The Juventus token lands on Binance Smart Chain
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The tokens of Juventus and Paris Saint-Germain will soon make their debut on the Binance Smart Chain.
This was announced by the CEO of Binance, Changpeng CZ Zhao, on Twitter.
Welcome to #BinanceSmartChain @juventusfc, @PSG_inside & @Chiliz https://t.co/ZD7ppANQFf
— CZ Binance (@cz_binance) December 14, 2020
These are the JUV and PSG fan tokens issued by Chiliz, respectively the ninth and tenth projects launched by Binance Launchpool.
The Juventus token was announced in September 2018 and was launched in November of last year.
Initially, they were tokens issued by Chiliz on the blockchain owned by Socios.com, but with the integration of the project into Binance Launchpool the JUV and PSG tokens will be launched on the public Binance Smart Chain blockchain.
In addition, the owners of BNB (Binance Coin), BUSD (Binance dollar) and CHZ (Chiliz) tokens will be able to stake their tokens in special pools for yield farming and obtain JUV and PSG tokens for 30 days starting from December 15th.
Finally, JUV and PSG tokens will be listed on Binance on December 21st, tradable in BTC, USDT, and BUSD.
20 million Juventus tokens on Binance Chain
As far as the Juventus JUV tokens are concerned, 20 million will be issued, of which 1.3 million are those already in circulation now, while 1.05% will be distributed as a prize in the Launchpool.
The staking of BNB will distribute 147,059 JUV tokens as a bonus, the one of CHZ will distribute 42,017, while the one in BUSD 21,008.
The PSG tokens of Paris Saint-Germain will likewise feature 20 million units, with the current tokens amounting to just under 1.3 million, and 0.90% of total tokens will be distributed as rewards.
Of these, 125,749 PSG tokens will be distributed as a reward to those staking BNB, 35,928 for CHZ and 17,964 for BUSD.
Reward calculations will be updated every hour, as well as the annual percentage return (APY) and the total pool balance, and once the rewards have been obtained they can be requested by users directly from the exchange’s spot accounts at any time.
Staked funds can be withdrawn at any time.
At the end of the yield farming programme, the staked tokens will be returned to users directly on their spot exchange wallets.
The post The Juventus token lands on Binance Smart Chain appeared first on The Cryptonomist.
