On December 17, 2020, Coco, Binance OTC Business Lead, held a dialogue with Alexandre Dreyfus, founder of Chiliz & Socios.com and the world's first sports and entertainment digital asset exchange Chiliz.net, along with Siyi Chen, head of Chiliz community and China market operations.
The two tokens recently launched through Binance's new token mining initiative—PSG and JUV—are fan tokens for Paris Saint-Germain and Juventus respectively. These fan tokens are digital utility tokens specifically designed to empower club supporters, enabling fans to express opinions and participate in club decisions remotely. Unlike ordinary tokens in the market, fan tokens serve as credentials that go beyond consumption and trading—they act as bridges connecting fans worldwide with their clubs.
Alexandre and Siyi stated that fan tokens offer an excellent way for everyday consumers to understand real-world blockchain applications, representing a practical and functional use case of blockchain technology. In the future, the token economy model will continue to evolve with more innovative features and functionalities, making it highly promising and worth anticipating.
