Binance Supports Chiliz 2.0 Mainnet Integration and Swap

Crypto News– Binance supports Chiliz 2.0, this strategic maneuver encompasses not only Chiliz (CHZ) tokens but also extends its scope to include all Chiliz fan tokens that currently bear the endorsement of Binance.

Binance Supports Chiliz 2.0 Mainnet Integration and Swap

These fan tokens represent partnerships with esteemed sports clubs such as AC Milan (ACM), AS Roma (ASR), Atlético de Madrid (ATM), FC Barcelona (BAR), Manchester City (CITY), Juventus (JUV), OG (OG), and Paris Saint-Germain (PSG).

Central to the success of this integration is the methodical and intricate token swap process. Specifically, all Chiliz (CHZ) tokens adhering to the BEP2 standard will undergo a smooth and seamless transformation to the CAP20 standard.

This conversion process will be executed at a consistent 1:1 ratio, thereby guaranteeing a straightforward and hassle-free transition for all users. Similarly, the Chiliz fan tokens, which are currently situated on both the Chiliz Legacy Chain and the BEP20 standard, will undergo a parallel swap to the CAP20 standard, maintaining the same 1:1 ratio.

The integration and replacement procedures carry substantial implications for the deposit and withdrawal services that Binance provides. With the successful culmination of the mainnet transition, the deposit and withdrawal services for Chiliz (CHZ) tokens via the BEP2 network will be gracefully phased out. Furthermore, the deposit and withdrawal services for Chiliz fan tokens through both the Chiliz Legacy Chain and the BEP20. currency network will also come to a halt as part of this transformative process.

About Chiliz

Chiliz (CHZ) is a prominent digital currency in the realms of sports and entertainment, empowering Socios.com, the world’s first blockchain-based fan interaction and rewards platform.