ISTANBUL, 5th June 2020: Chiliz ($CHZ: Binance) have announced that the Galatasaray ($GAL) Token will begin trading on Chiliz.net – the world’s first cryptocurrency exchange for sports & entertainment – from 3pm CET/ 4pm TSI today.
Chiliz.net, available on desktop, iOS and Android, allows sports fans and crypto enthusiasts to buy and sell official digital assets from some of the most recognisable sports organisations in the world. $GAL joins the Juventus ($JUV) Token on the exchange, which having been initially sold at €2 during the FTO (Fan Token Offering) period, is now trading at around €6.79.
Tokens for FC Barcelona ($BAR), Paris Saint-Germain ($PSG), AS Roma ($ASR), Atlético de Madrid ($ATM) , CA Independiente ($CAI) & esports giants OG ($OG) will launch on Chiliz.net very soon, with many more to follow in 2020 and beyond.
Additionally, $GAL currently held on Chiliz’ fan voting & rewards app Socios.com can now be withdrawn to Chiliz.net using the app’s ‘Withdrawal’ feature, subject to the completion of the 90-day post purchase lock period. $GAL can also be bought and sold in the Socios.com Marketplace within the app.
Trading for all Tokens on Chiliz.net is paired against Chiliz $CHZ – the leading digital currency for sports & entertainment. In addition to the trading of digital assets from world-leading sporting organisations.
Alexandre Dreyfus, CEO & Founder of Chiliz & Socios.com said: “In April we started a new era in digital asset trading with the launch of the $JUV token on Chiliz.net, creating a new trading narrative where price is determined by factors including fan sentiment, pitch performance and transfer window activity.
“The response to the launch of $JUV was really encouraging, especially taking into account the sporting landscape at the time.
“With the return of sport and many more Fan Tokens to go live on Chiliz.net the outlook is very promising indeed.
“The enthusiasm and excitement we’ve seen from Turkish sports fans and crypto enthusiasts has been unparalleled and I’m very confident that many will want to be a part of this vibrant new trading class.”
The news of the listing coincides with an announcement that the top 170 current $GAL Token holders on Socios.com will be given the opportunity to have a personalised fan photo on display in the club’s Türk Telekom stadium for the last 3 home games of the resumed 2019/20 Süper Lig season.
For Further Information:
Chilliz / Socios.com
Andrew Clarke – Global PR Manager
Notes to editor:
Chiliz ($CHZ) is a digital currency for sports and entertainment platforms. It fuels the world’s first scalable, tokenized voting platform, Socios.com where fans can buy, trade and execute voting rights in their favorite sports teams. The Chiliz project has raised $66 million from some of the world’s largest cryptocurrency exchanges and leading crypto funds in Asia, including Binance, OK Blockchain Capital, and Ceyuan Ventures. Chiliz is owned by Malta-based Mediarex Group, a global sports and entertainment organisation, which was founded in 2012. In January 2020, Chiliz announced the launch of Chiliz.net, a first-of-its-kind mobile and desktop crypto exchange for sports and entertainment assets.
Socios.com helps sport entities achieve digital transformation through blockchain technology. Socios.com is powered by the Chiliz token ($CHZ), both an ERC20 utility token on the Ethereum blockchain and BEP-2 token on Binance Chain. Fan Tokens are specific to a team or a club, and are a finite, digital asset that provides access to an encrypted, immutable ledger of voting and membership rights ownership. The tokenized fan-voting platform uses Fan Tokens, which operate on a separate permissioned side chain. The Fan Tokens are limited in number, and are fungible, meaning their ownership can be traded, and their price is driven by the market. The venture was inspired by the fan-led management frameworks or ‘socios’ of some major football clubs. Dubbed ‘Socios 2.0’, the platform simply represents the digitisation of this model of management.