Chiliz

Cryptocurrency Chiliz (CHZ)

CHZ is a Chiliz token that operates on the Socios.com portal. Portal users are sports fans. This portal allows sports fans to become more actively involved in the activities of their favorite teams and leagues. Chiliz has created its own platform to allow fans to engage more actively with their preferred sports teams. The interaction between clubs and fans is as follows:

• The football club determines how many decisions the fan community can make;
• On the socials.com platform, a certain number of so-called fan-communities are generated tokens;
• Fans buy these tokens and vote through the socials.com platform, the more fan tokens a person has, the more significant their vote.
• The CHZ token is currently available on two blockchains : on the Binance chain (BEP-2 token) and on Ethereum (ERC-20 token).

Chiliz is focused on both real and virtual sports. There is a fan-distributed, wide-ranging GPL that was invented for the association of eSports and modern gaming. This platform is fully supported by donations from CHZ. It is worth noting that all rights of users of this platform are protected, voting is carried out using smart contracts. This makes direct interaction between teams and their fans possible. CHZ's unique fan tokens allow holders to vote in polls that partner clubs publish on the service.

Among the achievements of Chiliz (CHZ) we can highlight:

• $66 million raised through private placement of tokens;
• More than 50 strong internal teams, no. which is constantly growing;
• Partnerships with world-class sports clubs.

CHZ gives football teams the opportunity to create a completely new economy that can be monetized. Moreover, Chiliz is creating a completely new ecosystem for fan engagement. The main goal of the project at the moment is to attract other sports and entertainment to its platform, such as UFC.

History of the Chiliz project

The creation of CHZ has been discussed since 2017. There have been many variations on the current Chiliz project. Active work on product development and personnel recruitment began in the first months of 2018. The Chiliz project was originally based in Malta, but now has an office in France, as well as Seoul, Singapore and Buenos Aires.

Chiliz is fan token< /a>. This means that fans exchange CHZ for fan tokens and vote, their votes are counted through smart contracts and the result is recorded on the blockchain. What do the sports teams themselves get? They earn additional profit through tokenization. In addition, each team has a portion of the commission that is charged on all transactions. Juventus was the first team to use CHZ. Then the football club "Paris Saint-Germain" joined it. After this, many teams also started using Chiliz, for example Club Atlético de Madrid, West Ham United , Associazione Sportiva Roma and the OG eSports team. Owning exclusive branded tokens of partner clubs means providing fans with access to unique content, public relations and certain leadership functions. There are about 50 teams participating in the Chiliz platform and their number is growing.

CHZ Benefits

1. Financial clarity and credibility. There are reputable campaigns that work with the EU banking system under full control that support the project. This means that all company accounts are publicly accessible and 100% verified.
2. Good partnerships. Chiliz has created several strategic alliances in different regions and in different disciplines. This project is supported by progressive esports institutions, the government of Malta, Playtech, and celebrities from the esports universe. This increases the chances of quickly becoming part of the global eSports market.

Disadvantages of CHZ

1. Chiliz does not have mining, all tokens are issued immediately.