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French Football Club PSG will release its cryptocurrency

One of the richest football clubs in the world, Paris Saint-Germain (PSG), together with the Maltese blockchain-platform, will launch its own crypto currency for its fans.

According to the French media publication Capital, the club, which last year paid Barcelona $ 257 million for the Brazilian striker Neimar, concluded a deal with Chiliz, the main division of the Socios.com blockbuster platform. According to the statement, fans will be able to buy tokens via a mobile application, which will be launched in the spring of 2019.

Tokens holders will be eligible to vote on a number of issues related to PSG. Nevertheless, the club says that the holders of the tokens will not be able to influence the key decisions, for example, to buy or sell players. Instead, they can influence the choice of rivals for friendly matches, or the design of the future form of players. Token owners will also be able to take advantage of exclusive benefits (take part in matches, meet with players, etc.).

The more tokens the fan will have, the more significant will be his voice when choosing Fans of the club will also be able to make purchases in the app or through currency exchange exchangers, and Chiliz declare that the tokens will help the club “communicate with fans not only in Paris, but all over the world“

PSG seven-time winners of the French league and won the UEFA Cup Winner’s Cup in 1996. In 2011, they were bought by a business group related to the royal family of Qatar.

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