Chiliz (CHZ)-Sports Fan Coin
In 2018 an idea was born-that blockchain technology could be used to provide fans around the world with a new way to engage with their favourite sports teams and the teams with a new way to monetize their global fanbases. You can influence your favourite sports team's decision.
That idea has since grown into a successful multinational company - a crypto unicorn set to be 200-strong by the end of 2021 - that is pioneering a generational shift in the sports industry through digital assets called Fan Tokens and the Socios.com fan engagement and rewards app.
Chiliz (CHZ) is the eponymously titled digital currency, 8.8BN of which were generated in 2018.
It is the digital currency for sports and entertainment, used by fans of the world’s biggest sports teams to purchase Fan Tokens on Socios.com, and listed on the world’s biggest cryptocurrency exchanges, including Coinbase and Binance.
Socios.com is the biggest non-exchange blockchain-powered app in the world, providing millions of sports fans with the chance to connect with their favourite sporting organizations through Fan Tokens, fungible digital assets minted on the Chiliz blockchain.
Officially designated as utility tokens, Fan Tokens can be used by fans to access voting rights in polls, VIP rewards, exclusive promotions, AR-enabled features, chat forums, games, competitions and allow them to compete in global leaderboards.
Socios.com first launched in late 2019 and the first Fan Token for Italian soccer team Juventus ($JUV) arrived shortly afterwards. Paris-Saint Germain, Atlético de Madrid, Galatasaray, A.S. Roma, and FC Barcelona were also among our early partners, but many more have followed since. Both Inter Milan and Valencia C.F will promote their Fan Tokens from the front of their shirts throughout the 2021/22 season.
The Argentina and Portugal national teams are on-board. Premier League teams including Man City, Arsenal, Everton, Leeds, and Aston Villa are too. Formula One™giants, leading esports teams, the UFC, and more are embracing Socios.com. Their presence across major U.S. sports leagues, especially NBA, is growing fast. And, by the time you read this many more teams will have joined too.
Since the beginning of 2021, CHZ has gone into overdrive as the global sports industry has embraced its offering en masse. In excess of one million fans globally are using Fan Tokens to engage with their teams. The global press has taken serious note. But, the most exciting part is, that they claim to be only at about 10% of their potential, and that’s despite the fact that they have now partnered with more than 120 clubs/teams from across the globe.
Chiliz has partners from leading sports teams from all over the world, with staff in every corner of the globe and offices in Spain, Malta, France, Turkey, Brazil, and South Korea. They will be adding to their collection of international hubs with more offices in North America and the UK soon.
Chiliz (CHZ) aims to be the driving force behind a seismic shift in how fans engage with their favourite teams; a change that is already sweeping across the global sports industry, but is not even close to taking full effect. Fantoken.com is another bold project that will raise the profile of their mission, giving more visibility to Fan Tokens and $CHZ globally.
Chiliz.net has a native token, CHZ. While other networks allow coin holders to vote for protocol changes, Chiliz.net built its core on CHZ. Since the blockchain’s goal was to give voice to sports fans, owning coins is the essence of Chiliz.net.
You will be able to use CHZ coins to buy Voice rights or sell them to other fans. Furthermore, by freezing a portion of your holdings on the platform, you will automatically gain an amount of Voices. This part of the technical architecture relies on the famous ETH intelligent contract system.
It is entirely up to each partner to choose the matters on which fans get a voting right. For example, management issues, matchmaking, and roster selection are specific topics on Chiliz.net.
The most external layer of the Chiliz.net platform relies on the Ethereum blockchain. Several entities have access to this system, including:
Partners – typically sports teams
Fans of the teams that have a partnership with Chiliz.net
The market vault consists of the public ledger of CHZ (the native token of Chiliz.net).
At this level, the network executes all the fans-to-fans token transactions. As a result, the partners earn revenue on the single exchange actions among fans. This incentivizing mechanism works thanks to the small trading fees on the CHZ market.
If you are interested to buy Chiliz (CHZ), just visited those big exchanges below:
1 CoinBase is a platform to purchase CHILIZ (CHZ) using a credit card or even your Bank Account. You only need to follow the steps and link your Bank Account or Credit Card for purchasing your first cryptocurrency. Use this link and you can get AUD 13.84 in free Bitcoin when you buy or sell AUD 138.41 or more. 2. Binance Exchange - you can purchase CHILIZ on Binance using your mobile phone or desktop. You only need to follow the step as instructed. You can also receive a 25% discount on trading fees using Binance Coin (BNB) instead of cash. Use this link for a bonus 10% discount. 3. Crypto.com MCO/CRO - this is a favourite for many reasons, as you can earn interest on a wide variety of coins, as well as apply for a crypto debit card. This operates similar to a pre-paid Visa card, where you top up before use, however, you can choose to top up with cash or crypto. For example, you can transfer Bitcoin (BTC) to the card and spend it like cash, or let it sit in the account and earn interest. Rates of interest on deposits vary from 2% up to 10% or more. New investors may receive up to $50 when using this link to create a new account. 4. Coinspot- you can purchase CHILIZ on Coinspot. You only need to follow the steps and if you sign up using this link above you will get $10 worth of Bitcoin. 5. FTX -- you can purchase many coins on FTX, and also stake coins to earn interest. Use the link here to get a free random coin when you open a free account. Will it be Bitcoin, ETH, or DOGE? Who knows, but it's free :) Congratulations on educating yourself about this crypto project through Cryllionaire.com. We also profile a few coin projects, CEO interviews, and group chats on our Youtube channel https://www.youtube.com/c/cryllionairecryptoeducation If you find investing on your own to be difficult or time-consuming, we have you covered! Bostoncoin is a "done for you" diversified crypto fund where you can easily invest in 30-40 coins. A professional hedge fund manager takes care of the investment, so you can take care of your busy lifestyle. Join the community and find out more at www.BostonTrading.co You are always welcome to contact us if you would like to start learning about cryptocurrency or if you have any questions in your mind.