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What is Trabzonspor Fan Token (TRA) and how does it work?

by Financial Economy

Trabzonspor Fan Token, abbreviated as TRA, is the official fan token developed by Trabzonspor Club in partnership with Socios. Launched on September 22, 2020, TRA was created with the aim of increasing the interaction between Trabzonspor and the fans and enabling the fans to have a say in various issues related to their teams. Information about some topics that what is Trabzonspor Fan Token (TRA), how does it work, how to buy it, on which exchange, how much is it, etc. is in continuation of the article. You can browse here for information about UFC Fan Token (UFC).

What is Trabzonspor Fan Token (TRA) and how does it work?

Having signed partnership agreements with many sports clubs around the world, Socios.com has issued Trabzonspor Fan (TRA) Tokens in cooperation with Trabzonspor. Launched on September 22, 2020, the TRA token is a cryptocurrency that works as a side chain on the Ethereum blockchain. TRA is a service token. Like many fan tokens, Trabzonspor Fan (TRA) Token is a fan project that offers some advantages to its investors and club supporters.

What is Socios?

Socios.com is a platform built for sports fans. Socios, which gives fans the right to vote on issues related to their teams, also offers various discounts, privileges and awards. The platform, whose cryptocurrency is Chiliz, runs fan tokens as a side chain on the Ethereum Blockchain. You can check out here for information about Chiliz (CHZ) coin.

TRA coin advantages and disadvantages!

Trabzonspor Fan (TRA) Token advantages are:

  • It is a crypto currency that strengthens the communication between the fans and Trabzonspor club and instills a sense of belonging to the fans.
  • It is an alternative for those who want to support the club.
  • It recognizes the right to vote and express opinions on the decisions to be taken by the club.
  • It offers the opportunity to participate in sports competitions and various events, and the opportunity to win signed club products.
  • It gives the opportunity to meet the coach, the players and other club employees.
  • Since it is a crypto asset indexed to sporting achievements, it carries a bullish target.
  • TRA users can get advantages such as VIP match tickets, stadium tour, signed jersey.

TRA token disadvantages are as follows:

  • High volatility: Trabzonspor Fan (TRA) Token is a type of cryptocurrency like other fan tokens. Since cryptocurrencies have high volatility problems, their prices can rise too much with various speculations and lose value in a short time.
  • Risk of cyber attack: Assets held on cryptocurrency exchanges or platforms that provide virtual wallet services are never 100 percent safe. For cryptocurrencies that are not withdrawn to the cold wallet, there is always the possibility of being stolen.

Which exchange is TRA coin on?

Trabzonspor Fan Token is listed on some cryptocurrency exchanges such as OKX, Bitget, DigiFinex, Gate.io, Paribu, etc.

How to buy TRA coins?

Trabzonspor Fan Token can be purchased from listed some cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

TRA coin supply!

Total supply of Trabzonspor Fan Token is 10.000.000 TRA.

TRA coin price!

As of October 6, 2022, at the time of the writing, 1 Trabzonspor Fan Token price is around $1,53 (because of the volatility on crypto market the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

For information about cryptocurrency: https://en.wikipedia.org/wiki/Cryptocurrency

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