We have listed 3 new exciting assets on the trading platform on Friday the 2nd of April at 13:00 am UTC.
JUV, ACM and PSG are Fan Tokens from clubs that are so far most known for being the crème de la crème in professional Football. Juventus FC, AC Milan and Paris-Saint-Germain have all used the Socios.com Platform to create their very own Fan Tokens.
What are Fan Tokens?
Tokens, in general, are digital assets created on top of blockchain technology and already used for a range of purposes such as proving ownership or accessing certain services. The most popular Blockchain for the creation of tokens is Ethereum, as we most recently can witness with the massive boom of NFTs created on it.
The value of a token depends on various factors including its popularity, it’s usefulness and supply.
Fan Tokens are tokens created by organizations using the Socios.com platform. When the pandemic initially struck, many organizations among them major football clubs lost a lot of their revenues simply because no one was allowed to visit a stadium anymore. This contributed to accelerating a trend that had already been present in the world of sports: trying to engage in better ways with their fans.
Previously, fans have often been side-lined when it came to decision-making in the organizations that they supported. The team behind Chiliz is working on changing that. Chiliz has launched the Socios.com platform on which organizations can launch their own fan tokens via a Fan Token Offering.
These Fan tokens can be acquired with Chiliz own currency CHZ directly on the Socios.com platform and now also on exchanges like the Bitcoin.com Exchange.
Fan tokens give fans decision power in decisions ranging from simply picking a new set of jerseys to the line-up of players during friendly matches or logistics of upcoming events.
The team behind Socios.com is running several promotions together with organizations such as Give-aways or lotteries with exclusive merchandise. You can learn more about these activities from our most recent AMA.
$JUV is the fan token issued by Juventus FC, the most successful football club in Italy, known for their black and white jerseys as well as having a team of world-class footballers. Founded on the 1st November 1897 Juventus, often referred to as Juve, has grown one of the largest fan bases not only within its home country but worldwide.
JUV Fan Tokens give holders the right to participate in surveys issued by Juventus on the Socios.com platform.
$ACM was issued by AC Milan to enable their fans to have more influence in the direction the organization is heading in. Since its inception in 1899, the club has managed to play in the flight of Italian football, the Series A, with just the exception of 2 seasons.
With $ACM fans hold a tokenized share of influence in AC Milan and can vote on decisions on Socios.com and earn rewards for fan engagement.
Paris-Saint Germain is the most successful French football club with more than 40 honours including several league titles and a major European championship. Founded in 1970, Paris-Saint Germain has quickly become the most popular football team in France and is among the worldwide most supported.
With the $PSG token, Fans get a chance to be part of decisions surrounding their beloved football club or earn rewards via fan engagement.
JUV, PSG and ACM will be listed with USDT pairs on Bitcoin.com Exchange making them more widely available to a bigger audience.
“In the last few weeks, we’ve seen Chiliz and Fan tokens really take-off. It’s exciting to see how this can bring in a completely new audience to the world of digital assets while at the same time allowing these traditional organizations to engage better with their fans. We’re honoured to be able to support Fan Tokens on their way to broader adoption.”– Danish Chaudhry, CEO Bitcoin.com Exchange.