Paris Saint-Germain F.C. Launches crypto voting scheme for fans
Paris St. Germain Football Club has just launched a crypto-token that allows fans to vote on a number of different aspects of the football club. The tokens will be available in a Pokemon Go style app, called Socios, and give fans a direct voice in club decisions.
In one of the hottest new trends in professional sports, the Paris St. Germain Football Club (PSG) has just signed a deal with Socios, an app which will allow the club’s 78 million fans to participate and vote on decisions made by the team.
PSG is one of several teams to have signed a deal with Chiliz.net, a company based in Malta. Chiliz is the company behind the Socios app, which will allow users to find and also purchase the
tokens in a Pokemon Go styled gamification of football fandom geared at die-hard fans.
Other teams that Chiliz has signed include Juventus ($JUV), Atletico de Madrid ($ATM), A.S. Roma ($ASR), Galatasaray ($GAL) and West Ham United ($WHU). The initial launch will see 20 million PSG tokens issued, and they will have a price of £1.69.
crypto tokens, as well as the tokens for the other teams on the Chiliz roster, will be available to buy and sell on Chiliz.net starting in February. The PSG football club inked a 5 year deal with Socios, and expects to earn over £2 million pounds a year from the partnership.
This PSG partnership with the Socios app, and the token launch, is reminiscent of the announcement of Arsenal FC’s deal with Cashbet two years ago. PSG’s token, however, will allow the team’s fans to decide things like where friendly matches are played and the design of the uniforms, giving them a utility that will draw fans in for a deeper experience, giving them a say through voting.