What is AC Milan Fan Token? AC Milan Fan Token is a utility token for fans officially issued by the AC Milan football team in cooperation with Socios operating on the Chiliz Chain network. So what’s special about AC Milan Fan Token? Let’s find out with Weakhand in this article.
To better understand AC Milan Fan Token, people can refer to some of the articles below:
- What is Chiliz (CHZ)? Chiliz Cryptocurrency Overview
- What is Santos FC Fan Token? Santos FC Fan Token Cryptocurrency Overview
Overview of AC Milan Fan Token
What is AC Milan Fan Token?
AC Milan Fan Token is a utility token for AC Milan club fans launched on February 24, 2021 on the Socios platform and currently operating on the Chiliz network. The project was first released via the Binance Launchpad platform with 205,128 ACM Tokens offered for sale at $4.88.
AC Milan is located in the Milan city area of Italy and is currently participating in the continent’s top football tournaments such as the Champions League and Serie A. It is one of the most famous clubs in the world with a long tradition of Contemporary Italian football.
The team’s proudest achievement is winning the Champions League 7 times – a record achievement for a football club in Italy, and also the team that has won the 2nd most C1 championships after Real. Along with that are 19 national championship cups.
Operating mechanism of AC Milan Fan Token
AC Milan Fan Token is a collaboration between AC Milan club and Socios to separately issue the team’s token, to bring many convenient experiences to fans. Team token holders have the following privileges:
- Participate in voting and voting on major team decisions through the Socios application and service.
- Token holders have access to fan rewards, digital collectibles, and loyalty points.
- Get cashback offers from official online stores.
- CHZ rewards in the app.
- Token holders have the opportunity to receive promotions on tickets to the club’s matches, meet real-life members and get members’ autographs.
- Exclusive AC Milan digital badges and NFTs by staking future ACM tokens.
Core Team
AC Milan Fan Token is issued by the owner of the AC Milan football team and the Socios platform. The current club president is Paolo Scaroni. Behind the Socios platform is Chiliz CEO, Mr. Alexandre Dreyfus:
- He is a website serial entrepreneur with over 22 years of experience in the digital field, building and developing technology businesses. In the late 1990s, he pioneered the field of web-based, interactive tools and web-based instructions, before completing an acquisition with retail giant Carrefour and subsequent merger with another service provider. competitor’s services and sell them to Yelp.
- In 2006, he co-founded Winamax (France’s largest online poker room) and later this technology platform was sold to Bally Technologies (now Scientific Games).
- In 2013, he acquired Global Poker Index (the leading rating agency of live Poker) as well as The Hendon Mob (the world’s largest live poker database).
- To promote blockchain innovation in Malta, he also established the Chiliz Blockchain Campus – an accelerator and industry hub connecting some of the largest industry stakeholders across Asia and Europe, along with other emerging blockchain entrepreneurs.
Tokenomics
Basic information about ACM tokens
- Token name: AC Milan Fan Token
- Ticker: ACM
- Blockchain: Chiliz Chain
- Total Supply: 20,000,000 ACM
- Contract: 0xEA6A3E367e96521fD9E8296425a44EFa6aee82da
Token Allocation
- Community: 83.3%
- Airdrops: 15.7%
- Binance Launchpad (IEO): 1%
Token Release
ACM tokens held by AC Milan have a linear monthly grant schedule of 6 years, where 4,000,000 ACM tokens are issued in the first year and 3,200,000 ACM tokens per year for 5 years next, starting February 2021.
Exchanges
Exchanges trading the BAR token list include: Binance, Bybit, Bitget, Upbit, MEXC…
Information Channel of AC Milan Fan Token
- Website: https://www.fantoken.com/acm/
- Twitter: https://twitter.com/socios
- Medium:
Summary
The AC Milan Fan Token platform will focus on building a community among fans of AC Milan Club, ACM owners have complete rights to vote on the platform’s intentions. If you are a loyal fan of the team, owning some tokens will give you more incentives. The project has also been listed on major exchanges and became a project participating in Binance Launchpad. Therefore, reputation and quality are unquestionable.
Looking at the overall picture of Fan Token projects, we can see that there is still a lot of potential for exploration, in the future there will be many traditional sports organizations participating and big guys will pour investment capital. Ushering in a new era for the global crypto sports economy.