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What is Galatasaray Fan Token (GAL)?

by Financial Economy

Galatasaray Fan Token is the official fan token of Galatasaray Sports Club and its abbreviation is GAL. Answers to many questions about Galatasaray Fan Token are in our content. You can also browse here for current crypto news.

When and by whom was it founded?

Turkey’s biggest team Galatasaray.  GAL, implemented by Galatasaray in cooperation with Socios.com, was launched on February 4, 2020.

GAL’s infrastructure

GAL is run by the Socios platform on a “side chain” on the Ethereum blockchain. Gal is a kind of “utility token” used to access a particular product or service. While GAL is traded with Chiliz, the cryptocurrency of Socios, Paribu provides the opportunity to buy and sell GAL with TL.

What does it promise to its users?

The goal of GAL is to increase the integration between the fans and Galatasaray. GAL holders can have a say in club decisions, benefit from the advantages of the club, and support their clubs by purchasing tokens. GAL holders can benefit from advantages such as VIP match tickets, Türk Telekom Stadium tour, access to training sessions and signed Galatasaray jerseys.

Is GAL mining done?

GAL is not a mined cryptocurrency. But with “augmented reality”, “token hunting” can be done.

Total supply with lowest price and highest price

GAL saw its lowest price on September 5, 2020 at $1.48, and its highest price on December 28, 2020 at $11.13 in the period until January 2021. With a total supply of 10,000,000 GALs, the circulating supply of the cryptocurrency is 3,507,572 GALs.

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