Last June we announced the launch of the Dragon8 hard fork, which marked the start of a new era for Chiliz Chain with substantial technological enhancements and the introduction of a sophisticated new tokenomics model.
The Dragon8 hard fork has enriched the developer experience, and upgraded the economic framework of the Chiliz Chain ecosystem, promoting a sustainable and decentralized network.
One strategic focal point of this move towards a more sustainable, decentralized network is the planned closure of the exchange and the introduction of community-owned decentralized exchanges that will create deeper organic liquidity for Fan Tokens™. The first of which is Kayen, ahead of many more options that will provide greater liquidity, activity, utility and engagement for Fan Tokens™.
The gradual wind-down begins today (26/09/2024). There will be ample time to withdraw funds, which are of course, absolutely secure and safe.
Key dates and information:
- Deposits: Deposits are suspended as of 26/09/2024. Please do not try to make deposits on the platform. If you send any deposits after this date, they will be unrecoverable and permanently lost, and we will not be held liable for any loss or damage sustained as a consequence thereof.
- Trading: Trading activities will cease on Wednesday October 09th at 10:00 UTC. We advise all users to finalize their trades before this deadline.
- Withdrawal period: Users will have until Friday November 22nd 2024, to withdraw their funds to compatible third party wallets. You will need to contact Customer Support at support.chilizx@chiliz.com to withdraw after this date.
- Fund safety: We want to assure all our users that your funds are completely safe and will be handled with the utmost care during this process.
Important steps for users:
- Complete any final trades before 09/10/2024.
- Withdraw before 22/11/2024.
Post-deadline procedures:
- Any funds remaining in user accounts after 22/11/2024, will be securely held in custody.
- To withdraw these funds after the deadline, please contact our Customer Support at support.chilizx@chiliz.com.
CHZ tokens and Fan Tokens remain available on leading CEXs such as Binance, OKX, Paribu, and Upbit, alongside DEXs such as KAYEN. This dual availability ensures our community can choose between the familiarity of CEXs and the autonomy of DEXs.
Catering to diverse user preferences, we aim to provide a seamless and inclusive trading experience in the sports and entertainment blockchain space.
Thank you
The team is dedicated to ensuring a transparent and secure transition. Thank you for contributing to the flourishing Chiliz Chain ecosystem and supporting new options like Kayen that support a stronger, broader, decentralized future for Fan Tokens™.
