A new one has been added to the fan token projects that are growing exponentially day by day in the world and in our country. ALTAY TOKEN, implemented by Turkish engineers in cooperation with the well-established club of the Super League, Altay, and ICRYPEX, one of the leading local companies in blockchain technologies, was announced with a press launch.
Fan Tokens, which create an important income model for clubs and increase the interaction between the fans and the club, are over 500 million dollars in the cryptocurrency market.
Altay Club President Özgür Ekmekçioğlu, members of the board of directors, Altay Technical Director Mustafa Denizli, ICRYPEX CEO Gökalp İçer, ICRYPEX General Manager Ezgi İçer and press representatives from many important organizations attended the launch, which took place at the Çırağan Palace.
It was stated that ALTAY TOKEN will be offered for pre-sale at a special price of 0.80 TL. After the pre-sale process, which will start on September 13, is completed as of September 16; As of September 17, it will be traded at the initial public offering price of TL 1.00. ALTAY TOKEN was produced as an “Ethereum” based “Utility Token”. The total supply of ALTAY TOKEN, bearing the signature of ICRYPEX, one of the largest cryptocurrency exchanges in Turkey, will take place within a 25-year period planned by financial engineers.
“We will burn thousands of tokens with every success of Altay”
Speaking at the launch, ICRYPEX CEO Gökalp İçer said, “We are very excited for ALTAY TOKEN, which we will be offering for pre-sale as of September 13. This project, which we have realized with a well-established club like Altay, brings with it a long-term agreement of 25 years. Fan tokens have become crypto assets in great demand both in the world and in our country. Fan tokens are a large ecosystem with a market capitalization of over 5 billion TL. At the same time, the fan token market is a very important source of income for teams and an opportunity to bond with their fans. The pre-sale of ALTAY TOKEN starts from 0.80 TL, which is a very advantageous price, and the public offering process is planned by ICRYPEX’s financial engineers. Every year, we will unlock and circulate 2.5 percent of the locked ALTAY TOKENs. During this supply period, we will permanently remove a certain amount of ALTAY TOKENs from circulation after each game the club wins. Thus, we will increase the value of ALTAY TOKEN by reducing the supply. Altay, who made a good start to the league this season, will increase the number of tokens burned as his successes continue. If Altay becomes a champion, we plan to burn 1 million ALTAY TOKENs.”
“We believe in the power of our fans and supporters to increase the number”
Stating that there is an important agreement to carry Altay to the future in a safer way, Altay President Özgür Ekmekçioğlu emphasized that “Big Altay, the most rooted club of Turkish football, which has left 107 years behind, is signing an agreement worthy of its great history”, and said, “Since we took office, we have been so far. Our biggest goal in terms of economy is; to create permanent sources of income and thus to carry our club to the future in a safer way. With ALTAY TOKEN, we will create a permanent and important income model for our club in a 25-year period. We believe in the power of our fans and supporters to increase the figure by multiplying it.”
Stating that football revenues in our country, as in all of Europe, have changed greatly due to the pandemic, Altay President said, “The Deloitte report, published on January 26, 2021, shows that the total turnover of the 20 largest clubs in Europe is at the level of 12% during the pandemic period. shows regression. The extraordinary circumstances can create tides between the income items of the clubs. At this point, we, the managers, create tangible, rational and permanent income sources, increase the number of fans, adopt geographical spread as a principle, increase the sense of belonging, be focused on sustainable success, increase the brand value, establish organizations that will use digital channels more effectively, develop different collaborations, and be innovative. and increase its bargaining power. Beyond all these, club management should also use income opportunities wisely. In this respect, we consider ALTAY TOKEN as an important income opportunity for our club’s history. I hope these days will pass with the slowing down of the pandemic, and as in the Deloitte report, the saying ‘The only disease in this world that will not get hot is the passion for football’ will again show its reality. Great Altay will always remain as the most important actor of football.”
Participating in the press launch, Altay Technical Director Mustafa Denizli said, “I have been in many organizations in the football community, but Altay is in a different position than all of them. A team that I joined when I was 15 and left when I was 34. The Altay community is a large community, I hope this agreement will add value to the Altay Sports Club. For Altay, I will sit in every chair, including the one I am sitting in now, and become Altay’s supporter. I am honored to be among you on such a day that I believe will contribute to the future of Altay.” said.
A meaningful start on Izmir’s liberation day
Also, touching on the details of the pre-sale process, ICRYPEX General Manager Ezgi İçer said, “It is very meaningful for us to realize this cooperation with one of the most rooted teams of İzmir on İzmir’s liberation day. The advantageous pre-sale, which will start on September 13, will end on September 16. After the pre-sale process, the public offering of ALTAY TOKEN will take place on September 17 and it will be opened for trading by ICRYPEX users. With the start of this process, our users will be able to perform their transactions and trade as they wish. The tokens purchased at advantageous prices during the pre-sale process will be opened for trading after the 90-day lock period. Anyone who wishes will be able to own the Altay of the future, ALTAY TOKEN, keep it safely and use it in the events of the Great Altay.” said.
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