Italian soccer membership AC Milan not too long ago partnered with fintech blockchain firm Chiliz to launch a brand new fan token. The token shall be obtainable on socios.com.
An thrilling new improvement for followers
The brand new fan token will convey new engagement choices for followers. It’s going to additionally give followers voting rights in membership polls. The token shall be referred to as $ACM and shall be obtainable on the social platform socios.com. The official announcement means that $ACM shall be obtainable within the subsequent few weeks and provides VIP rewards to followers of the soccer membership.
Nevertheless, AC Milan isn’t the primary membership to launch a fan token. AS Roma, PSG, Juventus, and FC Barcelona have already launched their fan tokens on the identical platform. The estimated fanbase of the Italian membership is round 450 million across the globe. It is likely one of the most distinguished golf equipment in European soccer with numerous Serie A titles and 18 FIFA and UEFA trophies.
A brand new partnership for the membership
Chief income workplace of AC Milan, Casper Stylsvig commented on the brand new partnership and mentioned,
“We’re blissful to affix palms with Socios.com and welcome them to our household as a worldwide associate. This partnership permits us to offer our 450 million followers internationally one other thrilling technique to work together with AC Milan, which is especially essential beneath the present circumstances created by the Covid-19 pandemic.”
Blockchain expertise is changing into common amongst soccer golf equipment in Europe. Barca launched a cryptocurrency for its followers again in February 2020. Socios.com has additionally registered exponential development due to soccer golf equipment becoming a member of its platform. It has registered the sale of 14 million fan tokens on its platform final 12 months alone. Golf equipment and companions have generated hundreds of thousands through the sale of those tokens. Some fan tokens have been listed on world crypto exchanges in late December and early January due to which volumes additionally elevated. In December, the buying and selling volumes of $JUV and $PSG reached 24 hours excessive of $300 million.
Bear in mind, all buying and selling carries threat. Previous efficiency isn’t any assure of future outcomes.