smart contracts</strong></a> that operate on the Chiliz blockchain enable Socios users to vote on the club&rsquo;s ideas.</p>\n<p>To obtain fan tokens, users are obligated to first purchase <strong>Chiliz (CHZ),</strong> which can be traded on multiple <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-exchange/">exchange platforms.</p>\n<p>Even though the majority of fan tokens are accessible on Socios.com, others like Paris Saint-German Fan Token (PSG) can also be seen on popular centralized exchanges (CEX). However, there are some that can&rsquo;t be listed because they are not verified or tangible enough.</p>\n<p>Besides, in the process of making an investment, it is mandatory to always keep in mind the worth of the product and possible solutions. 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Analysis","slug":"crypto-analysis","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-analysis.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-analysis-101.jpg","rating":100,"sections":[{"slug":"what-is-bullish-and-bearish","title":"Bearish and Bullish Markets: Do They Matter?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-bullish-and-bearish","featured_image":null,"youtube_video":null},{"slug":"best-technical-analysis-indicators-for-crypto","title":"5 Best Crypto Technical Analysis Indicators You Must Know About","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/best-technical-analysis-indicators-for-crypto","featured_image":null,"youtube_video":null},{"slug":"what-is-candlesticks","title":"Technical Analysis: What are Candlesticks, Trendlines, and Patterns?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-candlesticks","featured_image":null,"youtube_video":null},{"slug":"how-to-track-new-crypto-coins","title":"Crypto Tracking: How to Track Your Favorite Coins & 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Terms","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/crypto-101-glossary.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}],"nextSection":{"id":339,"original_id":null,"author_id":42,"translator_id":null,"title":"What is Falling wedge?","slug":"what-is-falling-wedge","section":"F","keyword":"Falling wedge","status":"published","definition":"a pattern in technical analysis charts that has a bullish bias and a distinct downward slope.","content":"<p>The falling wedge (descending wedge) pattern is a significant trend that <strong>predicts an upward trend</strong> in the future. It starts broad at the top and then narrows as the price drops. The price action forms a downward-sloping cone as the reaction highs and lows merge.</p>\n<p>A falling wedge pattern forms when <strong>a market becomes centered between two intertwined</strong> <a href=https://www.bitdegree.org/"https://en.wikipedia.org/wiki/Support_and_resistance/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>resistance and support lines</strong></a>. The resistance line's slope must be greater than the support line's. If the <strong>resistance and support lines are pointing down</strong>, it could also be indicated as a falling wedge.</p>\n<p>The falling wedge has the following key aspects:</p>\n<ul>\n<li>As the trend line advances, the volume decreases.</li>\n<li>A breakout across the upper trend line precedes it.</li>\n<li>Its trend lines are convergent.</li>\n</ul>\n<p>Depending on where a falling wedge appears on the price chart, it can be understood as a continuation or <strong>reversal</strong> formation on the trendline. If the falling wedge appears downtrend &ndash; it&rsquo;s a reversal pattern, if it appears <strong>uptrend</strong> &ndash; it&rsquo;s a continuation pattern. Different market conditions must be taken into consideration in both instances.</p>\n<p>A falling wedge marks the end of the period of consolidation. So, it&rsquo;s like a signal that warns buyers that they should reorganize and attract new buying interests in order to push the price action higher.</p>\n<p>Thus, a falling wedge is a key technical pattern that indicates that the adjustment&nbsp;or consolidation&nbsp;has just occurred, as the <strong>asset's price has left the wedge</strong> to the upside and the broader trend is continuing.</p>\n<h3>How to Recognize a Falling Wedge?</h3>\n<p>To spot a falling wedge you should follow these steps:</p>\n<ul>\n<li>Identify whether there is an uptrend or a downtrend.</li>\n<li>Connect the lower highs with the lower lows with the help of a trend line (it will show convergence and create a downward slope).</li>\n<li>Identify the divergence between the price and an <a href=https://www.bitdegree.org/"https://www.investopedia.com/terms/o/oscillator.asp/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong><strong>oscillator</strong></strong></a>.</li>\n<li>Find the resistance point&rsquo;s break (it will indicate entry into the market).</li>\n</ul>\n<p>Even though the breakout is one of the ways of verifying the move, not all wedges result in a breakout. Typically, you should be aiming for a significant move beyond the support line if it&rsquo;s a rising wedge or a move beyond the <strong>resistance trend line</strong> if it&rsquo;s a falling wedge.</p>\n<p>Another indicator of a wedge being near a breakout is falling <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-volume/">volume as the market consolidates. Following a breakthrough, <strong>a spike in volume</strong> is a solid sign that a bigger move is on the way.</p>\n<p>Traders should especially be concerned if the rising wedge moves upwards a past support level. However, note that <strong>the general rule</strong> that support can convert into resistance during a breakout also applies here. Therefore, if you want to confirm the move before opening your position, you could wait for the breakout to begin, then <strong>return</strong>, and bounce of the rising wedge&rsquo;s previous support level.</p>","level":"medium","meta_title":"What is Falling wedge? Definition & Meaning | Crypto Wiki","meta_description":"Falling wedge meaning: Falling wedge - a pattern in technical analysis charts that has a bullish bias and a distinct downward slope.","meta_keywords":null,"language":"en","created_at":"2022-03-14T16:07:16.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-falling-wedge"},"prevSection":{"id":335,"original_id":null,"author_id":41,"translator_id":null,"title":"What is FATF Travel Rule?","slug":"what-is-fatf-travel-rule","section":"F","keyword":"FATF Travel Rule","status":"published","definition":"regulatory guidance regarding sharing information for large-scale crypto transactions.","content":"<p>The <strong>Financial Action Task Force (FATF) travel rule</strong> is a 2019 update to Recommendation 16 of the regulatory guidance known as the <strong>FATF Standards</strong>. This particular update touches on <strong><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-anti-money-laundering-aml/">battling crypto money laundering (AML)</a> </strong>and<strong> terrorism funding (CFT)</strong>.</p>\n<p>Based on the FATF, countries must ensure that the domestically operating <strong>virtual asset service providers (VASPs)</strong> implement measures making it easier to share personal information with the transaction counterparty VASPs while transmitting a transaction that exceeds $1000. VASPs, in this case, refer to <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-exchange/">cryptocurrency exchanges</strong></a> and <strong><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-custodial/">custodial platforms</strong>.</p>\n<p>Such regulatory measures allow governments to collect data from users conducting transactions valued at more than $1000. The information includes the name, account number, and the number of accounts participating in the transactions. Data such as proof of address, identity, or date and place of birth may also be required.</p>\n<p><strong>Financial institutions</strong>, including VASPs, <strong>must share this information with each other, particularly regarding the transactions covered by the regulatory threshold</strong>. Financial institutions have to take responsibility for ensuring data accuracy and upkeep. According to the regulation, any financial institution or cryptocurrency business may fall under the VASP category.</p>","level":"easy","meta_title":"What is FATF Travel Rule? Definition & Meaning | Crypto Wiki","meta_description":"FATF Travel Rule meaning: FATF Travel Rule - regulatory guidance regarding sharing information for large-scale crypto transactions.","meta_keywords":null,"language":"en","created_at":"2022-03-14T14:45:11.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-fatf-travel-rule"},"currentChapter":"F","currentSection":"what-is-fan-token","chapterTitle":"F","readingLevel":"medium"},"url":"/crypto/learn/crypto-terms/what-is-fan-token","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">
Handbook Cover Page
Crypto Terms: Letter F

