Own cryptocurrency by Paris Saint-Germain!

Own cryptocurrency by Paris Saint-Germain!

Paris Saint-Germain, French football giants, has announced that they will be launching their own cryptocurrency. The idea is to let fans buy tokens, which will allow them to take part in online surveys and take decisions for the club. PSG are planning to include the fans in decision-making processes with the help of their online tokens. Fans will also be able to access VIP level club rewards. The tokens will open new engagement opportunities also. However, fans will have voting rights for selecting jersey design or opponents of pre-season friendlies. Socios is a tokenized football fans' voting platform, and its name refers to shareholders of Spanish football clubs like Barcelona and Real Madrid. The company has announced that it wishes to reinvent the concept of Socios 'in a more 2.0 style'. The blockchain is designed to be unchangeable, so once a transaction is made, it cannot be erased in any way. This will help maintain transparency and integrity as all transactions will be indestructible, and meanwhile, fans get to buy voting rights, making it an 'ownable' commodity. The company Socios is based in Malta, the first country to establish a regulatory framework for Blockchain and cryptocurrencies. PSG will be releasing a limited number of tokens, which will bear digital stamps from the club and will be inimitable. Fans, from anywhere around the world, will be able to buy the tokens and then become shareholders of the club. PSG are yet to take a decision about the price of the tokens. This is the first time a football club is releasing its own cryptocurrency to enhance fan engagement. While special rewards and content from the club might be exciting for the hardcore fans, they will actually pay real currency to be involved in superfluous decisions.

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