Socios.com allows fans to exercise their influence by participating in team decisions through Fan Tokens, which are specific to a team or club and provide access to once-in-a-lifetime experiences. Chiliz ($CHZ) is an ERC20 utility token on the Ethereum blockchain that serves as the digital currency for the platform. Fans must purchase $CHZ via a cryptocurrency exchange to acquire Fan Tokens. These tokens are a finite, digital asset that provide access to an encrypted ledger of voting and membership rights ownership. Fan Tokens are minted on an EVM compatible sidechain called Chiliz Chain, which does not currently require transaction fees. The platform's future plans include upgrading the chain to potentially support minting of NFTs and staking. The project has partnerships with major sporting organizations such as FC Barcelona, Inter Milan, AC Milan, Manchester City, and UFC.
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Millonarios FC Fan Token is not audited by CertiK.
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