Working with Socios we have a created a platform that will allow you to influence and engage with club decisions like never before.
$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.
Although we only promote $AFC Fan Tokens as a tool to engage with the club, we recognise that a secondary market for trading does exist. As such, we remind you that: a) the value of cryptoassets is variable and can go down as well as up; (b) cryptoassets are unregulated in the UK; and (c) capital gains tax may be payable on any profits made on the sale of cryptoassets.
The decision to open a cryptoasset exchange account on the Socios.com app and purchase $CHZ and/or $AFC fan tokens requires careful thought and consideration. We advise you to spend only what you can afford to lose, and always seek independent financial advice if you are in doubt. You should not purchase any cryptoassets if you do not fully understand the nature of your purchase and the risks involved. We recommend that you refer to the Socios app Terms and Conditions and Help Pages for more information.
What benefits do I get from owning an $AFC Fan Token?
An $AFC Fan Token will give you: certain voting rights on official club decisions and the opportunity to earn real-life and digital club-related benefits and experiences.
How many times can I vote?
You can start influencing club decisions with just one $AFC Fan Token.
Of course, the weight of your vote is defined by the number of $AFC Fan Tokens you own. If you own 10 $AFC Fan Tokens, your vote will count as 10.
We’ll cap each poll at a certain number of $AFC Fan Tokens to keep things nice and fair!
Do I need to pay for it and how can I buy it?
Arsenal Members will receive one non-tradable $AFC Fan Token for free.
$AFC Fan Tokens are also available to purchase exclusively on the Socios.com app.
In order to buy $AFC Fan Tokens you will need to sign up for a Socios account and then purchase the cryptocurrency Chiliz ($CHZ) on the app using either your debit or credit card. 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.
How do I claim my free $AFC Fan Token?
To claim your free non-tradable $AFC Fan Token*
- Sign into Arsenal.com or the Arsenal app with your membership number and password
- Visit the My Arsenal Rewards hub by tapping on your name in the top right hand corner of the screen and follow the link to ‘My Arsenal Rewards hub’
- Go to ‘Rewards’ and redeem the $AFC Fan Token Voucher Code reward to receive a unique code via email
- Download the Socios app – on the App Store, Play Store or via the web app**
- Create an account and tap the Wallet icon
- Tap the mini QR Code icon on the top right corner of the screen
- Enter the voucher code and the token will appear in your Socios wallet
How long does my Fan Token last?
So long as you hold a Socios account, you may use your $AFC Fan Token over and over again to vote on any polls made available to you on the app or to access other VIP experiences or exclusive content offered by the club.
*Open to ages 18+ only, residency restrictions apply. Socios.com terms and conditions apply, see our Terms and Conditions for more information via the My Arsenal Rewards hub.
**The Socios app is not available in every country. Certain jurisdictions where cryptocurrency trading selling and purchasing is prohibited or restricted are geo-blocked. If you are a resident of one of these countries and the Socios.com app if not visible in your country’s app store then local legislation prevents Socios.com from making the app available to you.
We will continue to support Socios to run fun and engaging Club-related polls via the Socios app on a frequent basis during our partnership with Socios. We are developing our plans on what alternative engagement opportunities the Club will provide to token holders as and when our partnership with Socios comes to an end.
Copyright 2023 The Arsenal Football Club plc. Permission to use quotations from this article is granted subject to appropriate credit being given to www.arsenal.com as the source.