The most basic of concepts have the most potential for spreading. Consider this: some of the world’s most powerful corporations were founded on the most basic of concepts that might have easily been accomplished with a little effort. Chiliz (CHZ) is one of those possibilities. It hasn’t taken flight yet, but it is still in its infancy.
Chiliz was conceived in 2018 with the intention of incorporating blockchain technology to enable fans around the world with a way to engage with their favorite sports teams as well as a new way for sports organizations to monetize their worldwide fan bases. This is the transformation that is taking place in the sports sector thanks to digital assets known as Fan Tokens, which are fungible digital assets created on the Chiliz blockchain and available on the website socios.com.
Chiliz’s utility token, CHZ, is an ERC-20 token on the Ethereum blockchain and a BEP-2 token on the Binance Smart chain. To involve team supporters more personally, the website socios.com employs a sort of tokenized voting. In polls, VIP awards, unique promos, AR-enabled features, chat forums, games, and competitions, Fan Tokens can be used to vote, and they can participate in global leader boards.
The website socios.com was founded in late 2019. The first Fan Token was for Juventus F.C., the most famous Italian soccer club. Following that, several more prominent soccer clubs, including Paris-Saint-German, Atletico de Madrid, A.S Roma, F.C Barcelona, and many others, entered the competition. But it’s not only soccer; F1 teams, the UFC, and the NBA have all partnered with Chiliz.
Price Movement – Chiliz (CHZ)
At the time of writing CHZ is being traded at the price of $0.2712. The price decreased by almost 7% in the last 24 hours. CHZ is a really strong token fundamentally. The maximum and minimum today are $0.2949 and $0.2689 respectively. The daily trading volume has decreased by almost 23.61%. CHZ had created its ATH in March 2021 and reached a price of almost $0.9441. Even after the reversal, CHZ still hasn’t been able to recover from the damage>Still it is being traded at the price it had around May.
CHZ has a circulating supply of almost 85.95B coins and a maximum supply of almost 8.88B. It is listed on coinmarketcap at rank 74. It can be exchanged on Binance, FTX, Gatie.io.
Price Prediction – Chiliz (CHZ)
According to wallet investor thinks that CHZ is a good investment. According to them, in one year, CHZ would be worth around $0.638. In a five-year time span, the price is expected to reach a value of $2.009.
