The integration of cryptocurrency into almost all spheres of life is slowly becoming a reality. Nearly all industry has tapped or making moves to tap into the technology. Either finance, health, agriculture, and every business at large has utilized this technology to advance their craft.
Sports, on the other hand, have adopted this technology at a much slower rate. On a much lighter note, sports affiliates such as sports betting and sports blogging platform have really tapped into this technological advancement. Although the adoption is still minute, but it's progressive.
The introduction of the Juventus [JUV] and Paris Saint-Germain [PSG] Fan Tokens by socios.com changes the dynamic of it all. Socios doesn't just infuse crypto-currency in sport, but it gives a voice to a club's football fans. Socios.com aims at giving football fans a chance/right to influence decision making at their favorite team.
According to socios.com;
Every club that joins Socios.com generates a supply of Fan Tokens, blockchain-secured digital assets that give you the right to vote on club matters. Hunt, buy or earn. The more Fan Tokens you own, the more influence you have.
When you own Fan Tokens, you join a pool of supporters whose collective decision-making power is absolute. Our partner teams will seek your input on club matters by running binding and non-binding polls - binding poll results are an instruction that clubs agree to follow
As well as voting rights, Fan Tokens serve as your 'membership card' to access rewards, merchandise & experiences, including leaderboards, games, and much more.
source
In a nutshell, socios.com employee the use of blockchain technology for fans to make an impact on team decisions while being rewarded.
Juventus and PSG appear to be the first two teams to have given this new initiative a goal, and this is good things for sports. Giorgio Ricci, Juventus Chief Revenue Officer, Head of Global Partnerships and Corporate Revenues of Juventus, embraced this innovation. In his words, he said;
Together with Socios.com, we believe that we can offer new opportunities to our worldwide fan base to engage in cutting-edge way with their favorite club.
source
While Marc Armstrong, Chief Partnerships Officer of Paris Saint Germain, opined that
Socios.com will have an important impact on the Club’s overall business strategy and the way we engage with our fanbase.
source
This merge between the two clubs and Socios.com is going to the first time blockchain technology will be used to influence the sporting world directly.
This development might not be perfected on the first trial, but we know that it will bring about many-dimensional improvements in sports as a whole.
Watch this space as the TOKENOMICS of this two fans token will be talked on and the reason why you should invest in It now.