PSG to pay part of Messi’s compensation in cryptocurrency

A first for the signing of a player of this stature in a football club. Paris Saint-Germain (PSG) has included in the financial package with Léo Messi the payment of part of its remuneration in cryptocurrency. The player with the six golden balls “was given many $ PSG Fan Tokens” explained the Parisian club in a press release, without specifying the amount. “The integration of $ PSG Fan Tokens in the player’s package creates an immediate link with the community of millions of supporters around the world,” writes the club led by Nasser Al Khelaïfi. PSG explained in this press release that the tokens are included in its “welcome package”. The Argentinian was recruited at a gold price and committed this Tuesday with the club for a period of two years, with an optional third year, after the end of his contract with FC Barcelona.

Right to vote

To launch this virtual currency, the Parisian club has teamed up with the Maltese start-up Chiliz, which has developed, a blockchain-based platform that allows “fan tokens” to be issued. The principle of a Fan Token is to put into circulation tokens issued by a club to involve the supporters who hold them in certain decisions in the life of the club.

Token holders can “choose the message displayed on the locker room wall to motivate the players before a decisive match, vote for the goal of the season or even designate the winners of the end of season prizes” explains the Parisian club . On the other hand, nothing to weigh in the choice of transfers or in the designation of senior executives.

The Messi effect

And since the first rumors about the signing of the Argentinian player in Paris, transactions around the digital token developed by PSG have soared. In the days leading up to the news of Messi’s arrival, $ PSG token exchanges topped $ 1.2 billion, according to the club.

The day of the official signing of the Argentine prodigy, the amount of the token exceeded 55 dollars before falling back below 40 dollars on Tuesday, according to Coingecko. The total value of tokens in circulation, or capitalization, is evolving around $ 117 million, which places the PSG token in 333rd position in the ranking of the most important cryptocurrencies in circulation on the market.

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