A new
digital asset
for fans

Fan Tokens are built on blockchain technology but are not specifically a cryptocurrency, however, ownership of Fan Tokens is authenticated by a public ledger (blockchain network), just like with traditional cryptocurrencies.

Fan Tokens are utility tokens built on Chiliz Chain, a POA blockchain focused on sports and entertainment. Fan Tokens use blockchain for authentication, ownership, transactions and voting records.

Fan Tokens are not a currency that you can use to purchase goods, but you can exchange Fan Tokens with other Fan Token holders on selected crypto exchanges.

Fan Tokens are built on blockchain technology, but they are not specifically a cryptocurrency. However, ownership of Fan Tokens is authenticated by a blockchain network, just like with traditional cryptocurrencies. 

Fan Tokens are ERC-20 utility tokens, which means they are linked to the Ethereum blockchain for authentication, making ownership, transaction, and voting records secure and verifiable. Fan Tokens are not a currency that you can use to purchase goods, but you can exchange Fan Tokens with other Socios fan token holders and on the open crypto-token market. 

To gain access to the exclusive perks Fan Tokens provide, you will need the Socios.com app on your smartphone. The app is available through the Google Play Store for Android devices and the Apple App Store for iPhones and other iOS devices. 

The Socios Fan Token app gives you access to the Fan Token marketplace, where you can purchase or trade tokens and keep track of upcoming Fan Token offerings. Token holders will find plenty to do inside the Socios app, including voting in team polls, playing trivia games that test their team knowledge, participating in competitions, and gaining VIP access at team events. 

The app also includes Token Hunt, an augmented reality game that lets you find free tokens hidden in your community. 

Fan Token holders gain access to a wide range of rewards and benefits. These can vary between teams and depends on the number of Fan Tokens you hold. Beyond that, it’s up to each team to decide which perks token holders get access to.

With Fan Tokens, you can take part in promotions to be in with a chance to win prizes and experiences. Tokens holders can also participate in team polls, games, quizzes and more to gain points. As you engage with the app and accumulate points, you’ll earn SSU loyalty tokens, our in-app loyalty currency. Loyalty tokens can be used to redeem team merch, memorabilia, match-day & VIP experiences, meet & greet events and more from our Fan Rewards feature.

Fan Tokens give you the power to impact certain fan-related decisions! Some examples of choices that Fan Token holders have impacted include the exterior design of the team bus or the pattern choice for new team kit designs.

Some teams have allowed fans to make choices about the team motto, warm-up music, and the locker room decorations, or you could even have your say about the starting XI.

Fan choices are decided by binding polls that run through the Socios.com mobile app. The team decides on the nature of each poll, but the fans get to make the decisions. The results of each poll are final, and no one on the team can override a choice made by Fan Token holders.

The way polls work is simple. For every poll, each Fan Token holder gets one vote. The strength of that vote is determined by the number of Fan Tokens you possess. If you own one Fan Token, your vote has the weight of one. However, if you hold 50 Fan Tokens, your vote would wield 50 times more impact.

Each poll will have a max cap on the number of Fan Tokens you can use to vote.

Fan Tokens give you access to perks like a membership might, but there are no annual or monthly subscription fees when you hold Fan Tokens. Fan Tokens never expire, and you can keep them forever without ever paying more for the privilege. As with any blockchain-secured token, buying Fan Tokens requires a cryptocurrency transaction. You can’t buy fan tokens directly with FIAT currency, but you can purchase Chiliz tokens and exchange them for the Fan Tokens of your choice. Fan Tokens are traded on the Chiliz exchange and available through the Socios app. How do you buy Fan Tokens? To purchase Fan Tokens, you must use Socios.com’s in-app currency called Chiliz ($CHZ). First, you need to buy $CHZ, and then you can exchange it for any Fan Token on the Socios platform. Some Fan Tokens exist outside the Chiliz network, which may accept other purchase options. You can use your debit or credit card to purchase $CHZ tokens from the Socios app. What is Chiliz? Chiliz is a blockchain company on a mission to help fans engage with their favourite sports teams and help teams find new ways to monetise their fanbase. The Chiliz ($CHZ) token is a digital asset powered by the Ethereum network. It is an ERC20 utility token traded on global cryptocurrency exchanges, such as Coinbase and Binance. $CHZ is the cryptocurrency required to purchase and exchange Fan Tokens on the Socios platform. What’s the difference between NFT’s and Fan Tokens? You may have heard a lot of buzz about a new digital asset class called NFTs, or non-fungible tokens. NFTs are often associated with digital images and other digital media. They are used to track ownership and provenance of unique one-of-a-kind digital assets. NFTs and Fan Tokens are different types of digital assets. While Fan Tokens are not explicitly meant for financial transactions, each Fan Token for any individual team is precisely identical to every other Fan Token for that club, making them a fungible asset that you can trade on an exchange.