Digital asset for sports fans: where to buy and how to spend Chiliz
Chiliz (CHZ) is a digital currency for sports and entertainment platforms which provides them with blockchain-based tools to engage and monetise their audiences.
What is Chiliz
Chiliz is owned by Malta-based Mediarex Group, a global sports and entertainment organisation, which was founded in 2012. The project’s native coin is CHZ, an ERC20 utility token on the Ethereum blockchain.
In October 2018, Chiliz generated 8.8 billion CHZ. Later on, CHZ was publicly listed on major cryptocurrency exchanges, including EXMO.
This digital asset can be used for buying branded Fan Tokens on the Socios.com platform. For instance, users can buy tokens from international sports teams and organisations, including football teams such as FC Barcelona, Juventus, AC Milan, Paris Saint-Germain, Atlético de Madrid, AS Roma, Galatasaray and many others.
Fan Tokens are limited in number, and are fungible, meaning their ownership can be traded, and their price is driven by the market. They allow users to influence their teams via popular vote and become eligible for engagement-based team rewards and recognition.
Main features and advantages of Chiliz
Chiliz is a promising digital asset for passionate sports fans and crypto enthusiasts. It allows users to buy Fan Tokens which provides them with exclusive benefits and helps to support their favorite sports teams.
In March 2021, CHZ’s price increased by 1,650% in just two weeks being triggered by NFT hype. According to Messari, this allowed Chiliz to hit TOP 30 of the fastest growing cryptocurrency coins so far in 2021.
Based on CoinMarketCap data, CHZ was the second most popular coin among collectibles and NFTs crypto tokens on 5th May 2021.
How to buy Chiliz
You can buy CHZ on the Socios.com platform or directly via EXMO crypto exchange. Currently, CHZ can be traded on EXMO in pairs with Bitcoin on favorable terms with a good market spread: Buy CHZ
