Fan tokens of Corinthians soccer club sell out in two hours and earn US$1.7 million

According to Socios.com, this was the second most successful initial offering of fan tokens - which the platform calls FTO - in the platform's history and a record in Brazil.

RIO DE JANEIRO, BRAZIL - One day after announcing a sponsorship deal with crypto broker Mercado Bitcoin, Corinthians promoted this Thursday, September 2, the initial offering of its fan tokens, called SCCP. The offer of the crypto tokens sold out in about two hours.

In all, the fan token platform Socios.com and Corinthians put 850,000 tokens into circulation for US$2 each - which were to be purchased with the platform's native cryptocurrency, called chiliz (CHZ), and . . .

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