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Galatasaray SK To Move Into Cryptocurrency Through Chiliz-powered Platform Socios.com

George Miller

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Galatasaray SK To Move Into Cryptocurrency Through Chiliz-powered Platform Socios.com
Reading Time: 3 minutes

 

Chiliz, a leading sports and entertainment blockchain company,  announced a new partnership with Galatasaray Spor Kulübü, the 2018-2019 Süper Lig Champions. The Lions (Aslanlar) – the only Turkish club to have won a major UEFA competition – will join the likes of Paris Saint-Germain, Juventus, West Ham United, AS Roma and Atlético de Madrid in joining Socios.com, a first-of-its-kind, blockchain-based, influence and rewards mobile app for football fans.

Socios.com offers football fans a new way to interact and to get closer to the clubs they love through ownership of digital assets known as Fan Tokens. The Official Fan Token of Galatasaray will allow fans to vote in club-delegated polls, helping to decide on topics that the club put up for fan vote. Poll topics include new official product designs, matchday activities and in-stadium experiences, as well as sponsorship campaigns and collaborations and social media content. The more tokens a fan holds, the greater the influence they can have, and the more fans interact with Galatasaray through the app, the more rewards they can earn, competing for club-specific once-in-a-lifetime experiences and enjoying exclusive rights. In the future, fans will be able to gain access to exclusive merchandise, games and leaderboards.

The Galatasaray Fan Token will go on sale, exclusively through Socios.com, in Q1 2020 through a process known as a Fan Token Offering™ or FTO. Crypto-savvy fans can also use Socios.com’s native token, Chiliz (CHZ) – a digital currency for blockchain-backed platforms and products as well as mainstream users – which can be transferred from cryptocurrency exchanges such as Binance.com, straight to the in-app digital wallet. Fiat currency purchases will be exchanged to CHZ in the app itself, meaning the process of buying Fan Tokens will be effortless and much the same as any e-commerce purchase. Thousands of Galatasaray Fan Tokens and CHZ will also be given away for free through the app’s augmented-reality geo-location feature Token Hunt.

Dorukhan Acar, Board Member of Galatasaray Spor Kulübü said: “As Galatasaray, we are very pleased to join forces with Socios.com and start an exciting journey. This new partnership opens a world of new opportunities for us with respect to our fan engagement and global reach as well as being another milestone in our digital transformation strategy.”

Alexandre Dreyfus, CEO & Founder of Socios.com said: “We know that Turkey is a very digitally savvy country – a Statista report* earlier this year indicated that the Turks are early adopters of digital innovation, including cryptocurrencies – and we also know that Turks are enthusiastic football fans. Our product combines the two greatest passions of the Turkish people and we’re delighted to partner with Galatasaray, a giant of the Turkish football scene, to offer Fan Tokens to their millions of fans. This partnership marks another great step forward in opening up cryptocurrencies and Chiliz to millions of fans around the world.”

*Source: Statista Global Consumer Survey 2019

About Chiliz:
Chiliz 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.

Socios.com helps football clubs 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 platform has been developed to help sports teams increase fan engagement and achieve essential investment from fan-monetization. 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.

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Blockchain

PC RPG LiteBringer is now live on Litecoin blockchain

George Miller

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PC RPG LiteBringer is now live on Litecoin blockchain
Reading Time: 2 minutes

 

The makers of popular PC game Tibia enter the world of blockchain games.

Hundreds of blockchain games have been released over the past few years, but LiteBringer is the first running on the Litecoin blockchain.

Developed by experienced German studio CipSoft, the PC game has been designed to make the most of this emerging technology by focusing on what it does best – that is allowing players to truly own and control all their in-game items.

And as a role-playing game, LiteBringer certainly has plenty of those.

Each character created in the game needs to be equipped with the best gear you can find, and both character and gear need to be leveled up by collecting the material resources each requires.

The result is a game that sees you sending your characters on specific time-based missions to collect loot, and then using that loot to make them more powerful so they can complete more difficult missions for better loot.

Digital ownership

Of course, as a blockchain game, this activity is stored on the Litecoin blockchain, including characters, gear, and resources.

More importantly, all of these items can be traded within the game’s marketplace. So if you really want a high-quality sword or helmet and are prepared to pay the asking price, it’s yours.

Similarly, if you have gear or characters that you no longer require, you can try to sell them to other players as well.

All activity – including character creation and missions – plus all trading is priced in fractions of the Litecoin cryptocurrency. That means LiteBringer will require a certain level of technical know-how. Basically, you will need to send a small amount of the Litecoin cryptocurrency to your game’s wallet to start playing.

You will also need to securely save your password and private key to ensure you have access to your account because no one is able to reset or access your account. Remember, this is a blockchain game!

And yet despite this learning curve, LiteBringer is a blockchain game that combines the value of this emerging technology, with enjoyable and recognizable gaming experiences.

Basically it feels like playing a normal hardcore RPG.

Play free now!

To celebrate the launch on Litecoin Litebringer have an offer for new players. Start playing now and 90% of the transaction costs within the game will be covered for 1 month by Litebringer. Furthermore, there is the possibility to collect free ‘Lites’ from a special pool which will allow new users to get involved for free.

You can check out all the details, including a neat How To Play tutorial section at the LiteBringer website.

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Blockchain

Leading Spanish Esports Organisation Team Heretics to Launch $TH Fan Token on Socios.com

George Miller

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Leading Spanish Esports Organisation Team Heretics to Launch $TH Fan Token on Socios.com
Reading Time: 3 minutes

 

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Blockchain

Apollon Limassol FC to Launch $APL Fan Token on August 25

Niji Narayan

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Apollon Limassol FC to Launch $APL Fan Token on August 25
Reading Time: 2 minutes

 

Apollon Limassol FC, in association with Chiliz (Binance: $CHZ), is going to launch its $APL Fan Token on August 25. The token will be sold exclusively on fan voting & rewards app Socios.com and the Chiliz Exchange, the world’s first tokenised sports exchange.

A total of 100,000 $APL Fan Tokens at a fixed price of €1 will be available for sale from August 25 to August 27. A total of 75,000 $APL Fan Tokens will be available on Socios.com, with another 35,000 to be sold on Chiliz.net. Fans can purchase up to a maximum of 50 $APL Fan Tokens either on Socios.com or Chiliz.net.

From August 28, fans will be able to continue buying $APL, but from this point onwards price will be determined by supply and demand.

$APL Fan Token holders can vote in a series of launch polls, choosing players to go head to head in a skills challenge with selected voters to be invited to the training ground to award the winner.

$APL holders will be able to influence club decisions, voting in many polls each season on Socios.com and earning rewards linked to the club, including innovative digital experiences and real-life activations, such as meeting players and watching games as a VIP when fans return to the stadiums.

“We are excited to be the first Cypriot club to join Chiliz and Socios.com! Here at Apollon FC, we are constantly looking for ways to innovate and increase our brand exposure. Seeing our club logo next to some of the most prestigious clubs in the world and knowing that we are all together in such an amazing project, makes us extremely proud! We know that Socios.com can be a great communication stream between us and all the Apollon fans around the world and we are eager to receive their help in various club matters,” Nicos Kirzis, Club President of Apollon Limassol FC, said.

“Apollon FC are a forward-thinking club who are passionate about making sure their fans are able to have their say. We’re delighted they’ve chosen to embrace tokenisation to build an even closer connection with the fans and we’ve got some really exciting plans for the future,” Alexandre Dreyfus, CEO and Founder of Chiliz and Socios.com said.

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