Binance launches farming for PSG and Juventus token fans
Binance users can start farming the token fans of Paris Saint-Germain (PSG) and Juventus FC. This is the first step of a strategic partnership between Binance and the Chiliz project.
Binance launches the farming of the PSG and Juventus token fans.
Since Tuesday 15 December, Binance users can start farming „fan tokens“ of the football clubs of Paris Saint-Germain (PSG) and Juventus FC.
Binance’s Golden Profit platform allows users to put BNBs and Binance USD (BUSD) into play to win tokens for various projects. This time it is PSG and Juventus token fans who can be won for a period of 30 days.
The rewards amount to 210,000 JUV tokens and nearly 180,000 PSG tokens. Thus, 70% of the rewards will be awarded to the BNB pool, 20% to the Chiliz pool and 10% to the BUSB pool.
Binance Farming PSG
The distribution of rewards will also vary over time, with 8.33% of the rewards being grown daily for the first six days. Then the rate will decrease to 2.5% per day between December 21 and 28, and then to 1.87% per day from December 29 to January 13.
Binance will add trading pairs for each fan token starting December 21 at 7:00 a.m.
Paris Saint-Germain Fan Token
The Paris Saint-Germain Fan Token (PSG) is a utility token that allows PSG fans to exert a symbolic influence on club decisions using the Socios application.
Token holders can, among other things, take part in polls, win non-fungible (NFT) tokens or even attend exclusive events.
CZ, CEO of Binance, said that these token fans have „a huge potential to bring cryptomoney to the general public“, while Chiliz CEO Alexandre Dreyfus explained :
„The partnership with Binance really seals our original vision of tokenising the sports and entertainment industry over the next 5-7 years. »
Chiliz has already signed partnerships with major football teams such as FC Barcelona as well as other sports franchises such as the UFC, and plans to integrate many other sports.