Binance Completes Chiliz 2.0 Mainnet Integration, CHZ Price Shoots Up +6%

Key highlights:

• In a huge move for the sports crypto world, Binance – the biggest crypto exchange around – has fully integrated the upgraded Chiliz 2.0 mainnet onto its platform.
• More exposure often leads to greater adoption over time.
• Sports fans around the world are invited to get in on the fan token action and directly engage with global teams on the next-gen Chiliz blockchain.

The world of sport and crypto just got a whole lot more exciting. Binance, the world’s largest cryptocurrency exchange by trading volume, recently completed its integration of the new Chiliz (CHZ) 2.0 mainnet.

Binance has completed the Chiliz Chain ($CHZ) mainnet integration. ✅@Binance will launch native $CHZ and swap all listed Fan Tokens to the new chain. ?️

Binancians, welcome to Chiliz Chain, the home of SportFi. ?⚽️#ChilizChain ⚡️ $CHZhttps://t.co/HcHB89DZsb

— Chiliz ($CHZ) – Powering Socios.com ⚡ (@Chiliz) October 20, 2023

What are fan tokens?

Fan tokens represent digital fan membership on the Socios.com blockchain fan engagement platform. Powered by Chiliz $CHZ, fan tokens allow worldwide sports fans to influence team decisions, vote in polls, compete in contests and win exclusive rewards and prizes. Some of the most popular fan tokens launched so far include Juventus Fan Token ($JUV), Paris Saint-Germain Fan Token ($PSG), FC Barcelona Fan Token ($BAR) and others.

So what does this mainnet integration mean?

With the integration now complete, Binance users will have access to the native CHZ token on both the Ethereum and Chiliz blockchains. Even more exciting, all currently listed fan tokens like $JUV and $PSG will be swapped over to the new Chiliz Chain as well. This upgrades the underlying technology powering fan tokens and further connects the worlds of sports, crypto, and blockchain.

A boost for CHZ

The market seems to agree this is good news – in the day following the announcement, CHZ price jumped over 6% from $0.055 to $0.059. With one of the largest exchanges now fully supporting the Chiliz ecosystem, this integrates more users and makes CHZ more accessible. Increased adoption often leads to greater appreciation over time.

Long-term Chiliz price prediction for 2024, 2025, 2026, 2027, 2028, 2029 and 2030

The yearly low Chiliz price prediction for 2024 is predicted to be $ 0.054962 based on the historical price alterations of Chiliz and the BTC halving cycles. Chiliz’s cost is anticipated to increase to $0.198952 by the following year. Here is the Chiliz price forecast for each year up until 2030 using the same methodology.

Coincodex shares price predictions for all coins and tokens. All investors should take a look at the price prediction page, which will especially contribute to long-term investors.

Welcome to the new Chiliz Chain home

In his announcement, Binance’s CEO Changpeng Zhao warmly welcomed users to “Chiliz Chain, the home of SportFi.” Much like how sports bring people from all over the world together in shared passions, blockchain also has the power to unite communities globally. With this integration complete, Chiliz and fan tokens are one step closer to realizing the vision of integrating sports, entertainment and crypto on a global scale. For sports fans looking to get in on the action, the Chiliz Chain is now open and welcoming them to the next generation of fan engagement.

The Chiliz 2.0 mainnet integration on Binance opens up new opportunities for CHZ and fan tokens. With one of the largest exchanges now fully supporting the project, mainstream adoption should get a nice boost. And for crypto sports fans around the world, the Chiliz Chain is inviting them to engage directly with their favorite global teams.

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