Chiliz Research Hub | CHZ information, history and analysis
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.
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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SBI Digital Asset Holdings, the crypto asset arm of Japanese securities and banking giant SBI Holdings, announced its partnership with sports blockchain provider Chiliz in a bid to expand the sports fan token ecosystem in Japan.
The pair said in a statement that they plan to set up a joint venture in the country to provide local fans access to tokens from popular football clubs such as Manchester City and AC Milan.
Major cryptocurrency exchange OKX has forged a strategic partnership with Chiliz Chain, becoming a pivotal validator.
By leveraging its robust infrastructure, OKX aims to propel the Chiliz Chain towards greater efficiency and reliability, ensuring seamless operation of smart contracts and steadfast transaction verification.
Chiliz (CHZ) and K League forge partnership
The K League, South Korea’s premier professional football league, has announced a multi-year strategic partnership with SportFi pioneer, Chiliz.
This integration underscores the K League’s commitment to leveraging cutting-edge technology to enhance fan experience and expand its brand presence worldwide.
Whale accumulated 157,000,000 CHZ
According to Whale Alert, in the last 24 hours, 157,000,000 CHZ was transferred from Binance to an unknown wallet. This amount of CHZ is worth $10,002,860.
Fan token project chiliz sets up $50 million incubator backed by Jump Crypto
Chiliz, a blockchain-based sports token platform, is starting a $50 million incubator program called Chiliz Labs to target early-stage projects in the sports and entertainment industries.
The program is backed by Jump Crypto, the investment arm of Chicago-based market maker Jump Trading Group.
Chiliz launches new layer-1 blockchain
Chiliz, the blockchain-based sports token that allows fans to own tokens tied to respective teams, has validated the genesis block of its new layer 1 blockchain.
The blockchain has a system of 11 active validators with PoSA (Proof of Stake Authority) consensus. The aim is to support faster transactions, lower fees and lower energy consumption.