Universidad De Chile Crypto Sees Meteoric Rise Post Listing

Highlights

  • Universidad de Chile fan token saw a meteoric rise in the trading session on Friday, soon after it got listed on Crypto.com.
  • On Friday, the Universidad de Chile fan token was trading at US $23.04, registering a massive spike by 1,073.04% according to CoinMarketCap.
  • Universidad de Chile fan token is a collection of collectibles through which the fan can engage with club and stars in a more comprehensive manner.

The official Fan Token of Universidad de Chile, UCH, saw a meteoric rise on Friday, registering profitable gains of 1073.04% at the time of writing. According to CoinMarketCap, the UCH, ranked at 1055, was trading at US $23.03, which is a 995.96% higher from its previous day of US $17.38 and has a fully diluted market cap of US $104,300,302. At the time of writing (BST 06:06 am), UCH has an overall market cap of US $7,836,703 and has a circulating supply of 3,75,236 UCH coins.

The specific rise and interest are generated post its listing on popular crypto exchange Crypto.com on Thursday. The exchange announced that it will be integrating the Argentine Football Association (ARG), SC Corinthians (SCCP) and the University of Chile (UCH) tokens on its platform which will allow the fans to find a new way to not only engage with their fans and club, but also trade cryptocurrencies on its platforms.

Universidad De Chile Token Price Prediction

Crypto.com had released three fan tokens which will join the list of more than 100 cryptocurrencies and stable coins, that are traded on the exchange. This will be form of collectible that will blockchain technology and will be launched through various partners.

Universidad de Chile launched the fan token last year in partnership with Chiliz and rewards app Socios.com. With the UCH Fan Tokens, the users provide owners many benefits, including the right to vote in football clubs’ polls. Fan Token owners can also interact with other users via Socios Chat and also stand a chance to earn VIP reward points in the process and enjoy exclusive club and sponsor promotions.

What are Fan tokens?

Fan tokens are a form of collectibles which allows the users to engage with their stars, clubs or teams and trade collectibles and earn rewards in the process. In order to engage in fan token, user must purchase CHZ through a cryptocurrency exchange. Once acquired, the holders will get voting rights and will get a chance to have their say in any form of changes that the protocol wants to implement.

Conclusion

The news of substantial price hike is a good one for fans who have invested in the token. Many users were pleasantly surprised by the overnight increase and many community boards are filled with messages of how they have managed to pocket profit overnight. The Crypto.com listing should surely attract more fans to invest in the fan token and allow them to be an integral part of the football club via fan tokens. 

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