Guys / staff I have a question So when a

Question

Chiliz/Socios.com ($CHZ) - English Official - ⚠️ No Price Talk

Guys / staff I have a question So when a

contract with a club runs out what happens in these scenarios so the first one being the club doesn’t renew or go with another company they effectively didn’t buy into the whole FT vision.

Next one being the contract runs out and they sign with another company??

I’m looking for some clarity in what protections would be in place for FT holders for in the case of scenario 1 engagement would grind to halt and so would everything else and with scenario 2 would the new company generally take on the FT and carry on with the engagement and all the other benefits ?
@iotagod @unfunmid

#blockchain #chiliz #cryptocurrency #english

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28.01.2022

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Pele - Chiliz - No Private Messages

Although this question is not directly linked to the ongoing AFA case, we are unable to comment, bear with us please before we can officially respond. Fan Tokens will not cease to exist, they are here to stay 🙂

0

28.01.2022

Stan.chz 🌶 | I Don't PM First | · Accepted Answer

This is asked a lot of times in here. I guess this is a too important question to just answer randomly on Telegram. I expect it to be answered in an AMA or so. And if needed, I will assist in that. But the biggest missunderstanding is that Fan Tokens is a digital asset that is not meant as an investment. So for a regular fan, you buy a couple of fan tokens in exchange for the engagement you get as a fan. You buy a game, but the servers go offline after 4 year, so you can't play the game anymore. Same situation. I think the biggest focus is to keep building a better platform. When fans of a club embrace what Socios is doing, a club won't go away and will extend their contracts definitely. It is a new source of income for the clubs. Same for a club going to another platform, if like 30% or more fans of a club use the fan tokens on Socios, what do you think the fans will do when they don't extend the contract and go to another platform. The most will not buy a fan token again. 😊 But I'm pretty sure their are many agreements and contract based things where we don't know about that play a role in this as well.

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