Galatasaray Fan Tokens (GALFAN) Analysis

Project Introduction

Galatasaray Fan Token (GALFAN) is Galatasaray's fan token, a digital asset that never expires. Holding GALFAN tokens means you have the right to vote in official club decisions and enjoy unparalleled access to the team.

GALFAN Fan Token holders will receive VIP access to domestic leagues, cups and European competitions, but that's just the beginning. From signed memorabilia to watching games with your favorite club legends or flying away to support the team, the sky is the limit. Token holders can earn fan rewards by participating in quizzes, games and club decisions on the Socios.com app.

Token Economics

GALFAN tokens are issued on the Chiliz blockchain network, with a maximum supply of 9,975,000, a maximum supply market value of approximately US$19.4 million, a circulation of 9,446,413, and a current circulation rate of 94.7%.

Market Insights

Galatasaray Fan Token is a fan token of Galatasaray Sports Club on Chiliz. The team has won 15 top league titles, the UEFA Cup and the European Super Cup, and holds a world record of 24 consecutive domestic league wins. With the opening of football events such as the European Cup and the America's Cup approaching, the fan token sector has begun to warm up, and fan token projects such as GalFan and Chiliz are worth paying attention to in the future market.

Looking back at history, the publicity and promotion of the 2022 FIFA World Cup has become a powerful catalyst for fan tokens, pushing the value of fan tokens to unprecedented heights. In the exciting six months before the global football event, the value of tokens issued by national teams soared: Brazil (BFT) rose by 324%, Portugal (POR) rose by 953%, and Argentina (ARG) soared by 1,038%. At the same time, they outperformed benchmark cryptocurrencies such as Bitcoin (-19%) and Ethereum (-5%).

National teams directly issue blockchain-based fan tokens, allowing us to track the impact of World Cup matches on the price of national team fan tokens in real time:

Pre-match optimism: Before each match, the price of the participating team's fan tokens usually rises, thanks to hopeful fans and investors betting on the team's victory.
The roller coaster ride during the game: Fan token prices face downward pressure as the whistle blows, especially during halftime and the end of the game.

Wins and losses: Wins will stimulate the trading volume of the team's fan tokens, but do not significantly increase the token price. Losses will prompt fans to sell in large quantities.
The importance of betting: Losing in the key rounds will greatly affect the price of the losing team's fan tokens, with a drop of between -50.74% and -59.43% in the event of elimination; group stage losses have a smaller impact.

Historical wisdom: The ancient market wisdom of "buy the rumor, sell the news" is reflected in the field of fan tokens, reaching a peak before the World Cup and then gradually declining, providing tactical means for astute traders.

Distribution of on-chain holdings

According to the Chiliz block browser data, as of June 12, the top 10 GALFAN token holding addresses held a total of 99.91% of the tokens, of which the largest holding address held 9,637,404 GALFAN tokens, accounting for 96.6156%. There are 9 addresses holding more than 0.01% of the total supply, and the on-chain holdings are relatively concentrated.