İstanbul Başakşehir is the most recent soccer membership to launch a fan token

İstanbul Başakşehir, final season’s winner of the Turkish Süper Lig, has joined the Socios platform and can launch its personal fan token ($IBFK) by the tip of 2020.

$IBFK, like different fan tokens within the Socios ecosystem, confers voting rights and rewards upon holders and is designed to spice up fan engagement, and to monetize varied fan experiences, each on and offline.

Token holders can vote in polls on membership selections and earn factors that, as soon as amassed, might be cashed in in change for VIP sport tickets or alternatives to fulfill membership gamers. 

İstanbul Başakşehir is the third Turkish membership to signal on to the blockchain-based platform, and joins different worldwide, high-profile golf equipment that embrace FC Barcelona, Atlético de Madrid, Paris Saint-Germain, Juventus and others.

Simply yesterday, Cointelegraph reported on information that the German membership Bayern Munich had joined the blockchain-based fantasy soccer platform Sorare, which many of the golf equipment signed on to Socios have additionally joined.

Sorare makes use of non-fungible tokens as the premise of its digital participant playing cards, as distinct from the fungible tokens used within the Socios ecosystem. Membership-branded Socios fan tokens, that are issued in finite provide, might be exchanged for Socios’ native blockchain token, Chiliz ($CHZ), on the platform’s market.

The sports activities and crypto communities appear to be smitten by fan tokens. In June 2020,  Chiliz and Socios sold $1.3 million price of FC Barcelona-branded tokens in beneath two hours.

Socios has additionally just lately launched a Visa debit card — an evolution from its earlier model as a  prepaid crypto-fiat card — that can be utilized to buy items and companies throughout the European Financial Space.

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