Background
ACM is a part of the Socios platform, which Alexandre Dreyfus, a French online entrepreneur, launched in 2018. In an interview with the French news outlet Sportspro, Dreyfus stated that Socios’ objective is to “assist clubs in achieving a greater relationship between the supporters and themselves.”
Dreyfus has also stated that the company’s goal is to help clubs increase their revenue while acknowledging the transition from a passive to an active fan economy, allowing fanbases to be monetized and supporters to receive recognition.
Before founding Socios, Dreyfus developed and is the CEO of chiliz (CHZ), a worldwide digital currency and tokenized exchange for sports and entertainment that powers the Socios platform and is supported by some of the biggest blockchain companies in the world.
What is AC Milan Fan Token?
One of the 40 fan tokens offered by Socios, which represent different worldwide football clubs, the AC Milan Fan Token allows fans to participate in club decision-making, earn VIP prizes, gain access to exclusive promotions, games, and conversations, and stand a chance to be recognized as superfans.
ACM is a utility token on the Chiliz Chain, an Ethereum-based sidechain for Proof-of-Authority. The AC Milan Fan Token, like the other fan tokens, allows AC Milan supporters to influence the team’s operations by voting in polls that the team must consider. For example, the next event can be chosen, the training grounds can be named, and ACM holders can choose the jersey designs.
Every AC Milan fan has the opportunity to demonstrate their allegiance to the team by earning reward points, receiving VIP experiences, and buying club merchandise through ACM. Like many other crypto platforms, having more tokens assures you of having more influence inside the token base.
What Is Special About the AC Milan Fan Token (ACM)?
The way AC Milan Fan Token brings famous football players and regular fans together makes it unique. The token elevates fan engagement by allowing fans to see their favorite players and teams up close and personal with prizes like VIP invitations, meet & greets, and autographed merchandise.
Through the token-based software, ACM opens new ground by bridging two seemingly incompatible fields—sports and cryptocurrency—that could mutually benefit from one another. As a result, sporting organizations may now interact with their fans like never before, and fans can directly influence the lives of their players.
How Many AC Milan Fan Tokens Are There?
The maximum number of ACM tokens that can ever be produced is 20,000,000, and there are now 3,141,172 ACM tokens in use. Two million one hundred fifty-seven were initially distributed to fans as a token fan offering. ACM tokens can now be bought or acquired by playing games on the Socios app.
The ACM tokens will be distributed over six years, with 4 million allocated in the first year and 3.2 million distributed annually for the next five years.
How Does a Crypto Token Work?
Tokens work by attaching a unique identifier to a piece of digital information. When tokens are transferred, the recipient will be asked to provide evidence that they own the pass by providing its unique identifier.
Tokens may also use cryptography to protect their ownership and prevent tampering or counterfeit tokens that can be exchanged for other tokens of the same type, such as collectible coins. Non-fungible tokens (NFTs), on the other hand, are tokens that do not have a one-to-one correlation with additional tokens.
