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News

Socios.com Achieves 4-Year Argentine Football Association Agreement

September 1, 2022 - Around 2 mins mins to read
Fan token issuance platform Socios.com has extended its agreement to provide ARG tokens to the Argentine Football Association (AFA) for the next four years.
Socios.com Achieves 4-Year Argentine Football Association Agreement

After more than half a year of struggle between the Argentinian football team Fan token issuer between AFA, Binance, and Socios.com, Socios.com has finally achieved the final success of the partnership.

Accordingly, Socios.com and AFA have reached a decisive agreement, allowing Socios.com to be the exclusive supplier of ARG fan tokens until 2026, in addition to many programs that create bonus opportunities and similarities. Exciting, creative work related to FIFA World Cup 2022, Copa América 2024, and FIFA World Cup 2026.

AFA’s commitment also extends to further expanding its partnership with Socios.com as a strategic partner, accelerating the organization’s mission to build a connected, Web3-ready community, similar collaborations, and rewards for Argentina fans around the world through ARG.

This is good news for fans chasing the current wave of Fan tokens, which are booming ahead of the 2022 World Cup. Perhaps the token fan company had something up its sleeve. Argentina’s captain, Lionel Messi, also serves as Socios’ brand ambassador. The timing couldn’t be better, with the World Cup coming up in November.

Socios.com Achieves 4-Year Argentine Football Association Agreement

The AFA raised eyebrows earlier this year when it negotiated a five-year sponsorship agreement with Binance, which Chiliz alleged violated a three-year contract between the football association and itself. Chiliz would create the ARG token, and the league’s name would be changed to Torneo Socios.com during the 2021 football season, according to the original deal.

Chiliz claimed it was “outraged” by the AFA’s contract with Binance then and proceeded to sue the AFA to “defend” the rights of supporters who already owned ARG tokens. On January 31, 2022, an Argentine tribunal declared that the AFA and Torneos y Comptencias must take all necessary steps to ensure the ARG fan token, national team sponsorship, and naming contracts rights are honored.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

CoinCu News

AFA

ARG

Argentine

Chiliz

CHZ

Fan token

Lionel Messi

Socios.com

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

Socios.com Achieves 4-Year Argentine Football Association Agreement

Fan token issuance platform Socios.com has extended its agreement to provide ARG tokens to the Argentine Football Association (AFA) for the next four years.
Socios.com Achieves 4-Year Argentine Football Association Agreement

After more than half a year of struggle between the Argentinian football team Fan token issuer between AFA, Binance, and Socios.com, Socios.com has finally achieved the final success of the partnership.

Accordingly, Socios.com and AFA have reached a decisive agreement, allowing Socios.com to be the exclusive supplier of ARG fan tokens until 2026, in addition to many programs that create bonus opportunities and similarities. Exciting, creative work related to FIFA World Cup 2022, Copa América 2024, and FIFA World Cup 2026.

AFA’s commitment also extends to further expanding its partnership with Socios.com as a strategic partner, accelerating the organization’s mission to build a connected, Web3-ready community, similar collaborations, and rewards for Argentina fans around the world through ARG.

This is good news for fans chasing the current wave of Fan tokens, which are booming ahead of the 2022 World Cup. Perhaps the token fan company had something up its sleeve. Argentina’s captain, Lionel Messi, also serves as Socios’ brand ambassador. The timing couldn’t be better, with the World Cup coming up in November.

Socios.com Achieves 4-Year Argentine Football Association Agreement

The AFA raised eyebrows earlier this year when it negotiated a five-year sponsorship agreement with Binance, which Chiliz alleged violated a three-year contract between the football association and itself. Chiliz would create the ARG token, and the league’s name would be changed to Torneo Socios.com during the 2021 football season, according to the original deal.

Chiliz claimed it was “outraged” by the AFA’s contract with Binance then and proceeded to sue the AFA to “defend” the rights of supporters who already owned ARG tokens. On January 31, 2022, an Argentine tribunal declared that the AFA and Torneos y Comptencias must take all necessary steps to ensure the ARG fan token, national team sponsorship, and naming contracts rights are honored.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News

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