What is Chiliz (CHZ) | What is Chiliz token | What is CHZ token
What is Chiliz?
Chiliz is a digital currency used in the world of sports and entertainment platforms, named under the abbreviation CHZ.
Specifically, it is a utility token in the Ethereum blockchain that is used as the official cryptocurrency of the Socios.com platform.
Given the current passive relationship in the world of sports between clubs and their fan bases, the creators of Chiliz decided to bring the parties closer. Chiliz was founded in Malta in 2012.
Chiliz’s goal is to give millions of sports and esports fans a coin to buy direct voting power in their favorite football clubs. In this way, fans cease to be mere passive spectators and become active participants of the club.
How does Chiliz work?
So as we could see Chiliz is a fan engagement with his favorite teams, which you can spend to support your favorite team and influence certain decisions and other things, this website you find at his ulr Socios.com.
This website has functions that give very good user experience, functions such as recognizing your PC, no matter how much you leave your account inactive always recognising you when you return saving all the rewards you have unlocked also save your preferences, and you will wonder where the startup information is stored in your PC specifically stored in your browser.
The CHZ fan tokens of each club are a finite digital asset that grant voting rights. The topics of the surveys are determined by the clubs themselves, but the possibilities are endless! You could decide from design issues of the club or who wins the “best player of the game”, to the locations of the friendlies matches of the summer and much more.
The more votes a fan casts, the higher its ranking will be within the platform, being able to get greater benefits as a follower. Access to unique rewards such as exclusive merchandising, prediction games, etc.
Barça**, Atlético de Madrid, Paris Saint Germain, Juventus, AS Roma, fc barcelona or Galatasaray** are just some of the clubs that are already in the platform.
$CHZ – The Rocket Fuel for Socios.com
The Socios.com fan engagement platform is built from the ground up on the Chiliz blockchain infrastructure & uses $CHZ as it’s exclusive on-platform currency. Socios.com allows fans to purchase branded Fan Tokens from some of the biggest and most renowned sports teams in the world including FC Barcelona, Juventus, Paris Saint-Germain, AS Roma, Galatasaray, Atlético de Madrid, OG, CAI & UFC.
Fan Tokens bought on Socios.com allow users to influence their teams via popular vote and become eligible for engagement-based team rewards and recognition. All Fan Tokens are minted using the Chiliz blockchain & all on-platform voting is executed as a series of smart contracts which run through the Chiliz blockchain.
What is the total supply of $CHZ?
8,888,888,888 $CHZ (8.8 Billion)
What is Socios.com?
Socios.com is the world’s first fan influence and rewards platform that helps sport entities achieve digital transformation through blockchain technology. Socios.com is powered by the Chiliz token ($CHZ), both an ERC20 utility token on the Ethereum blockchain and BEP-2 token on Binance Chain. Fan Tokens are specific to a team or a club, and are a finite, digital asset that provides access to an encrypted, immutable ledger of voting and membership rights ownership. The tokenized fan-voting platform uses Fan Tokens, which operate on a separate permissioned side chain. The Fan Tokens are limited in number, and are fungible, meaning their ownership can be traded, and their price is driven by the market. The venture was inspired by the fan-led management frameworks or ‘socios’ of some major football clubs. Dubbed ‘Socios 2.0’, the platform simply represents the digitisation of this model of management.
Why would football clubs, esports teams and other gaming organisations partner with Socios.com?
Socios.com is building a global community of sports fans, united by their passion for the game and their passion for their team. Using innovative technology, we’re creating a closer connection between the fans and the clubs by supercharging the way they interact with their team. Through Socios.com, supporters are able to directly influence club decisions. From choosing merchandise designs, in-game banners, naming a training ground or even choosing a goal celebration song, fans vote through Socios.com and whatever the outcome, the club will honour the decision of the fans, all while earning rewards and once-in-a-lifetime experiences.
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How and Where to Buy Chiliz (CHZ)?
CHZ has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy CHZ
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
After the deposit is confirmed you may then purchase CHZ from the exchange.
Exchange: The top exchanges for trading in Chiliz are currently Binance, Huobi Global, OKEx, HBTC, and FTX
Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once CHZ gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ https://www.binance.com
☞ https://www.bittrex.com
☞ https://www.poloniex.com
☞ https://www.bitfinex.com
☞ https://www.huobi.com
☞ https://www.mxc.ai
☞ https://www.probit.com
☞ https://www.gate.io
☞ https://www.coinbase.com
Find more information CHZ.
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Learn about Cryptocurrency in this article ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
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