JUV is a fan token of Juventus Football Club. The token was created on the Socios platform and runs on the Chiliz Chain. Chiliz is a sidechain of the Ethereum network and uses the PoA (Proof of Authority) algorithm. Socios is responsible for the issuance, transaction processing and overall performance of the token. However, Juventus Football Club strictly regulates the issuance and allocation of JUV, as well as the list of products available to owners.
JUV owners can participate in draws to get free tickets to club games, take part in a token hunt to earn more JUV, or buy official club merch and invitations to Juventus events (such as an arena tour on the Allianz Stadium, which is the official team base). However, the privilege to vote on issues important to the club is the main driver to acquire a token. It is voting that turns fans into full-fledged community members. Juventus is obligated to honor all decisions made by token owners.
Socios has announced the stacking feature for JUV and other fan tokens. This will give fans the ability to earn CHZ tokens.
Juventus made an announcement about fan tokens in September 2018, but the distribution through FTO took place a year later in November 2019. 1 315 907 JUV were distributed to fans via fan token offering. Juventus has promised to issue 2.5 million tokens each year, starting in April 2020. The club plans to distribute all tokens by 2028.
If you are thinking of supporting Juventus Football Club and becoming the JUV holder, just go to the SimpleSwap service and follow these steps: