Another football team joins the crypto family in after the Atletico Mineiro, a Brazilian football club decided to launch a crypto token for their fans named Galo Coins. In today’s altcoin news we take a closer look at their idea.
Over the past two years, the relationship between the crypto industry and the football clubs has grown incredibly and many others are considering crypto as a way to gain wider traction and recognition.
Atletico Mineiro is a part of the Brazilian Premiere League and they decided to create their own token named Galo Coins which will be a token for their fans which can be used to buy tickets and merchandise but will also allow their fans to use the token as a discount token.
It is an extremely simple coin which is a great idea to attract new crypto users. The token is priced just as the Brazilian Real currency is, but fans need to buy 50 Galo Coins to be able to use the tokens. This token allows the users to exchange Galo Coins for Ethereum tokens. Other football clubs have already used the same concept such as Paris Saint Germain.
Football and cryptocurrency go pretty well together. Many football legends such as Ronaldinho have already created their own crypto coins. Other players that have done the same are Michael Owen, Didier Drogba, Luis Figo, and Lionel Messi.
Earlier this year, Gibraltar United became the first teams in the world to pay their players in crypto. Crypto can change the entire way of how fans buy tickets and football merchandise and we can only wait and see how Atletico Mineiro will do in the future.
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