Tokens are generally assets that can represent proof of ownership or even membership. As tokens are already being used for a wide range of purposes, many specialized blockchains have been developed with native intent to support tokens, the most common of which is currently Ethereum and their ERC standard tokens. Socios.com is an app for football (soccer) fans, where users acquire voting rights to influence the clubs they support by acquiring club-specific Fan tokens.
How do Fan tokens work?
Chiliz ($CHZ) is an ERC20 utility token on the Ethereum blockchain that serves as the digital currency for the chiliZ and Socios.com platform. In launching their platform, alongside other sports blockchain ventures, a new category of token has emerged — the Fan Token. Once onboard the Socios.com platform, yet to-be-announced club partners host what has been called a Fan Token Offering (FTO). Fans must purchase $CHZ via a cryptocurrency exchange in order to acquire Fan Tokens. These tokens — which are specific to a team or club — are a finite, digital asset that provide access to an encrypted ledger of voting and membership rights ownership.
About Galatasaray
Galatasaray Sports Club was founded in 1905 by the students of Galatasaray Lycee in the Beyoglu area of Istanbul. With their fiery yellow and red color palette and a tradition of intimidation on the pitch, the club has more than earned its nickname – the “Lions”. 22-time winners of the Turkish Super League (most recently in the ‘18/’19 season) Galatasaray are also the only Turkish club to have claimed the UEFA Cup & Super Cup when they reigned supreme in 2000.
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The live Galatasaray Fan Token price today is $1.78 USD with a 24-hour trading volume of $3,457,583 USD. We update our GAL to USD price in real-time. Galatasaray Fan Token is down 5.80% in the last 24 hours. The current CoinMarketCap ranking is #867, with a live market cap of $7,288,370 USD. It has a circulating supply of 4,094,238 GAL coins and the max. supply is not available.
If you would like to know where to buy Galatasaray Fan Token at the current rate, the top cryptocurrency exchanges for trading in Galatasaray Fan Token stock are currently OKX, Bybit, Bitget, DigiFinex, and BKEX. You can find others listed on our crypto exchanges page.