AC Milan works on its own cryptocurrency

The Italian team AC Milan, is working on the launch of its own cryptocurrency in the hands of the company specialized in blockchain, Chiliz.

This is how a token called ACM will be launched on the market, which will serve as an incentive for the team’s fans to obtain rewards and privileges.

In an official team statement, it was indicated that the digital asset will be launched through the partners.com platform, which has also partnered with other teams such as FCBarcelona,​​Juventus, PSG, among others.

The AC Milan token will be launched in the coming weeks, on a date yet to be determined. According to Casper Stylsvig, the more than 450 million fans of the team worldwide will be able to access the token, which is important to the club due to the budgetary complications generated by the Covid-19 pandemic.

Such was the volume of participation in the purchase of the FC Barcelona token last year, that the Socios platform collapsed for a short time. The 600,000 BAR tokens sold out in 2 hours, raising $ 1.3 million.

K. Tovar

Source: Socios.com