İstanbul Başakşehir’s Bold Move into the Crypto World
In an exciting twist for soccer fans, İstanbul Başakşehir, the reigning champion of the Turkish soccer league, has officially joined the Socios platform. By the end of 2020, they plan to launch their own fan token, dubbed $IBFK. Talk about a game-changer!
The Power of Fan Tokens
$IBFK is not just any token; it’s designed to amp up fan engagement and provide a unique monetization avenue for the club. Similar to other fan tokens in the Socios ecosystem, holders will gain voting rights and exclusive rewards.
- Poll Participation: Token holders can vote in crucial club decisions.
- Earn Points: Accumulated points can be redeemed for cool prizes, including VIP game tickets and meet-and-greet opportunities with club players.
A League of Their Own: Turkish Clubs Joining the Ranks
İstanbul Başakşehir isn’t flying solo in this venture. They become the third Turkish club to hop on the blockchain bandwagon, joining an elite group of international heavyweights, including:
- FC Barcelona
- Atlético de Madrid
- Paris Saint-Germain
- Juventus
It seems like cryptocurrency is scoring big in the soccer world!
Socios and Sorare: The New Playgrounds for Fans
Just a day prior, Bayern Munich made headlines by joining the blockchain-based fantasy soccer platform Sorare. If you’re wondering: Sorare uses non-fungible tokens (NFTs) to create distinct digital player cards, unlike the fungible tokens used in the Socios ecosystem.
By the way, don’t get these two mixed up — we don’t want any crypto casualties here!
The Enthusiasm for Fan Tokens is Real
In June 2020, things really took off when Chiliz and Socios sold $1.3 million worth of Barcelona-branded tokens in less than two hours. Clearly, the sports and crypto communities are all in on fan tokens.
What’s Next on the Horizon for Socios?
Socios has also recently rolled out a Visa debit card that takes its crypto-fiat payment model to the next level. Now, you can purchase goods and services within the European Economic Area. A token for your thoughts?
