The expansion marks the growth of the club’s currency, as it heightens engagement opportunities for owners on fan voting and rewards app Socios.com. $GAL Fan Token holders will receive many benefits, including the right to vote in Galatasaray polls.
Fan Token owners can also connect with other fans in Socios Chat, look forward to VIP rewards, compete in leaderboards to be crowned the number one fan in their region/country and enjoy exclusive club and sponsor promotions including up to 20% cashback in $CHZ on official club merchandise.
Dorukhan Acar, Board member of Galatasaray stated: “The fact that Galatasaray owns its own cryptocurrency was a very important milestone for the club’s digital transformation strategy and its plan to evolve into a global sports brand.
“The launch of the $GAL Fan Token, with the support of our business partner Socios.com last season, the first fan poll we organized, and the rewarding of Socios.com users who own the $GAL Fan Token in various ways were major steps towards making our cryptocurrency functional.”
Acar continued: “In the Socios.com ecosystem, which includes many giant world clubs, the $GAL Fan Token was one of the most popular club tokens at the global level. In the summer, we added our basketball and esports branches to the Socios.com ecosystem in addition to our football team, making our cooperation with Socios.com more functional and more comprehensive.
“With the listing of the $GAL Fan Token on Paribu, we believe that our club’s cryptocurrency, $GAL, will quickly become a mainstream digital asset and Galatasaray will lead a digital revolution that will make a big impact in the sports world.”
Yasin Oral, CEO of Paribu also emphasised that the collaborated that move will allow Galatasaray fans will be able to both support their clubs and have a say in some club decisions.
Alexandre Dreyfus, CEO and Founder of Socios.com and Chiliz added: “The Paribu listing is a really significant move, bringing $GAL directly to a massive audience of crypto enthusiasts within the country while increasing awareness and accessibility.
“Awareness of $GAL is growing all the time, with branding visible across multiple club touch points — including the first-team kit and bus. Exciting new polls and other engagement activity on the Socios.com app will continue to increase the appeal of $GAL for supporters.
“Galatasaray are actively laying down the foundations to make sure their Fan Token achieves its huge potential.”