Paris Saint Germain to start off with a fan token offering 22777 Paris Saint Germain
News
Nitin Murali
Sep 11, 2018 at 7:30 AM

Paris Saint-Germain(PSG), a French football club along with Socios.com are going to launch a token ecosystem, which is the Fan Token Offering (FTO). PSG has always been the country’s most popular football club.

Socios is backed up by a sports blockchain organization named dubbed chiliZ, who invest on Binance coin. According to a report, they have raised $66 million in funding. In Spanish, “Socios” means member or associate.

With a Fan Token Offering(FTO), one can vote on cosmetic decisions like choosing the jersey color, stadium music, and logo. One can also choose aspects like MVP, Player of the match, matches, charity line-ups, etc.

Alexandre Dreyfus, CEO, PSG noted that this method offers a limited token mechanism which focuses on monetizing a fan’s engagement and experience via a crypto

Marc Armstrong, Chief Partnership Officer of PSG, emphasized on how PSG will help in the crypto future.

“Paris Saint-Germain is determined to leverage the opportunities that cryptocurrency can provide. This revolutionary technology will have an important impact on the club’s overall business strategy and the way we engage with our fan base,” he said.

PSG fans can trade on socios.com but only against the chiliZ native token ($CHZ). The FTO will be held before the beginning of this coming season. The revelation of the price and date will take place soon.

Dreyfus emphasized that even though PSG is the first club to start off with this offering, the path laid forth will help millions of football fans to be engaged to the crypto world.

Fans prefer Paris over Marseille

The French football fanatics have proved themselves in a survey that they prefer Paris to Marseille. They prefer Paris to 46%, to that off Marseille, who are slightly lesser at 43%.

See also:

Bitpoint to pay Japanese footballer Honda in cryptocurrency

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Image via Shutterstock

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