To find out even more about this project, check out our deep dive of [Juventus](https://coinmarketcap.com/alexandria/article/what-is-juventus-fan-token-juv-features-tokenomics-and-price-prediction).

## **What are Fan tokens?**

Fan Tokens allow fans across multiple sports verticals to exercise their share of influence within their favourite teams/leagues/clubs. Through Socios.com, fans empowered to participate in certain club decisions, for example, choosing a goal celebration song in a football stadium, choosing which fighters should go head to head in MMA and more. Thanks to Fan Tokens, holders receive access to once in a lifetime experiences such as player meet and greets, training day events & much much more.

The growing list of partnerships launching their Fan Tokens on the Socios.com platform include some of the biggest sporting organizations in the world such as FC Barcelona, Inter Milan, AC Milan, Manchester City, UFC, ROUSH Fenway Racing, Aston Martin, just to name a few.



## **How do Fan tokens work?**
[Chiliz ($CHZ)](https://coinmarketcap.com/currencies/chiliz/) is an ERC20 utility token on the Ethereum blockchain that serves as the digital currency for the Chiliz and Socios.com platform. In launching their platform, alongside other sports blockchain ventures, a new category of token has emerged — the Fan Token. Once onboard the Socios.com platform, yet to-be-announced club partners host what has been called a Fan Token Offering (FTO). Fans must purchase $CHZ via a cryptocurrency [exchange](https://coinmarketcap.com/alexandria/glossary/exchange/) in order to acquire Fan Tokens. These tokens — which are specific to a team or club — are a finite, digital asset that provide access to an encrypted ledger of voting and membership rights ownership.

## **What is Chiliz Chain?**
Fan Tokens are minted on an EVM compatiable permissioned sidechain called Chiliz Chain. Chiliz Chain does not currently require any transaction fee, making the sending and receiving of Fan Tokens fast and inexpensive. 

Chiliz have future plans to upgrade the Chiliz Chain to position themselves as a leader in sports blockchain space, potentially making way for the minting of NFTs, staking & much more.

## **About Juventus**
Juventus Football Club, colloquially known as Juventus and Juve, is a professional football club based in Turin, Piedmont, Italy, that competes in the Serie A, the top tier of the Italian football league system. Founded in 1897 by a group of Torinese students, the club has worn a black and white striped home kit since 1903 and has played home matches in different grounds around its city, the latest being the 41,507-capacity Juventus Stadium. Nicknamed Vecchia Signora ("the Old Lady"), the club has won 36 official league titles, 14 Coppa Italia titles and nine Supercoppa Italiana titles, being the record holder for all these competitions; two Intercontinental Cups, two European Cups / UEFA Champions Leagues, one European Cup Winners' Cup, a joint national record of three UEFA Cups, two UEFA Super Cups and a joint national record of one UEFA Intertoto Cup.

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