Review on Chiliz by Saparov Meylis

The Chiliz developers are going to implement the crowd-control principle in casual and esports. In theory, the socios.com platform should ensure that every fan can participate in the development of their favorite team.

CHZ cryptocurrency is a kind of "fuel" thanks to which the platform will function. Already announced partnerships with clubs such as Juventus, Paris Saint-Germain and a number of smaller clubs.

The modern sports and esports industry is designed in such a way that fans have no leverage over the development of their favorite team. In fact, the connection is one-sided, fans just watch the club's performances. The maximum is passive participation in the life of the team by buying souvenirs, tickets, showing support in other ways.

The socios.com platform aims to tokenize the voting rights of each fan. Through her, the huge fan base of the same Juventus will be able to vote on the most important decisions in the club. The blockchain guarantees 100% fairness of such a vote. The same applies to esports.

The idea was a principle implemented in some football clubs. In Barcelona and Real Madrid, the influence of the fans is strong, among the smaller clubs there are examples when the fan community is almost completely responsible for the existence of the collective.

As for the developers themselves, the project is a "daughter" of the Maltese Mediarex Group. This company was created in the mid-2000s and is part of the Enterprise Ethereum Alliance (EEA).

During its existence, Chiliz managed to attract Juventus, PSG and other football clubs from the TOP leagues to its side. We also note that Binance directly invested in Chiliz - a serious argument in favor of the seriousness of the project.

In a simplified way, the scheme of interaction between clubs and fans can be represented as follows:

* the club is determined in advance with which part of the decisions

will be able to accept the fan community. Part of the power

transmitted to people;

* the socios.com platform generates a certain

the number of so-called Fan Tokens;

* fans buy these coins and take part in

polls through the socios.com platform. How

a person owns a large number of Fan Tokens,

more significant is his voice.

All members of the socios.com platform start with a predetermined amount of Fan Tokens. Fans exchange CHZ for fan tokens and vote, their votes are counted through a series of smart contracts, and the result is recorded in the sidechain (subsidiary blockchain). At the same time, fan tokens will be sold at a fixed price on a first come, first served basis - this is a guarantee of an honest and unbiased distribution of voting rights. This technique is suitable for all socios.com members.

There is protection against monopoly. A single user cannot buy unlimited Fan Tokens, so neither individual nor organization can take over the club through socios.com.

The owner of even one Fan Token gets access to the socios.com marketplace. Here you can speculate with fan tokens, putting them up for sale at any price.

The developers used the same principle as in the financial markets. Buyers only see Fan Tokens listed for sale at the lowest price. Only after the liquidity at this level is selected, the next offer in value will become available.

If, for example, 100 Fan Tokens were put up for sale at 50 CHZ, 40 CHZ, and 20 CHZ. Then initially only the offer at the price of 20 CHZ will be visible, when they are redeemed, the offer at 40 CHZ will be visible and so on.