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Information about Chiliz (CHZ)
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:
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.
News
New partnership enhances fan engagement: Chiliz (CHZ) has partnered with Fan Rating to boost fan engagement in soccer through a blockchain-integrated analytics app. This initiative allows fans to rate players, reward participation, and strengthens the Chiliz ecosystem for future development.
Future projections for CHZ: The partnership aims to expand beyond soccer, promoting diverse sports interactions. Despite recent fluctuations, price forecasts for CHZ suggest potential peaks between 0.1316 USD and 0.1672 USD, depending on Bitcoin’s recovery.
Fan tokens gain popularity: Fan tokens connected to football clubs are gaining traction in the crypto realm. They have surpassed 500 million USD in trading volume within 24 hours. Events such as the Euro Cup in 2024 have further propelled their popularity and visibility among sports enthusiasts.
Chiliz enhances ecosystem: Chiliz is driving fan token interest by revamping its tokenomics and increasing CHZ supply. The blockchain’s new decentralized applications connect sports franchises with their fans in Web3 environments, stimulating interaction and engagement. This effort aims to solidify its position in the growing SportFi sector.
Benefits over celebrity tokens: Fan tokens offer more stability compared to celebrity assets. Anchored in established sports communities, these tokens provide voting rights and exclusive benefits, promoting blockchain adoption. Binance initially supported fan tokens with dedicated launches but interest has fluctuated, leading to speculation about future developments.
Fan tokens gain popularity: Fan tokens connected to football clubs are gaining traction in the crypto realm. They have surpassed 500 million USD in trading volume within 24 hours. Events such as the Euro Cup in 2024 have further propelled their popularity and visibility among sports enthusiasts.
Chiliz enhances ecosystem: Chiliz is driving fan token interest by revamping its tokenomics and increasing CHZ supply. The blockchain’s new decentralized applications connect sports franchises with their fans in Web3 environments, stimulating interaction and engagement. This effort aims to solidify its position in the growing SportFi sector.
Benefits over celebrity tokens: Fan tokens offer more stability compared to celebrity assets. Anchored in established sports communities, these tokens provide voting rights and exclusive benefits, promoting blockchain adoption. Binance initially supported fan tokens with dedicated launches but interest has fluctuated, leading to speculation about future developments.
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