January 29, 2023

Paris Saint-Germain Football Club issues a token for voting

French football club Paris Saint-Germain has issued a cryptocurrency token, allowing fans vote for decisions affecting the fate of FC. Tokens are available in the Socios app.

French Football Club Paris Saint-Germain(PSG) has signed an agreement with the developers of the Socios application, which will allow 78 million fans to vote for decisions affecting the club. The application operator Socios - the Malta company Chiliz, had previously signed similar agreements with other sports teams, for example, the English football club West Ham United.

As part of the collaboration, 20 will be released firstmillion PSG tokens priced at £ 1.69. PSG tokens from February will be available for purchase and sale on Chiliz.net. The Paris Saint-Germain football club has signed a five-year agreement with Socios and expects to earn more than £ 2 million a year through the partnership.

PSG token will allow fans to votefor making various decisions that affect the life of the club. For example, friendly matches and uniform design. FC hopes that the initiative will increase the involvement of fans in the life of the club and their interest in the team.

Sports teams are increasingly usingblockchain and cryptocurrency benefits. Recently, the Lancashire Cricket Club began to use the blockchain to sell tickets, and the Sacramento Kings basketball club launched an auction platform on Ethereum for the sale of sports goods a few months after the release of its own token.

Last July, the Miami Football TeamDolphins ”began to accept payments in LTC, and in June, the Portuguese football club Benfica began selling souvenirs for cryptocurrencies. At the end of April, West Ham United football club launched a fan token, and Real Madrid began using the Fantastec blockchain to host content.