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Baskonia Fan Token is a cryptocurrency developed by blockchain technology company Chiliz and Spanish professional basketball team Baskonia. The token was created to reward fans of the team and enable them to participate in a variety of activities and vote on certain decisions. It was launched in 2021 and is the first fan token developed in the sports sector.
The Baskonia Fan Token was created to give fans of the team access to exclusive experiences and rewards, as well as the ability to participate in the decision making process of the team. Fans can use the token to vote on team decisions and participate in exclusive promotions. The token is available on the Socios.com platform, and can be purchased via Ethereum or credit card. The token can also be used to purchase merchandise, tickets to games, and VIP experiences. The value of the token fluctuates depending on the market, and its use is limited to the Socios.com platform.