Tottenham Hotspur has become the latest English Premier League club to tap into the enormous potential of fan tokens. Today, the football club collaborated with Socios.com, a fan engagement protocol. According to a Twitter post by Socios founder, Alexandre Dreyfus, the collaboration will birth the development of $SPURS fan tokens on Chiliz. Don’t forget that Chiliz is the blockchain platform hosting Socios.
Dreyfus also gave insights about the features of the new token. According to the sports enthusiast, $SPURS will features most of the attributes provided by the team. He also revealed that the token will be incorporated into Tottenham loyalty program. The football club wants to issue the token to all holders of its season ticket on-chain.
Socios and its blockchain crusade in the Sports industry
According to our findings, the new token is the seventh Premier League Fan Token from Socios. Don’t forget that the platform had earlier developed similar tokens for Arsenal, Aston Villa, Crystal Palace, Manchester City, and others. The tokens provided the medium for these teams to reward their supporters and grant them governance rights. Outside England, the likes of PSG, Barcelona, AC Milan, Atletico Madrid, AS Roma, Inter Milan, and many more are also leveraging Socios to foster their engagements with their supporters.
Last year, Socios also collaborated with organizers of the international football award, Ballon d’Or to widen the adoption of blockchain in football events. Likewise, the platform’s ongoing crusade was also extended to the organizers of Italian Domestic League Football; Seria A. Beyond football, the likes of National Basketball Association (NBA) teams, National Football League (NFL) clubs, and the Ultimate Fighting Championship (UFC) also have great commitments with Socios.
Meanwhile, with its latest collaboration with Spurs, Socios plans to ensure that the club’s fan token serves as a medium for on-chain voting. This simply means holders of the token will be able to vote on team dynamics like kit changes, and more. Also, Tottenham aims to collaborate with MatchWornShit, a protocol that aids the auctions of players’ jerseys on the Chiliz network.
Both Socios and Tottenham plan to fully launch the $SPURS token on October 4, 2023. After the full launch, the token will be listed by all the crypto exchanges that support Chiliz.