You can trade Fan Tokens using the app's Marketplace feature. You can access this feature by following these steps:
- Select the “Trade” tab at the bottom of the screen.
- Browse through the list of teams and partners.
- Tap "Buy" or "Sell" next to the team whose Fan Token you want to trade.
- Enter the number of Fan Tokens you would like to trade.
- Tap “Confirm” and use your passkey to sign and verify the transaction.
- Your transaction will now be processed on the blockchain through a smart contract. If successful, you will receive back fan tokens for Buy Orders, or CHZ for Sell Orders.
When buying or selling fan tokens, we apply an additional ‘slippage’ on top of the final price to help account for the difference between the expected price and the actual price of a token in the marketplace at the time of the trade. Fan Token prices can vary considerably due to market changes so adding this difference helps increase the chances of your order being successful. If a trade is successful, any unused $CHZ (including those from the slippage) are immediately refunded to your wallet.
For each buy or sell transaction, you also pay network fees. For more information regarding fees, please visit this FAQ article.