What is PSG Fan Token (PSG)?

PSG Token (PSG/USDT – Trade it Here) is the cryptocurrency of Paris Saint-Germain Football Club, or known as Les Parisiens. It gives the holders power to influence the decisions made by the team and the right for VIP access and merchandise of the Football Club. In this article, we will discuss everything you need to know about PSG Fan Token plus a guide on how to buy PSG tokens.

What is PSG Fan Token (PSG)?
What is PSG Fan Token (PSG)?

Who created PSG Fan Token (PSG)?

Paris Saint-Germain Football Club in collaboration with Socios.com created the PSG Fan Token in 2020. The Paris Saint Germain team was the first sports franchise to partner with Socios, which is powered by the Chiliz blockchain. Chiliz (CHZ) is an ERC-20 token on the Ethereum blockchain, which fans have to purchase on crypto exchanges to get the PSG fan token on the Socios platform.

Use cases of PSG Fan Token (PSG)

Apart from having a value, decisions taken at the Paris Saint-Germain HQ in Paris will be influenced by the token holders. Some of the decisions are :

Captain’s Armband PSG gives the token holders to vote for a message that will be written on the Captain’s armband.

Defensive Play of the Season The best defensive action of the season for the fans to choose.

Goal of the season Token Holders will have a chance to vote on the best goal for the season

Skill of the season Votes on the skill of the season, special for token holders.

Match Day Message Token Holders get the opportunity to choose an inspirational message

Fifa 22 Cover $PSG Holders get to choose the cover for the fan edition of Fifa 22, available on consoles.

How does PSG Fan Token (PSG) work?

Unlike NFT, fan tokens are fungible, meaning just like fiat or cash, they can be exchanged for exclusive merchandise or fan experiences.

The Socios platform generates a limited amount of $PSG, which users can trade among themselves to redeem football-related offers. The more users interact on the platform, the more they earn points to win prizes like VIP tickets and an opportunity to hunt more coins. Fan tokens can be thought of almost as NFTs with great rewards attached to them.

Tokenomics with recent price & performance of PSG Fan Token (PSG)

The tokenomics of PSG :

  • Name: PSG Fan Token.
  • Ticker: PSG.
  • Token standard: ERC-20.
  • Token type: Utility.
  • Max supply: 20,000,000 PSG.
  • Circulating Supply: 3,832,851 PSG.

PSG reached the highest price (ATH) of 56.02 USDT on April 27, 2021. The lowest price since the date of ATH was 4.9 USDT on May 13, 2022. The 30 days performance sees the highest price at 8.78 USDT on September 26, 2022 and lowest at 6.21 USDT on October 13, 2022. At the time of writing, its’ performance is at 6.669 USDT with a market cap of $25,731,106 & fully diluted market cap of $134,266,145.

How to buy PSG Fan Token (PSG)?

You can buy PSG Fan Token (PSG) on MEXC by the following the steps:

  1. Log in to your MEXC account and click [Trade]. Click on [Spot].
  2. Search “PSG” using the search bar to see the available trading pairs. Take PSG/USDT as an example.
  3. Scroll down and go to the [Spot] box. Enter the amount of PSG you want to buy. You can choose from opening a Limit order, a Market order or a Stop-limit order. Take Market order as an example. Click [Buy PSG] to confirm your order. You will find the purchased PSG in your Spot Wallet.

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