Top flight Polish club joins growing list of European clubs to join blockchain revolution powered by the London Football Exchange
Lechia Gdańsk, the Polish top-flight team, has become the first Polish club to join the London Football Exchange (LFE) the world’s foremost football cryptocurrency, in order to access the suite of blockchain based football club solutions the LFE offers.
The Polish club, which achieved a string of successes including the Polish Cup and Super Cup during the 1980s, has joined the London Football Exchange to embrace the advent of blockchain meeting football club fan engagement and finance through the world’s first football club stock exchange.
“We’re delighted to welcome Lechia Gdańsk as the first Polish football club to join the London Football Exchange,” said Benjamin Leigh-Hunt, a main board director of the London Football Exchange Group.
“This new partnership with a club from the Polish top flight just goes to show the growing appeal of the LFE for clubs in every location. Poland as a country has been at the forefront of the Blockchain revolution and is an area that we know and love.
“We are going to be ever present in Poland and are delighted that we can announce this partnership as our first one with Lechia Gdansk. Lechia Gdańsk joins a growing list of clubs from England, Spain, Italy and other European leagues that are already part of the LFE and we expect to announce many more of these partnerships in the coming weeks.”
The Lechia Gdańsk squad, which already includes former Juventus star Milos Krasic, was bolstered in January with the signing of Filip Mladenović, the Serbian left back who achieved notable success in the Champions League with BATE Borisov during 2014 and 2015.
The club has also recently announced that its balance sheet will be boosted by €6.1 million as a result of separate agreements with German Bank Internationales Bankhaus Bodensee and club owner Josef Wernze. This should be a great sign to the fans that the club is going places.
The revolution in football finance that LFE provides comes from its use of the revolutionary technology, blockchain. LFE is the first application of blockchain that will enable football fans to upload their fiat currency and convert it into cryptocurrency to buy fan experiences and football club shares.
It also allows them to decimalise out of their position, back into fiat currencies for Point of Sale purchases globally. The increased involvement of fans is a significant additional benefit of LFE because, as well as being a one-stop shop for clubs of all sizes to raise capital via equity sales, it offers a wealth of experiences and social interaction for fans.
A transformation of the fan experience is made possible because the LFE is built on Securrency’s proprietary advanced token exchange platform. Leapfrogging prior technology, the Securrency platform contains powerful services to enhance the security and compliance of blockchain networks.
It is hoped that millions of people will experience the benefits of blockchain technology for the first time through the LFE, including fast, secure payments without the involvement of payment processors, ticket agents, scalpers or other intermediaries. The Securrency platform leverages the fast-Stellar network, enabling transactions to occur at a much higher volume than ever before, and promising to revolutionize in-stadium ticketing, merchandise purchases, and other direct engagement of football fans.
LFE will be holding its Initial Token Offering as part of its development roadmap and will generate a total of 4 billion tokens with 2.4 billion tokens made available for sale. The tokens will be priced at $0.20, which equates to a fundraising goal of approximately $350 million.
Bitcoin, Ethereum and Ripple will all be accepted as part of the token sale. Bank transfers of British Pounds, Euros, US Dollars, Australian Dollars and Swiss Francs will also be accepted.