JUV and PSG on Binance Launchpool Binance announced a double farming on Launchpool, as the 9th and 10th projects are Juventus (JUV) and Paris Saint-Germain (PSG) Football Club Fan Tokens. From today (15th of December), users can stake Binance Coin (BNB), Binance USD and Chiliz (CHZ) tokens into six separate pools to farm Juventus Fan Tokens (JUV) or Paris Saint-Germain Fan Tokens (PSG). The farming period is 30 days, until 13th of January 2021. Both tokens will be added into the innovation zone on the 21st of December, pairing with Bitcoin, Tether and Binance USD.
But first... what is Chiliz?
Chiliz bloch-chain is the world's top fintech provider for sports and entertainment, which developed Socios.com platform. This engagement platform and all the projects for fans are fuelled by Chiliz (CHZ), the native token, as on-platform currency.
After seeing the announcement, I quickly checked Binance, and the pools were in the Preparation Period, ready for deposits. I staked my Binance Coin (BNB) and Binance USD (BUSD) few hours before the farming started, so I can get rewards once the pools are open.
Launchpool info and statistics The Juventus Fan Token (JUV) has a total token supply of 20,000,000 tokens and 1.05% (210,084) of it will be distributed through the Binance Launchpool. At the moment, 1,315,907 JUV tokens are in circulation, which represents 6.56% of the Total Token Supply. The JUV token is giving Juventus fans a tokenized share of influence on the club decision, using the Socios application and services, by voting via smart-contracts on various contract-binding pools. In the future, it will be possible to stake them to earn NFT rewards. The Socios platform will help fans to interact and earn rewards such as matchday tickets, cashback and digital badges. Stake your assets to get JUV if you are a fan of the "Old Lady". I personally chipped more in this pools as I like Juventus more than PSG, even if I am a childhood fan of Internazionale.
The Paris Saint-Germain Fan Tokens (PSG) has an identical total supply (20,000,000 token), and only 0.90% of it will be farmed through the Launchpool. The 179,641 PSG tokens will increase the current supply of 1,288,396 tokens, approximately 6.44%. Same as the JUV token, the PSG one is giving fans a tokenized share of influence on the club decisions. The Socios platform will help fans to interact and earn rewards, and in the future may include VIP goods and services, staking PSG for NFT rewards or booking unique experiences. Not a fan of Neymar, Mbappe or Di Maria, but free tokens are free tokens. Do you remember Barcelona v PSG ? What a night for a football fan!
Both tokens will reward BNB staking more than the other pools, allocating 70% of the amount to this pool. The Chiliz (CHZ) pool will distribute 20% of the rewards, while the BUSD will share only 10%. The balance snapshot and reward distribution will take place hourly, an the staked assets can be taken out of the pool without delays. The assets, and any unclaimed rewards will be transferred to into the Spot Wallet at end of the farming period. The daily reward will be bigger in the first days of farming, dropping drastically after. See the below chart for guidance:
So ... 6 hours into the farming...this is how my football fans tokens balance looks like. Let's see how much the stash will grow until January.
The Launchpool kept the same easy to claim format as the previous projects, and by the look of it, the JUV fan coin is farmed at a better rate.
I am a huge fan of Binance Launchpool, and some projects were purely awesome, such as Venus, Alpha and .... HARD!
Links and referrals:
JUV Website: https://www.socios.com/es/juventus
JUV Medium: https://medium.com/socios/tagged/juventus
PSG Website: https://www.socios.com/paris-saint-germain
Amazon author page: PV Mihalache