What Is Chiliz.com
Chiliz.com Coin is one in all the biggest blockchains for esports and gaming crowdfunding. Officially released in 2019, the concept for Chiliz and the platform Socios.com had been to start with conceived in 2016. Chiliz is a token designed to permit lovers to assist their favourite sports activities groups via blockchain-primarily based totally interactions.
The Chiliz.com platform additionally pursuits to permit lovers to shop for tokenized vote casting rights for the groups they assist. Football membership Juventus became the primary to release a crew token via the Socios.com website. Since then, greater than 100 distinctive groups have joined the platform. Chilliz has attracted the eye of competition from a big range of sports activities, inclusive of football, basketball, and esports groups.
Chiliz.com 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.
Important Points Table Of Chiliz.com
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$CHZ – The Rocket Fuel for Socios.com
The Socios.com fan engagement platform is built from the ground up on the Chiliz blockchain infrastructure & uses $CHZ as it’s exclusive on-platform currency. Socios.com allows fans to purchase branded Fan Tokens from some of the biggest and most renowned sports teams in the world including FC Barcelona, Juventus, Paris Saint-Germain, AS Roma, Galatasaray, Atlético de Madrid, OG, CAI & UFC.
Fan Tokens bought on Socios.com allow users to influence their teams via popular vote and become eligible for engagement-based team rewards and recognition. All Fan Tokens are minted using the Chiliz blockchain & all on-platform voting is executed as a series of smart contracts which run through the Chiliz blockchain.
What Makes Chiliz Unique?
Chiliz.com and Socios.com claim to be the first platforms to build a bridge between blockchain technology and the sports world. By issuing blockchain-based tokens, Chiliz ensures that fans have their investment secure and protected while participating from anywhere in the world.
Chiliz.com and Socios.com allow sports fans to participate in the management of their favorite teams. By buying fan tokens, users secure voting rights and participate in votes announced by the teams on Socios.com. This further boosts the decentralization features offered by the Chiliz blockchain.
A Global Nexus for Blockchain Business
Connection and Collaborative Growth are the foundation underpinning the Chiliz.com Blockchain Campus. Malta provides regulatory security while a global network of partnerships focused across Europe & Asia ensure that Campus members can access opportunities in the greater crypto ecosystem without leaving our business hub.
What Is SOCIOS.COM?
$CHZ powers Socios.com – the first consumer-facing product and the first scalable, mainstream hub for fans to buy tokenized voting rights in their favourite teams. The app counts many of the world’s football clubs and esports teams, including FC Barcelona, Juventus, Paris Saint-Germain, Atlético de Madrid, AS Roma, Galatasaray, OG, Team Heretics, UFC, Apollon Limassol, Trabzonspor, BSC Young Boys, Sint-Truidense V.V., PFL, Novara Calcio, Natus Vincere, İstanbul Başakşehir, Team Alliance, Universidad de Chile and A.C. Milan, among its partners. Socios.com allows sports teams to issue digital assets, known as ‘Fan Tokens’ onto the Chiliz blockchain via ‘Fan Token Offerings’.
As the exclusive on-platform currency, fans use $Chiliz.com to buy these branded Fan Tokens, which give users decision-making power by allowing them to vote on polls our partners publish on the app. Ownership also gives fans access to exclusive rewards & incredible experiences, as well as gamification, social connection and leaderboard features as they launch through 2020 and beyond. Fan Tokens are emitted on Socios.com’s own Proof of Authority side chain. All fan influence polls are executed as smart contracts on the PoA side chain as well.
How Is the Chiliz Network Secured?
The Chiliz.com blockchain relies on a proof-of-authority (PoA) side chain consensus mechanism for security. Unlike proof-of-work (PoW) and proof-of-stake (PoS), PoA relies on the reputability of already established validators for the creation of new blocks.
To make transaction processing as fast as possible, the PoA consensus relies on a Byzantine Fault Tolerance (BFT) algorithm with identity as a stake. It is more cost-effective than the PoW consensus in terms of electrical and computing power consumption.
Chiliz Launch Pad
The Chiliz.com Blockchain Campus offers its partners and members of its accelerator space access to an high rise venue dedicated to hosting blockchain events and as a business space for companies and partners to host their own events on – demand. The space includes 4 executive meeting rooms and “The Moon Base”- a 50 seat Auditorium equipped with top notch live streaming facilities.
Where Can You Buy Chiliz (CHZ)?
Chiliz (CHZ) is available for trading on the following platforms: