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The entire pre-sale portion of Altay Fan Token, produced in cooperation with Altay Sports Club and blockchain technology company ICRYPEX, was sold in 60 hours. 23 million TL was earned from the pre-sale of the agreement, which covers a long cooperation of 25 years. Altay Token, with a pre-sale price of 0.80 TL, will be offered at 1 TL as of September 17.

*** This release is originally published in Turkish.
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ISTANBUL (TR) - “Fan Token” projects, one of the new income sources of sports clubs, are increasing their impact in Turkey as well. Altay Sports Club also stepped into fan token projects that have reached a volume of over 500 million dollars in the global market. The Altay Fan Token, worth 0.80 TL, released in cooperation with Altay and the blockchain technology company ICRYPEX, which participated in the Super League this season, was sold out before the pre-sale schedule was completed. Announced with the press launch held at the Çırağan Palace last week, 28,710,000 of the Altay Fan Tokens reserved for pre-sale were sold within 60 hours. It will take 25 years for Altay Token, which bears the signature of ICRYPEX, one of the largest cryptocurrency exchanges in Turkey, to reach the total supply.

sold out in 60 hours

Speaking after the pre-sale success, Özgür Ekmekçioğlu, Chairman of the Board of Altay Sports Club, said, “There is a great interest in fan token projects from both sports clubs and crypto money investors all over the world. As one of the most established teams in Turkish football, it was very important for us to make this project comethru. Thanks to this project with our partner ICRYPEX, we have become a real family. We already expected that the pre-sale process would be met with great interest. Every Altay Token sold in a short period of 60 hours will be of great importance of our sports club. We believe that the same interest will continue after the pre-sale process and Altay Token will rise with our sporting achievements.” 

IPO price will be 1 TL

Evaluating the pre-sale process, ICRYPEX CEO Gökalp İçer said, “We launched the Altay Token, which we announced last week, for pre-sale on September 13. In a very short time, it was a process in which both ICRYPEX users, the entire crypto money ecosystem and Altay supporters showed great interest. Altay Fan Token, whose pre-sale price was determined as 0.80 TL, sold out 2 days before the planned calendar. Altay Fan Token, which has created a volume of 23 million TL in a short time by thousands of crypto money investors, will be offered to the public at 1.00 TL on Friday, September 17th at 00:00. We believe that crypto money investors and Altay supporters will show the same interest after the pre-sale. We had the opportunity to manage a very successful and fast process with Altay Sports Club. I would like to thank the President of Altay Sports Club, Mr. Özgür Ekmekçioğlu, the Board of Directors of Altay Sports Club, the supporters of Great Altay and the ICRYPEX family for all their efforts in the process.”

Eyes turned to the public offering!

Completion of the pre-sale in 60 hours turned the eyes to the public offering, which will start at 00:00 on September 17, 2021. The public offering, which is eagerly awaited by the entire Turkish cryptocurrency ecosystem, will start at 1.00 TL and will change according to the supply-demand balance. Altay Fan Tokens purchased for 0.80 TL in the pre-sale will remain locked for 90 days. The whole ecosystem is curious about the price scale of Altay Fan Token, where special discussion groups have been created by investors on social media platforms.