Paris Saint Germain Fan Token (PSG) is a cryptocurrency on the Chiliz Blockchain that allows fans to deeply interact with the team and influence club decisions. Fan tokens offer the chance to support clubs and earn voting rights and exclusive rewards through meaningful interactions. Paris Saint Germain Fan Token (PSG) stands out from other tokens with its limited supply and value increase based on fan engagement. In this article, you can find answers to two frequently asked questions: what is Paris Saint Germain Fan Token (PSG) and how to buy it with TRY.
What is Paris Saint Germain Fan Token (PSG)?
Paris Saint Germain Fan Token is a cryptocurrency directly linked to the Paris Saint-Germain football club, allowing fans to deeply interact with the team. The token’s value often rises when the club makes significant moves, such as signing star players like Lionel Messi. This increase stems from fans’ desire to support their clubs and influence decisions through meaningful interactions. Today, sports fan tokens are popular among fans willing to pay for the chance to voice their opinions and ideas for their beloved clubs. As professional sports become more commercialized, fan support remains a crucial element that financially sustains and boosts teams’ ambitions.
The Paris Saint Germain Fan Token project aims to enhance interaction and direct participation between fans and their teams, similar to other fan tokens. PSG’s Chief Partnership Officer Marc Armstrong emphasized that the token strengthens the club’s commitment to its fans by allowing them to influence important club decisions. This innovative approach helps clubs like PSG engage with their fans in new and meaningful ways, especially during times when traditional fan participation is challenging, such as during COVID.
Launched by Socios in 2020, the Paris Saint Germain Fan Token operates on the Chiliz Blockchain, an ERC-20 token on the Ethereum Blockchain. Fans must purchase Chiliz (CHZ) from cryptocurrency exchanges through Socios to obtain PSG tokens. Unlike NFTs, fan tokens are interchangeable and can be traded for special products and fan experiences. The Socios platform issues a limited number of PSG tokens, allowing users to exchange and use them for football-related offers. Active users earn points that can be exchanged for rewards such as VIP tickets and additional tokens.
What sets the Paris Saint Germain Fan Token apart is its voting rights. Token holders can participate in club management by voting on matters such as the captain’s armband or the goal of the year. This unique feature ensures that the token’s value is driven by fan engagement rather than broader cryptocurrency market trends. Additionally, token holders gain access to NFTs, digital badges, and VIP matchday tickets.
The Paris Saint Germain Fan Token has a limited supply of 20 million tokens and a distribution plan spread over eight years. After the Initial Fan Token Offering (FTO), a portion of the tokens is distributed, while the remainder is allocated to the club. Token holders can also stake PSG for rewards, including Gamified NFTs and Pure Collections. Future plans include allowing token holders to use club products and services and participate in exclusive promotions and events.
How to Buy Paris Saint Germain Fan Token (PSG) with TRY?
Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy Paris Saint Germain Fan Token (PSG). Over 100 cryptocurrencies, including PSG, can be bought and sold on Binance TR, where an account can be quickly created. Follow these steps to buy Paris Saint Germain Fan Token (PSG) with TRY on Binance TR.
How to Open an Account on Binance TR?
Opening an account on Binance TR is quite easy. Go to trbinance.com and continue from the “Create Account” step. In the first step of account creation, you will be asked to enter basic information such as email address, phone number, name-surname, date of birth, nationality, and T.C. identity number.
After entering the requested information completely and accurately, an email/SMS verification will be conducted to confirm the information. After completing this process, you will proceed to the second step, identity verification (KYC).
How to Verify an Account on Binance TR?
Identity verification on Binance TR is one of the security procedures that must be completed before starting cryptocurrency trading and during account creation. This process is also necessary to protect both the user and the cryptocurrency exchange. You can perform the verification process from your phone or the official Binance TR website. Note that you will need your mobile phone to verify your identity on the website.
On the Binance TR website, hover over the “Profile” option at the top right, click on “Identity Verification and Limits” from the dropdown menu, and then click on “Verify.” After this step, you will need to scan the QR code that appears with your phone’s camera and continue the process on your phone. If you cannot scan the QR code, click on “Copy URL” to send the identity verification address to your phone via SMS.
When you enter the address on your phone or scan the QR code, a screen like the one below will open on your phone. First, tap on “Identity” to continue.
Then, a screen like the one below will appear. To continue the verification process, first select the document type that suits you.
After selecting the document type, tap on “Upload Front” to continue. After taking a photo of the front side of the document you selected, tap on “Upload Back” and take a photo of the back side of the document and upload it. Make sure the images are clear and the information in the photo is easily readable when taking photos of the front and back sides of your ID card or driver’s license.
Then, tap on the “Selfie” option to continue. At this point, your phone’s front camera will open, and you will need to scan your face. Ensure that your face fills the camera area as much as possible once the camera opens.
After completing all these steps accurately and completely, your identity verification process will be completed shortly.
How to Deposit TL on Binance TR?
You can easily deposit TL into your Binance TR account from all banks. You can deposit TL 24/7 and make uninterrupted transactions from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts. Deposits from other banks can be made 24/7 up to 50,000 TL via FAST. Deposits over 50,000 TL from other banks are processed during EFT hours.
To deposit money into your Binance TR account, first, go to trbinance.com, hover over the “Wallet” option at the top left of the homepage, and click on “Deposit” from the dropdown menu.
Then, a page like the one below will open, and you can continue the deposit process by selecting your preferred bank. If your preferred bank is not yet integrated with Binance TR, you should click on the “Other Banks” option to continue.
In this example, we will continue using Vakıfbank, but the process is the same for all other banks. When you click on the Vakıfbank option, you will see an account name and IBAN address where you can make a transfer, EFT, or FAST. All you need to do now is use the information displayed on the page of your preferred bank to transfer the amount you want to deposit into your Binance TR account via transfer, EFT, or FAST.
After your bank completes the transfer, the funds you sent will automatically be reflected in your Binance TR account wallet.
How to Buy PSG Coin with TL on Binance TR?
After the deposit process, click on the “Buy-Sell” option in the top left menu of the Binance TR website to proceed with buying PSG coin with TL.
After clicking on this option, the following page will open. In the search section on the right side of this page, type “PSG” and click on the PSG/TRY option from the results to go to the PSG purchase page with TL.
Now, the following PSG trading page will open. In the red-marked area on this page, you need to enter the price at which you want to buy PSG in the first box and the number of PSG you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy PSG” button.
What is Binance TR?
As the world’s largest cryptocurrency exchange by trading volume, Binance officially launched its platform Binance TR for cryptocurrency investors in Turkey in 2020. The cryptocurrency exchange, headquartered in Istanbul, can be accessed at trbinance.com.
Binance TR leverages Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure to offer trading services from fiat to cryptocurrency and from cryptocurrency to cryptocurrency. Users in Turkey can seamlessly deposit and withdraw Turkish Lira (TRY) directly through bank channels and trade various cryptocurrencies with TRY trading pairs via Binance TR.
Users are supported by Binance’s core functionalities with Binance TR, gaining access to market-leading spot trading liquidity, a robust matching engine, advanced security protocols, custody solutions, and risk controls.
