Ethereum set foot on the football field with implementing custom fan tokens for the Galatasaray fans. Tune in for more news from CoinChoose.com.
The Turkish football team Galatasaray Spor Kulübü is planning the launch of Ethereum-based fan tokens in association with Socios startup based on sports tokenization platform Chiliz. The tokens are said to be used on the Socios mobile app for fans and in polls. They are going to be the tool for voting on the app. Those polls are going to affect certain decisions made for the football club such as product designs, merchandise, sponsors, social media, game experiences, and more. The value of the voting will be determined by the number of tokens every person owns.
The interaction with the app will lead to rewards, special experiences and many exclusive benefits. The tokens sale will approximately start in Q1 2020. The process would be called Fan Token Offering. The team’s board member Dorukhan Acar commented:
“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.”
The CEO of Socios & Chilliz Alexander Dreyfus also recently commented on the news on Twitter and he is very much pleased with the outcome:
10,016 registrations for the first day, following announcement of @GalatasaraySK joining @socios x @chiliz platform. #tokenization #bemorethanafan pic.twitter.com/xKSnZ8G38k
— Alexandre Dreyfus (@alex_dreyfus) September 16, 2019
Other big football clubs such as Juventus, AS Roman, Athletico de Madrid also joined the Socios platform.
It looks as if this is a great time to be a football fan in the Blockchain world. Tell us in the comments if you are a football fan and if the football tokenization will improve your experience. If you are a news fanatic and love being up-to-date then join the CoinChoose.com community on Twitter, Facebook and LinkedIn now.