Fan Tokens grant supporters across various sports the ability to exert influence over their preferred clubs, leagues, or teams. Via Socios.com, these tokens enable fans to take part in specific organizational choices, such as selecting a goal celebration anthem for football matches or deciding on MMA fighter matchups. Additionally, holding Fan Tokens provides entry to exclusive opportunities, including player meet-and-greets and training day activities.

The roster of partners issuing Fan Tokens on the Socios.com platform continues to expand, featuring major global sports entities like FC Barcelona, Inter Milan, AC Milan, Manchester City, UFC, ROUSH Fenway Racing, and Aston Martin, among others.

Chiliz ($CHZ) functions as the ERC20 utility token and digital currency for the Chiliz and Socios.com platform on the Ethereum blockchain. The launch of this platform, along with other sports blockchain initiatives, introduced a new class of asset known as the Fan Token. On the Socios.com platform, club partners (some yet to be announced) conduct events termed Fan Token Offerings (FTO). To obtain these team-specific Fan Tokens, supporters are required to buy $CHZ through a cryptocurrency exchange. These finite digital assets grant holders access to an encrypted ledger that records voting privileges and membership rights.

Fan Tokens are issued on Chiliz Chain, a permissioned sidechain that is compatible with the Ethereum Virtual Machine (EVM). Currently, Chiliz Chain does not impose any transaction fees, which ensures that sending and receiving Fan Tokens remains both rapid and affordable.

Chiliz has outlined future plans to enhance Chiliz Chain, aiming to become a dominant force in the sports blockchain industry. This evolution may eventually support additional functionalities such as staking and the minting of NFTs.

Juventus Football Club, often referred to as Juventus or Juve, is a professional soccer team located in Turin, Piedmont, Italy. The club participates in Serie A, the highest division of Italian football. Established in 1897 by a collective of students from Turin, the team has utilized a black and white striped home uniform since 1903. They have hosted home games at various venues within the city, most recently at the Juventus Stadium, which holds 41,507 spectators. Known as Vecchia Signora ("the Old Lady"), the club holds the record for the most victories in several competitions, including 36 official league titles, 14 Coppa Italia titles, and nine Supercoppa Italiana titles. Additionally, their trophy cabinet includes two Intercontinental Cups, two European Cups/UEFA Champions Leagues, one European Cup Winners' Cup, a joint national record of three UEFA Cups, two UEFA Super Cups, and a joint national record of one UEFA Intertoto Cup.