$CHZ & Fan Tokens Held On Socios.Com Can Now Be Withdrawn To External Crypto Exchanges
Chillizens, we’ve got an important update for you. As of today (9th April 2020), you can withdraw $CHZ held on Socios.com to any third party exchange where Chiliz is listed using the new ‘Withdraw’ feature. Fan Tokens, as well as $CHZ, can also be withdrawn to Chiliz.net – the world’s first crypto exchange for sports & entertainment products.
This means you can now send AND receive $CHZ on Socios.com, allowing you to withdraw to many of the world’s leading crypto exchanges, including Binance, Paribu, Upbit, Bitpanda & more.
From the Socios.com wallet, simply click on the Withdraw icon and choose which Tokens you want to withdraw. To use the feature, users must be Level 2 verified. Note, when a withdrawal has been requested, the amount being processed will be moved to a ‘locked’ status while the withdrawal is in progress. Don’t forget to set your 2FA password to increase security and peace of mind.
The ‘Withdrawal’ feature has also been launched in readiness for the start of Fan Token trading on Chiliz.net. Fan Token trading is scheduled to begin by the end of April 15th when Juventus Fan Tokens ($JUV ) go live on the platform. $JUV holders will also be able to withdraw their Fan Tokens from Socios.com to Chiliz.net from the date of launch. Trading for all other Socios.com partners will follow.
The opening of the Chiliz.net exchange will mark the beginning of a new era in digital asset trading where price fluctuations are influenced by fan sentiment as well as pitch performance, tournament wins, or even transfer window activity.
Our aim is to create a vibrant and exciting new class of digital trading, with up to 50 Fan Tokens from the world of sport & entertainment trading on Chiliz.net by the end of 2020, and many more to follow in the years to come.