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What is Chiliz (CHZ)?

Chiliz basic info

Name:Chiliz

Ticker:

CHZBuy now

Introduction:

What Is Chiliz?

Chiliz is a specialized blockchain platform designed for the sports and entertainment industry. Founded in 2018 by entrepreneur Alexander Dreyfus, Chiliz has quickly become a leader in fan engagement and tokenization within the sector. Chiliz's flagship platform, Socios.com, is the first and largest fan token platform, allowing sports fans to engage with their favorite teams, access exclusive benefits, and participate in certain club decisions. This innovative application of blockchain technology has attracted partnerships with over 120 top-tier sports teams and organizations across football, UFC, Formula One, the NBA, and eSports, including clubs like Manchester City, Arsenal, Paris-Saint Germain, Atlético de Madrid, A.S. Roma, and FC Barcelona.

Chiliz's rapid success stems from its unique approach to fan engagement, offering tangible benefits to both fans and sports teams. In 2018, Chiliz raised an impressive $66 million in private fundraising, drawing high-profile investors who recognized the platform's potential. This initial investment enabled Chiliz to expand its influence and establish itself as a major player in the sports and entertainment industry.

Resources

Resources: https://www.chiliz.com/docs/CHZ_whitepaper.pdf

Official Website: https://www.chiliz.com/

How Does Chiliz Work?

Chiliz uses its native token, CHZ, as the main currency for its platform. Fans buy fan tokens representing their favorite teams with CHZ, which gives them perks like participation in exclusive polls, access to behind-the-scenes content, and special experiences with their chosen teams. Fan tokens also serve as a medium of exchange on Socios.com, allowing users to trade and swap tokens with others.

Chiliz's technology relies on a side chain utilizing the Proof-of-Authority (PoA) consensus mechanism, where node validators are chosen based on identity and reputation. Though less decentralized than Proof-of-Work (PoW), PoA offers better scalability and faster transaction speeds, more suitable for high-volume, fast-paced fan token transactions. The CHZ token is available in both ERC-20 and BEP-2 formats, making it compatible with multiple blockchain ecosystems.

What Is CHZ Token?

CHZ is Chiliz's native token, powering all transactions on the platform and enabling fans to buy fan tokens for their favorite teams. CHZ plays a vital role in fostering a lively and active ecosystem within Chiliz. Fans can acquire CHZ tokens by purchasing them on cryptocurrency exchanges or earning them through engagement in the Chiliz ecosystem. As the platform grows and more sports teams and clubs issue fan tokens through Chiliz, demand for CHZ tokens is expected to rise, increasing their value.

Chiliz's Impact on Finance

Chiliz is set to make a significant mark on the financial sector. It offers fans a new way to engage with their favorite sports teams and provides investors with a new asset class for portfolio diversification. The growing Chiliz platform and the increasing number of partnered sports teams and clubs are likely to drive demand for CHZ tokens, boosting their value. The introduction of fan tokens also opens up a new market for sports memorabilia and collectibles, giving fans and investors a novel way to profit from their sports enthusiasm.

What Determines Chiliz's Price

The Chiliz price today is influenced by a myriad of factors rooted in its unique ecosystem. The CHZ token price is primarily driven by its utility in the Socios.com app, a platform where fans can transform from passive spectators to active participants in their favorite sports teams' decisions and experiences. The current price of Chiliz is closely tied to the demand for fan tokens, which are traded using CHZ as the primary unit of exchange, fostering a vibrant marketplace where the Chiliz crypto price responds to the dynamics of fan engagement and participation.

The CHZ price prediction is often centered around its innovative approach to fan engagement. Through the Socios.com app, users can acquire fan tokens by exchanging CHZ, thereby getting a say in various team decisions and gaining access to exclusive rewards and experiences. This active participation is a cornerstone in determining the Chiliz (CHZ) price chart, as it creates a direct link between fan engagement and the CHZ cryptocurrency price. Moreover, the Chiliz price live is influenced by the partnerships and collaborations that Chiliz forms with sports teams globally, with notable milestones including partnerships with FC Barcelona, AC Milan, and several NBA and NFL teams.

Diving deeper into the technical aspects that influence the Chiliz (CHZ) price history, it operates on a Proof of Authority (PoA) consensus mechanism, a variant of the Proof of Stake (PoS) system. This consensus mechanism, where nodes stake their identity rather than cryptocurrency, plays a pivotal role in the CHZ price analysis, ensuring transaction integrity and fostering trust within the network. Furthermore, the Chiliz (CHZ) price forecast is often linked to its token distribution strategy, with a fixed supply of 8,888,888,888 CHZ tokens, fostering scarcity and potentially driving up the Chiliz price in USD in response to increased demand.

