Binance releases trading and staking for 3 more Chiliz fan tokens
Binance is set to list OG, ATM and ASR in its Development Zone and open trading versus major cryptocurrencies like BTC and USDT.
Binance, the world’s largest cryptocurrency exchange by trading volume, is listing another batch of fan tokens by a major sports-focused token platform, Chiliz.
According to a Dec. 23 statement, Binance Launchpool– a platform enabling users to stake tokens for up to thirty days to make benefits– will soon include 3 more sports fan tokens: Dota 2 esports group OG, Atlético de Madrid Football (ATM), and AS Roma Football Club (ASR).
As part of the brand-new allocations, Binance users will have the ability to stake Binance Coin (BNB), Binance Dollar (BUSD), and Chiliz (CHZ) versus OG, ATM and ASR fan tokens beginning from Dec. 24 approximately Jan. 23, 2021.
Beginning with Dec. 30, Binance will also note OG, ATM and ASR in its Innovation Zone and open trading against major cryptocurrencies like Bitcoin (BTC) and Tether (USDT). The upcoming trading sets include OG/BTC, OG/USDT, ATM/BTC, ATM/USDT, ASR/BTC and ASR/USDT.
Binance CEO Changpeng Zhao said that conventional sports and esports industries are more actively checking out and taking part in the crypto industry. “Fan tokens have been favored by our users, and we more than happy to work more detailed with Chiliz to continue offering access to them,” Zhao included.
The most recent development brings the second stage of the partnership in between Binance and Chiliz after the two companies announced a strategic partnership on Dec. 14. In conjunction with the statement, Binance revealed the listing of Chiliz fan tokens for Paris Saint Germain (PSG) and Juventus (JUV) football clubs on its Binance Launchpool.
Alexandre Dreyfus, CEO and creator of Chiliz and its affiliate start-up Socios, stated that the business expect to add “a lot more partners from the sports and home entertainment space in the future.” Dreyfus noted that the partnership plans to improve the industry’s digital change, fan engagement and monetization environment.
Chiliz and Socios have actually been actively expanding their leadership as international fan token companies. In August 2020, Chiliz and Socios revealed strategies to introduce a Visa debit card featuring fan tokens for significant groups like FC Barcelona. In July 2020, Brazil’s largest cryptocurrency exchange, Mercado Bitcoin, introduced CHZ trading against the Brazilian real. Previously, Chiliz and Socios offered $1.3 million worth of FC Barcelona’s fan tokens in less than 2 hours.