The French soccer cryptocurrency // Paris Saint-Germain Fan Token (PSG)

In the world of cryptocurrencies, there are thousands of projects, mostly aimed at establishing new exchange mechanisms in each of the sectors of modern society. In the world of sports, many projects are currently being led by sports organizations with the aim of facilitating the management of their financial structures.

Among the sports organizations that decided a couple of years ago to launch its cryptocurrency is Paris Saint Germain (PSG), the dominant club in French soccer, whose board of directors partnered with the blockchain company socios.com, which allowed this leading soccer club to launch its PSG token (Paris Saint-Germain Fan Token), as a mechanism to provide its fans with access to the club's tokens.

At the time of writing this article, and according to data from the portal https://coinmarketcap.com/ the PSG reflects a price above $41.97 USD with a 24-hour trading volume of $367,653,401 USD, Paris Saint-Germain Fan Token is down 2.39% in the last 24 hours, ranking #307, with a market capitalization of $121,987,784 USD, with a circulating supply of 2,906,328 PSG coins and a maximum supply of 20,000,000 PSG coins.

Another fact to mention, is that the main exchange platforms for trading Paris Saint-Germain Fan Token are currently Binance, Upbit, HitBTC, Gate.io.

It should be noted that since the rumor of Messi's arrival at the club began to spread, the price of the PSG fan token skyrocketed, to the point of being considered an unprecedented movement in the price action of this sports cryptocurrency.

According to Reuters news agency, trading volumes of the PSG token exceeded US$1.2 billion in the days before Messi signed his contract with the French club, with the value of the token estimated to have increased by more than 130% in just five days.

➊ Dennys G French soccer giant to launch its own cryptocurrency. Link

➋ BBC News Messi at PSG: what are the "fan tokens" that the Argentine received, the "cryptocurrency" that PSG uses. Link

➌ CoinMarketCap Paris Saint-Germain Fan Token. Link

The cover image was designed by the author: @lupafilotaxia, incorporating the public domain image background: Source / Author: OpenClipart-Vectors, 2017