The Paris Saint-Germain Fan Token (PSG) is a utility token that provides tokenized shares of influence in club decisions for fans of Paris Saint-Germain Football Club ("Paris Saint-Germain") through the use of Socios app and services. Socios is a blockchain-based fan engagement and rewards platform for the sports and entertainment industry, powered by Chiliz. The PSG token is a utility token built on the Chiliz Chain, which is a Proof-of-Authority sidechain built on Ethereum.
The PSG token is primarily used for:
Governance: PSG token holders can vote on various binding "fan decisions" issued by Paris Saint-Germain via smart contracts.
Rewards: PSG token holders can participate in activities on Socios to earn rewards.
Token staking: In the future, PSG tokens may be staked to earn non-fungible token (NFT) rewards.