PSG Token Technical Infrastructure
Posted: Sun Apr 06, 2025 8:45 am
The club can use the proceeds from the token sale in a variety of ways. This could include strengthening the team, investing in infrastructure, or improving the fan experience. These investments can indirectly affect the value of the token, as demand for the token tends to increase as the club’s success and popularity increases.
The technical infrastructure of the PSG token is built on the Chiliz blockchain. The PSG token is technically created as a token compatible with the ERC-20 standard used in the cryptocurrency network, but it runs on Chiliz's private blockchain.
The Chiliz blockchain uses the Proof of Authority (PoA) consensus mechanism. This provides faster transaction times and lower costs than traditional Proof of Work (PoW) systems. The PoA system relies on the verification of transactions by predetermined and trusted nodes, which increases the security and efficiency of the network.
PSG token’s smart contracts are phone number list regularly audited and optimized for security. These contracts manage token transfers, voting mechanisms, and other token-related functions. The transparent and immutable nature of smart contracts increases the reliability of the token and reduces the risk of manipulation.
The Socios platform provides a user interface for the PSG token. The platform integrates with the Chiliz blockchain, allowing users to buy and sell tokens, participate in voting, and perform other token-related activities, while the platform is secured using various cryptographic protocols and multi-factor authentication systems.
The technical infrastructure also includes cross-chain technologies that allow tokens to be bridged with other blockchain networks, which will pave the way for the PSG token to be used in different blockchain ecosystems in the future and expand liquidity opportunities.
The technical infrastructure of the PSG token is built on the Chiliz blockchain. The PSG token is technically created as a token compatible with the ERC-20 standard used in the cryptocurrency network, but it runs on Chiliz's private blockchain.
The Chiliz blockchain uses the Proof of Authority (PoA) consensus mechanism. This provides faster transaction times and lower costs than traditional Proof of Work (PoW) systems. The PoA system relies on the verification of transactions by predetermined and trusted nodes, which increases the security and efficiency of the network.
PSG token’s smart contracts are phone number list regularly audited and optimized for security. These contracts manage token transfers, voting mechanisms, and other token-related functions. The transparent and immutable nature of smart contracts increases the reliability of the token and reduces the risk of manipulation.
The Socios platform provides a user interface for the PSG token. The platform integrates with the Chiliz blockchain, allowing users to buy and sell tokens, participate in voting, and perform other token-related activities, while the platform is secured using various cryptographic protocols and multi-factor authentication systems.
The technical infrastructure also includes cross-chain technologies that allow tokens to be bridged with other blockchain networks, which will pave the way for the PSG token to be used in different blockchain ecosystems in the future and expand liquidity opportunities.