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The cryptocurrency crisis that brought down the entire market in 2022 also had a big impact: the Peruvian team.
The fact is that the Peruvian Football Federation (FPF) and company bitches saved Peru Fan Badge (FPFT)a digital currency that has fallen from almost 30 cents to just 2.
Falling FPFT
He FPFT It officially went on sale on September 3, 2021, although it had an initial pre-sale phase in August that any user of the Bitci.com platform could participate in.
FPFT allow support Peruvian team Through their purchase: they allow investors to participate in special events and surveys created for them.
Its market value was 4 BITCI, cryptocurrency official store, which at that time cost $0.0566. For the same reason, buying a Peruvian token cost $0.2264 (20 cents).
After the selection wins, the fan token increased in price by up to 10% each time.
Problems started later when the market started to fall due to the major crises the industry was facing, such as the chaos caused by Luna (Terra), the collapse of the Celsius Network, or the collapse of FTX itself.
This resulted in an overall cost reduction. cryptocurrencies. He FPFT it was also bought with USDT, a one-dollar stablecoin, to avoid doubling down in value (BITCI was also a volatile cryptocurrency).
Currently, the exact value of the fan token is $0.01954, which is over 90% below its all-time high.
Crisis in the company?
While crypto investors have seen their money plummet, bitches is in a negative economic situation.
In accordance with Sport CarThe Brazilian Football Confederation (CBF) ended its sponsorship of this company because it delayed the federation’s payment by several months.
This story is not the only one. Sporting (Portugal), Spezia (Italy) and McLaren (Formula 1 team) also terminated the contract with the Turkish company due to “lack of strategic agreement” between the parties.
IN Peru, bitches stopped appearing on sponsorship banners FPF.
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Source: RPP
I am Ben Stock, a passionate and experienced digital journalist working in the news industry. At the Buna Times, I write articles covering technology developments and related topics. I strive to provide reliable information that my readers can trust. My research skills are top-notch, as well as my ability to craft engaging stories on timely topics with clarity and accuracy.