Chiliz is a digital currency, named under CHZ abbreviation, that you can use in the sports world as well as in the entertainment platforms. CHZ is a utility token in the Ethereum blockchain and it is Socios.com platform’s official cryptocurrency. It was founded in 2012 by the current CEO of the company, Alexandre Dreyfus, in Malta. To understand why you should invest in Chiliz coins, let me walk you through.
Chiliz is a digital currency option for products and services, based on blockchain. These CHZ tokens are meant for the mainstream consumers. With the help of their unique system, Chiliz want to:
Blockchain-based tools are provided by Chiliz to the entities associated with sports and entertainment for enabling them to enhance engagement and monetize their audiences.
All these facts and figures will help you to make a decision on investing in Chiliz’s native token by making CHZ to USD price predictions:
Currently, the relationship between clubs and their fan bases is not active. To do away with this passive relationship, Chiliz decided to provide millions of sports and esports fans with the power of direct voting in their favorite football clubs. In this way, a football fans doesn’t remain a mere passive spectator anymore. Instead of being passive spectators, they become club’s active participants through fan influence.
The decisions that the fans can influence is determined by specific teams. These decisions usually revolve around new jersey designs, decision of team matchups in exhibition games, and many more.
CHZ is the exclusive on-platform currency of Socios.com fan engagement platform, which is again created on the Chiliz blockchain infrastructure. The fans of Socios.com are allowed by the platform to buy branded Fan Tokens from leading and favorite sports teams such as FC Barcelona, AS Roma, Paris Saint-Germain, Juventus, Atlético de Madrid, OG, Galatasaray, CAI & UFC.
It is important to note that the Chiliz blockchain is used for minting all the fan tokens. Execution of all on-platform voting takes place with the help of a series of Chiliz blockchain-based smart contracts. These fan tokens, using the Chiliz technology, are limited in supply. These tokens are offered on a first-come-first-serve basis through an initial fan token offering or FTO.
When the initial FTO is offered, Chiliz discloses both the opening price as well as the fully diluted market capitalization beforehand. For purchasing fan tokens, the native CHZ token is used. It acts as the internal currency of the platform.
When you buy these fan tokens of these leading soccer clubs on sports entertainment platform Socio.com, you get a popular voting right to influence decision making on your favorite teams. In fact, with these fan tokens you also become eligible for engagement-based team rewards as well as recognition.
The Chiliz company is constantly using new fan engagement ways so that the platform always remains vibrant and continues to create value for the soccer fans always. To this end, the platform has also established a privately-owned crypto incubator called the Chiliz Blockchain Campus. It focuses to accelerate adoption of blockchain technology throughout Europe and Asia.
Reports say that by the end of 2021, the Chiliz company will partner with anywhere from 80 to 100 teams. Despite such large scale partnership, it is reportedly taps just 10% of its potential.
Currently (as of September 27, 2021), the price of each Chiliz crypto coin, CHZ, is hovering around US$0.2628. There are many companies that have made prediction about the future price of Chiliz CHZ. Let’s take a quick look at the Chiliz price forecast by the end of 2021 and in the coming 5-years.
You can buy Chiliz cryptos from many top cryptocurrency Chiliz exchanges:
CHZ is still not available for trade on Coinbase or Coinbase Pro.
The best cryptocurrency wallets to store Chiliz coins (CHZ) are:
You can buy and sell Chiliz CHZ and other digital assets against various fiat currencies (US Dollar USD, British Pound, Canadian Dollar CAD, South Korean WON, Singapore Dollar, Chinese Yuan, Hong Kong Dollar, etc.) through a wide array of crypto exchanges (centralized or decentralized exchanges). Use Dollar Cost Averaging DCA strategy to invest in cryptos to minimize the risks associated with high volatility.
If you want to increase your investment explosively in the coming 5-to-10 years, buy crypto coins now. Keep an eye on the market news, price statistics, block times, blockchain news, and others to time your trading of Defi systems and tokens for maximum profit.
You can also diversify your crypto coin portfolio by including other cryptocurrencies such as Chiliz CHZ, AAVE, Ripple XRP, Bitcoin Ether ETH, Bitcoin Gold (also called Bit Gold), Bitcoin Cash BCH, Basic Attention Token, Ethereum Classic, Binance Coin, Wrapped Bitcoin (some also call it wrap bitcoin or wBTC), USD Coin, Gemini Dollar, ERC20 tokens (created on Ethereum blockchain), nonfungible tokens NFTs, and others.
Also, invest in various types of stocks, mutual funds, index funds, real estate, and others to improve your personal finance. If possible, get help from a portfolio manager or wealth management firm for maximum return.