The Brazilian football club Atletico Mineiro who competed in the Brasilez Premier League has launched their Coin cryptocurrency called "GaloCoin".
The name GaloCoin is taken from the name of their mascot in the form of a rooster in Portuguese "Galo". GaloCoin is built using the Footcoin platform, so it is possible to create and launch utility tokens that run on the blockchain Ethereum. GaloCoin is set on the currency of the Brazilian fiat national currency and has the same real unit.
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GaloCoin can be used to buy match tickets, official tickets or merchandise and participate in discount programs. Users must purchase at least 50 Galo Coins or around $ 13 to use the club's cryptocurrency.
Utility tokens are increasing in popularity among soccer clubs around the world. European clubs are also starting to use utility coins such as Paris Saint-German (PSG) also making similar things by working with the Socios.com blockchain platform to launch their Tokens.
Italian Serie A Club, Juventus also did the same with PSG and announced it at the Juventus Official Fan Token, Juventus also partnered with Socios.com to launch their tokens.
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Besides PSG and Juventus, English league clubs such as Tottenham Hotspur, Brighton & Hove Albion, Crystal Palace, City of Cardiff, Football Clubs Leicester City, Newcastle United, and Southampton have also partnered with the "eToro" crypto platform to integrate the blockchain and cryptocurrency in their football stadium.
Sumber : cointelegaph
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