What is CHZ? Learn more about CHZ . cryptocurrency

• What is CHZ?
• Outstanding features of Chiliz (CHZ)
• Pros and cons of the Chiliz . project
• Guide to trading with cryptocurrency CHZ
• Conclude

What is CHZ?

The concept of CHZ

Chiliz (CHZ) is the first Blockchain platform applied to Esports. Chiliz allows users to have both cryptocurrency ownership and the right to vote for their favorite clubs or sports.

Chiliz project development team (CHZ)

The team of the Chiliz project is quite qualified with the participation of famous names in the Blockchain village, including 65 experts from 25 countries. Some prominent names are: Chief Executive Officer – Alexandre Dreyfus, Chief Operating Officer – Emma Diskin, Chief Strategy Officer – Max Rabinovitch, Chief Technology Officer – Mark Verdegaal, …

Currently, the platform has partnered with major teams such as Paris Saint-Germain, Juventus, West Ham United, OG, AS Roma, Club Atlético de Madrid, Galatasaray, Club Atlético Independiente, FC Barcelona and UFC, the clubs The series has hundreds of millions of fans worldwide.

Chiliz (CHZ) project development team.

The development process of the Chiliz . project

Since its founding in 2012 in Malta, Chiliz has contributed to bringing the world of sports closer to its fans through its unremitting efforts. 

The idea of ​​the Chiliz project has been underway since 2016. Product development activities started in early 2018.

In 2018, the Chiliz project continued to successfully raise $ 66 million. This capital is then used to develop applications on Socios.com, increasing the diversity of the platform.

From 2018 to 2020 already on CHZ distributed to the earliest contributing investors. During this period, CHZ in turn listed on major exchanges such as Binance, BitMax, KuCoin. 

By the end of 2019, Chiliz launched Socios.com, Juventus was the first major club to start collaborating with this platform. JUV tokens were then distributed to the team's fans, helping them to participate in the team's decisions.

By the end of 2019, Chiliz launched Socios.com.

Up to now, Chiliz has spread its operations in 29 countries. Besides the head office in Malta, the Chiliz office system continues to expand to France, Spain, Brazil, Korea, ..

Chiliz's mechanism of action

Chiliz works and operates through Socios.com. Here, Chiliz joins with other sports organizations that are working with the project to bet on the platform. Each club will have a different token. Players proceed to buy CHZ to vote for the club they like. The more votes the club's rank will be higher in the platform.

From there, the Chiliz platform offers sports organizations from small to large the opportunity to profit while driving and increasing fan engagement and engagement.

Outstanding features of Chiliz (CHZ)

The Main Ethereum Blockchain (Main Ethereum Blockchain)

The Ethereum blockchain is the core of the Chiliz platform. Everything that happens on the Chiliz platform including transactions, issuance of Voices tokens, conversion between Chiliz tokens to Voices tokens is done through a public ledger on the Ethereum Blockchain.

The Permissioned Sidechains

Sidechains are where Voices tokens are issued and then distributed to fans via Voice Queue or Voice Marketplace. Each eSports team on the Chiliz platform will act as a smart contract on these Sidechains. Using that model, eSports teams can implement their own rules and poll Voices token holders on any team-related decisions.

The ERC20 Chiliz Token

ERC20 Chiliz token is used to create token economy (Tokenomics). All services and fees in the platform can only be paid using ERC20 Chiliz tokens.

Pros and cons of the Chiliz . project

Advantage

Chiliz is a leading project in the rapidly growing e-sports field.

The platform allows fans to be active in voting on the management decisions of their favorite team.

Crowd management made easy thanks to advanced technology.

Defect

The demand to buy tokens is still low because it focuses mainly on people using Chiliz's services and participating in the network.

Being a pioneer is both an opportunity and a challenge for the Chiliz project.

What you need to know about the cryptocurrency CHZ

Functions of the CHZ . cryptocurrency

CHZ is a token in the Chiliz ecosystem, used for the following purposes:

Payment : CHZ cryptocurrency is used to pay for services such as converting between Voices token and Chiliz token, voting, voting for teams.

Profit Sharing : All eSports teams, clubs, leagues, sports organizations that contribute to the creation of an ecosystem can get a percentage of revenue from user fees on Chiliz's platform. . This profit is calculated in CHZ tokens.

Allocate CHZ tokens

CHZ tokens are allocated as follows:

• Token sale & Pre Sale: 34.5% of total supply.
• Userbase: 20% of the total supply.
• Marketing Operations: 15% of total supply.
• Strategic Acquisitions: 15% of total supply.
• Investors: 7.5% of total supply.
• Advisors: 3% of the total supply.

Allocate CHZ tokens

Basic information about the CHZ . cryptocurrency

Price: 0.2326 USD (price updated at the time of writing 10/06/2021).

Market capitalization: 1.356 billion USD.

Total supply: 8.8 billion.

CoinMarketCap ranking position: 64.

Instructions for using the CHZ . cryptocurrency

Guide to earn CHZ

Currently, Chiliz no longer runs Airdrop and Bounty programs, so users can no longer earn free CHZ by staking. The only way to own CHZ today is to buy from the exchange.

Instructions for storing CHZ

CHZ is an ERC-20 token, so you can store it on wallets that support this standard such as:

• Metamask .
• Myetherwallet .
• Trust Wallet .
• Atomic Wallet.

With CHZ tokens (BEP2) you can store them on Binance DEX wallets or wallets that support this standard.

Which exchange supports CHZ trading?

Currently CHZ is being supported for trading on a number of exchanges such as: Binance DEX, Huobi Global, Upbit.

Conclude

Referring to Blockchain technology , people usually only think of applications in decentralized finance. However, today, the Blockchain blockchain is also spreading its influence to the field of sports and entertainment. Chiliz is the best example of blockchain entering the sports arena. According to the data of the ranking site Coinmarketcap, CHZ once in just 7 days achieved an increase of 392.13%. And considering the first 3 months of 2021, the increase even reached approximately 1000%. 

Chiliz is the best example of blockchain entering the sports arena.

Hope TraderH4 's article has helped readers understand what CHZ is. Consider the potential of this coin. Of course, the timing of the investment is also very important. Therefore, we need to watch more when there is a sure reversal signal to enter.

Note: This article is for informational purposes only and should not be considered investment advice. Cryptocurrency investment is a form of risky investment, you only participate with the amount of capital that can be lost.