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“In our case, not only do we not do gambling , but most importantly, you actually buy something that is valuable. When you own a token of a team, you can vote, you can get a five to ten per cent discount at the club shops, you have VIP experiences in the boxes, and then tickets, etc.

The app is available through the Google Play Store for Android devices and the Apple App Store for iPhones and other iOS devices. The Socios Fan Token app gives you access to the Fan Token marketplace , where you can purchase or trade tokens and keep track of upcoming Fan Token offerings.

From the Socios.com wallet, simply click on the Withdraw icon and choose which Tokens you want to withdraw . To use the feature, users must be Level 2 verified. Note, when a withdrawal has been requested, the amount being processed will be moved to a ‘locked’ status while the withdrawal is in progress.

Socios.com, a blockchain startup aiming to tokenize the sports industry, has secured a major regulatory license allowing it to issue its own payments and loyalty card.