window.tgpQueue.add('tgpli-6830d184e4409') Watford FC’s latest crypto initiative is going into history! In collaboration with the Republic platform, they have proposed a notable innovation by selling 10% of its shares in digital form. This will make each share worth around £12, and the capital raised from the sale will be geared toward improving the club’s brand and performance. x50j
Fan Tokens 6b643u
Many of the club’s ers are familiar with digital currencies, as they’ve already garnered ample experience with a crypto sportsbook while betting on the latest games. Now they get to take it one step further as Watford prepares to launch fan tokens, which will represent a share of digital ownership of the club. In true crypto fashion, these tokens will be traded in the future, attracting a wide range of investors.
To get their peace of the cake, investors can purchase shares through one of two platforms: Seedrs or Republic. Those using Seedrs will have to purchase a minimum of four shares, which totals a little under £50. Investors who decide to use Republic will need to go for a minimum of eight shares, which will cost them around £100.
With these calculations, the club is expected to raise around £17.5 million from the equity sale. The club’s overall value is around £175 million, which gives you an idea of how monumental the initiative is going to be.
With these cryptos, Watford’s ers will be able to strengthen their engagement with the club through more than just placing bets at the best online casinos; moreover, they’ll gain access to exclusive offers the club has to offer. These tokens will also increase their sense of belonging to the club, and make them feel like they have a say in the decision-making process.
The club’s innovation is groundbreaking in a few ways. For starters, Watford’s ambitious plan shows incredible innovation, as the integration of digital equity into sports is a pioneering idea.
Secondly, football enthusiasts get to go one step further and have some ownership over the club instead of just sitting home, watching the games, and betting on Euro 2024. Needless to say how much this is going to boost engagement and interest in the club.
What Fueled the Change? 3nj6k
Together with the Republic platform, Watford FC is going to achieve a true digital revolution, since they will be the first major football club in England that provides shared ownership to investors and fans alike.
This largest digital equity in English football history will allow for the democratization of ownership. Fans will have an opportunity to become true stakeholders and receive dividends from their digital shares, although they won’t have voting rights.
The club’s initiative is going to result in numerous positive changes that will impact more than just fans. By selling shares, the football club will also create a new stream of revenue ahead of their return to the Premier League. The revenue from the initiative is also going to help in areas such as the recruitment of players, training, and coaching, so everyone will end up on the winning side.
