Paris Saint-Germain Fan Token is leading the gains in fan tokens category with over 100% daily gains in what is attributed to fundamental development in the sector.
Chiliz protocol, the platform operating Socios, launched the second phase of its Scoville testnet as part of a wider aspect of its mainnet. The surge in PSG fan tokens is also attributed to a new listing in BitPanda.
Chiliz’s decentralized exchange, PepperSwap, for token exchange and fan token test research will enable the holders to vote in governance.
The protocol is planning to eventually allow users to engage with the community of specified fan tokens and decide on the development aspects.
The sports sector has been an avenue for fans to support their favorite teams while engaging in their governance and management. Various tokens have seen a rise in popularity lately amid market volatility.