CHZ Price today

Chiliz (CHZ) is the world’s first Blockchain-based sports platform. The Chiliz team has created a platform that allows users to both hold cryptocurrency and have the opportunity to vote for their favorite teams or sports using Blockchain technology.

Chiliz applies Blockchain technology (Smart Contracts) to provide fans with voting rights so they can get involved in the management of clubs, games, tournaments, and events. Furthermore, under Chiliz’s ecosystem, sports teams, leagues, and events can profit from the sale of voting rights to fans.

CHZ is an Ethereum Token based on the ERC-20 standard. CHZ serves as a utility token on the Chiliz (CHZ) platform, incentivizing the development of the ecosystem.

CHZ is used for:

• Payments: The CHZ Token is used to pay for services like team voting rights and converting between Voices Token and Chiliz Token.
• Profit sharing: All parties involved in the ecosystem’s development will earn a share of the revenue generated by the Chiliz platform through user fees.

Furthermore, CHZ is regarded as an investment asset in the Crypto market, helping investors in finding successful possibilities and sharing in the profits generated by the Chiliz platform’s operations.