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Binance Announces New Strategic Partnership With Chiliz

George Miller

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Binance Announces New Strategic Partnership With Chiliz
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Binance is proud to announce their new strategic partnership with a fintech blockchain company that provides sports and entertainment entities, Chiliz.

An early investor in Chiliz, Binance has extended the partnership with additional investments into the leading venture in the fintech sports space, ensuring a partnership vision for the long-term. The first milestone of the partnership will be Fan Tokens allocation through Binance Launchpool.

Chiliz operates Socios.com, a fan influence and rewards platform, which has partnerships with some of the biggest sporting properties in the world including football teams FC Barcelona, Juventus, Paris Saint-Germain, Galatasaray, AS Roma & Atletico de Madrid; Esports teams  OG and NAVI, and the UFC. Powered by the utility token $CHZ, Socios.com is one of the most active non-financial, consumer-facing mainstream blockchain products in the world. In just over a year it has been downloaded by more than 370,000 people, over 14 mln Fan Tokens have been sold, and over 700,000 votes registered on the blockchain. FC Barcelona’s ($BAR) Fan Token Offering sold out in 20 minutes, generating $1.3m, whilst Turkish team Trabzonspor’s FTO generated 5 million TRY in less than 5 minutes.

With Binance Launchpool, users are able to acquire new token rewards in return for staking different tokens. The first Socios.com partners to benefit from Binance LaunchPool will be Paris Saint-Germain (PSG) and Italian champions Juventus (JUV) Fan Tokens. Users will be able to stake BNB, BUSD, or CHZ tokens into separate pools, starting from 2020/12/15 at 0:00 AM (UTC) to 2021/1/14 at 0:00 AM (UTC)

Binance will then list Paris Saint-Germain Fan Tokens (PSG) and Juventus Fan Tokens (JUV) in the innovation zone at 2020/12/21 6:00 AM (UTC) and open trading for PSG/BTC, PSG/USDT, PSG/BUSD, JUV/BTC, JUV/USDT and JUV/BUSD trading pairs.

“Chiliz became a part of the crypto world through Fan Tokens, which has shown huge potential in bringing crypto to mainstream audiences all around the world,” said Binance CEO and Founder, CZ (Changpeng Zhao). “We’re delighted to welcome Chiliz to the Binance ecosystem and look forward to empowering both fan engagement and crypto adoption among a captive audience of billions”.

“Binance has been a strong supporter of Chiliz since day one, but this new partnership really seals our original vision of tokenizing the sports & entertainment industry over the next 5-7 years. In just under 3 years, we have already established ourselves as the leading force in this space, but this partnership gives us renewed strength and credibility to create the leading global fan engagement & monetization ecosystem,”  said Alexandre Dreyfus, CEO & Founder of Chiliz. “Chiliz aims to onboard many more partners from the worlds of sports & entertainment over the next few years. With new features, gamification, leaderboards & NFT-based events being released in the coming weeks, Socios.com is the leading venture in this space. Whilst Socios.com is the utility platform, $CHZ – the app’s exclusive currency – is the utility token that sits between hundreds of thousands of branded digital assets.”

Blockchain

Fortuna Sittard Announces Plans to Launch Fan Token on Socios.com

Niji Narayan

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Fortuna Sittard Announces Plans to Launch Fan Token on Socios.com
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Fortuna Sittard, in partnership with fintech blockchain company Chiliz, has announced the plans to launch a $FOR Fan Token on the blockchain-based fan engagement and rewards platform Socios.com.

$FOR Fan Tokens will massively increase the club’s ability to engage with its supporters, with fans able to access a wide range of benefits, including the right to vote in multiple club decisions each season, VIP rewards & experiences, exclusive club and sponsor promotions, games, competitions and “super-fan” recognition.

Details on the launch date for the $FOR Fan Token, the price and the first poll will be revealed soon. The maximum supply of $FOR Fan Tokens will be 1 million.

“We are really proud that Fortuna Sittard is the first Dutch team which launches a partnership with Chiliz. This initiative underlines our position and vision as a pioneer in introducing modern practices in our league. We believe that involving our fans in our policy throughout the innovative platform Socios will create a good basis for future decisions. Especially during this time we believe it’s important to keep in touch with our fans,” Isitan Gun, chairman of Fortuna Sittard, said.

“Fortuna Sittard have consistently embraced digital innovation in order to increase engagement with their fans, so the decision to launch a Fan Token is the next natural step. Fans can look forward to many more ways to engage with their favourite club as soon as the $FOR Fan Token launches, getting the opportunity to influence the club in polls, access VIP rewards, exclusive promotions, chat forums and much more on Socios.com,” Alexandre Dreyfus, CEO and Founder of Chiliz and Socios.com, said.

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Blockchain

10 Games Join Qudo, A Proof-of-Gameplay Reward Mechanism and Cryptocurrency Powered by the Telos Blockchain

George Miller

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10 Games Join Qudo, A Proof-of-Gameplay Reward Mechanism and Cryptocurrency Powered by the Telos Blockchain
Reading Time: 2 minutes

Qudo helps developers improve their games while rewarding players in cryptocurrency, with no blockchain experience necessary

QUDO, a proof-of-gameplay reward mechanism and cryptocurrency for the gaming industry, today announced 10 games have joined its platform. Qudo helps developers grow their audiences and improve their games by rewarding players in cryptocurrency for their time, scores, and other achievements, all with no blockchain experience necessary.

