The official $SPAIN Fan Token™ recently listed on Bit2Me, meaning users are able to trade the Spanish national team's digital asset as they compete in the World Cup.
Perhaps even more interesting is that a percentage of $SPAIN tokens will burn every time the nation wins a game at the tournament, thereby reducing the total supply and connecting real results to tokenomics. For the first time, performance is impacting tokens directly. Trade the Spain Fan Token ($SPAIN) here.
To give you more insight into Spain and its eponymous token, we've looked ahead to La Roja's final group-stage game.
This weekend, Spain face two-time World Cup winners Uruguay in their final Group H match. So, what do they need to do to progress, how are traders responding to $SPAIN, and how many tokens will be burned from the treasury if La Roja secure all three points?
Will Spain Beat Uruguay?
At the time of writing, with the match 36 hours away, decentralized prediction markets suggest Spain have a 66% chance of victory versus 13% for Uruguay and 23% for the draw.
The European champions underwhelmed in a shock 0-0 draw against Cape Verde in their World Cup opener (June 15), but restored the feel-good factor when brushing aside Saudi Arabia 4-0 in their next game (June 21).
Uruguay, meanwhile, have drawn 1-1 with Saudi Arabia and 2-2 with Cape Verde, with the latter being perhaps the most exciting match of the tournament so far.
As things stand, all four teams in the group can qualify for the round-of-32: Uruguay could even top the group if they beat Spain. Meanwhile, Luis de la Fuente's men know that a draw would be enough for them to finish at the group summit (providing Cape Verde don't thrash Saudi Arabia by five or more goals, that is).
If Spain finish top of the group, they will play Austria in the next round. Lose, however, and they'll be up against reigning World Cup holders Argentina, whose star man Lionel Messi has scored five goals in two games.
What a Win Could Mean for $SPAIN Traders
A Spain win wouldn't just ensure they finish top of the group and get an easier draw. It would nourish belief that they can make a deep run in the tournament, perhaps even win it.
Victory would also impact the scarcity of the $SPAIN Fan Token™, which is one of six digital assets involved in Chiliz' Burn to Glory campaign. Group stage wins trigger a 1% burn of treasury holdings, with the burn rate increasing as the tournament unfolds:
- Round-of-32 win: 2%
- Round-of-16 win: 2.5%
- Quarterfinal win: 5%
- Semifinal win: 7.5%
- Final win: 10%
When Spain defeated Saudi Arabia on June 21, 253,594 $SPAIN tokens were burned from the treasury reserve, reducing the treasury's holdings from 24.96M to 24.71M. Beat Uruguay and another 247,057 tokens will be destroyed. (Track token burns here.)
By directly tying match results to token scarcity, Chiliz has introduced another layer of intrigue to the trading experience during the World Cup. Wins don't just inspire on-chain sentiment, which can snowball as the rounds progress, they have a tangible impact on the supply of a Fan Token™, increasing its scarcity (and reducing sell pressure) with every victory.
At the time of writing, $SPAIN is valued at $0.562, its price having jumped 7% in the last 24 hours. With kickoff a day and a half away, can that momentum continue until the first whistle? Or even beyond, assuming Spain can lock in a token burn?
Looking Ahead
As mentioned, Spain have everything to play for against Uruguay: while a draw is likely to see them top the group, they cannot rely on that outcome and must strive to win to avoid playing Argentina next. As tantalizing as a Yamal v Messi showdown is, Austria are more beatable.
With Uruguay knowing that defeat to Spain will end their hopes of qualifying for the round-of-32, they are expected to throw everything at La Roja in Guadalajara this Saturday. Spain supporters, and traders planning to speculate on $SPAIN in the weeks to come, will be hoping they don't take their eye off the ball.
For more on Fan Tokens™, including detailed price information and the latest news, check out Fantokens.com.
To sign up for Bit2Me to buy $SPAIN, visit bit2me.com
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