No 7? Turkish Soccer Club Galatasaray to Launch Fan Token Via Socios

The Turkish professional football club, Galatasaray Spor Kulübü has become the sixth soccer club and the seventh overall sporting business that is joining Socios to release a Token for their fan base.

Socios announced the development on Monday noting that the new Fan Token for Galatasaray is aimed at enabling the fans to vote in club-delegated polls, including matchday activities and in-stadium experiences, official product designs, as well as help to contribute on topics that the club put up for fan vote. 

Fans with more tokens have a more significant influence on the club’s activity, and the more they interact with Galatasaray through the app, they earn rewards in return, per the press release.

The Galatasaray Fan Token will be issued on sale starting from Q1 2020, on the Socios platform, through a process known as a Fan Token Offering™ or FTO. Fiat currency purchases will be converted to CHZ on the app, while fans can also choose to transfer Chiliz (CHZ) token to the in-app digital wallet.

As reported, thousands of Galatasaray Fan Tokens and CHZ token will also be given away for free through Token Hunt, an augmented-reality geo-location featured on the app. The club also plans to let the fans gain access to exclusive merchandise, games, and leaderboard in the future.

Dorukhan Acar, Board Member of Galatasaray Spor Kulübü had this to say regarding their latest partnership:

“As Galatasaray, we are very pleased to join forces with 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 latest announcement by Socios means the startup now has most of Europe’s top soccer clubs on its book including Juventus FC (Italy), Paris St Germain (France), West Ham Fc (England), AS Roma (Italy), and Atletico de Madrid (Spain).

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