Team Vitality, has announced they will launch a fan token on fan engagement and rewards app Socios.com on July 1st 2021. This is a step being taken in an effort to continue building upon their esports status and brand expansion. Team Vitality posted the following announcement on Twitter.
Vitality’s own $VIT fan token:
The $VIT fan token will launch on July 1st with a lifetime supply of 7 million tokens, initially offered at €2 each. Team Vitality will use fan tokens to empower their fanbase with a selection of unique and exciting rewards. Fans who purchase $VIT fan tokens will have access to exclusive content, activations around Team Vitality players, shop vouchers and also have the opportunity to attend events as special guests.
Team Vitality will also host monthly polls where its fans can vote and have a direct impact on key organisational decisions. The subject of Team Vitality’s first poll is set to be announced very soon.
At Team Vitality we’re lucky to have some of the most creative and engaged fans in esports, and we’re always looking for ways to collaborate more closely and offer them new experiences. Socios.com has a track record of providing an innovative Fan Token platform for some huge sports and esports brands, and we’re proud to partner with them. Our first poll is a very exciting one which we’ll be announcing in the coming days and I can’t wait to see how our fans voteNicolas Maurer, CEO, Team Vitality
Team Vitality is France’s number one esports organization. They are already an absolute powerhouse of the esports world, but with the launch of the $VIT Fan Token, they will be able to expand their reach exponentially, growing their unique, exciting brand on a global scale.
We now have 5 major esports organizations on our roster, which is definitely a milestone for us, but there is still immense potential for growth in this space, both in terms of activity with our existing partners and new partnerships.Alexandre Dreyfus, CEO of Chiliz and Socios.com
What are fan tokens?
Fan tokens are collectable digital assets, minted on the Chiliz blockchain, that provide owners with access to voting rights in polls, VIP rewards, exclusive promotions, chat forums and more on Socios.com. These give the token holders a vested interest in key decisions regarding the organisation. Chiliz has been the industry leader in fan tokens for some time now, having launched fan tokens previously for esports organisations like OG, NAVI, Team Heretics and Team Alliance on the platform.
Not only esports organisations, but Chiliz has also launched fan tokens for top football clubs Paris Saint-Germain, FC Barcelona, Juventus, Manchester City, Atlético Madrid and the Argentina national team. Leading MMA organisations the UFC and PFL have also launched Fan Tokens on Socios.com, as well Aston Martin Cognizant and Alfa Romeo Racing ORLEN of Formula One™.
This partnership from Vitality comes after a host of sponsorship and partnership deals already announced in 2021, including their deals with Adidas and SCUF Gaming, This move will give fans unprecedented influence on key organisational decisions and will certainly lead to fan satisfaction and success for the organisation.