Socios is defined as a mobile application that enhances the fan experience of sports clubs and rewards fans. Socios can also be described as a "first-of-its-kind reward app." Socios was launched to improve the fan experience and provide users with the opportunity to feel closer to their team. Powered by fan token technology, the platform represents a new system of engagement and rewards for sports fans.
Socios was founded in 2018 as a blockchain-based sports app. It allows users to buy cryptocurrencies belonging to various sports teams and interact with the team. The Socios app allows users to connect with their favorite sports teams and earn various rewards. For instance, users can get rewards such as the opportunity to meet their favorite team, autographs of players. They can also access other rewards in exchange for their loyalty. The Socios rewards app is backed by fan tokens.
In addition to soccer teams, the Socios platform also creates partnerships in different sports such as American football, basketball, hockey, combat sports, and motorsports. In this way, users can interact with the teams they admire in different sports and win prizes. In other words, Socios helps fans to be loyal or close to their clubs, giving them rewards for supporting their team and participating in various events. Fans use fan tokens to vote in club polls and gain experience. Fan tokens, created for various clubs, offer benefits related to sports clubs and special experiences for fans.
How Does Socios Work?
Socios is built on the Chiliz blockchain network. The official currency is $CHZ. Socios works with the fan token to allow fans to influence decisions about the team and feel loyalty to their favorite club or player.
Here's how Socios works:
- Token buying
- Fan tokens and voting
- Access to exclusive content and experiences
- Rewards and loyalty program
- Augmented reality experience
- NFTs and trading
Token Buying
In the Socios app, users can use Chiliz (CHZ) to buy fan tokens that belong to teams. These tokens allow users to interact with their team and participate in decision-making processes.
Fan Tokens and Voting
Users have the right to vote on team decisions using their fan tokens. For example, fans are consulted and vote on issues such as the choice of a jersey design or the team slogan.
Access to Exclusive Content and Experiences
In the Socios app, fans can access exclusive content and experiences with their fan tokens. This can include live broadcasts, interviews, special opportunities to participate in pre-match events, etc.
Rewards and Loyalty Program
Socios also provides fans with a program that offers rewards based on their loyalty. Users can earn rewards for supporting their team and actively using the platform. These rewards can include various benefits such as meet-and-greet opportunities, signed merchandise, participation in special events, etc.
Augmented Reality Experience
Socios' Token Hunt feature allows fans to discover special events using an augmented reality experience. With this feature, users can collect fan tokens at designated points in the physical world and receive different rewards.
NFTs and Trading
Socios also offers fans the possibility to buy and trade NFTs.
What Is Socios United Fan Token ($SSU)?
The Socios United Fan Token ($SSU) is an asset used as the official fan token of Socios. This token functions alongside other fan tokens in the socios app. Holders of this token can vote and participate in polls offered in the app.
What Is Fan Token?
Fan tokens are digital assets used on the Socios.com platform and represent the right of fans to vote. These tokens represent digital assets officially issued by clubs and provide special benefits to fans. While these tokens give the right to vote in the poll, they do not require the use of real tokens. Tokens are not spent to vote and are not deducted from the balance. Tokens are only reduced when they are put up for sale or transferred in another way.
The amount of fan tokens determines the efficiency of the voting process. For instance, a user with 10 fan tokens has the right to vote 10 times in each poll. However, each club sets an upper limit to the number of fan tokens that fans can have to balance the decision process. This prevents any one fan from having an excessively large influence. Fan tokens are a tool that allows fans to interact with their club, participate in team decisions and participate in voting processes. In addition to fan tokens, the Socios.com platform provides access to exclusive content, experiences, and other fan benefits.
