Binance Finalizes Chiliz Token Contract Migration
In a significant technical update, leading cryptocurrency exchange Binance announced the successful completion of the Chiliz fan token contract migration on the Chiliz Chain (CAP20) network. The process was finalized at 10:30 AM UTC on May 12.
Full Service Resumption and New Era
Following the migration, Binance has now reopened deposit and withdrawal services for the new Chiliz fan tokens. Users can seamlessly manage their token assets on the platform.
- Swap Ratio: The migration was conducted on a 1:1 basis, ensuring no loss in token value for holders.
- Network Enhancement: The move to the Chiliz Chain (CAP20) leverages its improved performance and features tailored for the sports and entertainment fan engagement economy.
- Ecosystem Progress: This migration represents a pivotal evolution for the Chiliz project, transitioning its fan token ecosystem to a more robust and purpose-built infrastructure.
Users are advised to check the latest announcements on Binance's official channels for accurate deposit addresses and network details before conducting any transactions.