Fenerbahce Token’s First Burning will take place on Friday

The first burning process for Fenerbahçe’s fan token, which was offered in August 2021, will take place on October 15.

According to the official account, until 2046 maximum The supply of Fenerbahçe Token, which will reach a supply of 190.7 million, will be cut for the first time on Friday.

Fenerbahçe Sports Club, as a result of these burning transactions, of the total supply of Fenerbahçe Token produced on the Ethereum blockchain. up to 100 million states that it can be lowered.

Incineration procedures decided by Fenerbahçe SK; in football, basketball and volleyball fields wins, championships and to European achievements determined accordingly. The size of the incineration process can be up to 1,907,000 units.

Fenerbahce Token, which was developed with the aim of increasing fan interaction and playing a more active role in the future of the club, was launched for the club in its pre-sale in August. 268.5 million liras generated income.

Announcing its third quarter results this week, Fenerbahce SK made a net profit of $255.5 million in the 1 June-31 August period.

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