Chiliz, the token of Socios.com, aims to offer sports and esports fans the opportunity to engage with their favorite teams, games, leagues, and events in a robust manner.
What is Chiliz (CHZ)?
Chiliz is a currency option for blockchain-supported products and services aimed at mainstream users. By offering alternative payment solutions for fan and supporter participation in the entertainment sector and traditional products, Chiliz strives to enhance quality in everyday life.
Chiliz provides blockchain-based tools to sports and entertainment organizations, helping them engage with their audience and monetize these interactions.
The fan engagement platform Socios.com is built from scratch on the Chiliz blockchain infrastructure and uses CHZ as its exclusive in-platform currency. Socios.com allows fans to purchase branded Fan Tokens from some of the world’s biggest and most recognized sports teams, including FC Barcelona, Juventus, Paris Saint-Germain, AS Roma, Galatasaray, Atlético de Madrid, OG, CAI, and UFC.
Fan Tokens purchased on Socios.com enable users to influence their teams through popular voting and become eligible for interaction-based team rewards and recognition. All Fan Tokens are minted using the Chiliz blockchain, and all in-platform voting is conducted using a series of smart contracts operating through the Chiliz blockchain.
At the time of preparing this article, CHZ Coin, which is trading at 0.0512 USD, is also trading at 0.0000009278 BTC in the CHZ BTC trading pair. According to CoinMarketCap data, CHZ Coin, ranked 121st with a trading volume of 277,298,497 USD, has a 24-hour trading volume of 109,551,810 USD.
Additionally, CHZ Coin, which hit a record high of 0.0667 USD on February 21, 2021, also saw its lowest level at 0.0040 USD on September 27, 2019. Currently, there are 5,441,101,150 Chiliz Coins in circulation, with the number expected to reach a maximum of 8,888,888,888 Chiliz Coins.
Where to Buy CHZ Coin?
To purchase CHZ Coin, one must first register on Binance and then send fiat currency. Following the transfer of a fiat currency like the US Dollar, the purchase can be made in the CHZ trading pair with Binance Coin (BNB), Tether (USDT) or Bitcoin (BTC).