The official Rangers Fan Token (RFT), launched in July 2021 in partnership with blockchain platform Bitci, is currently trading around $0.003, near historic lows. The Scottish club is competing in the UEFA Europa League third qualifying round against Jagiellonia Bialystok, with the first leg on August 6 and the return leg scheduled for August 13. The initial sale of 20 million tokens in 2021 was an immediate success, but the price has not seen significant spikes despite recent club activity, including the signing of South African defender Olwethu Makhanya for approximately $4.5 million. The token’s limited liquidity presents a practical challenge for holders, as low trading volumes mean wide spreads and difficulty exiting positions quickly without moving the price.
Source: Read the original article
