PSG Fan Tokens: Crypto Tokens for Paris Saint-Germain Fans
Soccer club Paris Saint-Germain is one of the early pioneers in introducing Fan Tokens to their fans. The team helped raise awareness of Fan Tokens to a whole new level in August 2021, when mega soccer star Lionel Messi left FC Barcelona to join Paris Saint-Germain. His multimillion dollar welcome package included PSG Fan Tokens, which made fans worldwide curious about this sports cryptocurrency.
Even as hundreds of sports clubs have since released their own Fan Tokens, Paris Saint-Germain remains one of the top five teams in terms of Fan Token sales volume.
If youâre a soccer fan, itâs time to find out more about the PSG Fan Token thatâs shaking up the sports world.
What Is the PSG Fan Token?
PSG is the Paris Saint-Germain Fan Token, which grants holders a wide range of benefits including VIP tickets and limited merchandise. Token holders are rewarded for their activity on the Socios.com app, boosting their chances of winning exclusive merchandise and experiences.
PSG Fan Token holders can also vote on club decisions, giving fans a way to voice their opinions â from choosing the best defensive play of the season, to an inspirational message for a match day. In July 2021, fan token holders even had the opportunity to vote on the cover for the fan edition of FIFA 22.
Source: fantoken.com/psg/
How Does the PSG Fan Token Work?
In January 2020, Paris Saint-Germain became one of the first sports teams to create a Fan Token on Socios.com. To purchase PSG Fan Tokens, youâll need to buy Chiliz (CHZ) with a debit or credit card using the Socios.com app, then exchange your CHZ for PSG Fan Tokens.
PSG holders vote on official club decisions using the Socios.com app. Each vote is cast once, but is weighted depending on how many Fan Tokens the user holds. For example, if you hold 10 Fan Tokens, your vote will count as 10. By voting, taking quizzes and playing games using the app, you can also unlock additional fan rewards.
Source: Socios.com
PSG Fan Token Price History
The PSG Fan Token was successfully launched at around $5 in June 2020, its price quickly doubling to $10 in two months. There have been several significant fluctuations in price and momentum since the tokenâs release, especially in the days before Messi signed for PSG.
Club performance plays a pivotal role in the PSG Fan Token price. For example, PSG jumped from $10 to $27 within just a few days in March 2021 when the team progressed to the UEFA Champions League quarter-finals.
PSGâs price continued to rise until just before the teamâs first semi-final match, reaching an all-time high of $56.04 on April 26, 2021. The price began to fall when the club lost the semi-final match and failed to advance to the Champion League Finals.
Source: CoinGecko
In August 2021, Lionel Messi joined Paris Saint-Germain. He was gifted PSG Fan Tokens as part of his welcome package, which led to another huge uptick in demand for the tokens. Before Messiâs official signing, the trading volume had reached $1.2 billion as the token rose to its second-highest price, $50.20, on August 10, 2021.
Since then, however, the PSG price has been on a steady decline. As of September 28, 2022, itâs around $8.30, with a total circulating supply of 3,111,216 tokens. It has a current market cap of $25.62 million.
PSG Fan Token Price Prediction
Future price predictions can be difficult to make, as demand for PSG Fan Tokens tends to fluctuate depending on club performance. Another contributing factor is the extent of a tokenâs exclusive features: The more desirable features a Fan Token has, the more likely the token is to rise in price.
Because of the large fan base and overall appeal of the PSG Fan Token, experts at DigitalCoinPrice are predicting prices as high as $31 by 2026. However, other cryptocurrency experts are a little less hopeful. For instance, WalletInvestor predicts that PSG could quickly become devalued, due to PSG's lower market cap and bearish behavior in the past year. Their forecast predicts a further downward trend, with PSGâs price potentially falling to barely a few cents by September 2027.
Is the PSG Fan Token a Good Investment?
The PSG Fan Token wasnât made to be a cryptocurrency investment. Rather, it was created to give PSG fans a unique way to interact with their favorite club. While it can be difficult to predict an accurate price point for the token, Fan Tokens will always be valuable to those who want to influence club decisions and unlock exclusive rewards.
From an investment standpoint, PSG Fan Tokens may be too volatile to be considered a good investment because the tokens arenât affected by traditional market factors. Club performance and club-related news can greatly influence the trading volume of the token. PSG, like many other Fan Tokens, may only be a good investment for true fans.
Where to Buy PSG Fan Tokens
If you're a Paris Saint-Germain fan and wish to acquire PSG Fan Tokens, you can buy them at many top crypto exchanges, including Bybit, where you can trade PSG on the spot market with USDT.
The Takeaway
Fan Tokens are a great way for people to become more connected with their favorite sports teams, and the Paris Saint-Germain Fan Token is an innovator in this regard. PSG Fan Tokens are volatile in price, but they can unlock great benefits for true fans. If you want to influence club decisions, score VIP tickets or unlock exclusive merchandise, investing in a few PSG Fan Tokens can be a worthwhile investment.