Tips, Tricks, and Guides

Interest Growing in Chiliz SOCIOS.COM Staking Feature “Locker Room”

  • The new feature, which went live on Monday, October 5th on fan voting and rewards app Socios.com, allows $CHZ holders and sports fans to stake $CHZ for the chance to get new Fan Tokens and a 10% $CHZ bonus yield.
  • The first three teams in the Locker Room (named under an alias) are The Galácticos,  Blue Manchester and Milan Devils.
  • Over 500,000 Locker Room Tokens have been purchased already for these teams with in excess of 100M $CHZ staked.

Chiliz $CHZ have proven their ability to partner with and launch Fan Tokens – tradeable digital assets that can be used to vote in club polls and earn rewards – with some of the biggest names in sports – FC Barcelona, Juventus and Paris Saint Germain included. 

To date, 11 major sporting organizations have launched Fan Tokens on Socios.com and Chiliz.net – the world’s-first tokenized sports exchange.

Now the fintech blockchain company has decided to “spice” things up further by launching Locker Room – which went live on October 5th on Socios.com. The new feature allows 

$CHZ holders to stake $CHZ for the chance to get new Fan Tokens at entry price and a 10% $CHZ bonus yield.

At the time of writing, over 500,000 Locker Room Tokens have been purchased, with over 100M $CHZ staked on Socios.com and the number is rising. If you think you might want to get involved here’s the details on how it works and the key metrics.

Here’s how it works:

Enter the Locker Room on Socios.com and you’ll find Lockers for different potential partner clubs. Enter an individual Locker and you’ll find Locker Tokens for that potential partner.

The first 3 Lockers/Locker Tokens are:  

The Galácticos ($LOCK-TG)

Blue Manchester ($LOCK-BM)

Milan Devils ($LOCK-MD)

We’ll leave it up to you guys to determine exactly which clubs Chiliz is referring to, but if you’ve got even the most basic sporting knowledge, figuring this out shouldn’t be too difficult.

Getting Locker Tokens and What to Expect

  • To purchase Locker Tokens, download the Socios.com app, click on the Locker you wish to enter in the Locker Room feature and use $CHZ to purchase.
  • Lockers will stay open for 120 days.
  • Owning a Locker Token will be the only way to ensure you get the base entry price for the potential Fan Token before it officially launches and the price is determined by the marketplace.
  • Locker Tokens will be sold on a first-come, first served basis.  This will still be the case if the final supply determined by the potential partner club is lower than stated and if the launch takes place during the 120 day window.
  • ‘Staking’ Bonus: Should you purchase Locker Tokens which then become official Fan Tokens, you’ll also receive a 10% $CHZ staking bonus pledged back into your Socios.com account. 10% yield for 120 days.
  • Should the potential partner club decide to launch on Socios.com, Locker Tokens are transformed into official Fan Tokens at a 1:1 ratio.
  • Should the potential partner club decide against launching a Fan Token, 

users who have purchased Locker Tokens will receive a refund of the $CHZ pledged to their Socios.com account once the 120 day window has elapsed.

Locker Token Metrics

Here’s all Chiliz pilot trio of Locker Tokens

The Galácticos

Locker Token: $LOCK-TG

$LOCK-TG price: 200 $CHZ 

$LOCK-TG sales cap per user: 5,000 $LOCK-TG

Locker sales cap: 800,000 $LOCK-TG*

Total potential Fan Token supply: 40,000,000.

Locker window: 120 days

*Locker sales cap equals 2% of the potential partner clubs total Fan Token supply.

Milan Devils

Locker Token: $LOCK-MD

$LOCK-MD price: 200 $CHZ 

$LOCK-MD sales cap per user: 5,000 $LOCK-MD

Locker sales cap: 500,000 $LOCK-MD*

Total potential Fan Token supply: 20,000,000.

Locker window: 120 days

*Locker sales cap equals 2.5% of the potential partner clubs total Fan Token supply.

Blue Manchester

Locker Token: $LOCK-BM

$LOCK-BM price: 200 $CHZ 

$LOCK-BM sales cap per user: 5,000 $LOCK-BM

Locker sales cap: 500,000 $LOCK-BM*

Total potential Fan Token supply: 20,000,000.

Locker window: 120 days

*Locker sales cap equals 2.5% of the potential partner clubs total Fan Token supply.

To find out more about Locker Tokens see here

You can also download the Socios.com app here: https://bitly.com/CHZ-LR 

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