Connect with us

News

The Paris Saint Germain Contract Of Lionel Messi Includes A Cryptocurrency Payout

Mauricio Pochettino, not Lionel Messi, is under the most pressure to win at Paris Saint-Germain, according to Steve Nicol.
(2:08) According to a source close to the situation, Lionel Messi’s transfer to Paris St. Germain included a payment in cryptocurrency fan tokens, delivering yet another high-profile endorsement for new digital assets.
On Tuesday, Messi, 34, announced his departure from Barcelona and signed a two-year contract with PSG, with a third-year option.
– Into Messi’s final days at Barcelona, and why he joined PSG – Inside Messi’s final days at Barcelona, and why he joined PSG PSG said in a statement that the tokens included in his “welcome package,” or signing on fee, were delivered by Socios.com, the club’s fan token distributor.
The club did not specify how much of the agreement was made up of tokens, but did say he had gotten a “substantial number.” It also did not reveal the total money sum.
Fan tokens are a sort of cryptocurrency that allows holders to vote on relatively minor club decisions.
Manchester City, the English Premier League champions, and AC Milan, the Italian champions, are among the clubs launching tokens this year.
Fan tokens, like bitcoin and other digital currencies, are traded on exchanges.
They also share a tendency for extreme price swings with other cryptocurrencies, prompting several financial regulators to issue investor cautions.
After news of Messi’s departure to PSG, the club reported there had been a huge level of trading of its fan tokens.
“The excitement surrounding the club’s latest signings sparked a massive increase of interest in $PSG Fan Tokens, with trading volumes reaching $1.2 billion in the days leading up to the move,” it stated.
The price of fan tokens may or may not be related to on-field performance or results.
PSG’s token, which has a market capitalization of over $52 million, has risen over 130% in only five days amid speculation about Messi’s coming, reaching an all-time high of over $60 on Tuesday.
According to the CoinMarketCap website, they were recently down 10% at around $40.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Must See

More in News