Trabzonspor Partners Chiliz to Launch Fan Token

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Trabzonspor Partners Chiliz to Launch Fan Token

Turkish football club Trabzonspor has partnered with Chiliz to launch their fan token. Trabzonspor joins football organizations like FC Barcelona, Atlético de Madrid, Paris Saint-Germain, Juventus, AS Roma, Galatasaray, CA Independiente, Apollon Limassol, and eSports organizations Team Heretics and OG in using the fan token system of Socios.com.

According to reports, Trabzonspor will release their Fan Token ($TRA) on the Socios.com app and the Chiliz Exchange.

Possible benefits

The holders of Trabzonspor Fan Tokens ($TRA) will reportedly be able to impact club decisions and vote in several polls each season on Socios.com. In addition, token holders get the opportunity to obtain rewards linked to the club’s innovative digital experiences. These rewards include meeting players and watching games as a VIP when fans return to the stadiums.

Additionally, the club revealed plans to release a leaderboard where fans can receive rewards points based on how they interact with the club through the app. Thus, giving fans the chance to compete to become the top fan in their region/country.

Alexandre Dreyfus, the CEO and founder of Chiliz and Socios.com, commented on the development. He said, “The passion for football in Turkey is incredible. But, there’s also a willingness to embrace new technology that makes it a massively appealing market for us.”

Alexandre Dreyfus also claims that Trabzonspor shares the vision of Socios.com. This is the notion that they can build a closer connection with their fans in Turkey and around the world via blockchain technology.

Sinan Zengin, the general manager at Trabzonspor, added, “Thanks to this partnership, we will have much more effective communication with our fans who are spread all over the world. Our fans will have the chance to influence and change the decisions of our club on some issues.”

About Chiliz, Socios.com, and FanTokens

Chiliz ($CHZ) is an ERC20 utility token on the Ethereum blockchain and a digital currency for sports and entertainment platforms. The token also serves as the digital currency for Socios.com where fans can buy, trade, and execute voting rights in their favorite sports teams.

Following the launch of the Socios.com platform and blockchain ventures, a new type of token was created – the Fan Token.

The fans of an FTO team are usually required to purchase $CHZ via a cryptocurrency exchange to acquire Fan Tokens.

Accordingly, ownership of the token offers fans the chance to partake in fan-led decisions through a mobile voting platform. The tokens also serve as a medium into a secure, exclusive inner circle of fans with shared passions.

The more tokens a fan holds and the more they vote, the higher the rating of that fan. Therefore, moving them upwards through different reward tiers until they get to the highest VIP benefits available.

Recently, Socios.com revealed plans to carry out 4 Fan Token Offerings (FTOs).

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