AC Milan to Launch ACM Crypto Token for Fans

Chiliz, a Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term company, has announced today that it has partnered with AC Milan to launch the $ACM crypto token for fans through a social platform, socios.com. The new fan token will provide several benefits to the holders including voting rights in club polls.

According to the official announcement, the fan token will be launched within the next few weeks. The $ACM Fan Token holders will be able to take advantage of AC Milan’s VIP rewards. The Italian football club has joined other teams like FC Barcelona, Juventus, PSG and AS Roma to launch a fan token on the fan engagement and rewards platform socios.com.

AC Milan is one of the most prominent football clubs in the world with an estimated fanbase of around 450 million. The club has won 18 FIFA and UEFA trophies along with several Serie A titles.

Commenting on the recent announcement, Casper Stylsvig, Chief Revenue Officer of AC Milan, said: “We are happy to join hands with Socios.com and welcome them to our family as a global partner. This partnership allows us to give our 450 million fans across the world another exciting way to interact with AC Milan, which is particularly important under the current circumstances created by the Covid-19 pandemic.”

Fan Tokens

Last year, leading football clubs around the world entered into blockchain technology with the launch of fan tokens. Finance Magnates reported about the launch of Barca's cryptocurrency for fans in February 2020. Socios.com has grown significantly during the last year as the social platform has sold more than 14 million fan tokens.

“In total, Fan Tokens have generated over $30 USD for clubs and partners in a little over 12 months. In late December and early January several Fan Tokens were listed on major global exchanges driving significant activity, with $PSG and $JUV trading volumes hitting a 24 hour high of $300M in late December,” the official announcement states.