Chiliz Price CHZ

    About Chiliz

    Socios from Chiliz, a FinTech provider found in Malta, is a sports engagement platform for fans built on a blockchain infrastructure that exclusively uses an online platform currency called chz coin. Alexandre Dreyfus was the co-founder of Chiliz. He has more than twenty years of experience in developing various web-based companies. Technology from Chiliz offers each sporting organization a limited supply of tokens to fans, which are initially provided through a Fan Token Offering (FTO). Such tokens are given depending on who comes when Chiliz announces the whole diluted cap in the market and opening prices. Clients can buy the fan tokens using chz, which is the primary internal currency of the platform.


    Additionally, voting on the Socios platform can be done by the fans using fan tokens. Here, smart contracts make the process seamless. Since the launch of the chz coin in 2018, its circulation is now at 8.8 billion. Distribution gets done to the early contributors who lack public sales from various exchanges. At the beginning of the chz launch, Chiliz designed ERC-20 tokens. However, the company changed the token to BEP-2. The release of these fan tokens developed a strategic partnership with Binance Launchpool. Additionally, fans using the Tron blockchain can use chz in the form of TRC-20 tokens.Several blockchains consist of chz. Therefore, a control mechanism for its propriety crowd has been developed by Socios sidechain where the fans mint their fan tokens. Thus, the environment is well protected even during voting, which can be done only on audited polls displayed publicly.Private organizations prefer to use authority authentication, which closes blockchains and only allows users to participate within the related ecosystem.

    How it works

    Chiliz coin is a kind of digital currency popularly used in entertainment and sports platform and abbreviated under CHZ. It is an ERC20 token that runs on an Ethereum-based blockchain.


    To begin with, Chiliz is an esports and sports resource that creates branded tokens or Chiliz coin. And, it allows the fans to communicate with teams. The company combines its Socios platform and crypto marketplace with Ethereum-based coins and branded fan tokens that create a team-fan interaction.


    Chiliz coin works in two ways. Some people want to achieve it so that they can buy fan tokens to support teams they like at Socios.com. Besides, fans can interact with teams who have become Socios partners and express themselves. Whereas, others acquire tokens as a means of investment alternative that’s based on the ups and downs of the crypto market.


    Chiliz Coin Features


    Chiliz has a well-structured and defined business strategy that depends on fan tokens. The main purpose of Chiliz is to build fan communities with the help of the Chiliz coin. The first to understand that Chiliz isn’t a crypto company. Rather, Chiliz uses the technology to achieve business goals that aren’t connected with crypto.


    Chiliz has been a pioneer when it comes to providing leadership positions by using technology and supporting sports teams including fans. Besides, the Chiliz coin or CHZ fan tokens are definite digital assets that allow voting rights. That way, an individual can decide on any issues relating to the games.


    Chiliz Coin Team


    The Chiliz coin team comprises more than 250 professionals and they are increasing as well. And, that involves professionals from 27 different nationalities. Here are some of the team members that are holding important designations.


    * Emma Diskin – COO

    * Alexandre Dreyfus – CEO

    * Max Rabinovitch – Chief Strategy Officer

    * Fiobian Manicolo – Chief Financial Officer

    * Thibaut Pelletier – Chief Technology Officer

    * Dorianne Spiteri – Chief Legal Officer

    * Mark Verdegaal – Chief Product Officer

    Release Time: 2019-07-02

    CEO Of Fan Token Company Socios Accused Of Price Manipulation

    Alexandre Dreyfus, the chief executive officer and founder of fan token company Socios, is in hot water. According to Off the Pitch, Dreyfus has been

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