What is Fan Token?

Fan Token MEANING:
Fan Token - is a digital asset issued by a certain sports team that allows its users to participate in governing activities as well as get special discounts and prizes.
Medium
2 minutes

Let's find out Fan Token meaning, definition in crypto, what is Fan Token, and all other detailed facts.

A fan token provides voting rights on kit designs and club decisions, as well as allows holders to be a part of a unique experience provided by the sports team.

This means that fan tokens can be utilized by sports teams to give fans the opportunity to get VIP advantages like meet and greets and premium box sets during a game. The number of tokens determines the possibilities that the fan might get or the ability to vote for their favorite team and get different prizes.

Shareholdings of fan tokens enable fans to partake in fan-led decisions while also functioning as a ticket into a protected, exclusive inner circle of fans who hold common interests and viewpoints via a mobile voting platform.

Furthermore, the more tokens a fan possesses and the more votes they submit, the greater their clout rating becomes, propelling them through the reward levels until they have admission to the most special VIP privileges accessible.

Socios is a Chiliz mobile application that could be viewed as the guide for developing fan tokens that enable Socios users to vote on concepts about surrounding sports teams. This could be team matches, uniform designs, and so on. Also, smart contracts that operate on the Chiliz blockchain enable Socios users to vote on the club’s ideas.

To obtain fan tokens, users are obligated to first purchase Chiliz (CHZ), which can be traded on multiple exchange platforms.

Even though the majority of fan tokens are accessible on Socios.com, others like Paris Saint-German Fan Token (PSG) can also be seen on popular centralized exchanges (CEX). However, there are some that can’t be listed because they are not verified or tangible enough.

Besides, in the process of making an investment, it is mandatory to always keep in mind the worth of the product and possible solutions. Also, fan tokens’ utility is restricted to the specific benefits that sports teams provide.

Moreover,  like many other cryptocurrencies, fan token values can either increase or decrease as a result of supply and demand. A few football enthusiasts that are familiar with these tokens have indicated that prices are influenced by the team’s performance or movements.

This may be shown in new player signings, management changes, and league results.

For instance, the PSG token had a 300%+ price increase a couple of days after one of the best football players in the world, Lionel Messi, transferred from the Spanish team, Barcelona, to the French club, PSG. The PSG token's price plummeted once the transfer was completed, but it spiked again a few days after.
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