Qudo is powered by Telos, the second most active blockchain platform in the world. Telos has achieved significant traction in the gaming sector for its high-capacity network and advanced governance features. Qudo opted to build its reward mechanism on Telos because of the network’s speed, low fees, and community support.

“At Qudo, we strongly believe that people shouldn’t have to understand blockchain technology to start experiencing its benefits, especially when it comes to gaming,” said João Abrantes, Co-Founder and Managing Director of Block Bastards, the company behind Qudo. “With the help of Telos, we’ve made it easy for gamers to register on Qudo and create a wallet without any background knowledge of crypto. We’re converting everyday players and game developers into blockchain users with an easy-to-use, rewards-driven platform. We’ve noticed significant growing interest in Qudo from both games and players, which reinforces our confidence that we’re going in the right direction.”

Qudo is compatible with any game using the Unity engine, and offers an SDK that makes it easy for developers to seamlessly onboard their games and customize their rewards. Developers can also purchase services with cryptocurrency directly through the Qudo marketplace, such as 3D artwork, modeling, animation, sound engineering, voiceovers and programming. Qudo’s rewards mechanism will also allow game developers to monetize without intrusive ads, and to improve their games by offering rewards for spotting bugs, which provides valuable real-time feedback.

A community of more than 1,000 players have already joined Qudo, earning crypto-based rewards for time spent playing, reaching new high scores, and other achievements offered by individual games. Players benefit from never having to transact with PayPal or credit cards, thus avoiding high fees and fraudulent activities.

“Qudo has been a great partner for Telos in demonstrating the network’s ability to meet the needs of any developer, including in the gaming sector,” said Douglas Horn, Telos Chief Architect. “By giving game developers easy access to Telos-based blockchain features from the Unity development environment, Qudo makes it possible for tens of thousands of games worldwide to quickly add crypto features, expanding the usership for Qudo.”

The games now live or coming soon to Qudo include CubiX Fragment, Blox, V8ORS – Flying Rat, FreeBoom, Wizard Rob, Cloud Runner, Versus, AceOfSpace, Time Hardly Waits, SEEDINA, Operation:BoomSlang!, and MoneyLords. Each game is available on mobile, and Qudo plans to expand support for PC games in the near future. Qudo’s Alpha version is operating on the Telos testnet, with plans to launch its mainnet version in Q2 2021.

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Blockchain

Legia Warsaw Will Become the First Polish Club to Launch a Fan Token on Socios.com

George Miller

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Legia Warsaw Will Become the First Polish Club to Launch a Fan Token on Socios.com
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The reigning Polish champions Legia Warsaw, in partnership with fintech blockchain company Chiliz, have announced plans to launch a $LEG Fan Token on the blockchain-based fan engagement and rewards platform Socios.com in the coming months.

Legia Warsaw are the most successful Polish football club of all time, with a record 15 Ekstraklasa titles and will become the first Polish club to launch a Fan Token in order to increase engagement with their fanbase.

$LEG Fan Token owners will be able to access a wide range of benefits, including the right to vote in multiple club decisions each season, VIP rewards & experiences, exclusive club and sponsor promotions, games, competitions and ‘super-fan’ recognition.

The club joins a list of 21 major sporting organizations who have partnered with Socios.com to launch Fan Tokens, including FC Barcelona, Juventus, Paris Saint-Germain, AC Milan, AS Roma, Atlético de Madrid, Galatasaray and Trabzonspor. Leading esports organizations Team Heretics, NAVI, OG and Alliance have all launched Fan Tokens on the platform, while UFC have signed a global fan engagement agreement and fellow MMA organisation the Professional Fighters League will launch a Fan Token in the coming months. More major clubs are set to launch Fan Tokens in the near future.

Powered by the utility token Chiliz $CHZ, Socios.com is one of the most active non-financial, consumer-facing mainstream blockchain products in the world and in just over a year it has been downloaded by more than 500,000 people.

Fan Tokens generated over $30M USD in revenue in 2020 that was shared with Socios.com clubs and partners.  In late December and early January several Fan Tokens were listed on major global exchanges, including Binance, driving significant activity, with Paris Saint-Germain ($PSG) and Juventus ($JUV) trading volumes hitting a 24 hour high of $300M in late December.

Details on the launch date for the $LEG Fan Token, the price and the first poll will be revealed soon. The maximum supply of $LEG Fan Tokens will be 5 million.

Paweł Kokosza, Commercial Director of Legia Warsaw, said: “We are very proud that the global brand Socios.com has joined the group of our partners. Pioneering solutions and new technologies, which additionally give our fans unique opportunities to actively participate in the life of our club, are the exact direction in which we want to develop.

We believe that the potential of the most popular sports brand in this part of Europe, which Legia Warsaw undoubtedly is, will allow Socios.com to gain many fans not only in Poland, but also in the international arena.”

Alexandre Dreyfus, CEO and Founder of Chiliz and Socios.com, said:  “We’re really pleased to welcome Legia Warsaw as our first Polish club partner.

“Very soon Legia fans all around the world will have a new way to get closer to the club they love and will be able to influence the team in polls, access VIP rewards, exclusive promotions, chat forums and much more on Socios.com.

“We’re sure $LEG Fan Tokens will be a massive hit with fans and become a very powerful new engagement tool for the club.”

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