What is Chiliz (CHZ)?
Chiliz takes the forefront as a prominent digital currency tailored for sports and entertainment, developed by the Malta-based fintech firm bearing the same name. Socios, a blockchain-powered sports entertainment platform developed by the founding company, empowers users to actively engage with their beloved sports franchises. Simply put, the company's objective is to narrow the gap between being an active and a passive fan.
By tokenizing fan engagement, Chiliz empowers supporters to become genuine stakeholders in the teams they adore. Through the Socios platform, users can exchange CHZ tokens for branded Fan Tokens associated with their preferred sports clubs. These Fan Tokens grant them voting rights in crucial team decisions, such as selecting jersey designs, choosing matchday activities, and more. Moreover, Chiliz has also integrated NFT drops. With partnerships spanning top football clubs and organizations worldwide, Chiliz has carved its niche by merging the excitement of sports with the limitless potential of cryptocurrency. Learn more
How to Deposit CHZ Into Your Coinmetro Account
For all information on how to deposit CHZ into your Coinmetro account, please see the following help center article: How to Deposit CHZ.
As Coinmetro uses smart contracts for Ethereum and ERC-20 token deposits, the amount of gas required is slightly higher than a typical transfer. To be sure that your transaction is successful, please set the transaction gas limit to 55,000 for ETH. The fee difference is minimal. If your gas limit is too low, the transaction will simply be rejected by the Ethereum network. There is no risk of loss of assets caused by a too-low gas limit.
If you're depositing from another exchange, it is important to ensure they support sending funds to ETH contracts or using a full ETH wallet as an intermediary.
How to Withdraw CHZ From Your Coinmetro Account
For all information on how to withdraw CHZ from your Coinmetro account, please see the following help center article: How to Withdraw CHZ.
Important Note - To request a withdrawal, your account profile needs to be verified as well as having the funds to cover your withdrawal. The first time a withdrawal is made to a destination, the destination needs to be confirmed via e-mail. If you have 2-Factor Authentication enabled for withdrawals, you will be asked to input the code for each withdrawal, approved or not. We suggest enabling 2-Factor Authentication to protect your account.
Withdrawals waiting for approval can be canceled and the withdrawal status can be found by selecting the Wallet on your Coinmetro Dashboard. Please note that already-approved withdrawals cannot be canceled. If there is no Cancel button visible, this unfortunately means the withdrawal can no longer be canceled, and you will find a transaction ID (TXID) instead. This is a link to the relevant transaction hash on a Blockchain Explorer website where the status can be checked further.