Chiliz (CHZ) Review
Chiliz crypto tokens provide fans with voting rights and the chance to engage in team, league, game title, and event decisions and direction. This gives fans a say in how decisions are made while also providing a new direct money source for sports and esports companies. It’s a scalable and adaptable solution that can be used in a variety of sports and esports environments.
Chiliz is planning to transform 2.2+ billion gamers and 380+ million fans into teammates and decision-makers. In the next 2 to 3 years, the global sports market, in particular, is predicted to rise by 32 percent annually. Chile welcomes cryptocurrencies and endorses fan sites as the most efficient instruments for active fans of sports and esports.
The Problem Chiliz and Socios.com Are Trying To Solve
Fans of sports can only sit and observe. They are unable to make decisions or exert influence on the organizations they care about. For the great majority of sports organizations, gaining this voice through direct investment in a certain club is not a viable choice. Even if it were, the obstacles to entrance for a typical sports fan are enormous, almost insurmountable. There is no way to get from being a spectator to being a participant in the game. The desire to ‘engage’ fans as influencers exists, as seen by F1’s’ Fan Voice ‘component.
How It Works
Socios.com is a platform on which fans receive a direct vote on their favorite sports organizations, and connect with and support new sports and sports organizations. This platform is powered by the Chiliz (CHZ) token—a team crowd management system that enables fans to play an important, active part in directing their favorite sports teams to various decision-making and influencing events.
This is feasible through the new use of a scalable blockchain-based Fan Token infrastructure for purchase and utilities. The decision will affect sports teams in the real world as well as any other partner organizations directly.
What is the CHZ token?
The Chiliz (CHZ) token is a cryptocurrency that allows fans to purchase branded Fan Tokens from any club or organization that has partnered with the Socios.com platform and use them to exercise their voting rights as fan influencers.
The first teams on Socios.com are formally the top football clubs, including Paris Saint-Germain & Juventus. Clubs will discharge their fans with a defined degree of influence – which the clubs themselves will select. Fans buy fan sport tokens and utilize the platform to participate in club-opened on-demand surveys. Additional top-level clubs should also come on board in the near term. The social media platform will build a popular economy for vertical football sports.
With the adoption of big teams like Juventus and more sports issuing Fan Tokens, the project paved the way for widespread adoption among sports and soccer fans. It has already made a big impact in the world of sports and is one of the most exciting new blockchain projects for 2021 and 2022.
Further Chiliz Information
- Price $0.121
- Market Cap