What Is Chiliz
Chiliz can be defined as the world's leading blockchain fintech provider when it comes specifically to sports as well as entertainment. It developed the Socios.com fan engagement platform that is entirely built on the Chiliz blockchain infrastructure. The platform, as well as anything else built on the Chiliz blockchain, uses CHZ, which is the exclusive on-platform currency.
Furthermore, CHZ is one of the most significant digital currencies when it comes to sports and entertainment, which powers the world's first blockchain-based engagement and rewards platform.
On the platform itself, users have the opportunity to purchase and trade branded fan tokens alongside having the ability to participate, influence as well as vote in club-focused surveys and polls.
It has a large market cap, and due to this market cap, a lot of people engage in trading the token on the market. Keep in mind that this is not trading advice and not market advice. Chiliz has a lot of partners and has a high volume. CHZ is a tradable token, and its marketing is sports-oriented. If you are in the market for something true fans will adore, this is for you, especially when you see the trading volume it has. If you have favorite sports teams, this is an excellent choice at its current price and market cap. The Chiliz price will change over time, and it is a volatile Chiliz price, so keep that in mind as you view the volume. This is not advice, just general information.
Chiliz was founded by Alexandre Dreyfus, who is an entrepreneur with years of experience within gaming as well as other industries. His previous work includes starting the company Webciuty, which was an interactive tourism guide platform, and he also co-founded Windamax, which became one of the best online poker sites in France.
Chiliz was founded in Malta in 2018, with a vision to be a bridge between the fans who are active and the fans who are passive. In other words, it attempts to provide millions of fans a Fan Token that will be a tokenized share of influence in a way.
How Does CHZ Work
The Chiliz (CHZ) token is what essentially fuels Socios.com, which is the customer-facing platform of Chiliz. Fans can utilize these fan tokens to participate in polls as well as surveys, where they can be rewarded because of their active engagement. CHZ Tokens are a requirement if you want to participate in Fan Token Offerings (FTOs), which is the initial sale of Fan tokens, and Socios Locker Room which shows potential partner clubs which showcase how much demand there is for Fan Tokens.
Through this process, the brands will be further incentivized to join Socios.com.
Fan tokens can be traded in-house on Chiliz's exchange Chiliz.net against the Chiliz Token, which is known as CHZ.
The CHZ token has a high level of liquidity and is traded on some of the biggest as well as globally available exchanges.
As of now, there are more than 25 major sports as well as esports organizations such as FC Barcelona, Juventus, AC Milan, Manchester City, Paris Saint-Germain FC, and others that have launched their own Fan Tokens on the platform in a high volume.
Keep in mind that in the future, there is potential for many more leading ones as well as entertainment properties from across the world to launch their Fan Tokens.
Chiliz has many office locations based around the globe, such as in Korea, Turkey, Switzerland, and has plans for expanding further.
Where Can You Buy Chiliz (CHZ)
Chiliz has a total supply of 8,888,888,888 coins.
If you want to buy, sell or trade Chiliz, you can do so on the following exchanges, including Binance Futures, Binance, Upbit, OKEx, BitZ, BitMart, and HuobiGlobal. Also go ahead and check out our article on how to buy Chiliz to learn more. Note that as the Chiliz demand rises, so will the CHZ price. This means that the Chiliz price can expand over time and have an even higher market cap. Its current price is just an indication of how much it can grow, and this is also dependent on its max supply.