$PERSIJA Fan Token Offering (FTO) Sells Out In Under 2 Hours On Socios.com

The Fan Token Offering (FTO) for Persija Jakarta ($PERSIJA) is over, after all 50,000 tokens sold out within hours of the sale commencing.

At a sale price of $0.25 per token, $PERSIJA attracted tremendous interest when the FTO went live on Socios.com at 11am CEST this morning (Apr. 13). 

Although the sale window was set at 48 hours, the 50,000 allocation was quickly snapped up by eager Persija Jakarta fans and SportFi traders.

The first FTO since $DOJO ten months ago, the sale was the third involving an Indonesian club, following $PERSIB and $BUFC, and it took just 1 hour and 40 minutes for the offering to completely sell out. 

How to Claim $PERSIJA

Per the Persija Jakarta whitepaper, participants’ rights to claim their $PERSIJA Fan Token allocation can be exercised during the claim period, which is scheduled to commence this Thursday, April 16, at 11am CEST and terminate next Tuesday, April 21, at 11:59pm CEST. 

After this period, any unclaimed $PERSIJA will be airdropped to those who did not exercise their right to claim within the claim window, starting from April 22 at 11am CEST.

To coincide with the claim period, Kayen pools will be created on April 16, which is also when users can access the Socios.com marketplace to purchase $PERSIJA if they were unable to do so during the FTO. 

A community-led DeFi ecosystem built on the Chiliz Chain, Kayen is creating DEXs, lending protocols, and liquidity tools purpose-built for sports assets.

The Persija Jakarta token has a total supply of 10M and, like other Fan Tokens, can be used to access exclusive experiences, rewards, and utilities.

Who Are Persija Jakarta?

Nine-time winners of the original Indonesian league title (Perserikatan), and two-time winners of the modern Indonesian Super League, Persija Jakarta is one of the most decorated clubs in Indonesia and play home matches at the largest football-specific venue in Asia.

Despite their historic success, Persija Jakarta have not won Indonesia’s top-flight title since 2018, with Persib Bandung ($PERSIB) and Bali United ($BUFC) winning two apiece since then.

Indonesia ranks inside the top 10 nations for global crypto adoption, with over 20 million citizens holding digital assets from a population of 285 million.

Ronnie McCluskey: Fan Tokens Market Reporter