Home Binance to launch Juventus and Paris Saint-Germain Fan Tokens on December 15
Crypto News

Binance to launch Juventus and Paris Saint-Germain Fan Tokens on December 15

FX Street
Updated:
  • The newest Binance launchpool includes two tokens, JUV and PSG.
  • Both tokens are created on the Chiliz network and they provide access to premium services.

Chiliz is a blockchain platform focused on sports tokenization where users can buy and trade branded fan tokens. Binance has announced the launch of two different launchpools featuring football teams Juventus Fan Tokens (JUV) and Paris Saint-Germain Fan Tokens (PSG).

What are fan tokens and how do they work? 

The main purpose of fan tokens is to grant users access to voting rights and other fan-centric utilities that different teams can pick. Fan tokens are associated with a specific team and they have a finite supply.

These tokens are fungible and can be exchanged against Chiliz (CHZ) tokens on any fan token exchange provider that’s approved on the Chiliz blockchain. Binance has just announced the launch of JUV and PSG farming platforms which will both be listed against BTC, BUSD and USDT on December 21 at 6:00 AM, UTC. 

Binance customers will be able to stake BNB, CHZ or BUSD to farm the tokens. The event will last for 30 days until January 13, 2021. Both Juventus and Paris Saint-Germain Fan Tokens can be staked in the future and will reward users with Non-Fungible Token (NFT) rewards.  

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.

© forexcrunch.com All Rights Reserved 2017 – 2024