The arrival of Lionel Messi at PSG has made the headlines in recent days! It must be said that it is not every day that the best player in the world changes club, let alone to come to Ligue 1! If the Parisian fans are obviously delighted by this transfer, the crypto fans are also interested. Why? Part of Messi’s signing bonus is paid in … crypto!
A “welcome package” partly in crypto!
Lionel Messi signed at PSG free of any contract. He was thus able to negotiate a signing bonus for the least round about 30 million euros! Interestingly, the capital club has confirmed that part of this bonus was paid in crypto! The crypto in question is the club’s token, the Paris Saint-Germain Fan Token (PSG).
“The inclusion of ‘$PSG Fan Tokens’ in the player’s package creates an immediate link with the community of millions of fans around the world. This initiative further positions Paris Saint-Germain as one of the most innovative and forward-thinking sports brands in the world.” PSG press release
PSG did not reveal more information about the amounts involved. So it is not known how much was actually paid in crypto. However, the club has made it known that it is a “significant” portion.
What is the Paris Saint-Germain Fan Token (PSG)?
The Paris Saint-Germain Fan Token is the result of a collaboration between the capital club and Socios.com. This collaboration started in 2018 and allows PSG to bring the club closer to the suporters. Indeed, by owning PSG fan tokens, supporters have a right to vote on certain minor decisions.
“The excitement over the arrival of new players during the summer mercato has caused trading volumes of $PSG Fan Tokens to surge, even topping $1.2 billion in the days leading up to the announcement of Messi’s arrival.” PSG statement
At the time of writing this article, the PSG fan token price is €33.8. Unsurprisingly, its price jumped as soon as the rumors about Messi’s arrival started to emerge a few days ago. Thus over the last 7 days, the price of PSG Fan Token has jumped more than 75%! The capitalization of the PSG Fan Token is estimated at more than 98 million euros which ranks it 319th in the world of cryptos.