One of the World’s Wealthiest Football Clubs is Launching a Cryptocurrency

[oksgvardukraine2018]

One of the World’s Wealthiest Football Clubs is Launching a Cryptocurrency
French soccer giant Paris Saint-Germain football club (PSG) will launch its own cryptocurrency with a token offering  that aims to incentivize its supporters over a blockchain.

The development sees a new partnership between top French Ligue 1 club, Paris Saint Germain (PSG) and blockchain company Socios.com which is based in Malta. The partnership is based on the ‘socios’ concept that already exists between football fans of Real Madrid and Barcelona.

PSG plays in the highest tier of France’s soccer league and has been hailed as the country’s “most popular” team. The club is owned and bankrolled by a Qatar state investment firm and holds the record for the highest transfer fee paid with the $263 million purchase of Brazilian football star Neymar from Barcelona in 2017.

Socios describes itself as a digitized, tokenized form of the “Socios” crowd-management concept of Real Madrid & FC Barcelona — “socios” means member or associate in Spanish. The platform is powered by a sports blockchain venture dubbed chiliZ, which has the backing of high profile crypto industry players that include crypto exchange Binance. chiliZ has raised $66 million in funding to date, according to sources.

Speaking exclusively to CCN, Chilliz CEO Alex Dreyfus explained that the platform was looking forward to further collaboration with other top soccer 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.”
https://www.ccn.com/paris-saint-germain-cryptocurrency/

[The Goat Master]

I've heard Chiliz before, but this Socios new to me. And I didn't get the concept exactly, better wait things to be realized.

[tsaroz]

I've heard Chiliz before, but this Socios new to me. And I didn't get the concept exactly, better wait things to be realized.

Chiliz is the father of Socios, they are basically homie.
Socios.com has announced it. Though there is no confirmation by PSG, we could safely assume it to be true as socios is already a trusted platform and a partner of PSG.

[Tipstar]

Marc Armstrong, Chief Partnerships Officer of Paris Saint Germain together with Alexandre Dreyfus, Founder & CEO of Socios.com

They are building a token for fan engagement and it would not be an ICO but a FTO (Fan Token Offering), rewarding fans for their involvement.

[Patriode]

I am a big fan of PSG but didn't hear about the chilz which launch psg. But if it's a trustable news it's very good for crypto and hope PSG also feel better with their token.

[Cybora9]

That's very inspired news for other biggest football team to lounch some of token like these. But there are some limitation will be occur and if PSF can be improve them then it's will be really inspirable for other club.

[kobita333]

It seems like big whale will soon enter into the market, indeed, it's the beginning of the countdown to next Bullrun. It's really a good news for us. Real adoption of cryptocurrency is gaining popularity.
BTW, it has been discussed here already.

[Ilmiyati]

I also read articles related to it and the latest news from Juventus also worked with PSG to hold an ICO. if I am not mistaken their project is called Socios, but the launch of the project is still January 2019. And it is likely that there will be many football clubs that will also join in. we should wait because it will be one of the very promising crypto projects

[kingzpro]

Great to see crypto invading every practical field of life, these are real positive signs for the humongous future of crypto that we all have been waiting for. So lets welcome this football club to crypto together.

[Msile]

Not surprised, the more time passes the more people are starting to realize that cryptocurrencies are the future. This is really a great move and with such a club that has so many fans getting their fans engaged in cryptocurrencies, that means even more adoption and with more people coming in then the cryptos are going to get even more valuable. I hope their coin does well.

[MoneyCryptor520]

It a great news actually for crypto currency . It will help the crypto world to be more successful achieve another level. Football club is doing this ,hope there will be other club who also got inspiration from them.

[electrobit8024]

This is inspiring for newbies as well as for new investors.I think this will also help this Football team in its publicity. People will promote it.I also believe that, one day this crypto will dominate all other fiat currency.

[Utyg]

Good news. From this it follows that massive money capital will flow into bitcoin. The price will rise because of the popularity of football and its infinity. Great idea. Guys well all have come up with.

[Nightingale2]

This is a very happy news for this club as well as for crypto lover. This club will get enough publicity for using crypto for the first time in club football.I think very soon, all other team also take necessary steps to utilize bitcoin as their exchange parts.