770 crypto tokens was Cristiano Ronaldo’s award for every single carrier goal he had scored
770 JUV crypto fan tokens were given to the Portuguese footballer for every goal he had scored in his soccer career.
We can call CR7 the first footballer to have received cryptocurrency for his achievements. He was given 770 JUV fan tokens for every senior career goal he has scored so far.
JUV fan token which was officially launched in 2019 on Chiliz (CHZ) blockchain belongs to the Italian football club Juventus. The fans who possess such tokens have access to certain perks, prizes, and competitions besides the fact that the tokens allow them to participate in their club’s decisions by voting.
This token was only $2 when it was launched, but it’s $15.26 at the current price. Therefore, 770 tokens that CR7 was awarded on Sunday are worth $11,750.
Fan tokens are not a very new phenomenon as several major teams have already issued their tokens on the Chiliz blockchain including AC Milan, Barcelona, Manchester City, and Paris St. Germain.
The token issuances and soccer team activities have had a positive effect on CHZ token value in a way that as of Jan. 1 CHZ value has jumped by 2,500% which led to the explosion of its market cap, rising from $100M to $4.5B although it went back to $3.2B later.
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