25 Million $CHZ & 50,000 $JUV (Juventus Fan Tokens) Available For Free
From today, Android users will be able to download this early version of Socios.com, ahead of the full commercial app release in Q1, and hunt for free $CHZ and $JUV (Juventus Fan Tokens) using augmented reality (AR) in-app feature Token Hunt. An iOS version of the app will be released in due course.
25 million $CHZ (the in-app digital currency of Socios.com) will be made available via Token Hunt, while 50,000 $JUV (Juventus Fan Tokens) will also be available in anticipation of the Juventus Fan Token Offering (FTO), which will take place at the end of November.
Token Hunt allows Socios.com users to hunt down $CHZ and Fan Tokens from almost anywhere in the world using geo-location technology. Once collected, the tokens will be transferred to the user’s in-app digital wallet. There is a limit on the total number of tokens available each day for collection. The number of tokens left for individual users to hunt will be displayed on the screen. Free $CHZ can be exchanged for Fan Tokens when they become available.
Ownership of Fan Tokens allow users to vote in club designated polls and, in the future, earn reward points. Fan Tokens that are hunted can be used to vote as soon as the first polls go live, with Juventus’ first poll running concurrently with their FTO. Fan Tokens are fungible, meaning that like other cryptocurrencies, they can be exchanged for other ‘goods’, such as VIP experiences, exclusive merchandise, tickets etc.
The more a user interacts with their team through the app, the more rewards they can earn, in turn allowing them to compete for once-in-a-lifetime experiences and to gain access to exclusive merchandise, games and leaderboards.
Token Hunts & FTOs for the remaining partner teams – Paris Saint-Germain, OG, AS Roma, Atlético de Madrid & Galatasaray – are scheduled for Q1 2020.
For Further Information:
Andrew Clarke – Global PR Manager
For more information please visit www.socios.com
Notes to editor:
Chiliz ($CHZ )is a digital currency for sports and entertainment platforms. It fuels the world’s first scalable, tokenized voting platform, Socios.com where fans can buy, trade and execute voting rights in their favorite sports teams. The Chiliz project has raised $66 million from some of the world’s largest cryptocurrency exchanges and leading crypto funds in Asia, including Binance, OK Blockchain Capital and Ceyuan Ventures. Chiliz is owned by Malta-based Mediarex Group, a global sports and entertainment organisation, which was founded in 2012.
Socios.com helps football clubs achieve digital transformation through blockchain technology. Socios.com is powered by the Chiliz token ($CHZ), both an ERC20 utility token on the Ethereum blockchain and BEP-2 token on Binance Chain. Fan Tokens are specific to a team or a club, and are a finite, digital asset that provides access to an encrypted, immutable ledger of voting and membership rights ownership. The tokenized fan-voting platform uses Fan Tokens, which operate on a separate permissioned side chain. The Fan Tokens are limited in number, and are fungible, meaning their ownership can be traded, and their price is driven by the market. The venture was inspired by the fan-led management frameworks or ‘socios’ of some major football clubs. Dubbed ‘Socios 2.0’, the platform simply represents the digitisation of this model of management.