Blockchain-Based Tokens Are Being Utilized By AC Milan

European Football Team AC Milan Uses Blockchain Tokens
  • AC Milan, a popular football team from Europe, has recently employed the use of blockchain-driven tokens to reach 450 million fans during the Covid-19 lockdown
  • The team has announced the forthcoming launch of $ACM tokens for fans which will be available on the Chiliz (CHZ) blockchain
  • Post launch, all token-holders will be able to cash in their tokens for an exclusive choice of rewards

Blockchain Tokens Will Reach 450 Million Fans

Chiliz, a fintech based blockchain organization, has made an announcement stating its’ collaboration with AC Milan, one of the most popular European football teams in the world. This partnership will drive the launch of the $ACM crypto token for fans through socios.com, which is a mobile application for super fans and can be utilised for tokens as well as voting on club specific decisions. This awaited new fan token will provide various advantages to the holders such as the ability to cast votes on club polls and surveys among other benefits.

As indicated by the official declaration, the fan token will be dispatched in the coming weeks. The $ACM Fan Token holders will have the option to take precedence over AC Milan’s VIP rewards. The Italian football club has associated with different teams like FC Barcelona, PSG, Juventus, and AS Roma to dispatch a fan token on the engagement and reward platform – socios.com. The total number of football organisations utilising the Chiliz blockchain currently has now become 20.

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Previously, football fans have utilized digital money tokens as an approach to engage and connect with their favourite football teams in various ways. One such instance includes fans of Apollon FC, a club based in Cyprus, being able to select the first opponents for the team for a match based on friendly terms. Moreover, they had also decided the home as well as away strips for the club for the season of 2020-2021. 

Tokens Purchased Over 14 Million Times

Chiliz tokens are accessible on  Socios.com application, which has apparently been downloaded multiple times, producing token deals surpassing 14 million in number. Numerous Chiliz tokens have since been recorded on the Binance digital currency trade, which at first dispatched a staking program for separate tokens, prior to opening up direct exchange against Bitcoin (BTC) and Tether (USDT).

Socios.com professes to have created $30 million in income for clubs and associated organisations in about 13 to 14 months since it has been launched. The FC Barcelona (BAR) fan token deal available on the platform sold out as much as $1.2 million in only 2 hours in June 2020, while exchange volumes of the Paris Saint-Germain (PSG)  and Juventus (JUV) tokens surpassed $300 million promptly after being recorded on Binance.

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Ahtesham Anishttp://www.thecoinrepublic.com
Ahtesham Anis is a Computer Science undergrad student currently based out of India. Coming from the business background and his keen interest in Cryptocurrency and Blockchain technology is what Ahtesham brings to the table. He is always an eager learner when it comes to exploring the new technologies and topics in the crypto world.

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