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Socios boss’ goal? To knock crypto out of the park

magazine-Chiliz-scaled.jpeg

What is a sports fans dream come true? To be the announcer at an AC Milan home game, in front of 75,000 roaring Rossoneri fans?

To play a football match on the hallowed turf of your beloved FC Barcelona?

To tour the garage of an F1 team pre-race, then watch the Monza Grand Prix from a VIP box?

These are some of the biggest rewards handed out as incentives to join Chiliz, or CHZ-based, fan token schemes on Socios.com. There are also lesser, but still desirable prizes, like meeting your sports idols, choosing the music to be played when your team scores a goal, or voting on the design of next years team strip.

Socios.com has now partnered with over 170 sporting clubs across 25 countries and 10 sports, including American football, soccer, basketball, cricket, esports, ice hockey, mixed martial arts, motorsports, tennis and rugby. Eighty of these organizations have already launched their official fan tokens on the Socios.com app, and it has high-profile deals with giants, such as Manchester City, Barcelona and the Aston Martin F1 Team.

Alex DreyfusAlex Dreyfus chats with Magazine from his office. Source: Julian Jackson

The team captain behind this is Socios CEO Alex Dreyfus. Im French, 45 years old right now. And Ive been an internet entrepreneur for the last 25 years. I left school before [I was] 18 years old. I created my first company in 1995 at the beginning of the internet. Im the generation of the Web 1.0. So, for the last 25 years, my journey always has been to try to use the technology to create something that does not exist and try to embrace it before the others.

He started by developing a French city guide that first covered Paris, then 36 other French cities. A serial entrepreneur, he moved on to an online gaming project, with sports betting and online poker. While there are fewer regulations in France, unlike in the United Kingdom, there arent betting shops everywhere. He moved to Malta 17 years ago and, 10 years ago, cashed out his betting ventures to raise capital for his next project.

Amusingly, he started out as a Bitcoin skeptic. Coming from the highly regulated world of online gambling, he had difficulty wrapping his thoughts around a decentralized system with no supervisory body.

Bitcoin skeptic at first

In Iceland for his honeymoon, Dreyfus came across a shop that took Bitcoin, which sparked something in the back of his mind. When he came home, he found the gaming space was full of crypto enthusiasts making money. I saw my Twitter feeds all of my friends trading crypto, talking about it.

And so, in 2017, I spent a lot of time to educate myself. He followed Andreas Antonopoulos and some other crypto influencers.

As an entrepreneur, I always try to find new opportunities not as an investment but to develop. At the end of 2017, I started to look at crypto from a sports angle.

An idea was percolating in his mind. Sports are global an international language. This means many, if not most, supporters dont live in the originating country. According to one survey, there are 253 million Manchester United soccer fans in China or nearly four times the entire population of the United Kingdom!

Alex DreyfusAlex Dreyfus dreamed up fan tokens as a way to engage with a teams global fanbase.

To be sure, sports like F1 travel the world with races in different countries, but to attend sports like American Football, soccer or the National Basketball Association, you usually need to be in the host country.

Yet these worldwide fans are devoted to their teams, too, which is a huge base for a business.

Dreyfus notes that sports was ripe for disruption.

The industry hasnt been disrupted for the last 30 or 40 years, unlike most of any other industry in the world. Travel booking, dating, of course, taxis, banking they have all been more or less disrupted. Sports is still the same pretty much it was years ago. Management of these global brands can be quite risk-averse.

Fan tokens are a way to create a new revenue stream for the many supporters who live abroad.

On Jan. 6, 2018, I decided to come back to the office after Christmas and say, Lets do it. We are launching our business in that space. And at that time, we are 10, maybe 12, employees. It was a leap of faith, he says.

Fast forward to today, we are 300 employees in nine offices in the world. We are the biggest company in the blockchain/sports sector, but we are also one of the biggest mainstream blockchain products that is not an exchange or wallet. We created the concept of fan tokens.

Essentially Chiliz (CHZ) is the entry point, allowing fans to go onto socios.com and buy tokens for their favorite National Basketball League, Formula 1, rugby or other sports team. It is just like trading on any ordinary crypto exchange, except the tokens main utility is theoretically, at least to allow fans to have deeper engagement with their favorite club. The utility tokens are primarily a social investment, not a financial one.

Meet and greetFans meet international soccer stars Rafa Mrquez and Javier Zanetti. Source: Socios

Leveling up the fan experience

Fan tokens enable fans to vote or participate in decisions to do with their team e.g., to choose the music played when a goal is scored, scarf designs or the number a player will wear.

There is a certain similarity to DAOs: where everyone with the token has input into governance for decisions that matter to them. Dreyfus describes this as a share of governance, not ownership a kind of sports influencer. Its making fans more a participant than a passive spectator. Their top prize for soccer/football fans is Living the Dream, where fan tokenholders get to play soccer in their teams colors on the home stadium with a star player, photographers and commentator the full works.

If I had to define this experience in one word, it would be: spectacular. Barcelona soccer BAR fan tokenholder on playing on her teams pitch with fellow fans and Spanish La Ligas top player, Samuel Etoo.

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Just as Chiliz and Socios were starting to take off, COVID-19 hit, and clubs had to ponder what their businesses were going to do when the stadiums were empty. So, fan tokens made a lot more sense at that point.

Strangely, first COVID-19 and the current crypto winter have worked to the advantage of Socios. Dreyfus feels that the contraction of the crypto sector is removing some of the more impractical projects, but fan tokens, with their global base in sports lovers, will be able to continue to develop without distractions.

However, the World Cup has not worked in its favor so far as many expected, and the token actually fell in the first week.

More of a marathon than a sprint

Dreyfus feels that Socios real goal (haha) at the moment is to engage the non-crypto-native fans, to convince them that fan tokens have real value to them, as they are likely to be a bit skeptical at first. Currently an Ethereum token, he says there are plans to launch its own blockchain for the sports industry.

The company is in the process of developing a sports club-based blockchain Chili Chain 2.0, which is to be based in the sports industry, with them as nodes and validators, he says.

The first iteration of this is planned for late this year, or early next. The idea is that there would be a whole ecosystem of sports clubs and fans (and Socios.com) interacting and trading with each other, and generating revenue and rewards.

Lets give a fan the last word: To live what your idols experience is priceless there is no possible comparison.

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  • 14.10.25 08:46 robertalfred175

    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 14.10.25 08:46 robertalfred175

    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 18:07 crypto

    Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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