#### What is Galxe? Galxe, also known as Galatasaray Fan Token (GAL), is a digital asset that represents proof of ownership or membership for the fans of Galatasaray Sports Club. It is a type of Fan Token, a new category of [tokens](https://www.coinbase.com/learn/crypto-basics/what-is-a-token) that has emerged with the advent of sports [blockchain](https://www.coinbase.com/learn/crypto-basics/what-is-a-blockchain) ventures. Galxe aims to provide fans with voting rights to influence the clubs they support. It is a finite digital asset that provides access to an encrypted ledger of voting and membership rights ownership. The Galxe token operates on the [Ethereum](https://www.coinbase.com/learn/crypto-basics/what-is-ethereum) blockchain, adhering to the ERC standard for tokens. #### How does Galxe work? Galxe operates on the Socios.com platform, a platform designed for football fans to acquire voting rights by obtaining club-specific Fan Tokens. To acquire Galxe tokens, fans must first purchase Chiliz ($CHZ), an [ERC20](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/what-is-erc20) utility token on the Ethereum blockchain that serves as the [digital currency](https://www.coinbase.com/learn/crypto-basics/what-is-cryptocurrency) for the chiliZ and Socios.com platform. Once they have $CHZ, fans can participate in what is known as a Fan Token Offering (FTO) to acquire Galxe tokens. These tokens are specific to the Galatasaray Sports Club and aim to provide fans with a sense of ownership and influence over the club they support. #### What are the potential use cases for Galxe? The primary use case for Galxe is to provide fans of the Galatasaray Sports Club with voting rights and a sense of ownership. By acquiring Galxe tokens, fans gain access to an encrypted ledger of voting and membership rights ownership. This means that they can influence the decisions of the club they support, fostering a deeper connection between the club and its fans. Additionally, as Galxe operates on the Ethereum blockchain, it could potentially be used in any application that supports ERC standard tokens. #### What is the history of Galxe? Galxe is tied to the history of the Galatasaray Sports Club, which was founded in 1905 by students of Galatasaray Lycee in the Beyoglu area of Istanbul. Known for their fiery yellow and red color palette and a tradition of intimidation on the pitch, the club has earned its nickname – the “Lions”. Galatasaray has won the Turkish Super League 22 times and is the only Turkish club to have claimed the UEFA Cup & Super Cup, which they did in 2000. The Galxe token was introduced as a way for fans to have a more active role in the club, providing them with voting rights and a sense of ownership.