Cryptocurrency exchange Binance has announced a new strategic partnership with Blockchain company Chiliz.
According to the statement, the partnership’s first milestone will be the release of fan tokens on the Binance Launchpool platform. January 15 December TSI 08.00 to January 14 TSI 08.00 Binance users will be able to earn PSG and JUV Token rewards by staking BNB, BUSD or chz.
Binance will start listing PSG and juv in the innovation area on December 21. Both of these tokens can be traded against BTC, USDT and BUSD.
Binance CEO Changpeng Zhao:
“CHILIZ HAS BECOME PART OF THE CRYPTO WORLD THROUGH ITS FAN TOKENS, WHICH SHOW GREAT POTENTIAL FOR BRINGING CRYPTO TO MAINSTREAM AUDIENCES FROM ALL OVER THE WORLD. WE ARE VERY PLEASED WITH CHILIZ’S PARTICIPATION IN THE BINANCE ECOSYSTEM AND LOOK FORWARD TO STRENGTHENING BOTH FAN ENGAGEMENT AND CRYPTOCURRENCY AMONG OUR BILLIONAIRES. QUOTH.
ChiliZ founder and CEO Alexandre Dreyfus, who has been a strong supporter of chiliZ since Binance’s first day, said the new partnership provided new strength and security.
Chiliz said in a statement;
“IT AIMS TO GAIN MORE BUSINESS PARTNERS FROM THE WORLD OF SPORTS AND ENTERTAINMENT OVER THE NEXT FEW YEARS. WITH NEW FEATURES, GAMIFICATION, LEADERBOARDS AND NFT-BASED EVENTS TO BE RELEASED IN THE COMING WEEKS SOCIOS.COM, IS THE LEADING INITIATIVE IN THIS FIELD.“ HE SAID.
After the news, the JUV token increased by over 30 percent, while the PSG token increased by 20 percent.