Paris Saint-Germain Fan TokenPSG
About Paris Saint-Germain Fan Token
What are Fan tokens?
Tokens are generally assets that can represent proof of ownership or even membership. As tokens are already being used for a wide range of purposes, many specialized blockchains have been developed with native intent to support tokens, the most common of which is currently Ethereum and their ERC standard tokens. Socios.com is an app for football (soccer) fans, where users acquire voting rights to influence the clubs they support by acquiring club-specific Fan tokens.
How do Fan tokens work?
Chiliz ($CHZ) is an ERC20 utility token on the Ethereum blockchain that serves as the digital currency for the chiliZ and Socios.com platform. In launching their platform, alongside other sports blockchain ventures, a new category of token has emerged — the Fan Token. Once onboard the Socios.com platform, yet to-be-announced club partners host what has been called a Fan Token Offering (FTO). Fans must purchase $CHZ via a cryptocurrency exchange in order to acquire Fan Tokens. These tokens — which are specific to a team or club — are a finite, digital asset that provide access to an encrypted ledger of voting and membership rights ownership.
About Paris Saint-Germain
Established in 1970 and first entering France’s Ligue 1 in 1972, Paris Saint-Germain is proof that clubs don’t need a long incubation period to explode onto the world stage. Only a decade into their Ligue 1 tenure, Paris Saint-Germain would claim back to back French Cup victories in 1982 & 1983. The team now counts 8 Ligue 1 titles including 4 back-to-back wins in 2012-2015 and 2 in the past 2 years (2017 & 2018), as well as a French Cup win in 2015 and League Cup wins in 2014 and 2015.