Chiliz price (CHZ)

About Chiliz (CHZ)

Chiliz ($CHZ) is a leading digital currency designed for sports and entertainment industries, collaborating with major sporting organizations globally. The company offers tools for sports and entertainment entities to engage and monetize their worldwide audiences. Through its consumer-facing app, Socios.com, launched in late 2019, Chiliz has partnered with over 20 major sporting organizations like Manchester City, FC Barcelona, Juventus, and Paris Saint-Germain to introduce Fan Tokens.

Fan Tokens are a novel form of digital asset that grant owners a 'Fan Share of Influence' along with various engagement opportunities such as voting rights in exclusive polls. Owners can interact with other fans through Socios Chat, access exclusive promotions, receive VIP rewards, and participate in games and competitions on the app. Chiliz also launched Chiliz.net (Chiliz Exchange) in early 2020, the world's first tokenized sports exchange, aiming to create a new ecosystem where sports fans and cryptocurrency enthusiasts can trade and exchange Fan Tokens.

The Chiliz token ($CHZ) fuels all these projects and is a chain-agnostic digital currency available on major crypto exchanges worldwide, including Binance. Fan Tokens operate on Chiliz Chain, an Ethereum-based PoA network with over 550,000 wallet addresses. The popularity of Fan Tokens surged in late 2020 after $PSG and $JUV were listed through Binance Launchpool, attracting attention from the crypto community towards this innovative digital asset.

How does Chiliz work?

Chiliz (CHZ) operates as a decentralized digital currency that facilitates peer-to-peer transactions on its blockchain network. Built on the Ethereum blockchain, Chiliz utilizes smart contracts to enable secure and transparent transactions without the need for intermediaries. The platform employs a proof-of-authority consensus mechanism to validate transactions and maintain the integrity of the network. Chiliz stands out from traditional financial systems with its unique features, such as the ability to create and trade fan tokens for sports teams and entertainment brands. These tokens can be used for voting on team decisions, accessing exclusive content, and participating in fan engagement activities. Chiliz has found applications in various industries, including sports, esports, and entertainment, offering a new way for fans to interact with their favorite teams and brands while providing them with a sense of ownership and engagement.

How to keep your Chiliz (CHZ) safe?

To keep your Chiliz (CHZ) safe, consider using hardware wallets like Ledger for enhanced security measures. These wallets store your private keys offline, making it harder for hackers to access your funds. Additionally, trusted platforms like Nexo, Coinbase, and OKX offer secure storage options and insurance coverage for your digital assets. By diversifying your storage solutions and utilizing reputable platforms, you can better protect your Chiliz holdings from potential threats.

Sentiment about Chiliz CHZ

Social media platforms are indicating a positive sentiment towards Chiliz. The sentiment score, which represents the balance between positive and negative posts weighted by interactions, is broken down as follows:

• Reddit posts show 87%

• YouTube videos show 95%

• TikTok videos show 80%

• On X (formerly Twitter), sentiment towards Chiliz varies. Approximately 85.4% of tweets express bullish sentiment, 0.29% express bearish sentiment, and 14.31% remain neutral. These sentiments are based on 677.38K tweets.

These findings are based on a total of 679.77K interactions over the last 24 hours, involving 344 unique social contributors to the topic.

This aligns with Chiliz's market performance; it is currently priced at $0.07 with a market capitalization of $625.79M.

In addition, in the last 24 hours, the price increased by 4.66%. Market data suggests a bullish sentiment, indicating a positive outlook for the cryptocurrency.