{"id":22349,"date":"2023-07-18T07:08:14","date_gmt":"2023-07-18T07:08:14","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/binance-ends-afa-partnership-after-contract-breach\/"},"modified":"2023-07-18T07:08:14","modified_gmt":"2023-07-18T07:08:14","slug":"binance-ends-afa-partnership-after-contract-breach","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/binance-ends-afa-partnership-after-contract-breach\/","title":{"rendered":"Binance Ends AFA Partnership After Contract Breach"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p><a href=\"https:\/\/igaming.org\/cryptocurrencies\/binance\/\">Binance<\/a>, the global cryptocurrency giant, has abruptly ended its partnership with the Argentine soccer association (AFA) barely a year into their five-year contract. The unexpected dissolution was due to contractual disagreements, with Binance citing the association\u2019s inability to honor its obligations.<\/p>\n<p>The official statement issued by Binance on Monday, originally in Spanish on Twitter, reflected their disappointment. The company expressed that AFA\u2019s negligence to uphold contractual duties contradicted Binance\u2019s business values and partnership ethos. \u201cWe regularly evaluate the results of our partnerships around the world and unfortunately, despite being offered time and opportunities, the AFA has not fully complied with its contractual obligations, which goes against our business values and our partnership principles,\u201d Binance stated.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>5BTC or 111% + 111 Free Spins!<\/strong> <\/p>\n<p>New players only. Exclusive 111% Welcome Bonus + 111 Free Spins in Aztec Magic Deluxe <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>The commencement of this partnership took place in January 2022 when Binance sealed a deal with the Argentine soccer team, who were enjoying their status as the reigning world champions. But even from the onset, this contract was marred by disputes and controversy.<\/p>\n<p>Before the establishment of the Binance-AFA relationship, the association had prematurely ended its contract with Socios, a fan token site. This move was to pave the way for their new partnership with Binance, which led to a lawsuit from Socios. Despite the legal issues, Socios retained its role as the exclusive provider of AFA\u2019s official fan token, $ARG, which it will continue to supply until 2026.<\/p>\n<p>The dissolution of the Binance-AFA partnership underlines the complexities and potential pitfalls when traditional sports institutions and emerging cryptocurrency firms merge. With contracts and fan loyalty hanging in the balance, the impact of this termination will undoubtedly reverberate within both the soccer and cryptocurrency worlds.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong><strong>Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong> <\/p>\n<p>New players only. Welcome Bonus &#8211; 125% bonus on your first deposit up to $2,500<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/binance-cuts-ties-with-afa-citing-contractual-disputes\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Binance, the global cryptocurrency giant, has abruptly ended its partnership with the Argentine soccer association (AFA) barely a year into their five-year contract. The unexpected dissolution was due to contractual disagreements, with Binance citing the association\u2019s inability to honor its obligations. The official statement issued by [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":22350,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22349"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=22349"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22349\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/22350"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=22349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=22349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=22349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}