What is AC Milan Fan Token?

AC Milan Fan Token (ACM) is a utility token that aims to bridge the gap between the world of football and cryptocurrency. It is one of the 40 fan tokens under Socios, a platform that allows fans of various international football clubs to participate in the clubs' decision-making process. ACM is built on the Chiliz Chain, a Proof-of-Authority sidechain built on Ethereum. The token provides AC Milan fans with the opportunity to influence the team's operations by voting on team polls. It also offers fans the chance to receive reward points, gain VIP experiences, and acquire club merchandise. The more tokens a fan holds, the higher their level of influence within the tokenbase.

How does AC Milan Fan Token work?

AC Milan Fan Token operates as a gateway for fans to show their loyalty and support for the team. It allows fans to vote on team polls, which the team takes into consideration. These polls can influence various aspects of the team, such as jersey designs, training venue names, and fan event selections. The token also provides fans with the opportunity to receive reward points, gain VIP experiences, and acquire club merchandise. The token's functionality is maintained through blockchain technology, ensuring the integrity of every vote. ACM is a utility cryptocurrency token built on Ethereum, and it utilizes smart contracts, programs that run on the Ethereum blockchain.

What are the potential use cases for AC Milan Fan Token?

AC Milan Fan Token has three main potential use cases: governance, rewards, and participation. In terms of governance, the token allows fans to have a say in the football club's decisions. As for rewards, fans can receive them based on their engagement with the team. In the future, tokens may be used to receive non-fungible tokens. For instance, ACM token holders have had the influence to pick the official fan motto for the AC Milan team's dressing room.

What is the history of AC Milan Fan Token?

AC Milan Fan Token is under the Socios platform, which was founded by French internet entrepreneur Alexandre Dreyfus in 2018. Dreyfus aimed to support clubs in achieving a better connection between the fans and themselves. He also sought to help clubs generate additional revenue while recognizing the shift in the fan industry from passive to active. Before establishing Socios, Dreyfus founded and is the CEO of Chiliz (CHZ), a global sports and entertainment digital currency that powers the Socios platform. ACM has a maximum total supply of 20,000,000 tokens, with a set timeline of six years for their release.