August 9, 2020

Turkey's largest football club to issue Ethereum-based fan tokens

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Galatasaray will launch Ethereum-based tokens

Galatasaray Football Club will soon issue Ethereum-based fan tokens in partnership with startup blockchain Socios sports fans based on the tokenization platformToken
- The unit of account used to represent the digital balance sheet of an asset. More details Chiliz.

Galatasaray fan tokens

Startup Socios September 16th, announced ina press release that, as a result of the partnership, The Lions (Aslanlar) - the only Turkish club to win a major UEFA tournament - will release its fan tokens on its platform.

"Socios.com offers football fans a new way to interact and get closer to their favorite clubs by owning digital assets known as Fan Tokens."

Fan Tokens Galatasaray will allow fans to vote in club polls, helping them make decisions on topics that the club votes for fans.

In the future, fans will be able to access exclusive products, games, and leaderboards.

  • Other well-known football clubs have joined the Socios platform, including Paris Saint-Germain, Juventus, West Ham United, AS Roma and Atlético de Madrid.
  • Chiliz, the sports blockchain company behind Socios, has announced a strategic partnership with Binance Chain, the main chain of the major Binance cryptocurrency exchange.