Binance, a leading cryptocurrency exchange, has recently declared its commitment to facilitating the integration and token swap of Chiliz (CHZ) 2.0 mainnet. This integration encompasses the conversion of Chiliz tokens as well as all Chiliz fan tokens currently listed on the Binance platform.
Chiliz fan tokens are associated with prominent football clubs, namely 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).
Key Highlights to Keep in Mind:
Conversion of BEP2 Standard Chiliz (CHZ) Tokens: All BEP2 standard Chiliz (CHZ) tokens will undergo a seamless conversion to the CAP20 standard at a 1:1 ratio.
Conversion of Chiliz Fan Tokens: Fan tokens on both the Chiliz Legacy Chain and BEP20 standard will also be converted to CAP20 standard at a 1:1 ratio.
Implications Post Mainnet Integration and Swap:
Deposits and withdrawals of Chiliz (CHZ) tokens through the BEP2 network will cease to be supported.
Deposits and withdrawals of Chiliz fan tokens via the Chiliz Legacy Chain and BEP20 network will also no longer be available.
However, deposits and withdrawals of Chiliz (CHZ) tokens using the ERC20 standard will remain unaffected.
Binance's Commitment: Binance will ensure that users holding Chiliz (CHZ) and Chiliz fan tokens in their Binance accounts face no technical hindrances during this transition.
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