AC Milan Fan Token (ACM)The exchange rate of one ACM at 21:08 UTC is 2.345$
To understand how the “AC Milan Fan Token” works, you need to learn more about this digital asset. It is part of the utility tokens. Unlike cryptocurrencies, they are not intended to be securities or financial assets.
The purpose of a fan token is to provide access to a product or service - in particular, to become more actively involved in the life of the club. A person who purchases tokens gets the right to participate in certain decisions, as well as access to exclusive content and products.
Utility tokens can also be resold in dedicated environments. Each club is free to determine the rules for the use of its assets, deciding what benefits will be offered, as well as how many tokens are needed for each benefit.
Fan Tokens work in the same way as Fan Affiliate Programs, but they provide a lot of dynamism and personalization. Because of this, they offer benefits to fans and are another form of profitability for clubs.
Like cryptocurrencies, this type of token is based on blockchain technology for registration and validation. Many of them use the Ethereum network protocol. This system is responsible for ensuring greater safety for fans.
What is the AC Milan Fan Token (ACM) and how does it work?
One of the clubs that have joined the fan token system is the Italian AC Milan, which is headquartered in Milan. It is considered one of the biggest football teams in the world, with several achievements and titles to its credit.
AC Milan lit up in all world championships. The creation of their digital asset was done in partnership with “Socios.com” and “Chiliz”, which offers the platform's native token (CHZ).
The AC Milan Fan Token (ACM) was released to the market in February 2021 with a proposal to allow users to participate in club decision making. In this way, you can take part in team discussions, get official products and access to exclusive experiences.
Among the actions already carried out by AC Milan was a vote on the design of the team's bus, a message posted in the dressing room, and others. In addition, there is a chance to be selected to visit the Giuseppe Meazza Stadium (better known as the “San Siro”).
Fan Tokens can also provide an opportunity to meet players and receive autographed items. It's also worth mentioning that fans participating in the Fan Token Program are the first to hear about the club news and have discounts on official merchandise.
Interestingly, the club has a limit of 20 million tokens that will be given to fans. As part of the initial offer, 2 million tokens were issued. The remaining assets are planned to be launched gradually, completing the cycle in 6 years.
What are the benefits and the risks of this investment?
The purpose of Fan Tokens is not to serve as a form of payment or investment. However, it is possible to buy and sell these digital assets. Therefore, there are users in this market who are looking to capitalize on the ACM price difference.
If this is of interest to anyone, then it is important to know what benefits and risks they can offer before buying crypto assets. In the case of fan tokens, you can get a return if the assets increase in value and can be resold.
But since the focus of Fan Tokens is on their usefulness, speculation can be very dangerous. After all, the intention is only to strengthen the relationship between the fan and his favorite team. The main advantage of the AC Milan Fan Token is to receive benefits and share in the club.
A speculative operation has risks that must be taken into account. The first of these is fluctuations in the price of an asset. Since cryptocurrencies are not regulated by any economy, they are subject to the law of supply and demand and are more sensitive to strong fluctuations.
Another important factor regarding the risks of fan tokens has to do with asset fidelity. This is due to the fact that if the club fails to renew the contract with the “Socios.com” platform, the coins will lose their usefulness – and therefore their value.
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