The public sale of an organization’s fan tokens on Chiliz’s Socios platform is known as a “fan token offering” (FTO). Prior to an FTO, the issuing organization—typically a popular sports team—determines the total fixed supply of Fan Tokens as well as the initial token sale price in Chiliz Tokens (CHZ). Socios will publicly disclose all essential information relevant to the token release prior to the launch of an FTO, including the FTO’s start and end dates, the Fan Token’s opening price, and the fully diluted market cap. This enables platform users to make more informed investment decisions.
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