What is Chiliz (CHZ)? Changing the Way Fans Interact with Favorite Teams

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Bittime - The world of sports and esports has grown tremendously in recent years, and along with that comes a new demand from fans to engage more deeply with their favorite teams. Chiliz (CHZ) exists as an innovative blockchain platform that aims to change the way fans interact with their favorite teams and players.

What Is Chiliz (CHZ)?

Chiliz (CHZ) is a Malta-based FinTech platform that provides the leading digital currency for the sports and entertainment industry. The platform operates Socios.com, a blockchain-based sports entertainment platform that allows users to participate in the management of their favorite sports brands.

Key Products &; Features of Chiliz (CHZ)

• Socios.com: The platform allows users to purchase Fan Tokens, digital assets that represent membership in a sports team or organization. Fan Tokens provide various benefits to their holders, such as voting rights in team decisions, access to exclusive content, and rewards.
• Socios.com Chiliz Exchange: A decentralized exchange (DEX) for trading Fan Token and CHZ.
• Chiliz Chain 2.0: A Proof-of-Stake (PoS) blockchain designed specifically for the sports and entertainment industry.

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What is CHZ token?

CHZ is an ERC-20 token used for various functions within the Chiliz ecosystem, including:

• Buying Fan Tokens on Socios.com
• Participate in the governance of Socios.com platform
• Pay transaction fees in Chiliz Chain 2.0

Also read: Fan Token: Blockchain Combination with Football Fan

Tokenomic Token CHZ

• Maximum supply: 8,888,888,888 CHZ
• Circulating Supply: 6,788,888,888 CHZ
• Market Cap: $1.3 billion (as of February 20, 2024)

Chiliz Fundamental Analysis (CHZ

• Partnerships: Chiliz has partnerships with several well-known sports teams, such as FC Barcelona, Manchester City, and Juventus.
• Adoption: The Socios.com platform has over 1.5 million active users.
• Technology: Chiliz Chain 2.0 offers high scalability and security.

Chiliz (CHZ) Comparison & Competitors

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Founder & Tim Chiliz (CHZ

• Alexandre Dreyfus: CEO & Pendiri
• Max Rabinovitch: CTO
• Socios.com Team: Consists of experienced professionals in the sports and blockchain industries.

Expert opinion about Chiliz (CHZ)

• JP Morgan: Predicts that the Fan Token market could reach $30 billion in the next few years.
• CoinMarketCap: Gives a "bullish" rating to CHZ with high growth potential.

Conclusion

Chiliz is an innovative platform with great potential to change the way sports fans interact with their favorite teams. The platform has strong partnerships, a growing user base, and cutting-edge technology. CHZ is an attractive token to consider for investors looking to get involved in the burgeoning sports and entertainment industry.

How To Buy Chiliz (CHZ) With Bittime

You can buy and sell Chiliz (CHZ) in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

Chiliz (CHZ) is available on Bittime with pairing CHZ/IDR

To be able to buy CHZ  tokens on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn How to Buy Chiliz (CHZ) on Bittime.

Monitor graphic movement of Chiliz (CHZ), Bitcoin (BTC) price, Ethereum (ETH), Solana (SUN) and other cryptos to find out today's crypto market trends in real-time on Bittime.

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DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. The price of crypto assets is volatile, where prices can change significantly from time to time and Bittime is not responsible for fluctuations in the exchange rate of crypto assets.