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ACM is a utility token that provides fans of AC Milan Football Club (“AC Milan”) with a tokenized share of decision-making at the club through the use of Socios’ applications and services.
Socios is a blockchain-based fan engagement and rewards platform for the sports and entertainment industry backed by Chiliz.
ACM is a functional token built on Chiliz Chain (Chiliz Chain is a Proof-of-Authority side chain based on Ethereum). ACM is mainly used for the following:
Governance: ACM holders can vote on various binding "fan decisions" issued by AC Milan through smart contracts.
Rewards: ACM holders can participate in activities on Socios to get rewards.
Token Staking: In the future, ACM can be staked to earn non-fungible token (NFT) rewards.