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What is the AS Roma Fan Token (ASR)?
The AS Roma Fan Token (ASR) is a utility token that allows AS Roma Football Club fans to have a tokenized share of influence on club decisions through the Socios application and services.
Socios is a blockchain-based platform for fan engagement and rewards in sports and entertainment organizations, powered by Chiliz.
ASR is a utility token on the Chiliz Chain, which is a Proof-of-Authority sidechain built on Ethereum. It is primarily used for the following purposes:
- Governance: ASR holders can vote on various contract-binding "fan decision" polls published by AS Roma through smart contracts.
- Rewards: ASR holders can earn rewards from engagements on Socios.
- Staking: In the future, ASR can be staked to earn Non-Fungible Token (NFT) rewards.
ASR has a total token supply of 10,000,000, with 1,220,010 initially distributed to club fans through a Fan Token Offering. The remaining tokens are held by AS Roma and can be acquired through community activities, Binance Launchpool participation, or direct purchase on exchanges.
Answers
What are Fan tokens?
Fan tokens are assets that represent proof of ownership or membership. They are used for various purposes and are supported by specialized blockchains like Ethereum and their ERC standard tokens. Socios.com is an app for football fans where users can acquire club-specific Fan tokens to gain voting rights and influence the clubs they support.
How do Fan tokens work?
Fan tokens work through the use of Chiliz ($CHZ), an ERC20 utility token on the Ethereum blockchain. Chiliz serves as the digital currency for the chiliZ and Socios.com platform. Fans can participate in a Fan Token Offering (FTO) hosted by club partners on the Socios.com platform. To acquire Fan tokens, fans need to purchase $CHZ via a cryptocurrency exchange. These tokens are specific to a team or club and provide access to an encrypted ledger of voting and membership rights ownership.
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