Rangers Fan Token

Overview

Rangers Fan Token (RFT) is a fan token created in partnership with Socios.com for supporters of Rangers Football Club, one of Scotland's most prominent football teams. The token provides fans with voting rights on certain club decisions and access to exclusive rewards, experiences, and content.

Purpose and Utility

The primary purpose of RFT is to enhance fan engagement with Rangers FC through blockchain technology. Token holders can participate in polls regarding club decisions (such as jersey designs or celebration songs), access VIP rewards, and exclusive content. The token serves as a membership asset that provides real utility through fan engagement features.

Business Model

The token operates on the Chiliz blockchain infrastructure, with a clear revenue model based on initial token sales and ongoing fan engagement. The business model is transparent and focused on providing genuine utility to Rangers FC supporters. There are no inherent interest-bearing mechanisms or gambling components in the core token functionality.

Real-World Adoption

The token has demonstrated actual usage through fan voting events and reward redemptions. Rangers FC actively promotes and utilizes the token for fan engagement purposes, indicating legitimate adoption within its intended use case.

Development Activity

As part of the Socios.com ecosystem, the platform maintains regular updates and improvements. The development focus is primarily on the underlying Chiliz blockchain and Socios platform rather than the individual token.

Token Distribution

The token distribution follows the standard Socios.com fan token model, with a portion reserved for the club and platform, while the majority is made available to fans through the Socios marketplace. This structure aligns with the token's intended utility as a fan engagement tool.