I just found out that the Royal Spanish Football Federation has released its own cryptocurrency🤯
But what an aberration is this?
After a bit of research and reading official announcements, it turns out that in 2021 and 2022 they already launched another cryptocurrency $SNFT with Luis Rubiales as President of the RFEF.
At that time they reached an agreement with the Turkish technology company Bitci Technology to develop what they said would be the world's first “Fan Token” of a national football team.
The chart is scary, it is violent content, it may hurt sensitivities, beware.
However, this time, the $SPAIN cryptocurrency they have launched these days was released in collaboration with Chilliz / Socios.
According to the official launch information, the pre‑sale of the cryptocurrency (FTO) was 3,000,000 tokens at a price of $1, and some frequent platform users also received an airdrop.
These kinds of cryptocurrencies or fan tokens, whatever you call them, are usually very …