This is a collection of links to material to help fans better understand Socios and its implications for football.
Socios in brief
- Socios is a cryptocurrency business that partners with sports teams to issue ‘fan tokens’ through its app
- Fan tokens are tradeable digital assets (not shares in the clubs) which give access to rewards and the right to vote in club polls
- Socios has signed deals with six Premier League clubs as well as Barca, PSG, Inter and AC Milan, Roma and dozens more
- Socios issues tens of millions of fan tokens per club, as well as gifting one free, non-tradeable token to the club’s season ticket holders and registered supporters
- Socios sells a portion of the tokens – usually between 500k and 2m – splitting the proceeds 50/50 with clubs
- To buy the tokens, you have to use Socios’s own cryptocurrency – Chiliz
- It is not uncommon for more than $1bn of fan tokens to be traded each day
The Ugly Game 