May 19, 2024

Paris Saint-Germain Football Club issues a token for voting

The French football club Paris Saint-Germain has released a cryptocurrency token allowing fansvote 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 app, which will allow 78 million fans to vote on decisions that affect the club. The operator of the Socios app, the Maltese company Chiliz, has previously signed similar agreements with other sports teams, such as the English football club West Ham United.

As part of the collaboration, 20 will be released initiallymillion PSG tokens priced at £1.69. PSG tokens will be available for purchase and sale on starting in February. Paris Saint-Germain Football Club has signed a five-year deal with Socios and expects to earn more than £2 million a year as part of the partnership.

PSG token will allow team fans to votefor making various decisions that affect the life of the club. For example, hosting friendly matches and kit design. The FC expects 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 usingbenefits of blockchain and cryptocurrencies. Recently, the Lancashire Cricket Club began using blockchain to sell tickets, and the Sacramento Kings basketball club launched an auction platform on Ethereum for the sale of sporting goods a few months after issuing their own token.

Last July, the Miami football teamThe Dolphins began accepting 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.