The Official $LUFC Fan Token is now live on Socios.com
The Official $LUFC Fan Token is now live on Socios.com
$LUFC Fan Tokens went on sale via Socios.com to Leeds fans around the world at the fixed price of £2 in a Fan Token Offering (FTO®) today. The maximum number of fan tokens that one individual can obtain is capped.
One $LUFC Fan Token is all you need to give you voting rights, unrivalled access and the opportunity to earn real-life and digital club-related benefits on Socios.com.
Once you have your free Fan Token it’s yours for life. It will never expire and can be used every time to vote and access VIP experiences. You do need to be at least 18 years old.
Remind me again: what can I expect as a $LUFC Fan Token Holder?
You can use your $LUFC Fan Token to take part in every Leeds United poll held on Socios.com. Starting with helping us decide which club legend to name one of the training pitches at Thorp Arch after.
The weight of your vote is defined by the number of $LUFC Fan Tokens you own. If you own 10 $LUFC Fan Tokens for example, your vote will count as 10. We’ll cap each poll at a certain number though, to keep things fair.
There’s lots of other ways to use your free Fan Token on Socios.com, including taking part in quizzes, games and competitions linked to the club.
Every time you use your $LUFC Fan Token on Socios.com, you’ll earn XP reward points that will allow you to move closer to unlocking rewards which can include club merchandise as well as digital and real-life VIP experiences.
Got it. Anything else?
To buy $LUFC Fan Tokens you need to download the Socios app, buy the digital currency $CHZ and then exchange them for $LUFC fan tokens. You can purchase $CHZ using your debit or credit card.
Fan Tokens have been created to allow fans to engage with their favourite teams. That is how Fan Tokens should be used and is their intended purpose. Buying and selling Fan Tokens is not the intended purpose. We strongly advise caution to any individual who chooses to use Fan Tokens for any other reason than their intended purpose.
Whilst the cost of a $LUFC Fan Token in the FTO is fixed at £2, the future value of $LUFC Fan Tokens is dependent on supply and demand and can fluctuate down as well as up.
We advise you to only spend what you can afford and be aware that you could lose some or all of the money you spend. Please seek independent advice if required.
Although we only promote $LUFC Fan Tokens as a tool to engage with the club, we recognise that a secondary market for trading does exist. As such, we remind you that: a) any investment in cryptoassets can fluctuate in value and could potentially lead to large losses; (b) cryptoassets are unregulated in the UK; and (c) capital gains tax may be payable on any profits made on the sale of cryptoassets.
The decision to open a cryptoasset exchange account on the Socios.com app and purchase $CHZ and/or $LUFC Fan Tokens requires careful thought and consideration. We advise you to spend only what you can afford and always seek independent financial advice if you are in doubt. You should not purchase any cryptoassets if you do not fully understand the nature of your investment and the risks involved. We recommend that you refer to the Socios app Terms and Conditions and Help Pages for more information.
