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Crypto in Sports: Turkish Soccer Team Launches GAL Token on Binance

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Tue, 02/04/2020 - 11:23
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Yuri Molchan
Turkish soccer club Galatasaray SK launches its GAL fan token, now it’s for sale on Binance
Crypto in Sports: Turkish Soccer Team Launches GAL Token on Binance
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In September last year, the Turkish soccer club Galatasaray announced its plans to launch an Ethereum-based fan token GAL in early 2020.

Now, blockchain entrepreneur Alex Dreyfus has spread the word that the GAL fan token has launched and can be bought with fiat or Chiliz coin (CHZ) on the Binance trading behemoth. The GAL supply is ten million tokens.

GAL
Image via Twitter

GAL has been launched in cooperation with the DLT-based sports company Socios on the basis of the Chiliz platform that specialized in sports tokenization. Alexandre Dreyfus is the CEO of Socios and Chiliz and he calls the launch of GAL trade on Binance a major milestone.

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Earlier, media reports stated that Chiliz had partnered with Binance Chain.

Binance has not published any information about adding the GAL token so far.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.