Binance Backs Chiliz 2.0 Mainnet Integration and Swap

Key Points:

• Chiliz (CHZ) & fan tokens like ACM, BAR to shift to CAP20 standard at 1:1 ratio.
• Binance stops CHZ BEP2 network services post integration.
• ERC20 CHZ tokens unaffected; detailed timetable forthcoming.

Binance has announced its comprehensive support for the integration and transition of the Chiliz 2.0 mainnet.

This strategic move encompasses not only Chiliz (CHZ) tokens but also extends to all Chiliz fan tokens currently endorsed by Binance, including 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).

One of the pivotal aspects of this integration is the meticulous token swap process. Specifically, all BEP2 standard Chiliz (CHZ) tokens will undergo a seamless transformation to the CAP20 standard. This conversion will be conducted at a 1:1 ratio, ensuring a straightforward transition for users. Similarly, the Chiliz fan tokens, currently residing on both the Chiliz Legacy Chain and the BEP20 standard, will undergo a similar 1:1 ratio swap to the CAP20 standard.

The integration and replacement process holds a significant impact on the deposit and withdrawal services offered by Binance. Following the successful completion of the mainnet transition, the deposit and withdrawal services for Chiliz (CHZ) tokens through the BEP2 network will be discontinued. Additionally, Chiliz fan tokens’ deposits and withdrawals through the Chiliz Legacy Chain and the BEP20.currency network will cease.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.