What is a Chiliz (CHZ) token? How to buy CHZ?

In recent weeks, especially coming up frequently in Turkey Chili (CH), it is a token of Socios.co platform. Users of Socios.com, which allows football lovers to interact with their teams, make transactions using the Chiliz token on the platform.

Chiliz, a crypto currency for use, is an ERC-20 token developed on the Ethereum blockchain network.

Who is the developer of Chiliz (CHZ)?

Chiliz was developed and launched by Alexandre Dreyfus, an experienced entrepreneur in the gaming and sports industries. Dreyfus, also the founder and CEO of Socios.com, founded Webcity, an interactive tourism guidance platform, in the late 1990s. Drefyus co-founded Winamax, which later became one of France’s largest online poker sites.

Bringing its experience in digital technology to the blockchain space, Dreyfus officially launched Chiliz in 2019. Dreyfus is also ranked 49th on Cointelegraph’s list of the 100 most influential names in the crypto and blockchain space.

What is Socios.com?

Socios.com is the first platform to bridge the gap between blockchain technology and the world of sports. The first of its kind targeting football fans, this blockchain platform allows fans to interact with the teams they support.

Socios helps the football clubs it cooperates with to create their own fan tokens. Fans have the right to vote as much as the token they have in voting about the club. These votes can be related to a change in the team’s crest or which player the fans want to meet at the club event. Owners of tokens created by the club can vote in such voting at the rate of token they have.

On the Socios platform, clubs can hold two different types of voting, binding and non-binding. Clubs have an obligation to act according to the results of the binding voting. Non-binding voting, on the other hand, provides an insight into the opinions of the fans.

In Socios, each fan token gives its holder one vote. Fans do not spend their tokens when they vote, so the number of tokens does not decrease when they are cast in voting. Thus, the fans have a permanent voting right with these tokens.

Socios users can buy and sell these fan tokens with Chiliz, the platform’s own token. The value of fan tokens, on the other hand, depends on Chiliz, not a reserve currency such as dollars or euros.

Among the football clubs that Socios.com collaborates with, there are clubs such as Juventus, FC Barcelona, ​​Paris Saint Germain, Atlético de Madrid, Galatasaray, AS Roma, Trabzonspor and AC Milan.

Wondering about Chiliz

Chile began in March 2021 only 0.05 dollars, 0.88 dollars jumped up in 13 days, especially in countries where there was great interest in the intensity of football fans like Turkey. According to CoinMarketCap data, Chiliz saw its all-time low with $ 0.004001 as of March 2021 on September 27, 2019, and its all-time high with $ 0.8915 on March 13, 2021.

Chiliz’s supply has been limited to 8,888,888,888 (8.88 billion) and currently has CHZ 5,586,355,378 in circulation. The entire Chiliz supply has been preformed, although not yet fully circulated. Therefore, it is not possible to mine Chiliz.

The market value of Chiliz, which was traded at $ 0.46 as of April 11, 2021, was measured as $ 2,574,492,034.

How to buy Chiliz?

Chiliz can be purchased on Socios.com with credit or debit card. In addition, there are exchanges that list the cryptocurrency. These exchanges include Binance, Huobi, KuCoin, FTX, Bitfinex, OKEx, Crypto.com and the local exchange Paribu.

CHZ can also be traded on the decentralized finance protocol Uniswap.

DISCLAIMER: The statements contained here are not investment advice. Never trade without researching the markets thoroughly and without comments from different circles. Read the comments of the investors you trust and consult their opinions. Remember that every trading transaction involves risk. Make your own decision when taking any action. Cointelegraph cannot be considered directly or indirectly responsible for any damages or losses arising or allegedly arising from investment products or services.

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