The Juventus Fan Token (JUV) is a utility token that gives Juventus Football Club ("Juventus") fans a tokenized share of influence on club decisions using the Socios application and services.
Socios is a blockchain-based fan engagement and rewards platform for sports and entertainment organizations powered by Chiliz.
JUV is a utility token on the Chiliz Chain, a Proof-of-Authority sidechain built on Ethereum, and is mainly used for the following:
Governance: JUV holders can vote via smart-contract on various contract-binding "fan decision" polls published by Juventus.
Rewards: JUV holders can earn rewards from engagements on Socios.
Staking: in the future, JUV can be staked to earn Non-Fungible Token (NFT) rewards.
JUV has a total token supply of 20,000,000, of which 1,315,907 were initially distributed to club fans via a Fan Token Offering. The remaining tokens are held by Juventus and can be acquired by participating in community activities and Binance Launchpool, as well as by purchasing directly on exchanges.