PSG Fan Token PSG
Report IssueThe Paris Saint-Germain Fan Token (PSG) is a utility token that gives Paris Saint-Germain fans a tokenized stake in the club's decisions through the Socios app and services. The token serves as a membership key that allows users to compete for exclusive rewards, club recognition and more.
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Short Review PSG Fan Token
Crypto project PSG Fan Token (PSG) is classified as a Sport. PSG Fan Token is a Utility token that is hosted on the Ethereum Network. The current total supply is 19.89 M PSG (Circulating Supply + Tokens yet to be released - Burned Tokens).
(PSG)
PSG Price Chart
The launch of PSG token trading took place on 13 June 2020.
Paris Saint-Germain (PSG) Cryptocurrency
The Paris Saint-Germain Fan Token (PSG) is a cryptocurrency that allows football fans to participate in the life of the Paris Saint-Germain football club. Owners of this cryptocurrency can use applications and services of the Socios platform for this purpose. To influence club decisions, fans can use smart contracts in various polls published by the football club. However, Paris Saint-Germain is obliged to act on the results of such surveys. Standard PSG Fan Tokens are not NFTs and are the same. However, Paris Saint-Germain allows PSG owners to participate in the NFT draw and receive collectible match tickets items, invitations to events, excursions and meetings with players, virtual badges.
Thus, the main goal of creating fan tokens is to take sporting events to the next level and increase interaction between teams and fans. PSG runs on Chiliz Chain, a sidechain of the Ethereum network that uses PoA (Proof of Authority). ) transaction confirmation algorithm. In the near future, the Socios platform plans to introduce staking of PSG tokens. In the meantime, users can get this cryptocurrency on exchanges or get it in a “token hunt.”
History of the PSG Fan Token project
Fan Token is a relatively new direction in the development of cryptocurrency, which appeared several years ago. The French football club Paris Saint-Germain entered the digital age and issued its own tokens, with the Socios platform acting as an intermediary between fans and the club. The football club announced the launch of its own cryptocurrency in January 2020. Thus, he became one of the first to issue fan tokens.
Advantages of PSG Fan Token
- Voting when making decisions. Paris Saint-Germain fans can use cryptocurrency to participate in decision-making processes regarding the club. For example, they can choose what design the team bus will have, what will be written on the captain's armband, or express their opinion at the presentation of club awards.
- Token Hunt. The Socios platform provides fans with the opportunity to obtain free PSG through token hunting. Fans are encouraged to wander around the area to find more PSG and CHZ tokens. In general, this is something like Pokemon Go, only instead of Pokemon, users collect fan tokens.
- Rewards and sweepstakes. With PSG Tokens, users can earn rewards such as match tickets, digital badges, cashback offers from official online stores and much more.
Disadvantages of PSG Fan Token
- High level of token centralization. All decisions regarding the issuance, sale and distribution of the token are made by the management of Paris Saint-Germain.
- Lack of interest from investors and traders. At the moment, the PSG token has not yet attracted interest from investors and traders due to its limited scope.
