Claiming tournament payouts
How to claim your prize money
Once the athlete has made the relevant share of his/her prize money available for distribution, the FANs will be informed via mail that they can claim their earnings. Earnings can then be claimed via the “Dashboard” page, which can be found by clicking on “Dashboard” on the navigation bar which is at the top of each page.
Note: As the earliest point in time at which prize money can be claimed will be at the end of Q1 2023, the claiming function is not yet enabled on the dashboard. We will enable that function no later than beginning of Q2 2023.
This differs per token. Professional athletes will make their prize money available for claiming once per quarter, whereas talents will share their prize money annually. Once the earnings are made available by the athlete, FANs have up to 18 months time to claim their payouts.
Prize money will be paid out in USDC, a digital currency that is fully backed by US-Dollar assets, with the value of one USDC coin pegged 1:1 to the value of one US-Dollar. Once received, the payout can be converted into fiat currency (e.g. CHF or EUR) via a crypto-currency exchange.
Once FANs have claimed their payouts, the funds will be transferred to the wallet they have selected during the claiming process. The wallet and its balance can be seen on the “Dashboard” page under “My wallet balance”.
You can convert claimed prize money into fiat currency via Moonpay: The FANtium platform cooperates with Moonpay (see here for more details). Moonpay enables you to convert fiat currency into Crypto and the other way round. If you want to convert crypto currency into fiat, you can click on your profile, select “Wallet” and there click on the three dots next to your wallet. Then select "Withdraw funds". This will lead you to a popup from Moonpay where you can follow the instructions provided by them.
Note: This option is only available for amounts up to 10,000 USD. Anything above that needs to be converted via external currency exchanges such as Kraken.
First of all you need to make sure that you have an account on the FANtium Platform. To set this up, simply go to FANtium.com, click “Sign in” and follow the instructions (see here for more details).
If you have made the purchase on a secondary market using a MetaMask wallet it is recommended that you also use that wallet to sign in. That way your token will automatically be shown on your “Dashboard”, enabling you to make claims.
If you have made the purchase using a Torus wallet, we recommend that you use the same social login as you have used on the secondary market (e.g. OpenSea). That way your token will automatically be shown on your “Dashboard”, enabling you to make claims.
If you have made the purchase with another wallet, you will have to sign in to FANtium using one of the provided methods. Whilst you do so, a Torus wallet will be created for you and connected to your FANtium account. You will then need to transfer the token into that newly created wallet. How this works depends on the wallet with which you have made the purchase of the token. The address of your FANtium Wallet can be found by clicking on "Profile” in the top right corner of each page, selecting “Wallet”, clicking on the three dots next to your wallet and then selecting "Copy address"
Once the token is transferred to your FANtium Wallet, it will be shown on your “Dashboard” enabling you to claim benefits and earnings.
Last modified 1mo ago