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What is Gala (GALA)?
Gala basic info
What is Galatasaray Fan Token (GAL)?
Galatasaray Fan Token (GAL) is a digital asset that allows fans of Galatasaray Spor Kulübü, one of Turkey's most celebrated football clubs, to have a say in the club’s decisions, access exclusive experiences, and earn rewards. Unlike traditional fan memberships, which might include perks like newsletters or discounts, GAL tokens give fans direct voting power on various club-related decisions.
Who Created Galatasaray Fan Token (GAL)?
The GAL token was created by Socios.com, a platform known for pioneering the concept of Fan Tokens. Socios.com specializes in creating digital assets that enable fans to engage with and influence their favorite sports teams. Socios.com has partnered with over 120 world-class sports teams and clubs, ranging from football giants like Manchester City, Arsenal, Paris Saint-Germain, Atlético de Madrid, A.S. Roma, and FC Barcelona, to other sports like UFC, Formula One, NBA teams, and eSports champions. They aim to bridge the gap between fans and clubs by providing an interactive and rewarding experience.
How Galatasaray Fan Token (GAL) Works
Owning GAL tokens is like having an elevated fan experience with Galatasaray SK. Fans can acquire these tokens on exchanges like Bitget. Once they have the tokens, they can use them in multiple ways.
Voting on Club Decisions
Galatasaray uses the Socios.com app to run polls on various aspects of the club. Token holders can vote on these polls, with each token representing one vote. The weight of a fan’s vote depends on the number of tokens they hold.
Here are some examples of decisions that fans have already impacted through similar tokens at other clubs:
● Warm-Up Songs: Fans have chosen the songs that play during the team's warm-up sessions.
● Historic Matches on GS TV: Fans selected which historic matches were featured on the club's official TV channel.
● Dressing Room Door Designs: Token holders decided on new designs for the team’s dressing room doors.
● Goalkeeper Glove Designs: Fans helped choose the design for the goalkeeper’s gloves.
● Gala Espor Logo and Hashtag: Token holders picked the new logo and hashtag for Galatasaray's esports team.
Being able to directly influence decisions at Galatasaray Spor Kulübü gives fans a sense of ownership and connection to their favorite team.
Exclusive Rewards and Experiences
Holding GAL tokens unlocks various VIP experiences. These can range from VIP access to matches and signed merchandise to unique opportunities like watching a game with a club legend or traveling with the team for away matches. GAL tokens provide fans with unique opportunities that they would not get otherwise.
Lifetime Ownership
One of the standout features of GAL tokens is that they do not expire. Once a fan acquires tokens, they can use them repeatedly without needing to renew their membership annually or monthly.
GAL Goes Live on Bitget
The introduction of GAL tokens marks a significant shift in how fans interact with their favorite sports teams. It transforms passive spectators into active participants in the club’s decisions and experiences. This new model of fan engagement is likely to become more popular, as it provides tangible benefits to fans while allowing clubs to foster a deeper connection with their supporters. By owning GAL tokens, fans become more than just supporters; they become an integral part of the club's journey.
So, if you bleed yellow and red, and want to have a say in the future of Galatasaray, get GAL tokens on Bitget now! The token is listed on Bitget as GALFAN.
How to Trade GAL on Bitget
Listing time: June 11, 2024
Step 1: Go to GALFANUSDT spot trading page
Step 2: Enter the amount and the type of order, then click Buy/Sell
For detailed instructions on how to spot trade in Bitget, please read The Uncensored Guide To Bitget Spot Trading.
Trade GALFAN on Bitget now!
Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.
GALA supply and tokenomics
Uniqueness
Centuries of combined experience from some of the greatest game devs makes Gala Games truly unique in both the Web3 and gaming worlds. They are committed to a “games-first” approach, always reaching for the greatest possible gaming experience above all else.
The team at Gala Games is passionate about gaming. They are taking the most cutting edge aspects of Web3 tech, and using them to give gamers freedom like they have never seen: Freedom to own, freedom to earn, and freedom to play.
Gala Games also aims to simplify the onboarding process for gamers entering the Web3 world, allowing users to begin making blockchain transactions by simply connecting an existing Coinbase or MetaMask wallet. Additionally, many Gala Games items can be purchased directly with credit cards.
Gala Games works closely with OpenSea to facilitate its official NFT collections, which can all be found on this collection page . Because every Gala account has a corresponding Ethereum wallet, players are able to easily trade their items peer-to-peer on OpenSea.
The Gala Games team is very accessible in the Discord community , where players and community members are truly listened to. This open dialogue community approach has been one of the greatest secrets to Gala’s success.
In early 2022, Gala Games expanded its mission to encompass all of Web3 entertainment, launching both Gala Music and Gala Film. Additionally, Gala’s generative NFT avatar project, VOX , has dropped 4 successful series, including collaborations with Dreamworks’ Trolls and AMC’s The Walking Dead. An ambitious and gamified metaverse home for all VOX is currently being developed by Will Wright, creator of The Sims.
Gala users collect in-game NFTs from different games on the platform. They can either use them in-game for various benefits, boosts and reward opportunities, or trade them as they please on the secondary market. This ability to own and trade in-game items allows players to shop and play with less commitment, giving them the freedom to play more games.
While Gala often develops its own games (Town Star, Mirandus, Last Expedition, The Walking Dead: Empires), the company also works with award-winning external gaming studios. A list of currently playable or in-development Gala Games can be found on this page .
In late 2022, Gala Games unveiled its own “games-first” layer-1 blockchain solution (currently called Project GYRI). Assets on Gala’s blockchain are fully bridgeable to and from the Ethereum blockchain, and GALA acts as the gas token for all transactions. When GALA is collected as transactional fees, a portion is burned, and a portion is distributed to Founder’s Node operators as an additional reward.
Throughout 2023 and beyond, Gala has many announcements and releases planned as the Gala Games platform takes shape as the world leader of Web3 gaming.
Token utility
The Gala Games ecosystem is governed by the GALA token that acts as a medium of exchange on which all transactions in the network are settled. The token runs on the Ethereum and Binance Smart Chain networks. The platform is also secured by its own set of nodes dubbed Founder Nodes. A maximum of 50,000 Founder Nodes are needed to verify transactions and secure the network.
The Gala token is used to power the in-game economy across all the different games available in the ecosystem as well as incentivizing node operators for supporting and facilitating the network. Players can make in-game purchases with the token or trade peer-to-peer. For instance, in Gala's first game, Town Star, the top players are rewarded in GALA. The token is also used to purchase Founder's Nodes. Gala is available on both Ethereum and the Binance Smart Chain at this time so wallets like Metamask, Trust Wallet, or Binance wallet are popular options for accessing tokens on decentralized applications.
Links
What is the development prospect and future value of GALA?
The market value of GALA currently stands at $609.77M, and its market ranking is #89. The value of GALA is widely recognized by the market. When the bull market comes, the market value of GALA will likely continue to increase.
Moreover, if GALA can play a greater role in practical applications, such as Gala builders fully leveraging the potential of GALA, partnering with more businesses, and increasing its user base, the long-term value of GALA will be significantly enhanced.
Is GALA worth investing or holding? How to buy GALA from a crypto exchange?
How to get Gala through other methods?
What is Gala used for and how to use Gala?
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