Tokens are assets that can represent proof of ownership or membership. Many specialized blockchains, such as Ethereum and their ERC standard tokens, support tokens for various purposes. Socios.com is an app for football (soccer) fans, where users acquire club-specific Fan tokens to gain voting rights and influence the clubs they support.

Chiliz ($CHZ) is an ERC20 utility token on the Ethereum blockchain, used as the digital currency for the chiliZ and Socios.com platform. The platform introduces a new category of token called Fan Token. Club partners on Socios.com conduct Fan Token Offering (FTO), where fans need to purchase $CHZ via a cryptocurrency exchange to acquire Fan Tokens. These tokens are finite, digital assets specific to a team or club, providing access to an encrypted ledger of voting and membership rights ownership.