The Paris Saint-Germain Fan Token (PSG) is a utility token that gives Paris Saint-Germain Football Club ("Paris Saint-Germain") fans a tokenized share of influence on club decisions using the Socios application and services.
Socios is a blockchain-based fan engagement and rewards platform for sports and entertainment organizations powered by Chiliz.
PSG is a utility token on the Chiliz Chain, a Proof-of-Authority sidechain built on Ethereum, and is mainly used for the following:
Governance: PSG holders can vote via smart-contract on various contract-binding "fan decision" polls published by Paris Saint-Germain.
Rewards: PSG holders can earn rewards from engagements on Socios.
Staking: in the future, PSG can be staked to earn Non-Fungible Token (NFT) rewards.
PSG has a total token supply of 20,000,000, of which 1,288,396 were initially distributed to club fans via a Fan Token Offering. The remaining tokens are held by Paris Saint-Germain and can be acquired by participating in community activities and Binance Launchpool, as well as by purchasing directly on exchanges.
Key metrics (as at December 14th 2020)
Ticker | PSG |
|---|---|
Token Type | BEP-20 and Chiliz Chain |
Binance Launchpool Start Date | December 15th 2020 |
Binance Launchpool Allocation | 179,641 PSG (0.90%) |
Circ. Supply | 1,288,396 PSG (6.44%) |
Total Token Supply* | 20,000,000 PSG |
*The PSG total token supply of 20,000,000 may decrease due to future operational plans of Paris Saint-Germain and the Socios platform (i.e. token burns).
1. What is Paris Saint-Germain Fan Token (PSG)?
The Paris Saint-Germain Fan Token (PSG) is a utility token that gives Paris Saint-Germain fans a tokenized share of influence on club decisions using the Socios application and services. The token serves as a membership key that allows users to compete for exclusive rewards, club recognition, and more.
PSG token holders can vote via smart contract on various "fan decision" polls published by Paris Saint-Germain. Paris Saint-Germain is contractually bound to act according to poll results.
Token holders can interact with the Socios platform (voting on polls, competing in contests and quizzes, connecting/chatting with like-minded users, etc.) and earn rewards, including:
Matchday tickets.
Exclusive experiences.
Cashback offers from official online shops.
In-app CHZ bonuses.
Digital badges.
Club-specific NFTs.
Future PSG token utility includes:
Spending PSG to redeem VIP goods and services.
Integrating PSG access in partnered applications/sites.
Staking PSG for NFT rewards.
Pure Collectibles (rare aesthetic assets).
Gamified Utility (NFTs for blockchain-based games).
Real-world Utility (NFTs whose ownership signifies real-world ownership of merchandise, VIP access to stadiums, matchday tickets, etc.).
2. Economics and supply
2.1 Token allocation
PSG has a total token supply of 20,000,000, of which about 1,288,396 were distributed to club fans via a Fan Token Offering. The remaining tokens are held by Paris Saint-Germain and can be acquired by participating in community activities and Binance Launchpool, as well as by purchasing directly on exchanges.
2.2 PSG token release schedule
The PSG tokens held by Paris Saint-Germain has a monthly linear vesting schedule of 8 years, of which 2,500,000 PSG tokens are released per year, starting from June 2020.
3. Paris Saint-Germain Fan Token's community overview
Chiliz, Socios, and Paris Saint-Germain will continue their efforts to promote and embed the PSG tokens in the club's digital marketing strategy, global fan engagement strategy, and e-commerce projects.
Current community growth strategies for the Paris Saint-Germain Fan Token include:
Continuing to develop governance voting polls for token holders.
Constantly engaging with the community on social channels.
Publishing articles relating to the PSG token via mainstream media outlets.
Future community growth strategies for the Paris Saint-Germain Fan Token include:
Staking PSG to acquire exclusive Paris Saint-Germain NFTs.
Integrating PSG in the club’s official applications and online properties.
Leveraging Paris Saint-Germain players to promote the PSG token.
Conducting cross-marketing with existing databases like Ticket Season and fan clubs all over the world, especially in Asia and Latin America.
Launching regular promotions to win matchday tickets, signed jerseys, and exclusive experiences for token holders.
Adding more language support on the Socios platform.
Hosting more crypto-related events with football celebrities.
Community and social channels (as at December 14th 2020)
Chiliz Telegram (English) | 6.8K Members
Chiliz Telegram (Announcement) | 2.6K Members
Chiliz Twitter (English) | 47.4K Followers
Socios Twitter (English) | 75.2K Followers
Paris Saint-Germain Twitter (English) | 8.4MM Followers
Paris Saint-Germain Instagram (English) | 31.7MM Followers
Paris Saint-Germain Facebook (English) | 41.6MM Followers
Paris Saint-Germain Weibo | 2.1 MM Followers
Paris Saint-Germain Medium (English)