Messi transfer deal includes crypto fan tokens

The lucrative remuneration package that secured Lionel Messi’s transfer from Barcelona to Paris Saint-Germain (PSG) includes a cryptocurrency payment in $PSG fan tokens.

According to The Daily Mail, Messi is being paid around $1.38m per week as part of a two-year deal he struck with his new club.

His payment will be transferred in both FIAT currency and the Socios.com-powered $PSG fan tokens that are becoming an increasingly vital part of the soccer ecosystem around the world.

Based on the $Chiliz cryptocurrency, $PSG fan tokens are used to make executive decisions in the club, although on a smaller scale.

Fans acquiring these tokens more or less become shareholders for the club when it comes to transfers, team makeups, and other things that may impact the game directly.

There is not yet a critical mass to sway club’s decisions too strongly, but Messi’s approval of the $PSGF token is a huge leap forward for the entire ecosystem built by Socios.com. In fact, Messi is adding tangible value to the digital assets.

Just yesterday, PSG confirmed that he had received “a large number of $PSG fan tokens” and will continue to be awarded $PSG fan tokens throughout the duration of his contract.

The total value of the deal is still unknown as it’s subject to other benefits apart from the $1.38m payment per week.

Socios.com has been successful in expanding its reach with sports fans and rapidly minting new coins as part of fresh partnerships with leading soccer clubs around the world.

If you are a fan of sports and sports betting, you can try placing a wager in crypto with Cloudbet.io, 1xBit or FortuneJack.

Source

Updated: 08/13/2021 — 07:00