French football giant PSG set to lunch it's own fan token

[Betapikin042]

French soccer club Paris Saint-Germain (PSG) is cooperating with blockchain stage Socios.com to dispatch a token biological system, as per a public statement imparted to Cointelegraph September 11.

PSG plays in the most noteworthy level of France's soccer association and has been hailed as the nation's "most famous" group.

Socios depicts itself as a digitized, tokenized type of the "Socios" swarm administration idea of Real Madrid and FC Barcelona — "socios" implies part or partner in Spanish. The stage is fueled by a games blockchain wander named chiliZ, which has the sponsorship of prominent crypto industry players that incorporate crypto trade Binance. chiliZ has brought $66 million up in subsidizing to date, as per CT's correspondence with CEO Alexandre Dreyfus.

PSG's organization with the stage will enable the club to dispatch a Fan Token Offering (FTO) that gives fans access to marked Saint German club tokens which accompany voting rights and can likewise present VIP status as well as remunerations to their holders.

Fans will apparently have the capacity to vote on "corrective" choices (picking the club's shirt shading, stadium music and logo) and certain games perspectives (MVP, Player of the Match or Month, friendlies matches, summer visits, philanthropy line-ups, and so on).
 This show the steady spread of cryptocurrency
  What your thoughts on this
 Source cointelegraph.Com

[adekogbe]

I saw this news across a lot of media outlets a few days ago, and I have to say this is a classic example of how the media can influence people's perspective of any news.

What I have been able to understand from reading about this news is that PSG is actually partnering with "socio" as a decentralized platform to help with the improvement of fans engagement. In the same way in which football clubs and other sporting outfits make partnerships with a hundreds of businesses.

The media outlets however made it seem like PSG management in itself decided to create this decentralized platform.

My advice is either it's good news or bad news, always try to read in between the lines in order to not be mislead.

[Conasse]

Football ruled by the capitalists lol
It will motivate the fans engagement but nothing more. And the fans won't look further to use others tokens.
So only the fans will use this token

[JeBro]

However, I believe  the implementation of the blockchain technology among sports clubs, especially football giants, will contribute to the promotion of cryptocurrency among such a specific category as football fans, numbering hundreds of millions around the world.

[nreal]

This may be a good news, I hope many other teams will follow suit. But I still don't understand how this token will be used only for fans.

[reactorjuno]

Last time I heard about a football team somehow involved with a cryptocurrency was an Italian football of League 3.
Now this is PSG, this is a big team (a huge team, could very well win the Champions League).

This is the advertising cryptos need!  fantastic news.