What is Arsenal fan token?

Arsenal Fan Token was established as a result of the productive cooperation of two parties: Arsenal FC and Chiliz, thus the official fan token of the club was born. With the Socios.com app and $AFC, fans have access to exclusive content, up-to-date information, rewarding quizzes & tournaments, and VIP events.

What is a $AFC fan token?

$AFC is the way we do that. It’s the name of the only official Arsenal Fan Token. Please note: $AFC Fan Tokens are a form of cryptoasset. To acquire fan tokens, you must download the Socios.com app, purchase the cryptocurrency, Chiliz ($CHZ), and exchange this cryptocurrency for $AFC fan tokens.

Can I exchange my $CHZ for a $AFC fan token?

You can then exchange your $CHZ for your $AFC Fan Token. The cost of one $AFC Fan Token varies depending on supply and demand, but the total cost (including any applicable service fees) will always be made known to you on the app prior to purchase. Remember, you only need one $AFC Fan Token to vote in polls and participate in competitions.

Is Arsenal a 'token' or a cryptoasset?

Direct ownership and transactions with crypto assets are mostly unregulated and offer very little consumer protection. The ASA said that Arsenal did not make clear that their “token” was acryptoasset, which could only be obtained by opening an account and exchanging with another cryptocurrency which had to be purchased.

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