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Chiliz Stock

Chiliz

CHZ

Price

0.06
Today +/-
+0
Today %
+0 %

Chiliz Whitepaper

  • Simple

  • Expanded

  • Experte

Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
BatonexCHZ/USDT0.0483,622.46213,726.0749.29 M2.76cex3
EchobitCHZ/USDT0.05005.84 M0.04cex1
PayBitoCHZ/ETH0.04125,869.58201,606.793.82 M0.29cex224
CoinPCHZ/USDT0.0426,896.1620,054.33.22 M0.07cex8
HTXCHZ/USDT0.043,892.3419,781.372.93 M0.15cex417
PayBitoCHZ/USDT0.04148,964.02188,814.652.29 M0.17cex346
BiboxCHZ/USDT0.0346,731.9747,953.831.13 M0.43cex288
ToobitCHZ/USDT0.04309,578.57297,305.23893,064.480.05cex544
BinanceCHZ/USDT0.04110,423.1591,213.88867,975.650.01cex584
Darkex ExchangeCHZ/USDT0.04105,280.21100,896.99797,195.710.02cex255
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Chiliz FAQ

### What Is Chiliz (CHZ)? Chiliz (CHZ) represents a cryptocurrency tailored for sports and entertainment, ushering in unprecedented interaction between fans and their favorite teams. This digital currency is the backbone of platforms, such as Socios.com, which empowers users with voting rights in what can be referred to as tokenized influence on club decisions. To explore further intricacies, visit Eulerpool. CHZ is primarily utilized to purchase fan tokens, which grant holders access to exclusive content, club rewards, and the opportunity to participate in polls. With Chiliz, fans can engage more deeply with their teams in a participatory manner. For insights into its current price and market trends, consult Eulerpool. Launched in 2018, Chiliz is headquartered in Malta and aims to position itself as the leader at the nexus of blockchain technology and the sports industry. The project is driven by the vision of creating a new fan engagement economy, where sports organizations leverage blockchain for monetization while providing fans with closer connections to the teams they support. For comprehensive data and analysis, refer to Eulerpool.

Chiliz is the premier digital currency in the sports and entertainment sector, introduced by the Malta-based FinTech provider of the same name. It powers the blockchain-based sports entertainment platform Socios, enabling users to engage in the governance of their preferred sports brands. Socios.com exemplifies this participation through its numerous fan tokens. For sports clubs and associations, fan tokens provide a mechanism to connect with fans while generating additional revenue streams. Fans can influence club-related decisions by participating in surveys and polls, such as determining the messages displayed on a captain’s armband. The company seeks to transform fans from passive spectators to active participants. Chiliz has forged partnerships with some of the world's most renowned sporting institutions, including FC Barcelona, Manchester City, Juventus Turin, and Paris Saint-Germain. Its partners also include the UFC and gaming organizations. By acquiring CHZ, fans gain access to various fan tokens and effectively hold a stake in their club. Find this and more cryptocurrency information on Eulerpool.

Who Are the Founders of Chiliz (CHZ)?

Chiliz was established by Alexandre Dreyfus, who currently serves as its CEO. Dreyfus brings over two decades of experience in founding and expanding web-based enterprises. Prior to Chiliz, he developed Webcity, an interactive travel guide, as well as Winamax and Chilipoker, both of which are online poker projects. Chiliz was founded in 2017 with the specific objective of intensifying efforts to position Fan Tokens as the premier fan engagement tool and a significant new revenue stream for the sports industry. This objective is underscored by the aggressive expansion of fan tokens, which have attracted a wide array of European football giants alongside smaller clubs.

What Distinguishes Chiliz (CHZ)?

Every sporting organization utilizing Chiliz technology has a finite supply of fan tokens available during an initial Fan Token Offering (FTO). These tokens are distributed on a first-come, first-served basis, with Chiliz providing advance information on the opening price and the fully diluted market capitalization. The CHZ token, native to the platform, is used to acquire fan tokens and serves as the platform's internal currency. Fans are able to cast votes on the Socios platform using their fan tokens, facilitated through smart contracts. The level of influence fans have is determined by the clubs and can range from choosing new jersey designs to selecting team matchups in exhibition games. Chiliz has pioneered direct participation for average sports fans in the decision-making processes of clubs and organizations. Continuously innovating ways to increase fan engagement, the company has established the Chiliz Blockchain Campus— a privately-owned crypto incubator aimed at accelerating blockchain technology adoption across Asia and Europe. Despite the projection of having 80-100 teams integrated into its network by the end of 2021, Chiliz estimates it is currently utilizing only about 10% of its potential.

What is the Circulating Supply of Chiliz (CHZ) Coins?

The total supply of CHZ is 8.8 billion, minted at its launch in October 2018 and distributed to early contributors with no public sales beyond what was made available through exchanges. The token distribution is as follows: - 15% – Strategic Acquisitions - 5% – Team - 7% – Seed Investors - 3% – Advisory Board - 15% – Marketing - 20% – Userbase Reserve - 34.5% – Token Sale Initially, CHZ was launched as an ERC-20 token, but it was later also designed to be BEP-2 compatible, due to Binance Launchpool’s role in releasing fan tokens as part of a strategic partnership. CHZ is also available as a TRC-20 token on the Tron blockchain.

How Is the Chiliz Network Secured?

CHZ is accessible on various blockchains, including Ethereum, Binance Smart Chain, and Tron. Fan tokens are created on its Socios sidechain, utilizing a proprietary crowd control mechanism to ensure that fans operate within a secure environment and participate only in publicly audited polls. The sidechain employs a proof-of-authority consensus mechanism. This type of consensus is predominantly used by private organizations with closed blockchains, allowing only users within its ecosystem to participate. While it is less decentralized than other consensus mechanisms, it offers superior scalability and security, making it an ideal choice for a sidechain. The CHZ token has undergone an audit by Certik.

When is the commencement of Chiliz trading?

Chiliz was launched on the Ethereum mainnet in October 2018.

Where Can You Purchase Chiliz (CHZ)?

CHZ is accessible on Binance, Huobi, Coinbase, and various other exchanges. New to cryptocurrency? You can learn more about entering the market and purchasing CITY or any other token on the Eulerpool education portal — Alexandria.

Investors interested in Chiliz are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.