$ 30,393.00 3.00%
$ 2,050.06 3.55%
$ 52.84 4.69%
$ 0.086648 2.46%
$ 8.03 0.52%
$ 1.42 4.32%
$ 0.000188 56.42%

Turkey’s UEFA winner to offer football blockchain tokens to fans

Turkeys UEFA winner to offer football blockchain tokens to fans

Galatasaray Spor Kulübü, a popular football club in Turkey, has unveiled a football blockchain tokens concept based on the fan token idea backed by Ethereum.

The concept team has partnered with Socios, a sports fan company based on blockchain to create Chiliz inspired football blockchain tokens.

Chiliz, a platform that tokenizes sports crypto, specializes in such tokens for other foot clubs too.

Socios made the news public on earlier this week announcing the launch of fan tokens based on Ehthereum in collaboration with UEFA champions The Lions (Aslanlar). It is worthwhile to mention that this club holds the rare distinction of being Turkey’s only UEFA champion.

Football Blockchain tokens will boost the club’s revenue

The football stars will be part of a mobile app launch event by the company which features rewards and incentives for its football fans subscribers. Fans of the club can use Ethereum-based football blockchain tokens to take part in various activities associated with the club such as voting. They can play an active role in the key issues that affect the club, thereby giving more power to the fans.

These polls will be decisive in various concerns including match day activities, merchandise design of official accessories, stadium experiences, digital media content, sponsorship campaigns, and much more.

Just like the underlying blockchain concept, the worth of a person’s vote will be directly proportional to how many fan tokens he/she owns. The fans can increase their rewards points by increasing their interacting with the football team. Besides rewards, there are special rights and many other exciting experiences waiting to be earned. It hopes to roll out merchandise plus other great stuff associated with fan tokens.

Turkey’s first-ever football club tokens

Turkey’s first-ever football club tokens will be available on Socios beginning first quarter of 2020. It will be a game-changer for local sports club as it will set the precedence, says Dorukhan Acar, football club’s board member.

He adds that it will open new opportunities for fan interaction. It is a milestone in the club’s journey to achieve worldwide fame and transform their digital strategy. Other notable names represented by Socios include West Ham United, Juventus and AS Roma.

Previously in 2019, Socios joined hands with Binance’s mainnet, Binance Chain. This only reflects that more such tokens will be in the offing in the future.

Gurpreet Thind

Gurpreet Thind

Gurpreet Thind is pursuing Masters in Electrical Engineering at University of Ottawa. His scholarly interests include IT, computer languages and cryptocurrencies. With a special interest in blockchain powered architectures, he seeks to explore the societal impact of digital currencies as finance of the future. He is passionate about learning new languages, cultures and social media.

Related News

Hot Stories

Ethereum wipes out $8.10B while eagerly awaiting 'The Merge'
Crypto exchanges are relisting LUNA after the crash
Shiba Inu price analysis: SHIB devalues at $0.00001150 after bearish run
Dogecoin price analysis: DOGE continues to face rejection below $0.1 mark
Shiba Inu price analysis: SHIB shows bullish potential at $0.00001196

Follow Us

Industry News

Crypto exchanges are relisting LUNA after the crash
TAG Heuer adopts crypto payment option
Nox Bitcoin, a Brazilian crypto exchange, refunds customers UST at $1
Ethereum founder confesses how he has been affected by the crypto crash
OpenSea launches Seaport NFT marketplace