Exchange Chiliz (CHZERC20) at the Best Rates

Chiliz Coin: Blockchain Entertainment Provider of the Future

Blockchain has a lot of potential applications. From fintech to healthcare, it might soon spread to any area of life. One of the possible use cases might be entertainment, and this is the niche Chiliz crypto project has been trying to claim for itself since 2018. Chiliz is a startup that allows sports fans to have unique experiences with their favorite teams. In its essence, it isn’t a crypto company, but rather a company that uses crypto as an essential technology in achieving its business goals.

Chiliz was founded in 2012 as part of Malta-based Mediarex Group, an international sports and entertainment organization. Active work on the blockchain-based Socios platform began in 2018. In the beginning, Chiliz raised $66 million through private placement, the largest portion of which is being used to fund the buildout of the world’s first fan engagement and rewards app, Socios.com. 

Socios.com is a crowd management platform and the first scalable, mainstream hub for fans to buy tokenized voting rights in their favorite teams. Their app counts many of the world’s football clubs and esports teams, including FC Barcelona, Juventus, Paris Saint-Germain, Atlético de Madrid, AS Roma, Galatasaray, OG, Team Heretics, UFC, Apollon Limassol, and a number of others. So what is the potential behind Chiliz? Let’s take a closer look at some of its features.

How Does Chiliz Crypto Work?

Chiliz was created with the goal to reach the largest football community in the world and serve as a marketplace for football fans. Sports and esports investors are usually corporate sponsors, independent wealthy financiers, and media corporations. This state of affairs excludes common fans from the process of decision-making that determines the strategy of the teams or organizations they follow. Chiliz has launched a tokenized fan voting platform to fill this gap. It not only gives weight to fans in the decision-making process but also provides additional revenue for sports and e-sport organizations.

As Chiliz is a fan-oriented project, sports fans are able to purchase the Fan Tokens of their favorite teams using the CHZ token, the native cryptocurrency of the Chiliz experience. As stated earlier, Fan Tokens can be bought for CHZ, and they are created and verified on the Socios sidechain via a Proof of Authority consensus algorithm. 

According to CoinMarketCap, the total supply of CHZ coin is 6.14B CHZ. The CHZ token operates both as an ERC20 token on the Ethereum blockchain and as a BEP2 token on the Binance Smart Chain. CHZ tokens can be bought from the platform’s own exchange, Chiliz.net, as well as from top international cryptocurrency exchanges.

Once a fan purchases CHZ tokens, they can use them to purchase Fan Tokens of their favorite teams from Socios.com. Dozens of teams and sports organizations around the world, including FC Barcelona and Aston Martin Cognizant Formula1 team have held Fan Token Offerings (FTOs) for their loyal supporters. Each franchise can customize their Fan Token’s price, supply, distribution as well as the special rewards and abilities that Fan Token enables.

CHZ Crypto: Use Case

There are many examples of CHZ coin use cases. For instance, Atlético de Madrid club allowed token holders to select the celebration song that would be played over loudspeakers when the team scored a goal. Fan Token holders chose a specific track as a replacement for their older song, and the team made the change. As you can see, CHZ holders now have the power to engage with their favorite teams.

Importantly, Fan Tokens can also be burned, or removed from circulation, based on the team’s performance, meaning outcomes such as winning games or scoring points could make the Fan Tokens more scarce, and therefore more valuable.

If you have a team-branded NFT for a club that is running a poll, you get a vote. If you have two NFTs, you get two votes. Your influence over decision-making grows as you acquire more of the team’s fan tokens. That creates an incentive for users to purchase and trade and acquire more NFTs.

Teams and entertainers can offer additional benefits for Fan Token holders, including premium seats at events, live-streamed events, team-branded merchandise, gamification programs, and leaderboards. As fans acquire more of a team’s branded NFTs, they gain more benefits and a closer relationship with the team. Prices for Fan Tokens also rise and fall according to team popularity and the laws of supply and demand.

Chiliz Chain 2.0 Testnet Called Scoville

Chiliz has come up with a testnet called Scoville that has just entered its fifth phase. It’s a curated, scalable, semi-decentralised blockchain for start-up and enterprise level sports and media organizations. It should serve as a foundation of a Web3 development ecosystem where stakeholders from the sports and entertainment industries are able to build Web3 experiences within a community.

Among the features of this innovative testnet are:

• Optimal scalability to enable user-centric platforms capable of on-boarding fans at scale. The network’s development is supported by leading blockchain infrastructure provider ANKR.
• A governance structure that enables robust development curation access while offering whitelisted developers the freedom to create both centralized and decentralized platforms/products.
• Exposure to the adoption benefits of building within a framework already used by the global sports and entertainment community at an organizational and fan level as well as direct integrations with global digital asset exchanges.

Chiliz Coin Price Prediction

Crypto sources are generally optimistic about CHZ coin price. For instance, DigitalCoinPrice expects the token to reach $0.74 in 2026, while its Chiliz price prediction for 2030 saw CHZ potentially climbing to $2.38. Other experts, for instance, PricePrediction believe that the token might reach $5.61 in 2030.

When considering any CHZ price predictions, it is important to keep in mind that cryptocurrency markets remain extremely volatile, making it difficult to accurately predict what a coin or token’s price will be in a few hours, and even harder to give long-term estimates. 

Today CHZ price is $0.070177.

Is Chiliz (CHZ) Coin a Good Investment?

In its essence, the Chilli crypto has two major uses. Some people acquire it so they can purchase Fan Tokens and support their favorite teams at Socios. Others acquire the token as an appealing investment alternative that is somewhat shielded from ups and downs in the broader crypto market. CHZ could be an alternative or addition to stablecoins in creating a balanced crypto investment portfolio.

One of the advantages of the platform is its financial transparency. Being under full regulatory supervision, the company works with the banking system of the European Union. It means that it has verified and publicly available accounts, which is a great advantage when it comes to the ecosystem’s stability.

Additionally, Chiliz has forged strategic partnerships with major sports clubs and brands globally. They have staff in almost all corners of the world and offices in Malta, Spain, France, Turkey, Brazil, and South Korea. Besides, they are planning to add to their collection of global hubs with more offices in the U.S. and the United Kingdom. More partnerships are expected, and CHZ might fuel a change in how fans engage with their clubs. Socios is the first consumer-facing revolutionary project of Chiliz thought to enhance its profile mission by bringing more visibility to fan tokens and CHZ worldwide. In general, the project is expected to develop and gain even more popularity.

Where to Buy Chiliz Coin?

If you’re looking for a place to buy CHZ token, StealthEX is here to help you. You can make the purchase privately and without the need to sign up for our service. Our crypto collection has more than 600 different coins and you can do wallet-to-wallet transfers instantly and problem-free.

How to Buy CHZ Coin?

Just go to StealthEX and follow these easy steps:

1. Choose the pair and the amount you want to exchange. For instance, BTC to CHZ.
2. Press the “Start exchange” button.
3. Provide the recipient address to transfer your crypto to.
4. Process the transaction.
5. Receive your crypto coins. 

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Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.