The AC Milan Fan Token (ACM) is a utility token that gives AC Milan Football Club ("AC Milan") fans a tokenized share of influence on club decisions using the Socios application and services.
Socios is a blockchain-based fan engagement and rewards platform for sports and entertainment organizations powered by Chiliz.
ACM is a utility tokenon the Chiliz Chain, a Proof-of-Authority sidechain built on Ethereum, and is mainly used for the following:
Governance: ACM holders can vote via smart-contract on various contract-binding "fan decision" polls published by AC Milan.
Rewards: ACM holders can earn rewards from engagements on Socios.
Staking: in the future, ACM can be staked to earn Non-Fungible Token (NFT) rewards.
ACM has a total token supply of 20,000,000, of which 2,000,157 were initially distributed to club fans via a Fan Token Offering. The remaining tokens are held by AC Milan and can be acquired by participating in community activities, as well as by purchasing directly on exchanges.