What is the Concept Behind Fan Tokens?

[Crypto Fella]

Ever since the development of blockchain, the place it has been used the most has been in the crypto sector where it is used to create and record transactions and while we could see this used also to store records in the hospital, I am beginning to see it in the sports sector.

One I came across recently that made me pause and think is GAL token, which is the official digital token for Galatasaray Turkish football club that was founded in 1905 by the students of Galatasaray Lyce in Istanbul.

I wondered what they saw in the blockchain industry . That made them think of creating the token and found out that the aim was to use it in making decisions for the club by the fans, meaning they can vote with it and also influence the managers' decisions with it. Now how do you see this and is this not like politics in crypto?

[Smilez]

Oh, bitget just added GALFAN to their spot market,I also think tokens like Gal, JUV, and Inter are bringing fans closer to the club in a way. As a football fan and a web3 enthusiast, when I see tokens that empower fans and make them more inclusive in the club's decision-making process, I really feel like both web3 and football are seeing great advancements, I just hope that the club takes the fans decisions into consideration because that how this could work out

[debra]

I guess you mean Fan Token such as PSG token, Barcelona token, City token, or the like. These tokens are associated with the clubs, they are official tokens. Regarding the functions, I think it depends on the club itself. If it is possible, the tokens may be available to get products/merchandise or to vote on certain decisions. Actually, the concept is interesting because it has the advantage for the clubs and the fans. However, I think it is still not so popular until now and the prices of the tokens are too volatile.