MALTA, March 27th, 2020: Chiliz (Binance.com: $CHZ) – leaders in blockchain-based fan engagement – have announced the launch of the Socios United ($SSU) Fan Token on their fan voting & rewards app for sports & entertainment, Socios.com. Socios United $SSU enables every user to play their part in shaping the future of Socios.com.
From today, every single Socios.com user will receive 1 x $SSU in their in-app wallets, which they can use to participate in team-related trivia, games & quizzes as well as to vote in polls, which will guide the development of new functions and features on the app. $SSU will be distributed to existing users over the coming days, while every new user who downloads the app will automatically receive 1 x $SSU in their Socios.com wallet.
For this initial launch, fans will be able to vote in eleven concurrent Socios United polls in order to create a ‘Dream Team’ consisting of players from Socios.com’s roster of partner clubs. Fans can use $SSU to vote in each of the polls, choosing which player they’d most like to see in each position.
On an ongoing basis, fans will be rewarded with $SSU for voting in partner club polls as well as hunting $CHZ and Fan Tokens; in the future, social actions will also be rewarded, for example, checking in whilst watching a match with fellow token holders or participating in community-led features. The more $SSU a user holds, the greater their ‘fan power’, which in turns leads to greater rewards and boosted voting power in Socios United polls.
In the future, Socios United will power fully fan-led initiatives, which could include the management of Socios.com owned organisations from the worlds of sport, esports & entertainment, as well as award ceremonies and fantasy rosters.
Socios.com users can accumulate additional $SSU for free via the app’s Augmented Reality (AR) feature Token Hunt. While much of the world is currently in lockdown, Token Hunt has been adapted to ensure users can collect tokens within their immediate vicinity, and forms part of Socios.com’s #homewithsocios initiative. The campaign, which began just over a fortnight ago, aims to encourage fans across the world to stay home and help fight the spread of COVID-19. To date, over 1 million fans worldwide have engaged with the #homewithsocios hashtag.
Chiliz $CHZ, the digital currency of Socios.com, and a limited number of partner Fan Tokens, will also be available via Token Hunt, rebranded as Home Hunt for the duration of the campaign. Fans will be able to hunt down new tokens from their homes every 3 hours.
Alexandre Dreyfus, CEO & Founder of Chiliz & Socios.com said: “Socios United allows us to freely engage with all Socios.com users, running polls and building interaction on the app through games, quizzes and other ‘just for fun’ features – such as the first poll to choose a ‘Dream Team’ from our roster of clubs.
“But, this is just the opening utility of Socios United. We’ve got exciting plans for $SSU, which we believe can be the driving force behind some unprecedented fan-led initiatives in the future.
“Every single user is entitled to a free $SSU, allowing them to play a part in the development of our platform and our community, while fans can earn more by regularly engaging with the app’s features.
“Fans can also collect some additional $SSU for free via Home Hunt and support our efforts to help fight the spread of COVID-19 by staying #homewithsocios.
“Stay safe and happy hunting!”
Socios.com Fan Token partners include major soccer clubs FC Barcelona, Juventus, Paris Saint-Germain, Atlético de Madrid, Galatasaray, AS Roma, CA Independiente and esports giants OG.
$SSU Fan Tokens cannot be bought or sold and are not available for trading purposes.
For Further Information:
Chilliz / Socios.com
Andrew Clarke – Global PR Manager
For more information please visit www.socios.com
Notes to editor:
Chiliz ($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 $66 million from some of the world’s largest cryptocurrency exchanges and leading crypto funds in Asia, including Binance, OK Blockchain Capital, and Ceyuan Ventures. Chiliz is owned by Malta-based Mediarex Group, a global sports and entertainment organisation, which was founded in 2012. In January 2020, Chiliz announced the launch of Chiliz.net, a first-of-its-kind mobile and desktop crypto exchange for sports and entertainment assets.
Socios.com helps sport entities achieve digital transformation through blockchain technology. Socios.com is powered by the Chiliz token ($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.