Sports tokenization platform Socios.com and its native token Chiliz (CHZ) are making a lot of headlines nowadays. A few days ago they were in the news for inking a partnership with Soccer Club Atlético de Madrid, and today they’ve got another leading football club to join them:
Turkish football club Galatasaray SK has now announced its Fan Token to be built over Socios platform.
The announcement came from Galatasaray on its official website. They claimed that they’ve become the first Turkish football club to join Socios.com, which is already used by European football clubs to engage their fans. Their Fan Token will allow the fans to have a greater say in the decisions of the club by voting on various subjects through Socios.com.
The more tokens someone has, the higher will be his/her authority in the decisions of the club. The more someone interacts with Galatasaray team through the Socios application, the more special prizes and privileges he/she will win.
The Fan Token Launch:
Galatasaray will launch its Fan Token in the first quarter of 2020, it said. Thousands of tokens will also be distributed free of charge through the Token Hunt augmented reality feature of Socios.
A video was also released to mark the landmark partnership. You can see it below:
— Socios.com (@socios) September 16, 2019
Now it will be interesting to see which other football clubs join Socios.com and Chiliz next in their journey of tokenizing sports.