App sale

Fan Tokens and Socios.com: Get Ready for $CPFC FTO® – News

$CPFC Fan Tokens will launch for sale and trading on Tuesday, February 08 at 12:00 GMT, and here’s everything you need to know ahead of the launch.

Note: $CPFC Fan Tokens are a form of cryptoasset. To acquire Fan Tokens, you need to download the Socios.com app, buy the cryptocurrency, Chiliz ($CHZ.), and exchange it for $CPFC Fan Tokens.

Although we only promote $CPFC Fan Tokens as a tool to interact with the club, we recognize that there is a secondary market for trading. As such, please note that (a) the value of crypto-assets is variable and can go down as well as up; (b) crypto-assets are not regulated in the UK; and (c) capital gains tax may be payable on profits made from the sale of crypto-assets.

The decision to open a crypto-asset exchange account on the Socios.com app and buying $CHZ and/or $CPFC Fan Tokens requires careful thought and consideration. We advise you to only spend what you can afford and always seek independent financial advice if necessary. You should not buy crypto-assets unless you fully understand the nature of your purchase and the risks involved. You should carefully consider buying or selling crypto-assets as it involves risk and could result in a total loss of funds. Fan Tokens are not suitable for children. We recommend that you review the terms and conditions and help pages of the Socios app for more information (click here: https://www.socios.com/socios-com-application-terms-of-use-092021/).

$CPFC (FTO®) Fan Token Offering: The Key Details

The $CPFC Fan Token Offering (FTO) is the period when a limited number of $CPFC Fan Tokens will be made available for the first time. There will only ever be one $CPFC FTO which will only be available at a fixed price during this period (£2 per Fan Token). After the FTO ends, the price will be determined by market demand.

The $CPFC FTO® will take place in three waves, with the number of Fan Tokens that each user can purchase capped at 5 during the first wave, 15 during the second wave and 30 for the third wave.

Remember that Fan Tokens are utility tokens, which means they should be used to interact with the club and should not be treated as investment tools. Fans should exercise caution when buying any crypto asset.

Wave 1 – 08-10 February

  • Start: 12:00 GMT
  • Duration – 48 hours
  • Cap – 5 Fan Tokens
  • Price: £2.

Wave 2 – February 10-11

  • Start: 12:00 GMT
  • Duration – 24 hours
  • Ceiling – 15 Fan Tokens
  • Price: £2.

Wave 3 – February 11-12

  • Start: 12:00 GMT
  • Duration – 24 hours
  • Ceiling – 30 Fan Tokens
  • Price: £2.

How can I buy $CPFC Fan Tokens?

To purchase $CPFC Fan Tokens, you will need to download the Socios.com application. Once you’ve done that, decide how much you want to buy and follow the instructions to acquire $CHZ (the built-in currency of Socios.com) to buy Fan Tokens.

Note that $CPFC Fan Token purchases will be capped at 5 per user for the first 48 hours, 15 for the next 24 hours, and 30 for the last 24 hours of FTO®.

What are Fan Tokens and why did the club start using them?

Fan Tokens are digital assets – this means that they are assets that can be owned and held, but only exist online.

Owning a $CPFC Fan Token grants fans access to various club-related benefits. It’s a new complementary way for fans to engage with the club and vote in polls on selected club topics.

As a subscription/member holder, will I receive a Fan Token for free?

Yes. All Season Ticket Holders and Members can redeem a non-redeemable $CPFC Fan Token for free. We’ll be providing details on how to redeem your free $CPFC Fan Token via email in the coming days.

To ensure you receive instructions on how to use your Fan Token, please ensure that your email is subscribed to Palace emails and that you have not disabled ‘Partners and Sponsors’ in the center Palace Preferences, which can be found on your account page. , here (https://www.cpfc.co.uk/profile/).

How much will $CPFC Fan Tokens cost?

A single $CPFC Fan Token will be priced at £2 during FTO®.

But how many Fan Tokens do I need?

A single $CPFC Fan Token is all you will need to participate in each club-run survey Socios.com. Purchasing more $CPFC Fan Tokens may unlock additional benefits and rewards, but please note that we cap all $CPFC Fan Tokens at a maximum of 30 per fan.

Rewarding fans is at the heart of Socios.com

Tens of thousands of fans around the world have already been rewarded with Socios.com. Rewards include VIP experiences at matches and the chance to meet club players and legends. In fact, we are going to invite Fan Token holders to the Socios.com box at Selhurst Park for every home game this season (details on next season to follow). Fan Token holders on Socios.com also enjoyed unique digital rewards, including digital collectibles, and even appeared on LED signs around the stadium via video link during matches.

Note: Having a $CPFC Fan Token does not mean that its holder has constant or regular access to the aforementioned rewards and/or sweepstakes.

Have your say on a range of club issues

Fans have the opportunity to influence club decisions in a series of binding polls each season, starting with the first poll to name a pitch at the team’s first training ground after a former player from the last 20 years. (this period reflects the period that the club’s first team trained at Beckenham’s current training ground).

To submit a suggestion for the shortlist of players to vote on, first create an account on socios.com. So click here and insert your suggestion before 11:59 p.m. on Sunday February 6: bit.ly/CPFC-Legends.

The full survey will be launched on Tuesday, February 8.

More than polls

Socios.com is more than just a voting platform. Over 1.3 million fans around the world regularly use it for a reason. Fan Token holders can access club-related games and competitions and compete to earn reward points.

In addition, Socios.com is working closely with the club to identify ways in which it can support fans outside of the app as part of its soon to be launched wider Socios Supports initiative. For one of the first initiatives, Socios.com agreed to hand over its in-game LED billboard advertisement at Selhurst Park to the club’s Disabled Supporters Association for a game this season, likely in the coming weeks. This is just the first of many such initiatives that the club will roll out with Socios.com.

Note: $CPFC Fan Tokens are a form of cryptoasset. To acquire Fan Tokens, you need to download the Socios.com app, buy the cryptocurrency, Chiliz ($CHZ.), and exchange it for $CPFC Fan Tokens.

Although we only promote $CPFC Fan Tokens as a tool to interact with the club, we recognize that there is a secondary market for trading. As such, please note that (a) the value of crypto-assets is variable and can go down as well as up; (b) crypto-assets are not regulated in the UK; and (c) capital gains tax may be payable on profits made from the sale of crypto-assets.

The decision to open a crypto-asset exchange account on the Socios.com app and buying $CHZ and/or $CPFC Fan Tokens requires careful thought and consideration. We advise you to only spend what you can afford and always seek independent financial advice if necessary. You should not buy crypto-assets unless you fully understand the nature of your purchase and the risks involved. You should carefully consider buying or selling crypto-assets as it involves risk and could result in a total loss of funds. Fan Tokens are not suitable for children. We recommend that you review the Socios app terms and conditions and help pages for more information: https://www.socios.com/socios-com-application-terms-of-use-092021/.