This cryptocurrency will turn your $200 to $20k in the next 91 days.

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20 Jan 2024

The original goal of first-generation cryptocurrencies like Bitcoin and Ether was to act as all-purpose substitutes for currencies like euros, dollars, and pounds sterling. Since then, the number of special-purpose currencies and tokens has skyrocketed in the blockchain industry.
Take Chiliz and its CHZ token, for example.
In order to function as the internal currency for its Socios fan engagement platform, Chiliz established CHZ. To support athletes, teams, and celebrities, fans can buy branded, non-fungible tokens on Socios, which functions as a sort of online marketplace.
The Socios NFT marketplace is the primary target of the CHZ coin. However, CHZ has also demonstrated its appeal to investors. Because CHZ is the currency of a sizable and expanding company, it is somewhat protected from the volatility that trembles the cryptocurrency market as a whole.
This is a brief synopsis of the Chiliz NFT methodology and the CHZ token that underpins it.
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Chiliz Token
What is Chiliz (CHZ) ?
The company that created the CHZ token and the Socios platform is called Chiliz.
On the Chiliz blockchain, which is built on Ethereum, CHZ is an ERC-20 token. Users can buy NFTs at Chiliz’s Socios fan token marketplace using the token as payment.
Without Socios, there would be no CHZ token. Fans can purchase branded NFTs that link them to their favourite performers and teams on the Socios website. The currency that fans can use to buy branded NFTs is CHZ. In the Socios NFT marketplace, only this currency is accepted.
A feature-rich ecosystem for fan tokens is called Socios. In the following ninety-one days, this cryptocurrency will increase your $200 to $20k.
Users can buy NFTs, earn them in contests, trade them with other users, and exchange them for team-branded items and perks through the website and mobile apps. With more on the coming, the website presently provides branded NFTs for over two dozen sports and esports organisations.
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How does chilliz work?
The fan tokens that Socios sells are more than just trinkets. Fans can communicate with teams and have a say in team choices through team-branded NFTs. After obtaining tokens, fans can vote in surveys conducted by teams who have partnered with Socios to express their opinions.
For instance, when Juventus FC, a football team, scored a goal, token holders got to choose the celebratory music that would be aired over loudspeakers. Chelsea Dagger was Juventus’ go-to song for eight years as they celebrated a goal. Blur’s Song 2 was selected by Juventus fan token holders as a substitute, and the team implemented the modification.
A mural was selected by FC Barcelona supporters to be displayed on the team’s changing room wall. During games, supporters of the Paris Saint-Germain football team wrote a message on the captain’s armband. When participating in a charity event, the original esports squad allowed supporters to select an in-game banner that appeared. The Spanish esports team Team Heretics allowed supporters to select the pattern for a branded scarf that will be worn in competition and sold as memorabilia.
You receive one vote if you have an NFT with your team’s logo for a club that is conducting a survey. You receive two votes if you possess two NFTs. As you gain more fan tokens for the squad, you have more power over decision-making. Users will be encouraged to buy, trade, and obtain additional NFTs as a result.
Chz token
Token holders may also receive exclusive access to VIP seats at events, team-branded products, live-streamed meet-the-team events, gamification programmes, and leaderboards from teams and performers. Fans profit more and develop a stronger bond with their team as they purchase more NFTs bearing the team’s logo.
Through Fan Token Offerings, Socios partners issue NFTs.
The tokens are held on the Socios Proof of Authority side chain. Fan token prices fluctuate based on supply and demand as well as team popularity.
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History of Chiliz’s
In 2012, Chiliz was established as a division of the global sports and entertainment group Mediarex Group, which has its headquarters in Malta. 2018 saw the start of active development on the blockchain-based Socios platform. The CHZ token was introduced by Chiliz in October 2018. The token was promptly listed on international cryptocurrency exchanges.
The Juventus football team, located in Turin, Italy, was Chiliz’s first partner. Out of a total supply of 20 million tokens, the team sold 1.3 million by the end of November 2019 during their Fan Token Offering.
In late December 2019, Chiliz released the Socios app and website. Private Placement contributed $66 million to the development.
Millions of mobile devices and the internet are now using the Socios app. Chiliz has offices in France, Turkey, Spain, South Korea, and Brazil in addition to its headquarters in Malta.
While it looks forward to bringing more sports and entertainment tokens to the Socios marketplace, the firm is still focused on expanding its roster of partners to include football and esports clubs. The business recently declared its intention to enter the American sports market.
