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Galatasaray Teamed up with Blockchain Sports Startup to Release Fan Token

By Shannon Wilson | September 17, 2019

Galatasaray Spor Kulübü – one of the biggest soccer teams in Turkey – has reportedly teamed up with blockchain sports firm Socios to roll out Ether-powered fan token

Specifically, the news was made public in a press release on September 16. The alliance will give way to the appearance of a fan token of the only Turkish club to have brought home the UEFA cup. 

Additionally, Galatasaray will have a featured slot on the blockchain-based, influence and rewards mobile app developed by Socios, specifically for football supporters. Fans will have the ability to take part in club-entrusted polls using the fan tokens, along with contributing their opinions on topics that will be generally voted by fans.

The polls will include information regarding “new official product designs, matchday activities and in-stadium experiences, as well as sponsorship campaigns and collaborations and social media content.” 

The more tokens in a fan’s possession, the more valuable that fan’s vote. 

Fans can amp up the awards they receive, or “competing for club-specific once-in-a-lifetime experiences and enjoying exclusive rights”, by raising their level of interaction.

Socios promised features such as exclusive leaderboards, games and merchandise will soon be available for the fans. 

The tokens will be put up for public purchase in the 1st quarter of next year, via a process dubbed Fan Token Offering on Socios.com.

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