To find out even more about this project, check out our deep dive of AC Milan Fan Token.
What Is AC Milan Fan Token (ACM)?
AC Milan Fan Token (ACM) is one of 40 fan tokens of various international football clubs under Socios that enable fans of these clubs to have a stake in the clubs’ decision-making, earn VIP rewards and unlock access to exclusive promotions, games, chats as well as earning the chance to be recognised as a superfan.
ACM is a utility token on the Chiliz Chain (built by Chiliz — a fintech blockchain company), a Proof-of-Authority sidechain built on Ethereum. Like the other fan tokens, AC Milan Fan Token gives AC Milan fans the power of influence in how the team operates, by voting on team polls which the teams have to take into consideration. Examples of changes that ACM holders can make include picking jersey designs, naming training venues, and picking the next fan event.
ACM acts as a gateway to every AC Milan fan’s chance to show their loyalty and support for the team by earning reward points, getting VIP experiences and purchasing club merch. Like many other crypto platforms, the larger the number of tokens you have guarantees you a higher level of influence in the tokenbase.
The founders of ACM have described it as the “ultimate fan engagement tool”.
Who Are the Founders of AC Milan Fan Token (ACM)?
ACM is under the Socios platform founded by French internet entrepreneur Alexandre Dreyfus in 2018. Dreyfus has said in an interview with French news platform Sportspro that the goal of Socios is to “support clubs to achieve a better connection between the fans and themselves.”
Dreyfus has also said that the business aims to support clubs to generate additional revenue while recognising the shift in the fan industry from passive to active, such that fanbases can be monetised and fans can earn recognition.
Prior to establishing Socios, Dreyfus founded and is the CEO of chiliz (CHZ), a global sports and entertainment digital currency and tokenized exchange that powers the Socios platform, and is backed by some of the largest blockchain companies in the world. For more than 10 years, Dreyfus has been working to unite cryptocurrency and sports.
What Makes AC Milan Fan Token (ACM) Unique?
AC Milan Fan Token is unique in that it connects celebrity football players together with ordinary fans. The token takes fan support to the next level and allows team fans the chance to get up close and personal with their favourite teams and players, through rewards such as VIP invites, meet and greets and signed merch.
ACM breaks grounds by connecting two very different arenas: sports and cryptocurrency, activities that seem worlds apart yet could mutually benefit from their connection through the token-based app. Fans can now play a part in their players’ lives and sporting organizations can connect with their fans like never before.
For example, ACM token holders have had the influence to pick the official fan motto for AC Milan team’s dressing room.
ACM can be used for three main purposes: governance (having a stake in the football club’s decisions), rewards (based on engagement), and staking (in the future, tokens can be staked to earn non-fungible tokens).
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How Many AC Milan Fan Token (ACM) Coins are There in Circulation?
ACM has a maximum total supply of 20,000,000 tokens, of which there are currently 3,141,172 ACM tokens in circulation. Of these, 2,000,157 were initially released to fans through a fan token offering.
Currently, ACM tokens can be either purchased or earned through game play in the Socios app.
The ACM tokens will be released over a set timeline of six years, where 4 million are released in the first year and 3.2 million tokens are released per year for the next five years.
How Is the AC Milan Fan Token (ACM) Network Secured?
Because the majority of fan interaction with the tokens is through polls, the ACM network is secured through blockchain technology. Every vote’s integrity is secured through a myriad of factors including verified payment providers, data privacy regulations, and partnership with top brands.
ACM is a utility cryptocurrency token built on Ethereum, and a smart contract is a program that runs on the Ethereum blockchain and is supported by the platform. Smart contracts allow the conclusion of trust relationships, transactions, and agreements between anonymous parties.
Can AC Milan Fan Token (ACM) Coin Hit $100?
As of October 2021, the current value of ACM tokens stands around $10. A $100 AC Milan Fan Token price would imply a 10X increase from current levels, which is not a huge leap in the volatile crypto markets, given the club’s global following and especially if the Socios team exceeds its objective successfully.
Where Can You Buy AC Milan Fan Token (ACM)?
ACM is listed on several cryptocurrency exchanges, and the tokens can be obtained by first purchasing Chiliz (CHZ), the in-app currency, which can then be exchanged for the fan tokens. Among them: Binance, Paribu, Pionex, BKEX, Mandala Exchange, HitBTC and Chiliz itself.
Cryptocurrency newbie? You can read more about how to enter the market and how to buy BTC, ACM or any other token? Check out the details on our educational portal — Alexandria.