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Chiliz token
What Sets Chiliz Apart?
Chiliz has a well-defined business plan centred around fan tokens. While there are many applications for cryptocurrencies and NFTs, Chiliz views cryptocurrency as enabling technology for its primary business, which is creating fan communities.
Chiliz has been able to draw investors and reduce the volatility that frequently rocks the cryptocurrency markets thanks to this approach. Chiliz is not a cryptocurrency; rather, it is a firm that leverages cryptocurrency as a critical technology to accomplish non-crypto related business objectives.
In the gaming business, NFTs have shown their worth by enabling users to level up, customise their profiles, and accomplish in-game objectives. Numerous client loyalty programmes make use of them.
Chiliz has taken a leadership position in using the technology to support sports teams and their fans.
Socios is an example of an innovative use of NFT technology.
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How Many Chiliz (CHZ) Coins Are in Circulation?
In 2018, Chiliz introduced the CHZ token without doing a public sale. Out of the 8,888,888,888 total supply of CHZ tokens, 8,888,888,888 are now in use.
Both BEP-20 and ERC-20 are compatible with CHZ tokens. They are available for purchase at Kriptomat and the chiliz.net exchange, among other cryptocurrency exchanges.
The Chiliz Network: How Is It Secured?
The Socios platform and its smart contracts have undergone an independent audit, with the findings made available to the public. Chiliz budgets 5% of sales for recurring expenses related to security and auditing.
Token transactions employ a Proof of Authority security mechanism and occur on a private sidechain.
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How to Utilise Chiliz
Utilising the Chiliz platform, Socios, and CHZ can be done in two major ways.
You can start by taking part in the token economy of Socios fans. Get in touch with your favourite teams by visiting the Socios marketplace and buying fan tokens for them. It’s simple to get going. Even by acting as a matchmaker between Socios and potential new team members, you can earn tokens.
Investing in CHZ is the second alternative available. Investors looking to minimise the fluctuations in the major currencies of the market are drawn to the Chiliz token due to its robust business model that has withstood the volatility of the cryptocurrency industry.
Tips for Selecting a Chiliz Wallet
You can access and conduct transactions with CHZ funds using any Ethernet-compatible wallet, including hardware wallets, as it is compliant with both the ERC-20 and BEP-20 standards.
The majority of CHZ token purchases are made through Chiliz’s on-site wallet, which can be accessed at chiliz.net. It is a simple wallet that is suitable for a sports enthusiast audience rather than a bitcoin expert one.
Naturally, you are free to keep cryptocurrency in the wallet of your choice and preference. Web wallets can be accessed from both desktop and mobile devices, and they are free to use. Web wallets are “hot wallets,” which means that money may be accessed quickly and easily through them. As a result, they might not be as safe as other options.
When selecting an online wallet, be careful to deal with a provider that has a solid reputation for custody and security.
Chiliz token
Hardware wallets offer an additional degree of protection. While not as free as web wallets, solutions from Ledger, Trezor, KeepKey, and Prokey make sure that a hacker who has access to your computer or smartphone doesn’t instantly get access to your cryptocurrency cash.
You may effortlessly store and trade CHZ tokens with Kriptomat’s safe and cost-free storage option. Krimptomat blends features that are easy to use with enterprise-grade security.
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What Is the Price of CHZ?

Chiliz’ price rises and falls according to economic developments, market factors, news reports, and the overall state of the economy. The price is also influenced by the success Chiliz has in attracting new partners to its fan token program and the Socios platform.
The current Chiliz price is $ 0.08566 and the 24-hour trading volume is $50,843,061
CHZ is currently ranked #80 of all cryptocurrencies, with a total market capitalization of $761,260,757. It has a circulating supply of 8,888,292,417 CHZ and a max supply of 8,888,888,888 CHZ tokens.
In summary
Chiliz is an online platform for sports and esports that produces branded tokens that let supporters communicate with teams. To establish a full economy for team-fan interaction, the company integrates its token marketplace and Socios platform with an Ethereum-based coin and thousands of branded fan tokens.
The CHZ token serves two main purposes. Some get it so they can buy fan tokens at Socios and cheer for their preferred teams. Some purchase the token as a desirable option to invest in that is partly protected from fluctuations in the larger cryptocurrency market. CHZ could be an alternative or complement to stablecoins in constructing a balanced crypto investment portfolio.
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