First Transaction Day of the Fenerbahce Fan Token

Today was the first transaction day of the Fenerbahce fan token. Fenerbahce token was gained value by 400 percent.

Fenerbahce Token, which started trading at 2 pm today, increased from 30 TL to 153 TL with a value gain of nearly 400 percent on the first trading day. The trading volume, on the other hand, reached 4.5 million one hour after it started trading. There were slowdowns on Paribu's site due to transaction intensity. Fenerbahce had a revenue of 268.5 million TL in the pre-sale of Fenerbahce Token, which was produced under the contract with Paribu. In a separate statement previously made to KAP, it was stated that Paribu or Stoken committed a minimum revenue of 175 million TL in accordance with the contract made with Stoken, a Paribu subsidiary. Speaking to Bloomberg HT at the launch of the token, Paribu CEO Yasin Oral reported that the pre-sale of 500,000 tokens at 30 TL was completed, and almost all of the tokens sold for 15 TL, provided that they were not transferred for 9 months. Fenerbahce President Ali Koç said, "Relevant institutions are working with the state. A pilot application will be on the agenda as of September." Ali Koç stated that he thinks the regulation studies will benefit collaborations like Paribu.