İstanbul Başakşehir, a leading Turkish professional football club and last season’s winner of Turkish Süper Lig has announced today that the club, in partnership with sports and entertainment-based digital currency, Chiliz will launch its fan token before the end of 2020.
Dubbed $IBFK, the fan token will be available for sale on Blockchain
Blockchain
Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others.
Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others.
Read this Term-based fan voting and rewards app socios.com this year. The token aims to provide many engagement opportunities to the fans including voting in polls through socios.com and club related discounts.
According to the official announcement, token holders can earn points and use those points to win VIP game tickets and even an opportunity to meet star players. İstanbul Başakşehir made it to the last 16 of the UEFA Europa League last season and also won against Manchester United in a recent Champions League fixture.
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.”
Crypto Football Partnership
İstanbul Başakşehir will become the third Turkish professional football club to launch its fan token after Galatasaray and Trabzonspor. Finance Magnates earlier reported about the partnership of FC Barcelona and Chiliz, in which the football club raised $1.3 million in token sales in the first two hours. Chiliz also partnered with Juventus to launch a fan token earlier this year.
“İstanbul Başakşehir is 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,” Alexandre Dreyfus, Founder and CEO of Chiliz and Socios.com, said in a statement.
İstanbul Başakşehir, a leading Turkish professional football club and last season’s winner of Turkish Süper Lig has announced today that the club, in partnership with sports and entertainment-based digital currency, Chiliz will launch its fan token before the end of 2020.
Dubbed $IBFK, the fan token will be available for sale on Blockchain
Blockchain
Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others.
Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others.
Read this Term-based fan voting and rewards app socios.com this year. The token aims to provide many engagement opportunities to the fans including voting in polls through socios.com and club related discounts.
According to the official announcement, token holders can earn points and use those points to win VIP game tickets and even an opportunity to meet star players. İstanbul Başakşehir made it to the last 16 of the UEFA Europa League last season and also won against Manchester United in a recent Champions League fixture.
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.”
Crypto Football Partnership
İstanbul Başakşehir will become the third Turkish professional football club to launch its fan token after Galatasaray and Trabzonspor. Finance Magnates earlier reported about the partnership of FC Barcelona and Chiliz, in which the football club raised $1.3 million in token sales in the first two hours. Chiliz also partnered with Juventus to launch a fan token earlier this year.
“İstanbul Başakşehir is 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,” Alexandre Dreyfus, Founder and CEO of Chiliz and Socios.com, said in a statement.
