Juventus Fan Token (JUV) is a fan token offered to Juventus football club enthusiasts that grants them a tokenized share of power, such as voting rights on official club decisions, exclusive access to the Juventus team, prizes, and much more.
Juventus was the first club in the world to launch fan tokens on Socios.com in late 2019, and fans have since enjoyed a variety of club-related opportunities, including the selection of an official team bus design, a new goal song, and the opportunity to select a fan-designed ‘J’ icon to be transformed into a piece of official club merchandise and sold globally.
How Does Juventus Fan Token (JUV) Work?
JUV is a utility token that works similarly to most sports fan tokens. JUV functions as a membership key, granting its holders the ability to influence and connect with the team, as well as impact decisions made at the Juventus headquarters.
Socios.com, the originator of this fan token in collaboration with Juventus F.C., hosts it on their app. This blockchain-based fan interaction platform allows users to purchase $JUZ tokens in exchange for $CHZ, their in-app (native) token.
JUV is created on the Chiliz Chain, an Ethereum-based proof-of-authority sidechain, and is primarily used as a governance token. The token holders can use smart contracts to vote on various contract-binding fan decision polls that are released by Juventus. JUV holders can receive rewards from interactions using the same app, and in the future, JUV can be staked to obtain Non-Fungible Token (NFT) benefits.
Giorgio Ricci, Co-Chief Revenue Officer, Head of Global Partnerships and Corporate Revenues of Juventus said: “Juventus is glad to welcome Socios.com to our partners. At the Club, we are always very careful and proactive towards innovation and new technologies. Together with Socios.com, we believe that we can offer new opportunities to our worldwide fan base to engage in cutting-edge way with their favorite club.”
Alexandre Dreyfus, CEO & Founder of Socios.com added: “As one of the biggest and most successful football clubs in the world, I am delighted that Juventus has chosen to work with Socios.com, and to seek the rewards that our innovative blockchain technology has to offer.”
How to Buy Juventus Fan Token (JUV)?
To obtain $JUV tokens, fans must first purchase $CHZ using a cryptocurrency exchange or the Socios.com app. These tokens are a limited-edition digital asset that grants access to an encrypted ledger of voting and membership rights possession.
The best VIP advantages come to those who have a greater amount of tokens which increases their clout rating over time and moves them up through multiple reward categories. – Read more about Fan Tokens
You can only vote once on every poll, however, your voter’s weight is determined by the number of fan tokens you hold. For example, if you hold ten fan tokens, your vote will be counted as ten. Each vote is limited to a certain quantity of fan tokens set by the club.
In the near future, a leaderboard feature will be implemented, where supporters will gain reward points depending on how they connect with Juventus via the app, allowing them to compete to become the number one fan in their nation. Socios.com will also have a chat function and games, along with additional features that will be announced soon.
JUV has a total token supply of 20,000,000, of which approximately 1,315,932 have been allocated to club supporters in a Fan Token Offering. Juventus has the remaining tokens, which can be obtained by participating in community events via the Binance Launchpool, or by purchasing directly on exchanges.
Reference: https://coinmarketcap.com/alexandria/article/what-is-juventus-fan-token-juv-features-tokenomics-and-price-prediction
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