SOCIOS.COM ANNOUNCES GEO-LOCATION BASED FEATURE TOKEN HUNT

Football Fans To Hunt For Millions Of Free Tokens Using Augmented Reality During Socios.com Summer Tour

Malta, 27 May 2019Socios.com, the world’s first ‘fan influence’ app, today announces a new feature – a geo-location based augmented reality (AR) feature. Token Hunt allows users to collect Fan Tokens from all partner football clubs for free – as well as the in-app digital currency, Chiliz ($CHZ) – from anywhere in the world using a smartphone.

A first-of-its-kind platform for football fans, Socios.com distributes Fan Tokens in partnership with globally-recognised football clubs. Partnerships with Juventus, Paris Saint-Germain and West Ham United have been announced, with several more clubs from other top European leagues to be confirmed in due course. Owning Fan Tokens gives users the chance to access exclusive club content and club-branded games, as well as the opportunity to vote on club-delegated decisions.

Socios.com will launch Token Hunt towards the end of July 2019 as part of the Socios.com Summer Tour, allowing fans to familiarise themselves with the platform ahead of the official launch. Fans will be able to load their in-app digital wallets for free for a limited period before the first Fan Token Offerings in September, and before voting in the first live polls in October.

A total supply of $2 million* worth of $CHZ will be available for fans to hunt over the summer period, as well as hundreds of thousands of Fan Tokens. Whether it’s from the comfort of a living room, the office, out-and-about in the city or even on the beach, users can join the hunt on a daily basis from anywhere in the world.

Token Hunt works by layering virtual content – in this case 3D animations of a club’s Fan Tokens – on top of real-world locations and objects. Based on physical location,  determined via GPS and a device’s embedded digital compass, fans are able to ‘capture’ Tokens through their smartphone’s camera. Once a $CHZ or Fan Token is captured, it is added to the fans in-app digital wallet.

Alexandre Dreyfus, Socios.com CEO said: “Token Hunt has always been a key feature on the Socios.com app, but we wanted to launch ahead of time to allow fans to ‘power up’ their digital wallets over the summer period, to be in pole position when the first Fan Token Offerings begin in the Autumn. The more Fan Tokens a user collects, the more influence they have over club decisions. The more $CHZ a fan collects, the more Fan Tokens they can eventually buy, increasing the  rewards and experiences they can redeem. Fan Tokens will be available anywhere in the world, giving football fans the ability to connect with their club regardless of location. It’s also a fantastic opportunity for clubs and their sponsors to simultaneously engage fans thousands of miles apart with the same experience.”

Max Rabinovitch, Chief Strategy Officer for Socios.com, said: “We’re also developing a platform-wide algorithm to power our Fan Power Rankings. These Power Rankings will let our fans compete with each other across the globe and across regions, on club-specific and app-wide leaderboards for the bragging rights (and VIP experiences) that come with being publicly recognized as a clubs’ top fan on Socios.com. Everything from simply logging in and voting, to participating in gamified features like our Token Hunt and more, all contribute to fans’ Power Ranking scores. This is the perfect opportunity for early adopting fans to earn their Fan Tokens first and gain a competitive edge.”

Additional football clubs and sports verticals will be added to Socios.com later in the year, all with additional Token Hunts. In the future, this feature will allow fans to collect free tokens at special fan events around the world and/or during certain matches.

The number of tokens available during the Daily Global Token Hunts will be limited per user, however, a concentrated supply of both Fan Tokens and $CHZ will be available in certain major cities across Asia and Europe as part of the Socios.com Summer Tour.  The tour is set to begin in Singapore this July. In these cities, ‘Token Hunters’ will be able to collect dozens of tokens, until that city’s supply is exhausted or the time expires.

Confirmed cities and dates of  the Socios.com Summer Tour will be announced in due course, once further club partners have been confirmed.

Ends

 

Socios.com

Contact: Mat Gazeley – PrettyGreen

Mobile: +44 (0)7833 446 870

Email: [email protected]

 

For more information please visit www.socios.com

Notes to Editor

*The offered total sum of $2m worth of $CHZ relates to a maximum pre-listing price of $0.032

 

About Socios.com and Chiliz

Socios.com helps football clubs achieve digital transformation through blockchain technology. Socios.com is powered by the Chiliz token ($CHZ). 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 platform has been developed to help sports teams increase fan engagement and achieve essential investment from fan-monetization. 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.

Chiliz 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 $65 million from some of the world’s largest cryptocurrency exchanges and leading crypto funds in Asia, including Binance and Ceyuan Ventures. Chiliz is owned by Malta-based Mediarex Group, a global sports and entertainment organisation, which was founded in 2006, Chiliz is also certified by CertiK. Earlier this year, Chiliz obtained 2 licenses for Socios Entertainment OÜ, the corporate entity that will operate the tokenized voting platform. This will allow Socios.com to offer fiat and cryptocurrency exchange services on the Socios.com app, meaning fans can buy Chiliz ($CHZ) direct, without the need for a third-party exchange. The $CHZ supply will still come from approved and partnered crypto exchanges.

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