Chiliz is a currency option for blockchain-backed products & services geared towards mainstream consumers. We want to elevate everyday experiences – fan engagement in entertainment, alternative payment solutions for conventional products, and more.
Chiliz provides sports & entertainment entities with blockchain-based tools to help them engage & monetize their audiences.
Socios.com, the Chiliz owned platform, gives sports and esports teams a direct way to both engage and monetize their fans. Giving fans the power to vote on their favorite organizations doesn’t just give them the ability to enhance their level of entertainment, it gives them a reason to care on a higher level.
Socios.com had already partnered with Paris Saint-Germain, Juventus, and West Ham United. They are in talks with other major football clubs, which will be announced in due course.
The Fan Tokens offered at Socios are not just mere collectibles for sale. The team-branded NFTs provide fans with an influence in team decisions as well as gives them an interactive relationship with their favorite teams. Fans who own the token will be able to express themselves by voting on polls published by teams who are already a part of Socios.
Basically, if you have a team-branded NFT with you for a particular club then, you get a vote. But if you have two of those NFTs, then automatically you will get two votes and so on and so forth. Therefore, this means that your influence over the decision-making of a team grows as and when you collect more of those Fan tokens for each specific team. As a result, this will create an incentive of sorts for users to trade, purchase and collect more and more Non-fungible tokens.
Apart from this, in order to improve their popularity and earn more support by making users feel that they are a part of the team, entertainers and teams themselves are able to offer additional rewards and benefits for token holders including team-branded merchandise, live streaming meets the team events, premium or VIP seats at events, gamification programs as well as leaderboards. In other words, the more the fans collect those NFTs, the more they gain a closer relationship with the team along with a lot more benefits.
Talking of NFTs, non-fungible tokens are issued if fan Token offerings by Socios partners and the tokens are stored safely on the Proof-of-Authority sidechain of the Socios platform. On the other hand, prices and value of the fan Tokens rise and fall on their own as per the law of demand and supply as well as the popularity of the team of course.
Chiliz price today is $0.278887 with a 24-hour trading volume of $245,387,416. CHZ price is down -2.8% in the last 24 hours. It has a circulating supply of 5.3 Billion CHZ coins and a total supply of 8.89 Billion.
A quick snapshot of Chiliz`s ROI in different time frames till today, Chiliz exceeded in 'Non-Fungible Tokens (NFT), Sports' categories which had 0% growth over the past year, you can see more here.
About Popularity, A great capable marketing team and brand awareness have a direct impact on the success of any project. This gives you an indication of how fast price is affected by growth in popularity. As you can see in the chart here, Twitter had very better Growth Rate than Telegram and Reddit, Although Telegram had a 6% growth in some months period. But Reddit had 0% growth and it`s not good for Chiliz`s marketing world.
About Market Cap & Liquidity, Projects with low liquidity and smaller market cap are generally riskier. The latest CHZ cost is $0.279325. Based on this Chiliz analysis, today the investment has a 4.8 out of 10 safety rank and +168.1% expected profit with the cost going to $0.748749. The strongest ranking factor for this crypto asset is Market Cap, you can see more here.
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