Turkish Football Club is going to Launch Fan Token in Q1 of 2020

The football club named Galatasaray is the first club in Turkey that has made partnership with blockchain-based platform Socios empowered through Chiliz token network.

Cryptocurrency will strengthen the Relation b/w Fans &Club

This initiative on the part of Turkish Soccer club will increase the engagement between the fans and their favorite football players through cryptocurrency.

The fans of the club will be able to participate in the polls and cooperate in deciding the important matters including game activities, stadium experiences, product designs, social media content and other stuff. The influence of the vote depends upon the amount of cryptocurrency held by fans. They also promised that club’s fans in the future will also be able to access the games, leaderboards and merchandise.

The board member of Galatasaray Spor Kulübü, Dorukhan Acar said:

As Galatasaray, we are very pleased to join forces with Socios.com and start an exciting journey. This new partnership opens a world of new opportunities for us with respect to our fan engagement and global reach as well as being another milestone in our digital transformation strategy.

Fan Token Offering

The official token offering of Galatasaray called Fan Token Offering (FTO) will launch in the first quarter of 2020 on Socios platform. The cryptocurrency will be purchased through Chiliz (CHZ), the native token of Socios.com or through fiat currency.

Alexandre Dreyfus, the CEO of Socios.com said:

We know that Turkey is a very digitally savvy country – a Statista report* earlier this year indicated that the Turks are early adopters of digital innovation, including cryptocurrencies – and we also know that Turks are enthusiastic football fans. Our product combines the two greatest passions of the Turkish people and we’re delighted to partner with Galatasaray, a giant of the Turkish football scene, to offer Fan Tokens to their millions of fans. This partnership marks another great step forward in opening up cryptocurrencies and Chiliz to millions of fans around the world.

 

Josh Welson

A writer & digital marketing expert working in this industry from past 12 years.

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