Today I want to tell you about my favorite cryptocurrency project. This is Chiliz and in this text I will tell you why :).
What do they write about themselves on their website:
„Chiliz is a currency option for blockchain-backed products & services geared towards mainstream consumers. We want to elevate everyday experiences – fan engagement in entertainment, alternative payment solutions for conventional products, and more. Chiliz provides sports & entertainment entities with blockchain-based tools to help them engage & monetize their audiences.”
As for me, it is one of the few tokens that greatly contributes to the global adoption of blockchain and actually uses blockchain in everyday life - more detail later 😉.
Now more about the token itself: 118th place on coinmarketcap with a market capitalization of $ 116,806,896. The token is currently available on 16 exchanges. Total supply is 8 888 888 888 and at this point in the market we have only 5 344 064 580 tokens on the market , that’s mean 60.12% all tokens (numbers taken from https://www.chiliz.com/cmc/ ).
Chiliz is "rocket fuel" for the Socios application where we can buy fan tokens of clubs cooperating with Chiliz. Chiliz also has its own Chiliz.net exchange, where we can trade Fan Tokens by CHZ . It is worth mentioning thatChiliz.net is positioning itself as the world’s first tokenised sports exchange, so it doesn’t just provide tradings for Fan Tokens, but also for the whole tokenised sports ecosystem. So you can find thatREVV token is also listed on Chiliz.net, which is related to the Formula 1 game.
As you can see in the gif in the twitt above, Chiliz does not only work with football clubs (to mention just a few, such as FC Barcelona, Juventus, AC Milan, Galatasaray), but also with Esports teams (Natus Vincere, Team Heretics, OG, The Alliance).
Earlier, I mentioned the Socios application. On the application, we can sell and buy team tokens. We can also take part in the FTO - fan token offering - which is a kind of pre-sale of tokens before entering the exchange.
Being the owners of specific fans of tokens, we can take part in quizzes of the team we are interested in, enjoy some exclusive discounts from the club and its sponsors, as well as participate in the "everyday life of clubs", for example, the choice of music at the stadium after a goal by Juventus, as well as how the FC Barcelona cloakroom is to be decorated or the bus design of Trabzonspor Etc.
In the Socios application, we also have the "Locker room" option where, by inserting our Chiliz, we have the exclusive right of purchasing the tokens at an entry price if one of the teams signs a contract with Socios / Chiliz. This is the case of AC Milan. An additional advantage of this option is that when the team is selected, we get an extra bonus of 10% of the CHZ tokens that we have placed there.
In addition to all this, Socios also conducts a large number of competitions within the app and on its social media, where the prizes are match shirts signed by players, Socios shirts or other gadgets.
Recently, the token fan has become famous thanks to the Binance exchange and its launchpool. Where, for the Chiliz, USDT or BUSD invested there, we could get fan tokens that can now be traded on the Binance exchange.
I believe very strongly that Chiliz is only at the beginning of its journey and we will hear about them more and more often, as well as the cooperation of Chiliz with clubs. Below are some photos where the advertisements of Chiliz and individual teams are displayed in the stadium during the match. Can you imagine what it will be like when the fans return to the stadiums 🙂 ??
I can promise you that the topic of Chiliz will appear on my blog very often. As a sports fan, mainly football, I am proud that I can support this project from the very beginning.
Regards and see you next time 🙂