$ENDCEX Fan Tokens are a collaboration between esports organisation Endpoint, retailer CeX and online fan engagement platform Socios.
Please note: $ENDCEX Fan Tokens are a form of cryptoasset. To acquire fan tokens, you must download the Socios.com app, purchase the cryptocurrency, Chiliz ($CHZ.), and exchange this for $ENDCEX Fan Tokens.
Although we only promote $ENDCEX Fan Tokens as a tool to engage with the club, we recognise that a secondary market for trading does exist. As such, please note that (a) the value of cryptoassets is variable and can go down as well as up; (b) cryptoassets are unregulated in the UK; and (c) CGT may be payable on any profits made on the sale of cryptoassets.
The decision to open a cryptoasset exchange account on the Socios.com app and purchase $CHZ and/or $ENDCEX Fan Tokens requires careful thought and consideration. We advise you to spend only what you can afford and always seek independent financial advice if required. You should not purchase any cryptoassets if you do not fully understand the nature of your purchase and the risks involved. We recommend that you refer to the Socios app Terms and Conditions and Help Pages for more information.
Fans can purchase Fan Tokens using the Socios app. After purchasing Fan Tokens, fans can then vote in exclusive polls, take part in quizzes and competitions, and giveaways for unique fan experiences and prizes courtesy of both Endpoint and CeX. For example, the first poll for $ENDCEX Fan Token holders run through the Socios app allowed fans to choose which of Endpoint’s teams should participate in a skydive.
The $ENDCEX Fan Token is minted on an EVM compatible permissioned side-chain (Chiliz Chain). The node participants within the network are Chiliz and their partners, reducing the energy consumption and environmental impact of all Socios Fan Tokens to negligible levels. Both Endpoint and CeX participate in carbon offsetting schemes to offset any environmental impact caused by the minting of $ENDCEX Fan Tokens on the blockchain.
CeX is a London based second-hand technology and entertainment retailer with a global footprint. Since 1992 CeX has grown by offering competitively priced, fully warranted, 2nd hand products and introducing the ingenious but simple exchange concept. Hundreds of millions of products have been bought and sold by CeX with over £1 Billion paid out to customers. CeX has over 600 stores worldwide, including the UK, Australia, Italy, Spain, India, Ireland, Mexico, the Netherlands, Poland and Portugal.
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Transitioning passive fans into active fans is essential to the future of sport. Our vision is for an extensive network of the world’s leading sporting organizations to achieve this through Fan Tokens and transactional fan engagement on Socios.com. Fan Tokens, collectible, digital assets minted on the Chiliz blockchain, and the Socios.com fan engagement platform enable the world’s biggest sporting properties to plug into a fan influence and fan reward ecosystem. Socios.com generated $200M in revenues that was shared with its partners in 2021, creating a powerful new revenue stream for the global sports industry. Socios.com’s ever growing roster features over 100 major sporting organisations, including massive football clubs from Europe and Latin America, premium Formula One™ teams, giants from NBA, NFL, NHL and MLS, leading esports teams and the UFC®. Hundreds more leading sports and entertainment properties will join the Socios.com platform in the years to come. Chiliz, the crypto unicorn behind Socios.com has 200+ employees and has already opened new regional headquarters in Madrid, London, Istanbul and São Paulo in 2021. The company will open a new office in North America in 2022. Chiliz $CHZ - the digital currency that powers Socios.com - is listed on all of the world’s leading cryptocurrency exchanges. The Socios.com app is available in 10 languages. For more information please visit www.socios.com.