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