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Highlights
- The Paris Saint-Germain Fan Token (PSG) is a utility token for the French football club, and it gives the fans a unique way to interact with the stars or the club.
- Built on the Chiliz (CHZ) blockchain network, the fan tokens give the users some rights and club benefits.
- According to CoinMarketCap, the PSG is trading at US $25.09 with a 24-hour trading volume of US $27,822,696.
The Paris Saint-Germain Fan Token (PSG) is a utility token for the French football club, and it gives the fans a unique way to interact with the stars or the club. Partnering with the Socios app, it gives the users a chance to interact and share their influence on club’s decision-making process.
Built on the Chiliz (CHZ) blockchain network, the fan tokens give the users some rights and club benefits. They also get to choose what message goes on the captain’s armband and allows the users to compete for exclusive rewards, club recognition, and more.
Although PSG fan token was launched in 2020, it rose to prominence after Lionel Messi signed for the Qatari-owned club, skyrocketing its prices and its investment value overnight. The former Barcelona star inked a two-year contract with the French giants for an annual salary of US $41 million. Part of Messi’s bonuses also included a welcome package which was paid in the form of PSG Fan Tokens.
Also Read: How UK is leading cryptocurrency adoption in Europe
Why PSG fan token is so unique
With PSG token the users can trade just like a virtual asset and enjoy club reward points and are also involved in the decision-making process of the club. Through the PSG fan token, users can customise the message for the captain's armband or watch the game in VIP zones or visiting the player area in the football stadium etc. This gives the users a personalised feel towards the game and can interact with their favourite player.
Besides, the PSG fan token can be traded on the Socios marketplace, thereby also benefitting by earning income in the process. As its built on Chiliz blockchain, PSG has an initial binding thus ensuring that any growth in the Chiliz blockchain will automatically reflect on the PSG as well.
Also read: Is Revoult contemplating to launch a token of its own?
Besides, NFT staking rewards facility is also available on PSG along with the NFT for blockchain-based games and NFTs with ownership of real assets.
Why PSG fan token is worth considering as an investment
PSG fan token is powered by its native token PSG and is ranked 408 on CoinMarketCap. According to CoinMarketCap, the PSG is trading at US $25.09 with a 24-hour trading volume of US $27,822,696. At the time of writing (BST 8:00 am), PSG was down by 6.65% in the last 24 hours. However, there has been a huge volume spike in the token which has shot by nearly 67.95%. PSG has a live market cap of US $77,926,020 with a circulating supply of 3,106,350 PSG coins.
With Fan tokens becoming a popular thing among fans, the PSG fan token is a viable form of investment for the fans. It has a great investment future ahead in the bullish crypto market. PSG is expected to reach US $30 by the end of 2021. And in five-years, it can register gains up to +443% if the bullish trend continues.
