What does CHBTC withdrawal mean (CHZ withdrawal)?

What does CHBTC withdrawal mean? In the forked currency CHBTC of Bitcoin, some

What does CHBTC withdrawal mean (CHZ withdrawal)?

What does CHBTC withdrawal mean? In the forked currency CHBTC of Bitcoin, some people claim to have recharged their own wallets. However, because they did not use their account password and private key for extraction, many people believe that they have lost their funds. Therefore, a problem called “bitcoincash” has emerged: if users want to withdraw money from the exchange to their bank, they need to enter their phone number or email address first to complete this operation, and this transaction is stolen by hackers; and now these accounts belong to an anonymous team, so everyone can choose to transfer the money out (similar to Alipay), which is actually very easy to understand, because you don’t need to register like WeChat to withdraw.

CHZ withdrawal

According to official news, the decentralized autonomous organization CHZ withdrawal has been completed. According to the project party, the first token burn will be conducted at around 18:00 on June 2nd (UTC+8), with a total of 100,000 CHZ tokens issued. It is reported that this withdrawal is a mandatory repurchase activity.

Earlier reports stated that after the BCHZ forked to the new chain HZIX.finance in April this year, BTC.com announced support for CHZ. The exchange has also launched new smart contract wallets, mining, and trading functions. Currently, more than 100 wallets have integrated this application program.

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