Paris St. Germain F.C. Introduces Fans’ Crypto Voting Scheme
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Paris St. Germain F.C. Introduces Fans’ Crypto Voting Scheme

January 29, 2020      Yvette Mwendwa

The French football club, Paris Saint-Germain (PSG) has just introduced a new cryptocurrency token that allows the club’s fans to vote on multiple aspects of the giant football club. The tokens which will be availed through a Pokemon Go-style app dubbed Socios will grant fans a straight voice in the club’s decision making.

Moreover, the partnership between Paris Saint-Germain and Socios app will allow over 78 million PSG fans to participate in the club’s decision making. PSG is among several other top professional football clubs to sign for Malta-based Chilliz.net. This firm runs the Socios app. Socios app will enable its users to search for the tokens, purchase them in a system created for die-hard soccer fans.

In addition to Paris Saint-Germain, Chilliz has also signed the likes of Juventus, A.S. Roma, Atletico Madrid, Galatasaray and Premier League’s West Ham United. During the initial launch, 20 million PSG tokens will be given out worth £1.69 each. The tokens of all the clubs in a partnership with Chilliz; will be available to buy and sell on the Chilliz.net platform starting next month. The French soccer giants signed a 5-year contract worth over £2 million pounds annually.

Professional Sports Adopting Crypto and Blockchain

In addition, the PSG deal reminds us more of the Arsenal and cash bets deal back in 2018. However, the PSG fan’s tokens will allow the club’s fans to vote on things; such as where they would like friendly matches to be played and strip designs. That allows the fans a utility that will bring them in a more deeper club experience through voting.

In conclusion, professional soccer is just one of the many sports’ that have embraced the crypto culture. Sacramento Kings NBA team have partnered with ConsensYs for a crypto-collectables that runs on the Ethereum blockchain. Additionally, Major League Baseball has also boarded the crypto wagon through the launch of crypto-collectables baseball cards. crypto-cards are recounted as CryptoKitties meets baseball. They are also powered by the Ethereum blockchain.

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#Adoption of crypto #Blockchain in Soccer #ERC20 tokens
Yvette Mwendwa
Yvette Mwendwa

I'm a believer in decentralization. An enthusiastic author, web geek & writer with experience writing for tech, digital, and cryptocurrency blogs.