Paris Saint-Germain Fan Token (PSG) is a utility token for fans of Paris Saint-Germain Football Club (“Paris Saint-Germain”) to participate in the club through the use of Socios’ applications and services Tokenized share of decisions. Socios is a blockchain-based fan engagement and rewards platform for the sports and entertainment industry backed by Chiliz. PSG is a functional token built on Chiliz Chain (Chiliz Chain is a Proof-of-Authority side chain based on Ethereum).
PSG is mainly used for the following:
Governance: PSG holders can vote on various binding "fan decisions" issued by Paris Saint-Germain through smart contracts.
Rewards: PSG holders can participate in activities on Socios to earn rewards.
Token Staking: In the future, PSG can be staked to earn non-fungible token (NFT) rewards.