Turkish Football Club İstanbul Başakşehir Launches Fan Token

The İstanbul Başakşehir ($IBFK) Fan Token will go on sale on blockchain-based fan voting and rewards app Socios.com before the end of the year.

November 11, 2020 | AtoZ Markets – İstanbul Başakşehir, in partnership with Chiliz have announced that they will launch their $IBFK Fan Token on Socios.com before the end of 2020. The agreement covers both the club’s football team and İstanbul Başakşehir Esports.

Commenting on the partnership, Mustafa Eröğüt, CEO of İstanbul Başakşehir, said:

“I believe we have a lot in common with Socios.com; a young, successful, energetic and technology driven initiative. As a 6-year old Club, we’re always in search of new partnerships that can help both sides grow. Together with Socios.com, we look forward to offering innovative and fun ways for our new, fast growing global fan base to get to know and engage with us better.”

The club, which is just six years old, won the Turkish Süper League for the first time. İstanbul Başakşehir has also made it to the last 16 of the UEFA Europa League last season. On November 4 they won their first-ever Champions League fixture beating Manchester United 2–1.

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Related: Football Club FC Barcelona Set to Launch Its Crypto Token

How can $IBFK holders use İstanbul Başakşehir fan token?

$IBFK holders will be able to influence club decisions, voting in many polls each season on Socios.com and earning rewards. This also includes innovative digital experiences and real-life activations, such as meeting players and watching games as a VIP when fans return to the stadiums.

Fan Token holders can also look forward to digital and real-life rewards, VIP experiences, and a host of club and sponsor related discounts. A Leaderboard feature, allowing fans to compete to become the number 1 fan in their region/country will be launched in the near future as will a Chat feature.

İstanbul Başakşehir ($IBFK) will become the third Turkish club to join the Socios.com platform, following Galatasaray and Trabzonspor. Socios.com is also primed to open an İstanbul based office with an initial staff of 20 as they work towards their stated aim of delivering 100M Turkish Lira to the country’s sports industry.

Many more clubs to join the Socios.com platform

Additional Socios.com partners include FC Barcelona, Atlético de Madrid, Paris Saint-Germain, Juventus, AS Roma, CA Independiente, Apollon Limassol, BSC Young Boys, Sint-Truidense V.V and esports organizations, NAVI, Team Heretics, and OG. Socios.com also has a global fan engagement partnership with UFC, while the Professional Fighters League (PFL) will launch a Fan Token early next year. Many more clubs, including Turkish teams, are set to join the Socios.com platform before the end of 2020. Also, leading IPs from sports and entertainment are looking to join the platform.

Alexandre Dreyfus, CEO and Founder of Chiliz and Socios.com said:

“İstanbul Başakşehir may not have been around for very long, but their burning ambition, together with strategic long-term planning and clear goals have seen the club transform into a real competitor on the domestic and more recently European football scene.

“We too are relatively new to the scene, but we have clear goals and are working strategically towards our mission of establishing Fan Tokens as the next generation of transaction based engagement for sports fans both in Turkey and around the world every day.

“ İstanbul Başakşehir are our third Turkish based club and our 18th partner overall. As our roster of clubs grows, so does the overall network effect of these partnerships. That means the sharing of technological innovations and, ultimately, a stronger all round product with better features for fans leading to increased revenues for all of our partner clubs .”

Details on the price of $IBFK Fan Tokens, the total supply, and the launch date will be revealed soon.

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