The English Premier League club Tottenham Hotspur has announced plans to release a fan token called SPURS on the Chiliz Chain, aiming to provide new interactive channels and exclusive access to rewards and experiences for fans.
The SPURS fan token will be available through Socios.com, a well-known fan engagement and rewards platform. Using the Chiliz (CHZ) Chain, part of the SportFi network with over two million users, the Fan Token SPURS will allow Tottenham Hotspur to join a wide list of nearly 80 sports teams that have used the Chiliz Chain to reach their global audience.
Tottenham is currently collaborating with MatchWornShirt, whose auctions are verified on the Chiliz Chain, enhancing its reliability and widespread use. Furthermore, $SPURS owners will have voting rights on the chain, thus promoting active fan participation.
Chiliz Chain, specifically designed to meet the needs of the sports industry, will support the operations of the Fan Token SPURS. This chain boasts over two million user wallets and a daily transaction volume exceeding 60,000, highlighting its accessibility and credibility. Since its inception in 2018, the Chiliz Chain platform has reportedly generated over $400 million in revenue for sports teams and leagues.
Ryan Norys, the Director of Business at Tottenham Hotspur, said:
“Our fan token will complement the benefits of our current membership program. This partnership also reflects the club’s ongoing efforts to create additional regular revenue streams to reinvest in our football operations.”
The SPURS token will launch in a Fan Token Offering (FTO) on October 4, 2023. Following the FTO, SPURS will be listed on major global exchanges, expanding its accessibility to fans in various strategic markets, including Asia.
