Galatasaray Fan Token

Galatasaray Fan Token

Galatasaray Fan Token GAL Rank #807

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How to Buy Galatasaray Fan Token (GAL) Token - Project Explained, Listing and Risks

Galatasaray Fan Token Exchanges

Exchange Market Pairs Buy
Bybit BTC/USDT -
OKX LTC/USDT -
Paribu WAVES/TRY -
Chiliz JUV/CHZ -
Bitget XEM/USDT -
What are fan tokens? Tokens are generally assets that can represent proof of ownership or even membership. Since tokens are already used for a wide range of purposes, many specialized blockchains have been developed with the native intent of supporting tokens, the most common of which is currently Ethereum and its standard ERC tokens. Socios.com is an app for soccer fans, where users gain voting rights to influence the clubs they support by purchasing club-specific Fan Tokens. How do fan tokens work? Chiliz ($CHZ) is an ERC20 utility token on the Ethereum blockchain that serves as a digital currency for the chiliZ platform and Socios.com. At the launch of its platform, along with other blockchain sports initiatives, a new category of token has emerged: the Fan Token. Once on board the Socios.com platform, partner clubs that have yet to be announced host what has been called a Fan Token Offering (FTO). Fans must purchase $CHZ through a cryptocurrency exchange to acquire Fan Token. These tokens, which are specific to a team or club, are a finite digital asset that provides access to an encrypted record of membership and voting rights. About Galatasaray Galatasaray Sports Club was founded in 1905 by students of the Galatasaray Lycee in the Beyoglu area of ​​Istanbul. With its striking yellow and red color palette and a tradition of intimidation on the pitch, the club has more than earned its nickname: the 'Lions'. A 22-time winner of the Turkish Super League (most recently in the 2018/2019 season), Galatasaray is also the only Turkish club to have won the UEFA Cup; Super Cup when they reigned in 2000.