sit at $2.38 USD per token. Team Vitality and Socios.com didn’t reveal the monetary details of the bargain.
The announcement was first made on Twitter, where Team Vitality shared fun and quirky video, capturing the atmosphere of the team’s home country. The video inspiringly tells the viewer in French that “it is time to take destiny in your own hands.”
The video’s message alludes to the very concept of fan tokens: they are a means by which esports fans can vote in polls made by the token’s respective organization, earn special promotions, join premium chats and live events, and more. Token holders can influence or be informed of decisions made by the organization, thus the video’s message.
Fan tokens are minted on the Chiliz blockchain, which is also used ph646 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 Means to Grow The Organization
Team Vitality shared that the launch of the $VIT fan token aims to boost fan engagement while providing them with something of high value at the same time. Fans like it when their opinion matters, so the tokens are sure to be put into use by the organization’s most ardent fans.
Team Vitality shared that they feel blessed to have such an involved and creative fanbase and hope that Vitality esports enthusiasts will welcome the introduction of fan tokens. Vitality is also excited to work together with Socios.com as the latter is well-established as a leading fan token platform for many globally popular sports and esports teams.
The esports team teased fans that they will soon be able to buy tokens and put them into use as an important and exciting poll will be coming soon.
The CEO of Socios.com, Alexandre Dreyfus, is thrilled to have Team Vitality as the platform’s fifth notable esports partner. Dreyfus is firm that the fan token can only help to expand Vitality’s popularity among esports enthusiasts.
Team Vitality already boasts some other notable partners and sponsors. Among those in the global sportswear brand Adidas.
