Binance Launchpool allows users to earn Crypto rewards for staking their tokens. The implementation will start with Pari Saint-Germain and Juventus, while Binance plans to add more sports clubs from the Chiliz platform later.
After that, Binance will list PSG and JUV tokens for open trading with BTC, USDT, and BUSD trading pairs.
Chiliz is a tokenized sports and entertainment platform powered by the CHZ token allowing users to buy and sell officially licensed fan tokens from popular sports and esports teams.
Until now, Chiliz has partnered up with top football teams like Barcelona, Juventus, Pari Saint-Germain, Atletico de Madrid, Roma, and more, while also provides tokens from various eSport teams.
Binance stated that they fully support the Chiliz vision of tokenizing the sports industry and bringing crypto to a broad audience.
“Chiliz became a part of the crypto world through Fan Tokens, which has shown huge potential in bringing crypto to mainstream audiences all around the world,”
Binance CEO and Founder, CZ (Changpeng Zhao).
Fan tokens come in the form of ERC20 Tokens and are tradable for CHZ on Socios.com and other external exchanges.
It is worth mentioning that every club that offers a pool for their supporters, gives them voting rights and rewards through Chillz’s platform, Socios.com.