The Paris Saint-Germain Fan Token (PSG) is a cryptocurrency token associated with the Paris Saint-Germain professional football club. It allows fans to vote on certain club decisions, access VIP experiences, and earn official club products.
The Paris Saint-Germain Fan Token operates on the Chiliz blockchain, which is a sidechain on Ethereum and uses a staking-based consensus mechanism. It is an ERC-20 token that enables fans to participate in club decisions, enjoy exclusive experiences, and earn rewards. The token is issued by Socios in collaboration with the Paris Saint-Germain football club.
The Paris Saint-Germain Fan Token can be used for various purposes, including voting on club decisions, accessing VIP experiences, and obtaining exclusive merchandise. It enhances fan engagement by providing voting rights, exclusive club products, and interaction with the club through the Socios platform. Additionally, it supports broader sports industry interactions by facilitating a new form of fan participation.
The Paris Saint-Germain Fan Token was launched by Socios.com in partnership with the club in January 2020. It was created to foster fan engagement and bring supporters closer to the club. The token enables fans to influence certain club matters and access various fan experiences, with its popularity bolstered by high-profile player signings. It also represents a key development in the use of blockchain technology in sports, promoting transparent and secure fan involvement.