QUICK TAKE
- The Fan Tokens for Spanish club Atletico De Madrid ($ATM) and Serie A side AS Roma ($ASR) have become the latest to be listed on the leading Turkish exchange Paribu.
- Fan Tokens are digital assets created by the fintech blockchain company Chiliz. Supporters can use Fan Tokens to influence their favourite clubs on fan engagement and rewards app Socios.com.
- Fans and crypto enthusiasts can buy $ATM and $ASR using Chiliz $CHZ – the digital currency for sports and entertainment.
- Fan Tokens for Galatasaray ($GAL), Trabzonspor ($TRA), Paris Saint-Germain ($PSG) and Juventus ($JUV) have already been listed on Paribu.
- The total Fan Token market cap currently stands at $200M .
ISTANBUL FEBRUARY 18TH 2021: Fintech blockchain company Chiliz have announced the listing of the Atletico de Madrid ($ATM) and AS Roma ($ASR) Fan Tokens on leading Turkish cryptocurrency exchange Paribu.
As of today, fans and crypto enthusiasts will be able to buy $ATM and $ASR Fan Tokens through Paribu, one of the biggest Turkish cryptocurrency exchange platform with 1.5 million users, using Turkish Lira (TL).
$ATM and $ASR join the Fan Tokens for Turkish clubs Galatasaray ($GAL) and Tranzonspor ($TRA) on the platform. The Fan Tokens for Paris Saint Germain ($PSG) and Juventus ($JUV) were listed on Paribu in December of last year.
Fan Tokens are digital assets that allow owners to access benefits on the fan engagement app Socios.com, including voting in club polls, VIP rewards, exclusive promotions, games and chat forums.
A total of 20 sporting organisations have partnered with Socios.com to launch Fan Tokens, including the aforementioned clubs and the likes of FC Barcelona, AC Milan and Istanbul Basaksehir in Turkey. More major clubs are poised to launch Fan Tokens on Socios.com, including many more in Turkey. The total Fan Token market cap currently stands at $200M USD.
Socios.com recently opened a new Turkish office and plan to recruit up to 20 staff to increase their presence in the market significantly.
Yasin Oral, CEO of Paribu said: “Socios.com has done very important work with clubs so far and has ensured the integration of fans with their clubs. With fan tokens, fans can have a say in club decisions and support their teams in this way. This makes sports fans the supporters of tomorrow. Users will now be able to purchase $GAL, $TRA, $JUV and $PSG, as well as $ATM and $ASR in Paribu, and perform their transactions 24/7 without interruption.”
Altug Ozturk, Director of Socios.com Turkey said: “We’re delighted to strengthen our relationship with Paribu by adding two more Fan Tokens from world famous clubs to those already listed on the platform.
“These latest listings will further increase trading opportunities in the growing Fan Token ecosystem on Paribu.”