The Juventus Fan Token (JUV) is a utility token designed to enhance the engagement of Juventus Football Club fans by allowing them to participate in voting on official club decisions and earn rewards. It operates as a membership key, granting holders access to exclusive experiences, content, and the ability to influence certain club-related decisions.
The Juventus Fan Token is built on the Chiliz blockchain, a sidechain of Ethereum, utilizing the Proof of Authority (PoA) consensus mechanism. It functions by enabling smart contract-based voting processes, allowing fans to participate in club decisions securely and transparently. Fans acquire JUV tokens by buying CHZ, the native token of Chiliz, and exchanging it within the Socios.com app.
Juventus Fan Token has several use cases, including:
Juventus Fan Token was launched in collaboration with Socios.com to improve fan interaction through blockchain technology. Key milestones include:
These developments reflect the transformation in fan engagement driven by innovative blockchain applications.