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Binance Enters the World of Sports with New Tokens

15 December 2020, 14:18
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Binance, a leading crypto-cash exchange platform, has announced interesting cryptocurrency news. According to the company, it will add two football-related tokens to its system.

Binance Enters the World of Sports with New Tokens

The exchange has partnered with Chiliz – a fintech services provider focused on blockchain – to implement new tokens. Binance provided information about the upcoming products on Twitter.

What are the new tokens?

As it has been revealed, the cryptocurrency exchange is going to launch the Paris Saint-German and Juventus tokens. They will be available via another Binance’s project Launchpool. The solution will be a combination of a crypto product and football, which will attract the interest of the clubs’ fans. They will get a unique opportunity to farm tokens based on the football teams on the Binance platform.

The official launch date was scheduled for December 15. Starting from this day, users will get access to farming the PSG and JUV assets by staking. Stakes are available in Binance USD and coins, as well as Chiliz (CHZ). In addition to this, users can choose between several staking variants. It is expected that approximately twenty million tokens will be in circulation for rewards.

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