December 14, 2020 | AtoZ Markets – Cryptocurrency exchange Binance has announced a strategic partnership with blockchain company Chiliz, operator of the Socios.com platform for issuing tokens for sports and entertainment clubs and organizations.
Binance to distribute fan tokens through the Launchpool platform.
As an early investor in Chiliz, Binance will expand collaboration and add the ability to distribute fan tokens through the Launchpool platform.
Users will be able to receive staking rewards with various tokens, and the first coins will be from Paris Saint-Germain and Juventus football clubs. To do this, from December 15, it will be possible to combine pools of Binance Coin (BNB), Binance USD (BUSD), or Chiliz (CHZ) tokens.
On December 21, the exchange will add Paris Saint-Germain Fan Token (PSG) and Juventus Fan Token (JUV) to the listing, and the assets will be traded in pairs with Bitcoin (BTC), Tether (USDT) and Binance USD (BUSD).
“Chiliz has become a part of the crypto world thanks to fan tokens, which have shown tremendous potential in bringing cryptocurrencies to the mainstream audience around the world,” said Binance CEO Changpeng Zhao.
Think we missed something? Let us know in the comment section below.