OG Fan Token (OG) is a functional token that provides fans of THE OG esports team (" OG ") with token share in team decision making through the use of Socios apps and services.
Socios is a blockchain-based fan interaction and rewards platform for the sports and entertainment industry supported by Chiliz.
OG is a functional token built on the Chiliz Chain (a proof-of-Authority side Chain built on Ethereum). OG is primarily used for:
Governance: OG holders can vote on a variety of binding "fan decisions" published by OG through smart contracts.
Rewards: OG holders can participate in events on Socios to earn rewards.
Token collateral: In the future, OG can be mortgaged to earn non-homogeneous token (NFT) rewards. The total token supply for
OG is 5,000,000, of which 1,274,535 were originally distributed to fans through a fan token offering. The remaining tokens are held by OG and can be earned by fans by participating in community events, Binance Launchpool, and buying directly from the exchange.