Looking ahead, the Chiliz (CHZ) price update is expected to reflect the platform's continuous innovations and expansions. The recent launch of the Scoville testnet, a blockchain that facilitates the creation of fan tokens and other DeFi products, is a significant milestone that could influence the Chiliz token price prediction. As the platform evolves to include features like Play2Earn games and merchandised certifications, the real-time Chiliz price is poised to be a dynamic reflection of its growing ecosystem, where fan engagement meets blockchain innovation, potentially ushering in a new era of sports entertainment and monetization.

Current price:

$0.06451More price details

All-time high:$0.8915

All-time low:$0.004001

CHZ supply and tokenomics

Circulating supply:9,121,825,000 CHZ

Total supply:9,121,824,867 CHZ

Max supply:0 CHZ

Market cap:$588.46M

Fully diluted market cap:$588.46M

Token allocation:

Private Placement

34.50%

User base Reserve

20.00%

Marketing Operations

15.00%

Strategic Acquisitions

15.00%

Seed Investors

7.50%

Team

5.00%

Advisory Board

3.00%

Tokenomics:

Uniqueness

Every sporting organization using the Chiliz technology has a limited supply of fan tokens that are offered at an initial FTO (fan token offering). These tokens are offered on a first-come-first-serve basis, with the opening price and fully diluted market cap disclosed by Chiliz beforehand. The native CHZ token is used to purchase fan tokens and acts as the platform’s internal currency. Fans can then vote on the Socios platform with their fan tokens, a process made possible using smart contracts . Clubs determine the amount of influence fans have. Decisions can range from new jersey designs to deciding team matchups in exhibition games.

Chiliz pioneered direct participation for average sport fans in the decision-making process of clubs and organizations. The company is constantly creating new ways for fans to engage, with the establishment of the Chiliz Blockchain Campus, a privately-owned crypto incubator focused on accelerating blockchain technology adoption across Asia and Europe as an example. The company estimates to be at about 10% of its potential, despite the fact that it will likely have 80-100 teams as a part of its network by the end of 2021.

Links

Website:https://www.chiliz.com/

X:https://twitter.com/chiliz

Buy Chiliz for $1Buy CHZ now

What is the development prospect and future value of CHZ?

The market value of CHZ currently stands at $588.46M, and its market ranking is #121. The value of CHZ is widely recognized by the market. When the bull market comes, the market value of CHZ will likely continue to increase.

Moreover, if CHZ can play a greater role in practical applications, such as Chiliz builders fully leveraging the potential of CHZ, partnering with more businesses, and increasing its user base, the long-term value of CHZ will be significantly enhanced.

What will the price of CHZ be in 2025?

Based on CHZ's historical price performance prediction model, the price of CHZ is projected to reach $0.07041 in 2025.

What will the price of CHZ be in 2030?

In 2030, the CHZ price is expected to change by -20.00%. By the end of 2030, the CHZ price is projected to reach $0.09689, with a cumulative ROI of +56.57%.

Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of CHZ and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

CHZ price CHZ price prediction CHZ news

Is CHZ worth investing or holding? How to buy CHZ from a crypto exchange?

If you want to buy CHZ, the following information may be helpful for your investment decisions:

In the last seven days, the price of CHZ has risen by 14.78%, leading to positive returns for most CHZ investors. The market is currently optimistic about the price trend of CHZ.

It is important to note that the current price of CHZ has retreated by -92.76% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.

Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.

To decide whether CHZ is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.

Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in CHZ or any cryptocurrency comes with certain risks and uncertainties.

Regardless of your outlook on the development prospects and future trends of CHZ, if you want to buy or sell CHZ, you can consider Bitget for your trading needs. The best place to buy CHZ is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.

Investing in Chiliz has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Chiliz. Here's a step-by-step guide on how to buy Chiliz on Bitget.

Buy CHZ now Coin buying guide

How to get Chiliz through other methods？

Using cash to buy Chiliz is not the only way to obtain Chiliz. If you have the time to spare, you can get Chiliz for free.

Learn how to earn Chiliz for free through the Learn2Earn promotion.

Earn free Chiliz by inviting friends to join Bitget's Assist2Earn promotion.

Receive free Chiliz airdrops by joining ongoing challenges and promotions.

All crypto airdrops and rewards can be converted to Chiliz through Bitget Convert, Bitget Swap, or spot trading.

What is Chiliz used for and how to use Chiliz?

The use case of Chiliz may expand as the crypto market and the project itself develop. Currently, you can use CHZ to achieve the following goals:

Arbitrage by trading CHZ: Since CHZ is a frequently traded cryptocurrency, the price of CHZ is always fluctuating. Earn more CHZ by buying low and selling high on the exchange. Bitget spot market provides a variety of CHZ trading pairs to fully meet your needs.

Earn by staking CHZ: You can also generate income through financial management methods such as staking CHZ or lending CHZ. Bitget Earn offers a variety of financial products designed to help you earn more income from your CHZ.

Send or pay CHZ: If you want to give CHZ to your friends, a charity, or a fundraiser, or you want to pay someone with CHZ, you can quickly and easily send CHZ to the recipient through their payment address.

You can also go to the official website of the Chiliz project to learn more about the use cases of CHZ. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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