Juventus Fan Token-Features-Tokenomics and Price Prediction
Juventus Fan Token (JUV) is a fan token that gives Juventus supporters a tokenized share of power, including voting rights on official club decisions, special access to the Juventus squad, rewards, and more.
In late 2019, Juventus became the first club in the world to launch fan tokens on Socios.com, and since then, fans have had access to a variety of club-related benefits, including the ability to choose an official team bus design, a new goal song, and a fan-designed ‘J’ icon that will be transformed into official club merchandise and sold globally.
What is the Juventus Fan Token (JUV) and how does it work?
JUV is a utility token that functions in the same way that other sports fan tokens do. JUV serves as a membership key, allowing holders to influence and engage with the team, as well as have an impact on choices made at Juventus headquarters.
The fan token was created by Socios.com in partnership with Juventus F.C. and is now available on their app. Users may buy $JUZ tokens in exchange for $CHZ, their in-app (native) currency, on this blockchain-based fan engagement network.
JUV is primarily used as a governance token and is built on the Chiliz Chain, an Ethereum-based proof-of-authority sidechain. Token holders can vote on different contract-binding fan decision polls issued by Juventus using smart contracts. JUV holders can get incentives for using the same app, and JUV can be staked in the future to earn Non-Fungible Token (NFT) advantages.
“Juventus is pleased to add Socios.com to our partners,” stated Giorgio Ricci, Co-Chief Revenue Officer, Head of Global Partnerships and Corporate Revenues at Juventus. We at the Club are always cautious and proactive when it comes to innovation and new technology. We feel that by partnering with Socios.com, we can provide new ways for our global fan base to connect in cutting-edge ways with their beloved club.”
“As one of the world’s largest and most successful football teams, I am thrilled that Juventus has decided to partner with Socios.com, and to seek the advantages that our unique blockchain technology has to offer,” said Alexandre Dreyfus, CEO and Founder of Socios.com.
Fan Opinions on Official Club Decisions are a unique feature of the Juventus Fan Token (JUV)
Through smart contracts, JUV token holders may vote in a variety of fan decision polls provided by Juventus. Juventus is contractually bound to act in line with poll results, and while the club is responsible for organising polls, the supporters’ vote is final.
On the Socios.com App, JUV token holders may earn fan rewards by taking quizzes, playing games, and voting on club matters. Benefits can include VIP access to all home league, cup, and European matches, as well as attending a game with a beloved club hero or even flying with the squad to a distant game.
Bringing Fans from Around the World Together
Users of the Socios platform may not only vote in polls, engage in contests, and take quizzes, but they can also interact with others who share their interests. Juventus Football Club fans may join together with the JUV token to push the community to the next level.
With Just One JUV Token, You Can Have A Big Impact
You can start influencing the team and earning fan incentives with just one $JUV Fan Token. Additional incentives, however, may need the use of more than one JUV token.
How can I get my hands on a Juventus Fan Token (JUV)?
Fans must first acquire $CHZ utilising a cryptocurrency exchange or the Socios.com app in order to get $JUV tokens. These tokens are a limited-edition digital asset that gives you access to an encrypted record of your voting and membership rights.
Those with the most tokens receive the highest VIP benefits, which boosts their clout rating over time and progresses them up through numerous reward categories. – To learn more about Fan Tokens, go here.
You may only vote once every poll, however, the number of fan tokens you have determines your voting weight. If you have 10 fan tokens, for example, your vote will be tallied as ten. Each vote is restricted to a fixed number of fan tokens determined by the club.
A leaderboard function will be deployed in the near future, where fans can earn reward points based on how they interact with Juventus via the app, allowing them to compete to become the number one fan in their country. Socios.com will also have a chat component and games, as well as more features to be announced shortly.
Tokenomics: Juventus Fan Token (JUV)
JUV has a total token supply of 20,000,000, of which roughly 1,315,932 were distributed to club supporters as part of a Fan Token Offering. The remaining tokens are held by Juventus and may be earned by participating in community activities through the Binance Launchpool or by purchasing directly on exchanges.
Price of Juventus Fan Token (JUV)
As of November 15, 2021, the price of Juventus Fan Token (JUV) is $12.82. It has a 24-hour trading volume of roughly USD $6,218,241.85 on exchanges.
Price Prediction for Juventus Fan Token (JUV)
Cristiano Ronaldo was perhaps Juventus’ biggest signing in the previous decade. The former Juventus striker has a net worth of more than $500 million and is often regarded as the finest player to ever play football.
Cristiano Ronaldo has given 770 Fan $JUV tokens while playing for Juventus to commemorate his record-breaking performance of 770 goals as a football striker.
The price of the Juventus Fan Token (JUV) soared after this event and proceeded to maintain critical support levels, breaking the $25 mark in May 2021. From then, the crypto industry’s bear market devoured the JUV coin, which is now trading at roughly $12.
Juventus is not a minor football team, it should be acknowledged. The Italian Club is the second most successful team in European championships and the sixth most successful team in the world. Juventus has two Champions League championships to its record, as well as victories in the Europa League, Super Cup, and a slew of other trophies.
The football club’s enormous popularity means it has a sizable social media following and a strong presence in the football community. The price of the JUV token might rise above its all-time high of $37.83 if Juventus’ marketing staff makes the correct moves.
JUV has dropped since reaching an all-time high of $37.83 in December 2020. During the next bull run in the crypto market, the odds of reclaiming and possibly breaching this price barrier are probable. Despite the fact that Juventus has lost their most valuable marketing asset, Cristiano Ronaldo, to Manchester United of England, the Italian football club may still find methods to sell their token and aid in its price rise.
The launch of crypto payments will be made possible by impending breakthroughs in the field of sports. If Juventus begins to pay its players in cryptocurrencies, particularly its own JUV token, the token’s value might skyrocket.
Additionally, significant JUV token holders may be granted the incorporation of fan actions in player transfers. This is a strategy to get huge investors, often known as whales, to buy the token of their favourite football team and vote for their favourite player on the Italian squad.
Finally, many crypto specialists believe that investing and spending in sports fan tokens is the future of sports. However, regardless of how promising a crypto project appears, you should conduct your own research before investing.