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The Juventus token lands on Binance Smart Chain
The Juventus token lands on Binance Smart Chain
Blockchain

The Juventus token lands on Binance Smart Chain

By Marco Cavicchioli - 14 Dec 2020

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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.

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. 

juv psg token

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Staked funds can be withdrawn at any time.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. 

Marco Cavicchioli
Marco Cavicchioli

Class 1975, Marco teaches web-technologies and is an online writer specializing in cryptocurrencies. He founded ilBitcoin.news, and his YouTube channel has more than 25 thousand subscribers.

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