One of the wealthiest football clubs in the world is planning to launch its own cryptocurrency.
PSG will partner with a blockchain company named Socios.com and the project will be based on a concept that already exists for fans of Barcelona. This is France’s most popular team and plays in nearly all soccer leagues. The club is actually owned by a Qatar company and was one of the first clubs in the world to make the most expensive transfer fee of more than $260 million for purchasing the amazing Neymar in 2017.
Socios is powered by a sports blockchain venture that already backs up high profile players including one of the most popular exchanges Binance. That blockchain venture is named chiliZ and it managed to raise above $60 million. Chilliz CEO noted that they are looking forward to collaboration with other popular football clubs.
“We are focusing on onboarding the biggest clubs in Europe and in the coming weeks, we will announce other big clubs who will also be joining our platform. Outside of France, our priority is clubs in the UK, Italy, Spain and Germany.”
This partnership will allow all fans and supporters of PSG by launching a fan token to gain access to PSG branded tokens that will include voting rights and offer VIP status to their holders. Fans will ultimately be able to vote for issues such as the color of the jerseys, logo, player of the month and etc. Also, these PSG tokens will be tradable against the chilliZ native token.
PSG is the first high profile club to welcome such project and the creators behind the project expect that this platform will engage in providing education for a large number of people.
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