The French football club PSG (Paris Saint Germain) will launch its own cryptocurrency. The distribution through sale of tokens should start at the next season
This Crypto Foot initiative follows a partnership between the Ligue 1 club and the Malta-based blockchain Socios.com. Inspired by the concept of “socios“, which can be found in clubs like FC Barcelona or Real Madrid, the company wants to offer a digitized and “tokenized” version of this form of participatory football.
Crypto Foot and Blockchain partnership
The platform is based on chiliZ, a blockchain project specialized in sports. It has already managed to raise $ 66 million since its creation, including the giant Binance.
Alex Dreyfus, the CEO of chiliZ, expressed his enthusiasm following this agreement. He is proud and excited of this partnership between club of Paris Saint-Germain and the Blockchain platform Socios.com.
By this way, a leader on football fields, Paris Saint-Germain appears as a digital pioneer. Crypto foot shows up a leadership in the sector of the innovation.
And to specify to the crypto-media CCN that other big football clubs should soon join this Crypto foot project:
“We are looking to bring the biggest clubs in Europe in the coming weeks, and we will announce the arrival of other major clubs on our platform. Beyond France, we are primarily interested in English, Italian, Spanish and German clubs “.
Owned by Qatar Sports Investments, PSG had made a big noise last year by offering the star of Brazilian football Neymar in a record transfer, estimated at 222 million euros.
Crypto foot, getting closer to the supporters
With this partnership, the club plans to launch a “Fan Token Offering” (FTO) that will allow its supporters to get PSG tokens. They will thus have the right to vote and obtain rewards, but also have access to certain Crypto Foot “VIP experiences”.
Mr. Dreyfus said that this crypto foot initiative would not allow fans to hold shares of their favorite club. It would be above all to offer them the opportunity to take part in certain choices.
They will be able to vote on certain “aesthetic” decisions – such as the choice of the color of a jersey, music broadcast in the stadium or logos – as well as on certain sports decisions – such as the election of the best player of the match. or the player of the month, the choice of the opponents of the friendly matches, the team composition during gala meetings, …
Marc Armstrong, PSG sponsorship director, confirmed the global idea of the Crypto Foot initiative. Exploit the opportunities offered by the blockchain technology. Be at the forefront of the crypto innovation. Moreover this Crypto Foot initiative will have an obvious impact on several side businesses. And finally, the interaction with football fans and crypto investors will be interesting to follow.
The PSG tokens can be traded on the Socios.com platform, but only against the native chiliZ (CHZ) asset. While sales of these tokens are expected to start before the start of the next season, no price has yet been announced.