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New owners of $ACM tokens will be privileged to take part in the AC Milan major decision-making process.
Professional football club AC Milan has announced a groundbreaking partnership with leading sport-focused blockchain company Chiliz to launch a fan-based token $ACM on Socios.com. According to the partnership’s statement, new owners of $ACM tokens will be privileged to take part in the AC Milan major decision-making process.
Speaking during the announcement, Casper Stylsvig, Chief Revenue Officer of AC Milan said the partnership is a major move towards modernization, particularly digitization of the company. “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,” he noted.
On the other hand, Alexandre Dreyfus, CEO and founder of Chiliz and Socios.com, said that the partnership will significantly widen its ecosystem among other notable benefits. He stated:
“The AC Milan partnership is a great start to a year in which we will work harder than ever on our mission to fully establish Fan Tokens as the ultimate fan engagement tool and as a powerful new revenue generator for the sports industry.”
AC Milan and Chiliz Partnership
With the coronavirus crisis having disrupted sporting events in a major way, digitization has been the only way to engage with fans. Clubs have significantly invested in digital infrastructures to reach out to their global fans.
Turns out digital tokens in the sporting industry are gaining momentum, thus making Chiliz and socios.com an important element.
Most of the Chiliz tokens have been listed on the largest crypto exchange by volume, Binance. As a result of the partnership, Chiliz has noted that the 10% $CHZ bonus for those that bought $LOCK-MD, will be air-dropped into participating accounts. Later on January 21, the $LOCK-MD tokens will be convertible to $ACM fan tokens. However, the $ACM tokens will remain locked until the set date for trading.
The blockchain industry has tremendously revolutionized the sporting industry, and more importantly widen the scope of its market. Global club fans can now feel part and parcel of their best teams, especially when it comes to the decision-making process. Gone are the days when major decisions would be decided through a private boardroom. Major shareholders of the fan-based tokens will be entitled to larger voting power.
AC Milan that participates in the Serie A finished the 2019/2020 season in the sixth position. Notably, the club has won seven times the Champions League tournament thus becoming a major sports club.