Fans of Cristiano Ronaldo gifted him 770 JUV tokens, one representing each of his career goals. This makes it the first time in history that a footballer is awarded for performance in cryptocurrencies.
The JUV is a fan crypto token that was launched by Juventus on the Chiliz Blockchain,in conjunction with the Socios.com platform. The fan tokens give club supporters the chance to vote on club decisions.
The Token is currently worth $15.26 per token up from its $2 worth at launch, making Ronaldo’s gift worth about $11,750.
Dozens of soccer teams have issued fan tokens on the Chiliz blockchain since its inception, including some of the biggest names from the biggest leagues in the world, such as Manchester City, F.C. Barcelona, and Paris St. Germain.
Victor Nnadi is an Independent Economics Researcher and a Securities Trader.
