Cryptocurrency exchange Binance has signed a partnership agreement with the Argentinian Soccer Association (AFA), one of the biggest soccer federations in the world, to become its main sponsor. With this deal, Binance will become the main sponsor of all the Argentinian national soccer teams for the next five years and will issue a new fan token. The AFA has previously issued such an asset in partnership with Socios, another fan token platform.
Binance Inks Sponsorship Deal With Argentinian Soccer Association
Binance, one of the leading cryptocurrency exchanges by volume traded, has signed a sponsorship deal with the Argentinian Soccer Association (AFA), allowing the company to become the main sponsor of all the Argentinian soccer teams on a global scale. The deal is the first one the exchange has inked with a worldwide national team, and will last five years, according to the information shared.
The deal seeks to promote the brand with one of the most successful soccer teams, bringing crypto to users and fans that may not have become familiar with these technologies otherwise. Maximiliano Hinz, Director of Binance Latam, stated:
Through this agreement, we hope to support Argentine soccer at all levels and introduce Binance, the crypto world and the blockchain to soccer fans across the country and the world.
Incoming Fan Token & Legal Actions
The signed partnership also includes the development and launch of a new fan token to be released in the near future. However, the Argentinian Soccer Association had already issued a fan token of its own, in partnership with Socios.com, a fan token company. This confused fans of the national team and resulted in an influx of purchases of the previously issued token.
The issuance of the new token was criticized by the Socios platform, which issued a press release announcing its stance on this new deal the AFA has signed with Binance. According to sports media, Socios rejected this new deal, made just nine months after they had signed another deal with them that would last three years. Socios.com declared:
We will do everything in our power to prevent this and to protect the rights of fans who purchased $ARG Fan Tokens. We are facing a flagrant breach of contract and we will take all the necessary legal measures to guarantee that AFA fulfills the commitments acquired with Socios.com.
The first token was launched on June 15 last year, selling more than 400k tokens at that time.
What do you think about the deal between the AFA and Binance? Tell us in the comments section below.
Check live crypto rates here
Start trading today – See our list of exchanges
Definitely, what a great blog and revealing posts, I surely will bookmark your website.Have an awsome day!
Hey very nice web site!! Man .. Excellent .. Amazing .. I will bookmark your web site and take the feeds also…I’m happy to find numerous useful information here in the post, we need develop more strategies in this regard, thanks for sharing. . . . . .
buy buspar pills order buspar 5mg online cheap ditropan 5mg canada
purchase hytrin sale order pioglitazone for sale azulfidine 500 mg sale
order alendronate without prescription panadol brand buy famotidine 20mg generic
After examine a number of of the weblog posts in your web site now, and I really like your manner of blogging. I bookmarked it to my bookmark web site list and will probably be checking back soon. Pls check out my web page as well and let me know what you think.
Loving the info on this website , you have done outstanding job on the blog posts.
Hi my loved one! I want to say that this post is awesome, great written and come with approximately all important infos. I?¦d like to peer more posts like this .
It’s a pity you don’t have a donate button! I’d certainly donate to this outstanding blog! I guess for now i’ll settle for book-marking and adding your RSS feed to my Google account. I look forward to brand new updates and will talk about this blog with my Facebook group. Talk soon!
I am not really wonderful with English but I find this really easygoing to understand.
The other day, while I was at work, my cousin stole my apple ipad and tested to see if it can survive a twenty five foot drop, just so she can be a youtube sensation. My iPad is now destroyed and she has 83 views. I know this is completely off topic but I had to share it with someone!
User Login/Signup – Buy/Sell Bitcoin, Ethereum | Cryptocurrency Exchange
gate.io
My spouse and I stumbled over here different website and thought I may as well check things out. I like what I see so now i’m following you. Look forward to exploring your web page repeatedly.
After study a few of the blog posts on your website now, and I truly like your way of blogging. I bookmarked it to my bookmark website list and will be checking back soon. Pls check out my web site as well and let me know what you think.