Trabzonspor Fan TokenTRA
$1.47
Market/Exchange
TRA Price Prediction and Price Movement
TRA is up 58.16 percent over the last three months, while its market capitalization is still considered relatively small, which implies that the price of TRA can be very volatile comparing to those with larger market cap during big market moves. However, with a stead growth over the past three months, TRA has the potential to grow further and may yield some very decent gains. Again traders should remain cautious at all time.
Please note that this analysis is purely base on TRA's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
Trabzonspor Fan Token Price Chart
About Trabzonspor Fan Token
What are Fan tokens?
Tokens are generally assets that can represent proof of ownership or even membership. As tokens are already being used for a wide range of purposes, many specialized blockchains have been developed with native intent to support tokens, the most common of which is currently Ethereum and their ERC standard tokens. Socios.com is an app primarily for football (soccer) fans, where users acquire voting rights to influence the clubs they support by acquiring club-specific Fan tokens.
How do Fan tokens work?
Chiliz ($CHZ) is an ERC20 utility token on the Ethereum blockchain that serves as the digital currency for the chiliZ and Socios.com platform. In launching their platform, alongside other sports blockchain ventures, a new category of token has emerged — the Fan Token. Once onboard the Socios.com platform, yet to-be-announced club partners host what has been called a Fan Token Offering (FTO). Fans must purchase $CHZ via a cryptocurrency exchange in order to acquire Fan Tokens. These tokens — which are specific to a team or club — are a finite, digital asset that provide access to an encrypted ledger of voting and membership rights ownership.
About Trabzonspor
One of the most decorated clubs in Turkish football history, Trabzonspor have won 6 Süper Lig titles and finished runners-up last season. The Trabzon-based club have also won the Turkish Cup 9 times and the Turkish Super Cup 8 times.