Binance Supports Chiliz 2.0 Mainnet Integration and Swap
This strategic maneuver encompasses not only Chiliz (CHZ) tokens but also includes all Chiliz fan tokens currently holding the endorsement of Binance. These fan tokens include 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).
A critical facet of this integration is the thorough process of exchanging tokens. More specifically, all Chiliz (CHZ) tokens adhering to the BEP2 standard will smoothly transition into the CAP20 standard.
This transformation will occur at a ratio of 1:1, ensuring a straightforward shift for users. Likewise, the Chiliz fan tokens currently on both the Chiliz Legacy Chain and the BEP20 standard will undergo an analogous 1:1 ratio conversion into the CAP20 standard.
The process of integration and substitution will substantially impact the deposit and withdrawal services that Binance provides. Following the successful completion of the mainnet transition, the deposit and withdrawal services for Chiliz (CHZ) tokens via the BEP2 network will be halted.
Furthermore, the deposits and withdrawals of Chiliz fan tokens through the Chiliz Legacy Chain and the BEP20.currency network will also come to a cessation.