Bitci, the cryptocurrency exchange based mostly in Turkey, will turn out to be an official sponsor of the MotoGP competitors till 2023. Inside this settlement is the creation of a fanatic token that may be acquired from the cryptocurrency platform.
The settlement, printed inside the official MotoGP portal on July 7, signifies that the grand prix to be held from August 13 to 14, will probably be renamed the Bitci Austria Grand Prix, as half of the promoting settlement.
The settlement provides Bitci the identify rights. With these, followers will have the ability to see, inside the curves that make up the totally different circuits of the champion MotoGP, the identify of the cryptocurrency exchange platform.
MotoGP that is one of the primary excessive pace motorbike competitions on the whole planet. Beforehand, MotoGP has already launched its collectible tokens on the Circulation blockchain.
Fan Token for MotoGP
Among the many agreements, as already talked about within the textual content, it’s established to create a fan token or fan token for the MotoGP model. Their objective, like many different fan tokens, is to monetize fan loyalty. With this, in response to the Bitci exchange itself, will permit followers to entry totally different merchandise and unique advantages of the model.
Relating to the kind of token, though it’s not specified inside the exchange’s web page, it may be assumed that, like different fan tokens such because the Uruguayan soccer crew, it’s launched straight on the blockchain itself. Bitci, often known as Bitcichain.
One thing specific with these tokens is that they are often traded inside the platform in its buying and selling market. The discharge date and value are nonetheless unknown.
Bitci, for its half, has been selling itself with totally different well-known manufacturers. Along with the Uruguayan soccer crew, this exchange has additionally reached agreements with groups resembling Spain and Brazil.