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Revealed: How PSG Used Cryptocurrency, Fan Token To Sign Messi

Revealed: How PSG Used Cryptocurrency, Fan Token To Sign Messi

Paris Saint Germain has disclosed that they had to depend on the fan token and cryptocurrency to sign Lionel Messi to the club.

The six-time Ballon d’Or winner, who left Barcelona after failing to reach an agreement with the Catalan club, signed a two-year deal with the Paris club on Tuesday.

The extension will see him net an annual salary of $41 million plus bonuses, and a reported $30 million signing-on fee.

The French club noted that the Argentine’s “welcome package” includes the cryptocurrency ”$PSG Fan Tokens.”

“In a world-first for such a high-profile signing, Leo Messi received a large number of ‘$PSG Fan Tokens,’ the statement read.

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According to the club, the inclusion of the $PSG Fan Tokens in the player’s welcome package instantly ties him with millions of Paris Saint-Germain fans around the world.

It has also triggered a price surge in the crypto tokens that PSG first issued to its fans over a year ago.

The $PSG token, created in Jan. 2020 with crypto platform Socios.com, was designed to help PSG build a new fan community.

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