Hello Publish0x community and welcome back in this new article of my “Easy & Short Cryptocurrencies Made Accessible” area.
With this article we are going to introduce the 37th cryptocurrency of this section with the 80th “E&S” article.
Today we will talk about Chiliz (CHZ)!
In the last review, I talked about Gala Games (GALA). If you missed my last review, you can recover it here: https://www.publish0x.com/easyshort-cryptocurrencies-made-accessible/e-and-s-gala-making-blockchain-games-youll-actually-want-to-xglxqvz
Chiliz is a project born during the last years and with a business model completely innovative and different. In fact, the project considers many features, in each case related to the world of cryptocurrencies and tokenized assets. The real novelty is represented by a platform called Socios.com. Within it you can buy a new class of assets, namely Fan Tokens. For those who do not know them, Fan Tokens can be considered tokens in all respects, associated with a football club, or any other sports club that decides to participate in the project. They allow the fans of the clubs to interact directly and actively on many aspects. The basic idea is therefore to make dynamic the interest shown by fans of football (or other sports), allowing fans to support the team.
Team
Chiliz was born in 2016 thanks to the idea of Alexandre Dreyfus, founder and CEO Socios.com. In 2018, once the technology was developed, a public sale opened that generated $66 million in revenue, most of the capital used to refine and set up the Socios.com website. Then, since October 2018, there has been a steady issuance of CHZs, with a distribution of 8.8 billion tokens, thanks to the listing on various Exchanges such as Binance, BitMex or Kucoin. The Socios.com platform was launched in December 2019; then, as mentioned, Juventus was the first known company to produce its own fan token (JUV), giving fans the ability to vote via blockchain.
The Chiliz team is comprised of nearly 250+ cross-industry professionals across 27 different nationalities and is constantly growing.
Utilities
In this entire ecosystem, Chiliz token plays a key role. However, two things need to be clear:
- There is a Chiliz token (CHZ) on Ethereum, with the ERC-20 standard and dependent on ETH network resources.
- There is the native Chiliz token on the Chiliz network, which uses the ERC-20 standard on this network and has no user fees.
In any case, both tokens are equivalent (even though they are on different networks) and can interact with each other via internal bridges, which allow them to be exchanged via Chiliz Exchange. In any case, the Chiliz token has a maximum issue of CHZ 8,888,888.
As Chiliz is growing more and more, his team is also in constant need of new resources. For those interested, Chiliz has several job positions scattered around the world. You can see them all at this page: https://www.chiliz.com/en/careers/
As long as the team continues to add new partners to the platform, they are also building real value, which is promising for the long-term success of Chiliz when you consider that there are a high number of sports not yet explored by the platform, which could represent opportunities for further growth.
Next week we'll see new features of this project!
I invite you to follow me so you don't miss the second part of the article that will be released next Sunday.
Have you already invested in any fan token? Do you think these kind of token will have a future in the crypto field?
