Fan Tokens

 Fan Tokens

Fan tokens represent assets that typically signify ownership or membership within a particular context. Given their versatility, tokens are employed for various purposes, with specialized blockchains developed to support them, such as Ethereum and its ERC standard tokens. Socios.com, predominantly catering to football (soccer) enthusiasts, offers users the opportunity to acquire club-specific Fan tokens, granting them voting rights to influence the clubs they fervently support.

Mechanism Behind Fan Tokens

Chiliz ($CHZ) stands as an ERC20 utility token on the Ethereum blockchain, acting as the digital currency for the chiliZ and Socios.com platform. With the introduction of the platform, along with other sports-oriented blockchain initiatives, a new token category has emerged known as the Fan Token. Club partners, yet to be disclosed upon Socios.com platform integration, conduct what is termed as a Fan Token Offering (FTO). To obtain Fan Tokens, fans need to purchase $CHZ through a cryptocurrency exchange. These tokens, specific to each team or club, represent finite digital assets that confer access to an encrypted ledger containing voting and membership rights.

Insight into Trabzonspor

Trabzonspor stands as one of the most illustrious clubs in the history of Turkish football, boasting 6 Süper Lig titles and finishing as runners-up in the previous season. Hailing from Trabzon, the club has clinched the Turkish Cup 9 times and the Turkish Super Cup 8 times, solidifying its prominent stature in Turkish football.